Global Type IV Composite Pressure Vessel Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Type IV Composite Pressure Vessel market size was valued at US$ 284 million in 2024 and is forecast to a readjusted size of USD 388 million by 2031 with a CAGR of 4.6% during review period.
A Type IV composite pressure vessel is a fully composite structure featuring a polymer liner, typically made of high-density polyethylene (HDPE), reinforced with carbon fiber or a hybrid carbon/glass fiber composite. The composite materials bear all structural loads, providing excellent strength and durability under high-pressure conditions. Compared to traditional metal pressure vessels, Type IV composite pressure vessels offer significantly reduced weight, superior corrosion resistance, and extended fatigue life. As a result, they are widely used in hydrogen storage, natural gas transportation, and high-pressure gas containment applications.
Type IV composite pressure vessels are primarily used for hydrogen storage, natural gas transportation, and other high-pressure gas applications. The market is experiencing rapid growth, driven by the development of clean energy, advancements in fuel cell technology, and the shift from fossil fuels to natural gas and hydrogen. Governments worldwide are implementing policies to promote hydrogen energy and clean technologies, accelerating the growth of related industries. Key market participants include traditional pressure vessel manufacturers, emerging composite material companies, and major players in the automotive and energy sectors. However, the market is still in its growth phase due to high production costs, technical barriers, and underdeveloped supporting infrastructure.
With the increasing emphasis on carbon neutrality, Type IV composite pressure vessels are expected to play a crucial role in hydrogen storage, transportation, and heavy-duty mobility applications. As material technology advances, production costs decrease, and manufacturing processes improve, the market penetration of these vessels will continue to rise. Additionally, several countries and companies are investing in alternative hydrogen storage technologies such as liquid organic hydrogen carriers (LOHC) and solid-state hydrogen storage, which could create competitive pressure for Type IV pressure vessels. The evolving regulatory landscape in different countries will also shape the global market dynamics.
The growth of the Type IV composite pressure vessel market is primarily driven by government incentives, increasing demand for hydrogen fuel cell vehicles, and the expansion of hydrogen supply from renewable energy sources. Advances in composite material technology have made these vessels lighter and more durable, enhancing their applicability in mobile and stationary storage solutions. However, the market still faces significant challenges, including high initial investment costs, dependence on specific supply chains for key materials, and slow hydrogen infrastructure development. Additionally, stringent safety standards lead to lengthy certification and adoption processes, which can slow market expansion.
This report is a detailed and comprehensive analysis for global Type IV Composite Pressure Vessel market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Type IV Composite Pressure Vessel market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Type IV Composite Pressure Vessel market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Type IV Composite Pressure Vessel market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Type IV Composite Pressure Vessel market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Type IV Composite Pressure Vessel
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Type IV Composite Pressure Vessel market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Luxfer Group, ILJIN Hysolus, Faber Industrie, Worthington Enterprises, Hexagon Purus, Umoe Advanced Composites, NPROXX, Kautex Maschinenbau, Steelhead Composites, Quantum Fuel Systems, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Type IV Composite Pressure Vessel market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Carbon Fiber
Glass Fiber
Market segment by Application
CNG Storage Tank
LPG Storage Tank
Hydrogen Storage Tank
Others
Major players covered
Luxfer Group
ILJIN Hysolus
Faber Industrie
Worthington Enterprises
Hexagon Purus
Umoe Advanced Composites
NPROXX
Kautex Maschinenbau
Steelhead Composites
Quantum Fuel Systems
EKC
Time-Technoplast
Kineco
Faurecia
Beijing Tianhai Industry
Shandong Auyan New Energy Technology
Sinoma Science & Technology
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Type IV Composite Pressure Vessel product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Type IV Composite Pressure Vessel, with price, sales quantity, revenue, and global market share of Type IV Composite Pressure Vessel from 2020 to 2025.
Chapter 3, the Type IV Composite Pressure Vessel competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Type IV Composite Pressure Vessel breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Type IV Composite Pressure Vessel market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Type IV Composite Pressure Vessel.
