What is the current valuation of the US CNG tank cylinder market?

The US CNG tank cylinder market was valued at 392.76 USD Million in 2024. Read More

What is the projected market valuation for the US CNG tank cylinder market in 2035?

The market is projected to reach 1143.44 USD Million by 2035. Read More

What is the expected CAGR for the US CNG tank cylinder market during the forecast period?

The expected CAGR for the market from 2025 to 2035 is 10.2%. Read More

Which companies are considered key players in the US CNG tank cylinder market?

Key players include Hexagon Composites, Worthington Industries, Luxfer Gas Cylinders, and others. Read More

What are the main applications of CNG tank cylinders in the US market?

Main applications include transportation, industrial, commercial, and residential sectors. Read More

How does the market perform in terms of cylinder types?

The market segments by cylinder type include Type 1, Type 2, Type 3, and Type 4, with varying valuations. Read More

What is the valuation range for CNG tank cylinders made from different materials?

Steel cylinders range from 150.0 to 400.0 USD Million, while aluminum and composite cylinders range from 100.0 to 493.44 USD Million. Read More

What are the projected valuations for CNG tank cylinders based on pressure ratings?

Valuations for pressure ratings are 78.55 to 224.12 USD Million for low pressure, and 196.38 to 583.14 USD Million for high pressure. Read More

Which end-use segments are driving the demand for CNG tank cylinders?

Demand is driven by public transportation, freight transport, personal vehicles, and power generation. Read More

What trends are expected to shape the US CNG tank cylinder market in the coming years?

Trends may include increased adoption in transportation and power generation, driven by environmental considerations. Read More

