Fully Wrapped Composite Cylinders Research: the global market size is projected to reach USD 2.37 billion by 2031

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Fully Wrapped Composite Cylinders- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Fully Wrapped Composite Cylinders market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Fully Wrapped Composite Cylinders was estimated to be worth US$ 769 million in 2024 and is forecast to a readjusted size of US$ 2368 million by 2031 with a CAGR of 18.5% during the forecast period 2025-2031.

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Fully Wrapped Composite Cylinders Market Summary

In the global pursuit of lightweighting, high-pressure storage and transportation, and energy efficiency, fully wrapped composite cylinders have become a revolutionary solution. From hydrogen fuel cell vehicles and aerospace high-pressure gas storage to fire emergency response (SCBA) and medical oxygen applications, these Type III cylinders (and Type IV with non-metallic liner), combining an aluminum liner with high-performance carbon fiber, are rapidly replacing traditional steel cylinders with their superior strength-to-weight ratio and safety performance.

For example, recent technological advancements are reflected not only in the widespread application of 300 bar high-pressure Type III carbon fiber composite cylinders in emergency medical services, where their unlimited lifespan (NLL) and extended re-inspection interval (10 years) significantly reduce operating costs, but also in key technological breakthroughs and widespread adoption of 70 MPa high-pressure hydrogen storage systems, providing core support for the global new energy vehicle and energy storage industries. The integration of Internet of Things (IoT) technologies, such as the introduction of smart cylinders, also heralds a new stage in the industry's transition to digital management. To help companies accurately grasp this huge market opportunity driven by technological innovation, QYResearch combines the latest technological development trends and market data to launch the "Global Fully Wrapped Composite Cylinders Market Report 2025-2031"

Fully wrapped composite cylinders are high-strength pressure vessels made by wrapping a non-load-bearing liner, typically made of plastic or metal, with continuous fiber reinforcements such as carbon fiber, fiberglass, or aramid, embedded in a resin matrix. The full wrapping of the composite material provides structural integrity and allows the cylinder to withstand high pressures while remaining lightweight. These cylinders are commonly used in applications such as compressed natural gas (CNG) storage, breathing apparatus, and hydrogen fuel systems.

According to the new market research report "Global Fully Wrapped Composite Cylinders Market Report 2025-2031", published by QYResearch, the global Fully Wrapped Composite Cylinders market size is projected to reach USD 2.37 billion by 2031, at a CAGR of 18.45% during the forecast period.

Market Development Opportunities & Main Driving Factors

Fully wrapped composite cylinders, as critical pressure vessels in hydrogen fuel cell vehicles, natural gas vehicles, and portable energy storage, are witnessing unprecedented growth opportunities. According to annual reports from leading hydrogen energy companies, global carbon neutrality strategies are accelerating investments across the hydrogen value chain, particularly in transportation and distributed energy applications, driving surging demand for high-pressure and lightweight cylinders. With their high strength, low weight, and excellent safety performance, fully wrapped composite cylinders have become a strategic focus for automakers and energy enterprises. Moreover, government policy incentives act as a strong driver, with the European Union, the United States, and China all rolling out measures to accelerate hydrogen fuel cell vehicle adoption and related infrastructure, directly boosting the composite cylinder market.

Market Challenges, Risks, & Restraints

Despite the vast potential, the fully wrapped composite cylinder industry faces high production costs and technical barriers. Annual reports and brokerage research note that carbon fiber, a key raw material, experiences significant price fluctuations, while the manufacturing process is complex, resulting in persistently high costs. Additionally, varying safety standards and certification systems across regions complicate cross-border sales. Furthermore, the adoption of hydrogen and natural gas vehicles still depends on the pace of refueling infrastructure development; any delays in downstream ecosystem construction may limit demand growth. These challenges highlight that industry players must balance scaling up with cost control, regulatory compliance, and market cultivation.

Downstream Demand Trends

Downstream demand is diversifying and upgrading. The automotive sector remains the dominant application, with mass production of hydrogen fuel cell vehicles driving rapid demand growth for large-capacity and high-pressure composite cylinders. Meanwhile, emerging applications in distributed energy, portable storage, and industrial gas containment are gradually unlocking potential. Against the backdrop of energy security concerns and the global shift toward clean energy, demand for lightweight and high-safety composite cylinders is becoming more urgent. Brokerage reports suggest that in the coming years, as hydrogen infrastructure matures and supportive policies continue, downstream demand will stabilize and expand beyond transportation into integrated energy solutions, creating long-term growth opportunities for the industry.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Fully Wrapped Composite Cylinders market is segmented as below:
By Company
Hexagon Purus
Sinoma Science and Technology
Luxfer Group
Forvia
OPmobility
ILJIN Hysolus
Beijing Tianhai Industry
Toyota
Faber Industrie
GuofuHee
Worthington Enterprises
Quantum Fuel Systems
Anhui Clean Energy
Hengyang JinHua
NPROXX
Everest Kanto Cylinders
YOUON
Umoe Advanced Composites
CTC
Steelhead Composites
Time Technoplast
Doosan Mobility Innovation
AMS Composite Cylinders

Segment by Type
Type III
Type IV

Segment by Application
Automotive and Transportation
Industrial and Medical
Energy Industry
Aerospace & Defence
Others

Each chapter of the report provides detailed information for readers to further understand the Fully Wrapped Composite Cylinders market:

Chapter 1: Introduces the report scope of the Fully Wrapped Composite Cylinders report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Fully Wrapped Composite Cylinders manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Fully Wrapped Composite Cylinders market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Fully Wrapped Composite Cylinders in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Fully Wrapped Composite Cylinders in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Fully Wrapped Composite Cylinders competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Fully Wrapped Composite Cylinders comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Fully Wrapped Composite Cylinders market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

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