Global Type IV Composite Pressure Vessel Market Growth 2025-2031

The global Type IV Composite Pressure Vessel market size is predicted to grow from US$ 282 million in 2025 to US$ 375 million in 2031; it is expected to grow at a CAGR of 4.9% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Type IV Composite Pressure Vessel Industry Forecast” looks at past sales and reviews total world Type IV Composite Pressure Vessel sales in 2024, providing a comprehensive analysis by region and market sector of projected Type IV Composite Pressure Vessel sales for 2025 through 2031. With Type IV Composite Pressure Vessel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Type IV Composite Pressure Vessel industry.

This Insight Report provides a comprehensive analysis of the global Type IV Composite Pressure Vessel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Type IV Composite Pressure Vessel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Type IV Composite Pressure Vessel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Type IV Composite Pressure Vessel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Type IV Composite Pressure Vessel.

This report presents a comprehensive overview, market shares, and growth opportunities of Type IV Composite Pressure Vessel market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Carbon Fiber
Glass Fiber

Segmentation by Application:
CNG Storage Tank
LPG Storage Tank
Hydrogen Storage Tank
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Type IV Composite Pressure Vessel market?

What factors are driving Type IV Composite Pressure Vessel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Type IV Composite Pressure Vessel market opportunities vary by end market size?

How does Type IV Composite Pressure Vessel break out by Type, by Application?

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