Chapter 14 and 15, to describe Type IV Composite Pressure Vessel sales channel, distributors, customers, research findings and conclusion.
A Type IV composite pressure vessel is a fully composite structure featuring a polymer liner, typically made of high-density polyethylene (HDPE), reinforced with carbon fiber or a hybrid carbon/glass fiber composite. The composite materials bear all structural loads, providing excellent strength and durability under high-pressure conditions. Compared to traditional metal pressure vessels, Type IV composite pressure vessels offer significantly reduced weight, superior corrosion resistance, and extended fatigue life. As a result, they are widely used in hydrogen storage, natural gas transportation, and high-pressure gas containment applications.
Type IV composite pressure vessels are primarily used for hydrogen storage, natural gas transportation, and other high-pressure gas applications. The market is experiencing rapid growth, driven by the development of clean energy, advancements in fuel cell technology, and the shift from fossil fuels to natural gas and hydrogen. Governments worldwide are implementing policies to promote hydrogen energy and clean technologies, accelerating the growth of related industries. Key market participants include traditional pressure vessel manufacturers, emerging composite material companies, and major players in the automotive and energy sectors. However, the market is still in its growth phase due to high production costs, technical barriers, and underdeveloped supporting infrastructure.
With the increasing emphasis on carbon neutrality, Type IV composite pressure vessels are expected to play a crucial role in hydrogen storage, transportation, and heavy-duty mobility applications. As material technology advances, production costs decrease, and manufacturing processes improve, the market penetration of these vessels will continue to rise. Additionally, several countries and companies are investing in alternative hydrogen storage technologies such as liquid organic hydrogen carriers (LOHC) and solid-state hydrogen storage, which could create competitive pressure for Type IV pressure vessels. The evolving regulatory landscape in different countries will also shape the global market dynamics.
The growth of the Type IV composite pressure vessel market is primarily driven by government incentives, increasing demand for hydrogen fuel cell vehicles, and the expansion of hydrogen supply from renewable energy sources. Advances in composite material technology have made these vessels lighter and more durable, enhancing their applicability in mobile and stationary storage solutions. However, the market still faces significant challenges, including high initial investment costs, dependence on specific supply chains for key materials, and slow hydrogen infrastructure development. Additionally, stringent safety standards lead to lengthy certification and adoption processes, which can slow market expansion.
This report is a detailed and comprehensive analysis for global Type IV Composite Pressure Vessel market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Type IV Composite Pressure Vessel market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Type IV Composite Pressure Vessel market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Type IV Composite Pressure Vessel market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Type IV Composite Pressure Vessel market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Type IV Composite Pressure Vessel
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Type IV Composite Pressure Vessel market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Luxfer Group, ILJIN Hysolus, Faber Industrie, Worthington Enterprises, Hexagon Purus, Umoe Advanced Composites, NPROXX, Kautex Maschinenbau, Steelhead Composites, Quantum Fuel Systems, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Type IV Composite Pressure Vessel market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Carbon Fiber
Glass Fiber
Market segment by Application
CNG Storage Tank
LPG Storage Tank
Hydrogen Storage Tank
Others
Major players covered
Luxfer Group
ILJIN Hysolus
Faber Industrie
Worthington Enterprises
Hexagon Purus
Umoe Advanced Composites
NPROXX
Kautex Maschinenbau
Steelhead Composites
Quantum Fuel Systems
EKC
Time-Technoplast
Kineco
Faurecia
Beijing Tianhai Industry
Shandong Auyan New Energy Technology
Sinoma Science & Technology
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Type IV Composite Pressure Vessel product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Type IV Composite Pressure Vessel, with price, sales quantity, revenue, and global market share of Type IV Composite Pressure Vessel from 2020 to 2025.
Chapter 3, the Type IV Composite Pressure Vessel competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Type IV Composite Pressure Vessel breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Type IV Composite Pressure Vessel market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Type IV Composite Pressure Vessel.
Chapter 14 and 15, to describe Type IV Composite Pressure Vessel sales channel, distributors, customers, research findings and conclusion.
Table of Contents
132 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Type IV Composite Pressure Vessel by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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