US CNG Tank Cylinder Market

ID: MRFR/CnM/16088-HCR

100 Pages

Garvit Vyas

Last Updated: April 24, 2026

Summary Table of Contents Segmentation Download PDF

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1 SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
1. 1.1 EXECUTIVE SUMMARY
  1. 1.1.1 Market Overview
  2. 1.1.2 Key Findings
  3. 1.1.3 Market Segmentation
  4. 1.1.4 Competitive Landscape
  5. 1.1.5 Challenges and Opportunities
  6. 1.1.6 Future Outlook
2 SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
1. 2.1 MARKET INTRODUCTION
  1. 2.1.1 Definition
  2. 2.1.2 Scope of the study
    1. 2.1.2.1 Research Objective
    2. 2.1.2.2 Assumption
    3. 2.1.2.3 Limitations
2. 2.2 RESEARCH METHODOLOGY
  1. 2.2.1 Overview
  2. 2.2.2 Data Mining
  3. 2.2.3 Secondary Research
  4. 2.2.4 Primary Research
    1. 2.2.4.1 Primary Interviews and Information Gathering Process
    2. 2.2.4.2 Breakdown of Primary Respondents
  5. 2.2.5 Forecasting Model
  6. 2.2.6 Market Size Estimation
    1. 2.2.6.1 Bottom-Up Approach
    2. 2.2.6.2 Top-Down Approach
  7. 2.2.7 Data Triangulation
  8. 2.2.8 Validation
3 SECTION III: QUALITATIVE ANALYSIS
1. 3.1 MARKET DYNAMICS
  1. 3.1.1 Overview
  2. 3.1.2 Drivers
  3. 3.1.3 Restraints
  4. 3.1.4 Opportunities
2. 3.2 MARKET FACTOR ANALYSIS
  1. 3.2.1 Value chain Analysis
  2. 3.2.2 Porter's Five Forces Analysis
    1. 3.2.2.1 Bargaining Power of Suppliers
    2. 3.2.2.2 Bargaining Power of Buyers
    3. 3.2.2.3 Threat of New Entrants
    4. 3.2.2.4 Threat of Substitutes
    5. 3.2.2.5 Intensity of Rivalry
  3. 3.2.3 COVID-19 Impact Analysis
    1. 3.2.3.1 Market Impact Analysis
    2. 3.2.3.2 Regional Impact
    3. 3.2.3.3 Opportunity and Threat Analysis
4 SECTION IV: QUANTITATIVE ANALYSIS
1. 4.1 Chemicals and Materials, BY Application (USD Million)
  1. 4.1.1 Transportation
  2. 4.1.2 Industrial
  3. 4.1.3 Commercial
  4. 4.1.4 Residential
2. 4.2 Chemicals and Materials, BY End Use (USD Million)
  1. 4.2.1 Public Transportation
  2. 4.2.2 Freight Transport
  3. 4.2.3 Personal Vehicles
  4. 4.2.4 Power Generation
3. 4.3 Chemicals and Materials, BY Cylinder Type (USD Million)
  1. 4.3.1 Type 1
  2. 4.3.2 Type 2
  3. 4.3.3 Type 3
  4. 4.3.4 Type 4
4. 4.4 Chemicals and Materials, BY Material (USD Million)
  1. 4.4.1 Steel
  2. 4.4.2 Aluminum
  3. 4.4.3 Composite
5. 4.5 Chemicals and Materials, BY Pressure Rating (USD Million)
  1. 4.5.1 Low Pressure
  2. 4.5.2 Medium Pressure
  3. 4.5.3 High Pressure
5 SECTION V: COMPETITIVE ANALYSIS
1. 5.1 Competitive Landscape
  1. 5.1.1 Overview
  2. 5.1.2 Competitive Analysis
  3. 5.1.3 Market share Analysis
  4. 5.1.4 Major Growth Strategy in the Chemicals and Materials
  5. 5.1.5 Competitive Benchmarking
  6. 5.1.6 Leading Players in Terms of Number of Developments in the Chemicals and Materials
  7. 5.1.7 Key developments and growth strategies
    1. 5.1.7.1 New Product Launch/Service Deployment
    2. 5.1.7.2 Merger & Acquisitions
    3. 5.1.7.3 Joint Ventures
  8. 5.1.8 Major Players Financial Matrix
    1. 5.1.8.1 Sales and Operating Income
    2. 5.1.8.2 Major Players R&D Expenditure. 2023
2. 5.2 Company Profiles
  1. 5.2.1 Hexagon Composites (NO)
    1. 5.2.1.1 Financial Overview
    2. 5.2.1.2 Products Offered
    3. 5.2.1.3 Key Developments
    4. 5.2.1.4 SWOT Analysis
    5. 5.2.1.5 Key Strategies
  2. 5.2.2 Worthington Industries (US)
    1. 5.2.2.1 Financial Overview
    2. 5.2.2.2 Products Offered
    3. 5.2.2.3 Key Developments
    4. 5.2.2.4 SWOT Analysis
    5. 5.2.2.5 Key Strategies
  3. 5.2.3 Luxfer Gas Cylinders (GB)
    1. 5.2.3.1 Financial Overview
    2. 5.2.3.2 Products Offered
    3. 5.2.3.3 Key Developments
    4. 5.2.3.4 SWOT Analysis
    5. 5.2.3.5 Key Strategies
  4. 5.2.4 Praxair (US)
    1. 5.2.4.1 Financial Overview
    2. 5.2.4.2 Products Offered
    3. 5.2.4.3 Key Developments
    4. 5.2.4.4 SWOT Analysis
    5. 5.2.4.5 Key Strategies
  5. 5.2.5 Parker Hannifin (US)
    1. 5.2.5.1 Financial Overview
    2. 5.2.5.2 Products Offered
    3. 5.2.5.3 Key Developments
    4. 5.2.5.4 SWOT Analysis
    5. 5.2.5.5 Key Strategies
  6. 5.2.6 Cylinders Holding (US)
    1. 5.2.6.1 Financial Overview
    2. 5.2.6.2 Products Offered
    3. 5.2.6.3 Key Developments
    4. 5.2.6.4 SWOT Analysis
    5. 5.2.6.5 Key Strategies
  7. 5.2.7 Quantum Fuel Systems (US)
    1. 5.2.7.1 Financial Overview
    2. 5.2.7.2 Products Offered
    3. 5.2.7.3 Key Developments
    4. 5.2.7.4 SWOT Analysis
    5. 5.2.7.5 Key Strategies
  8. 5.2.8 Pioneer Energy (US)
    1. 5.2.8.1 Financial Overview
    2. 5.2.8.2 Products Offered
    3. 5.2.8.3 Key Developments
    4. 5.2.8.4 SWOT Analysis
    5. 5.2.8.5 Key Strategies
  9. 5.2.9 Ariel Corporation (US)
    1. 5.2.9.1 Financial Overview
    2. 5.2.9.2 Products Offered
    3. 5.2.9.3 Key Developments
    4. 5.2.9.4 SWOT Analysis
    5. 5.2.9.5 Key Strategies
3. 5.3 Appendix
  1. 5.3.1 References
  2. 5.3.2 Related Reports
6 LIST OF FIGURES
1. 6.1 MARKET SYNOPSIS
2. 6.2 US MARKET ANALYSIS BY APPLICATION
3. 6.3 US MARKET ANALYSIS BY END USE
4. 6.4 US MARKET ANALYSIS BY CYLINDER TYPE
5. 6.5 US MARKET ANALYSIS BY MATERIAL
6. 6.6 US MARKET ANALYSIS BY PRESSURE RATING
7. 6.7 KEY BUYING CRITERIA OF CHEMICALS AND MATERIALS
8. 6.8 RESEARCH PROCESS OF MRFR
9. 6.9 DRO ANALYSIS OF CHEMICALS AND MATERIALS
10. 6.10 DRIVERS IMPACT ANALYSIS: CHEMICALS AND MATERIALS
11. 6.11 RESTRAINTS IMPACT ANALYSIS: CHEMICALS AND MATERIALS
12. 6.12 SUPPLY / VALUE CHAIN: CHEMICALS AND MATERIALS
13. 6.13 CHEMICALS AND MATERIALS, BY APPLICATION, 2024 (% SHARE)
14. 6.14 CHEMICALS AND MATERIALS, BY APPLICATION, 2024 TO 2035 (USD Million)
15. 6.15 CHEMICALS AND MATERIALS, BY END USE, 2024 (% SHARE)
16. 6.16 CHEMICALS AND MATERIALS, BY END USE, 2024 TO 2035 (USD Million)
17. 6.17 CHEMICALS AND MATERIALS, BY CYLINDER TYPE, 2024 (% SHARE)
18. 6.18 CHEMICALS AND MATERIALS, BY CYLINDER TYPE, 2024 TO 2035 (USD Million)
19. 6.19 CHEMICALS AND MATERIALS, BY MATERIAL, 2024 (% SHARE)
20. 6.20 CHEMICALS AND MATERIALS, BY MATERIAL, 2024 TO 2035 (USD Million)
21. 6.21 CHEMICALS AND MATERIALS, BY PRESSURE RATING, 2024 (% SHARE)
22. 6.22 CHEMICALS AND MATERIALS, BY PRESSURE RATING, 2024 TO 2035 (USD Million)
23. 6.23 BENCHMARKING OF MAJOR COMPETITORS
7 LIST OF TABLES
1. 7.1 LIST OF ASSUMPTIONS
7.1.1
1. 7.2 US MARKET SIZE ESTIMATES; FORECAST
  1. 7.2.1 BY APPLICATION, 2026-2035 (USD Million)
  2. 7.2.2 BY END USE, 2026-2035 (USD Million)
  3. 7.2.3 BY CYLINDER TYPE, 2026-2035 (USD Million)
  4. 7.2.4 BY MATERIAL, 2026-2035 (USD Million)
  5. 7.2.5 BY PRESSURE RATING, 2026-2035 (USD Million)
2. 7.3 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
7.3.1
1. 7.4 ACQUISITION/PARTNERSHIP
7.4.1

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US US CNG Tank Cylinder Market Segmentation

US CNG Tank Cylinder Market By Application (USD Million, 2022-2035)

Transportation
Industrial
Commercial
Residential

US CNG Tank Cylinder Market By End Use (USD Million, 2022-2035)

Public Transportation
Freight Transport
Personal Vehicles
Power Generation

US CNG Tank Cylinder Market By Cylinder Type (USD Million, 2022-2035)

Type 1
Type 2
Type 3
Type 4

US CNG Tank Cylinder Market By Material (USD Million, 2022-2035)

Steel
Aluminum
Composite

US CNG Tank Cylinder Market By Pressure Rating (USD Million, 2022-2035)

Low Pressure
Medium Pressure
High Pressure

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