PUBLISHER: QYResearch | PRODUCT CODE: 1873530
PUBLISHER: QYResearch | PRODUCT CODE: 1873530
The global market for CNG Tank (CNG Cylinder) was estimated to be worth US$ 1324 million in 2024 and is forecast to a readjusted size of US$ 2244 million by 2031 with a CAGR of 8.2% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on CNG Tank (CNG Cylinder) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
A CNG Tank (CNG Cylinder) is a high-pressure vessel used to store and transport compressed natural gas (CNG) safely. It is typically manufactured from high-strength steel, aluminum alloys, or composite materials reinforced with carbon or glass fibers. These containers can withstand working pressures up to 20-25 MPa and are widely used in vehicles, fueling stations, and storage facilities to deliver CNG as a clean energy source.
CNG Tanks (Compressed Natural Gas Cylinders) are critical high-pressure vessels designed to store and transport compressed natural gas for vehicle fuel systems and industrial applications. As natural gas adoption grows in emerging markets, the demand for safe, lightweight, and high-capacity cylinders is steadily expanding.
CNG cylinders are classified by structure and material into four main types:
Type I (All-steel cylinders): Rugged and affordable, widely used in low-cost applications.
Type II (Steel liner with hoop-wound fiberglass): Mid-level weight reduction and cost efficiency.
Type III (Aluminum liner fully wrapped with composite fiber): Significantly lighter and corrosion-resistant, suited for commercial vehicles.
Type IV (Plastic liner fully wrapped with carbon fiber): Ultra-lightweight, best fatigue performance, but the highest cost, used in long-range applications.
In India, Pakistan, Argentina, and parts of China, CNG vehicle fleets have expanded rapidly, supported by fuel savings and emission policies. India has become one of the fastest-growing markets, with double-digit annual growth. In China, the focus is shifting from fleet expansion to replacement cycles, stricter safety standards, and adoption of lighter composite cylinders.
Key trends driving the market include higher working pressures (moving toward 250-300 bar), growing Type III/IV adoption, integration of RFID and smart monitoring sensors, and development of dual-use storage solutions for hydrogen and CNG.
Global leaders like Hexagon Composites, Luxfer, Worthington, and Faber dominate high-end composite cylinder supply, while Chinese producers have scaled production of steel and mid-tier composite types but still rely on imported carbon fiber for advanced Type IV models.
This report aims to provide a comprehensive presentation of the global market for CNG Tank (CNG Cylinder), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of CNG Tank (CNG Cylinder) by region & country, by Type, and by Application.
The CNG Tank (CNG Cylinder) market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding CNG Tank (CNG Cylinder).
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, 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.
Chapter 2: Detailed analysis of CNG Tank (CNG Cylinder) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various 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.
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.
Chapter 5: Sales, revenue of CNG Tank (CNG Cylinder) 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.
Chapter 6: Sales, revenue of CNG Tank (CNG Cylinder) in country level. It provides sigmate data by Type, and by Application for each country/region.
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.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.