CNG, RNG and Hydrogen Tanks - Global Stategic Business Report

The global market for CNG, RNG and Hydrogen Tanks was estimated at US$2.9 Billion in 2024 and is projected to reach US$5.1 Billion by 2030, growing at a CAGR of 10.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the CNG, RNG and Hydrogen Tanks market.

Global CNG, RNG, and Hydrogen Tanks Market - Key Trends & Drivers Summarized

Why Is the Market for CNG, RNG, and Hydrogen Tanks Growing Rapidly?

The demand for Compressed Natural Gas (CNG), Renewable Natural Gas (RNG), and Hydrogen Tanks is on the rise, driven by the global transition toward cleaner fuel alternatives. Governments worldwide are aggressively promoting the adoption of low-emission fuels, leading to increased investments in infrastructure for CNG, RNG, and hydrogen fuel storage. Stringent environmental regulations, carbon neutrality targets, and growing consumer awareness regarding greenhouse gas (GHG) emissions have also led to a substantial surge in demand. In addition, advancements in tank manufacturing technologies, such as lightweight composite materials and enhanced safety mechanisms, have contributed to the increased feasibility of widespread adoption. A significant trend shaping the market is the shift towards renewable natural gas (RNG) and green hydrogen as sustainable alternatives to conventional fossil fuels. RNG, derived from organic waste, is gaining traction, especially in the transportation sector, due to its near-zero carbon footprint. Meanwhile, hydrogen is emerging as a key component of the clean energy ecosystem, supported by declining costs of electrolysis and innovations in hydrogen storage. Consequently, industry players are focusing on developing high-pressure storage solutions capable of meeting safety and efficiency standards.

What Are the Innovations in Tank Technology and Materials?

The advancement in composite tank technologies has been a game-changer in the storage of CNG, RNG, and hydrogen. Traditionally, metal tanks were used, but they were heavy and inefficient for high-pressure gas storage. The development of Type III and Type IV composite tanks, which use carbon fiber-reinforced polymer (CFRP) and thermoplastic liners, has led to improved performance characteristics, including higher pressure endurance, reduced weight, and longer lifespans. These innovations are particularly critical in the automotive, aerospace, and industrial sectors, where lightweight solutions are necessary for optimal fuel efficiency. Furthermore, modular storage solutions have become increasingly popular, enabling easier scalability for refueling stations and transportation fleets. Hydrogen storage, in particular, presents unique challenges due to its lower energy density per volume, necessitating cryogenic storage and metal hydride-based solutions. Several industry leaders are investing in next-generation solid-state hydrogen storage technologies, which promise greater energy density, improved safety, and cost-effectiveness. As manufacturing techniques evolve, production costs of these advanced tanks are gradually declining, making adoption more economically viable across multiple industries.

Which Sectors Are Driving the Demand for Advanced Fuel Tanks?

The transportation sector is at the forefront of demand for CNG, RNG, and hydrogen tanks, primarily due to the growing adoption of alternative-fuel vehicles. The push toward zero-emission mobility, stringent fuel efficiency norms, and government incentives have accelerated the deployment of hydrogen fuel cell vehicles (FCEVs), compressed natural gas (CNG) buses, and RNG-powered heavy-duty trucks. Countries like the United States, Germany, China, and Japan have announced ambitious hydrogen mobility plans, fueling investments in high-capacity, lightweight tank solutions. Additionally, the marine and aviation industries are exploring hydrogen-based propulsion systems, necessitating robust hydrogen storage infrastructures. Power generation is another key area witnessing increased adoption, as industries look toward hydrogen as an energy carrier for grid balancing and backup power solutions. The rise of green hydrogen projects backed by large-scale investments from governments and private players is further bolstering demand for advanced hydrogen storage tanks. Beyond transportation and energy, industrial applications such as manufacturing, chemical processing, and metal refining rely on hydrogen as a feedstock. The shift towards low-carbon production processes has led to an uptick in hydrogen consumption, necessitating the deployment of high-pressure storage and distribution solutions. In parallel, RNG is increasingly being integrated into natural gas pipelines, requiring specialized storage solutions for effective distribution.

What Are the Key Growth Drivers of This Market?

The growth in the CNG, RNG, and Hydrogen Tanks market is driven by several factors, including technological advancements, regulatory mandates, and increased infrastructure investments. The transition to cleaner fuels, backed by government subsidies and carbon pricing mechanisms, is significantly accelerating the demand for efficient gas storage solutions. Additionally, innovations in fuel cell technology, hydrogen refueling stations, and RNG processing facilities are further catalyzing market expansion. Consumer behavior is also shifting towards sustainability, prompting automakers, fleet operators, and energy companies to invest in greener alternatives. The rise of public-private partnerships in developing hydrogen corridors and CNG/RNG fueling networks is another crucial driver. Falling costs of renewable energy and electrolyzers are making hydrogen production more affordable, directly impacting the storage tank market by increasing adoption across multiple industries. Moreover, rising investments in R&D and strategic collaborations among key market players are leading to improved storage efficiencies and cost reductions. For instance, the development of liquid organic hydrogen carriers (LOHCs) and solid-state hydrogen storage solutions is poised to revolutionize the industry. As global efforts towards carbon neutrality and energy security intensify, the demand for CNG, RNG, and hydrogen tanks is expected to witness an upward trajectory, setting the stage for robust market expansion by 2030.

Report Scope

The report analyzes the CNG, RNG and Hydrogen Tanks market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Material Type (Metal Tanks, Glass Fiber Tanks, Carbon Fiber Tanks); Tank Type (Type 1 Tanks, Type 2 Tanks, Type 3 Tanks, Type 4 Tanks); Gas Type (CNG Tanks, RNG Tanks, Hydrogen Gas Tanks); Application (Fuel Tank Application, Transportation Tank Application)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Metal Tanks segment, which is expected to reach US$2.4 Billion by 2030 with a CAGR of a 11.7%. The Glass Fiber Tanks segment is also set to grow at 9.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $785.8 Million in 2024, and China, forecasted to grow at an impressive 13.9% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global CNG, RNG and Hydrogen Tanks Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global CNG, RNG and Hydrogen Tanks Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global CNG, RNG and Hydrogen Tanks Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Agility Fuel Solutions, Avanco Group, Beijing Tianhai Industry Co. Ltd., CIMC Enric Holdings Limited, Doosan Mobility Innovation Co. Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 34 Featured):

• Agility Fuel Solutions
• Avanco Group
• Beijing Tianhai Industry Co. Ltd.
• CIMC Enric Holdings Limited
• Doosan Mobility Innovation Co. Ltd.
• Everest Kanto Cylinders Ltd.
• Faber Industrie SpA
• FIBA Technologies Inc.
• Hexagon Composites ASA
• Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
• Luxfer Group
• NPROXX B.V.
• Praxair Technologies Inc.
• Quantum Fuel Systems LLC
• Rama Cylinders Private Limited
• Sahuwala Cylinders Ltd.
• Steelhead Composites Inc.
• Ullit SA
• Worthington Industries, Inc.
• Xinyi Beijing Tianhai Industry Co. Ltd.

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry