CNG, RNG, and Hydrogen Tank Market Forecast to Grow at 17.25% CAGR, Driven by Asia-Pacific's Strong 34.3% Market Presence | DataM Intelligence

The Global CNG, RNG, and Hydrogen Tank Market is valued at approximately USD 4.63 billion in 2025 and is projected to grow significantly to about USD 10.25 billion by 2030, with a compound annual growth rate (CAGR) of around 17.25% during the forecast period from 2025 to 2030.

This rapid growth is driven by increasing adoption of renewable natural gas (RNG) and hydrogen technologies, stringent environmental regulations fostering cleaner energy sources, government support and subsidies, expanded infrastructure development, and rising awareness of climate change and sustainability in the transportation sector.

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United States: Key Industry Developments
✅ November 2025: New advanced hydrogen tanks by Quantum Fuel Systems LLC were introduced featuring lightweight, resilient Type 4 designs with enhanced safety and aerodynamic integration for automotive and industrial use.

✅ September 2025: Hexagon Agility Inc. expanded its TITAN 450 modules for compressed and renewable natural gas, enabling higher transport capacity and operational efficiency in North American markets.

✅ August 2025: Industry-wide upgrades in automated production lines for CNG and RNG tanks were implemented, improving liner preparation, visual inspection, and automated resin mixing, boosting tank safety and manufacturing efficiency.

Japan: Key Industry Developments
✅ October 2025: Japanese manufacturers increased domestic production of high-strength carbon fiber composite hydrogen tanks, supported by government subsidies aimed at hydrogen infrastructure expansion.

✅ September 2025: Collaborative projects between Japanese automakers and energy firms focused on hydrogen fuel cell vehicle tank innovations, enhancing storage capacity and reducing weight for better fuel efficiency.

✅ July 2025: Japan launched pilot programs integrating RNG tanks in public transportation fleets, promoting sustainable fuel adoption aligned with national decarbonization goals.

Key Merges and Acquisitions (2025):
✅ Hexagon Composites ASA - expanded its clean fuel solutions portfolio by acquiring a 40% stake in Cryoshelter GmbH, an Austrian company specializing in advanced cryogenic tank technology for LNG and liquid hydrogen storage. This strategic investment allowed Hexagon to strengthen its technology and production capacity to meet growing demand for hydrogen and LNG storage solutions.

Market Segmentation Analysis:
-By Gas Type: CNG Leads With Majority Share
Compressed Natural Gas (CNG) dominates the gas type segment with the largest market share, driven by its established infrastructure and wide adoption in natural gas vehicles. Renewable Natural Gas (RNG) and Hydrogen follow, with hydrogen gaining traction due to growing interest in zero-emission fuel alternatives.

-By Material: Metal Tops Due to Strength and Durability
Metal tanks hold the highest market share among material types, favored for their exceptional strength and durability to withstand high pressures and harsh environmental conditions. Carbon fiber and glass fiber represent smaller but fast-growing segments, valued for their lightweight and performance advantages.

-By Tank Type: Type 4 is the Fastest Growing Leader
Type 4 tanks dominate the tank type segment, combining lightweight with high strength, ideal for automotive and aerospace applications where weight reduction is critical. Types 1, 2, and 3 have smaller shares as the market favors advanced composite tank technologies like Type 4.

-By Application: Fuel Tank Segment Commands Market
The fuel tank segment leads application-wise, constituting the largest share due to growing demand for fueled vehicles and safety regulations. Transportation tanks hold a smaller share, used mainly for industrial transport of compressed gases.

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Growth Drivers:
-Increasing adoption of alternative and clean fuels is driven by rising environmental awareness and government initiatives promoting decarbonization.

-Key factors are the growing demand for natural gas and hydrogen vehicles, increasing tax incentives for CNG and hydrogen infrastructure, and advancements in lightweight, durable composite materials, enhancing tank safety and economic feasibility.

-The expanding transportation sector's shift toward cleaner energy sources, along with innovations in tank technology and strategic partnerships, also significantly contributes to market growth.

-Additionally, the global push for sustainability and climate change awareness spurs demand for these eco-friendly tanks.

-Government subsidies and clean fuel policies worldwide stimulate adoption and infrastructure development, further boosting market expansion.

Regional Insights:
-Asia-Pacific: The Asia-Pacific region dominates the global CNG, RNG, and hydrogen tanks market, holding a revenue share of 34.3% in 2025. It is also projected to be the fastest-growing market, with a projected CAGR of 23% during the 2026-2033 forecast period. The region's growth is driven by significant government incentives, a well-established CNG and hydrogen infrastructure, and strong demand in countries like China, India, and Japan for clean energy vehicles and industrial applications.

-North America: North America is a major market for these tanks, with strong demand for RNG in particular. The U.S. market holds a significant share, driven by favorable government policies and investments in clean energy infrastructure. The region benefits from increasing tax incentives for CNG vehicles and high demand for RNG transportation and industrial applications.

-Europe: Europe holds a substantial market share, driven by strict environmental regulations, ambitious climate targets, and strong policy support for hydrogen and RNG technologies. Countries such as Germany, France, and the UK are leading the deployment of these solutions across transportation, industrial, and energy storage sectors.

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Key Players:
Luxfer Holdings PLC | Worthington Industries, Inc. | AVANCO GmbH | Quantum Fuel Systems LLC | Faber Industrie SpA | CIMC ENRIC | Linde PLC | NPROXX | Beijing Tianhai Industry Co. Ltd | Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd

Key Highlights (Top 5 Key Players) for CNG, RNG and Hydrogen Tank Market:
-Worthington Industries, Inc. reported market revenues contributing significantly to the global market valued around USD 2.6 billion in 2025, with strong growth in CNG and hydrogen tanks driven by automotive and clean fuel demand.

-Luxfer Holdings PLC specializes in aluminum-lined and composite tanks, holding a prominent position with substantial revenues supported by their innovative tank systems for commercial and aerospace applications.

-Quantum Fuel Systems LLC is a vital player in the market, driving growth with advanced fuel storage solutions, benefiting from the increasing demand for natural gas vehicles and hydrogen storage.

-AVANCO GmbH holds a key market position with significant contributions through composite cylinders, catering to the evolving clean energy and transportation sectors.

-CIMC ENRIC and Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd also report notable revenues as major manufacturers of advanced storage solutions for CNG, RNG, and hydrogen tanks supporting the expanding global market.

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