ProcureHub · Direct Materials · Global

Tanks & Cylinders: Market Size & Forecast 2026

The global tanks and cylinders market sits at approximately USD 8.5 billion in 2025 (base year), held in a structurally balanced state between mature industrial gas and LPG replacement demand, accelerating CNG and hydrogen vehicle-specification growth, and a composite-overwrapped pressure vessel (COPV) technology transition that is re-pricing the production cost curve. Steel and aluminum feedstock costs remain the dominant input variable; carbon fiber pricing is the swing cost for the fastest-growing Type IV segment. > Synthesised from secondary and publicly verifiable sources via Claight Category Watch:

Market size · 2025

$8.50bn

CAGR · 2025–2030

5.2%

Forecast · 2030

$11.0bn

Basis

Claight Analysis

Market size (USD)

Base year 2025

Official data · Claight AnalysisForecast

Market size and CAGR extracted from the published Claight report; figures match the report..

Forecast

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2025 base: $8.5bn2032 est: $12.1bn

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Market size and forecast are Claight Analysis, informed by public research and industry data. Historical years before 2025 and all forecast years are Claight estimates at the stated CAGR. Retrieved 2026.