CNG Tank Market - Top Companies and Manufacturers

Companies Dominating the CNG Tank Market

Luxfer Holdings PLC
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Worthington Industries, Inc.
Quantum Fuel Systems LLC
Hexagon Composites ASA
Xinyi Beijing Tianhai Industry Co. Ltd.
Praxair Technologies Inc.
Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
Avanco Group
Everest Kanto Cylinders Ltd.
Faber Industrie SpA

Browse Key Market Insights with Data Illustration:

Compressed Natural Gas (CNG) Tank Market Size & Share, Growth Analysis 2037

In the News

Luxfer Holdings announced that it has acquired the “Structural Composites Industries” business of Worthington Industries in a deal worth USD 20 million. The aim of this acquisition enhances Luxfer's composite cylinder options and is in line with recent investments made to develop alternative fuel capabilities to take advantage of the expanding potential for compressed natural gas (CNG) and hydrogen.
Quantum Fuel Systems LLC, a fully integrated alternative energy company, in partnership with Permian Global, Inc. d/b/a CORE Automatic Fueling Solutions (CORE) delivered six of the industry-leading virtual pipeline trailers for natural gas.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of compressed natural gas tank is assessed at USD 12.75 billion.

The compressed natural gas tank market size was over USD 11.9 billion in 2024 and is expected to reach USD 35.89 billion by the end of 2037, growing at around 8.8% CAGR during the forecast period i.e., between 2025-2037. Rising demand for clean fuel on a global level and the strict government guidelines for pollution will boost the market growth.

Asia Pacific is predicted to account for the largest share of 32% by 2037, impelled by high usage of CNG vehicles, along with growing sale of light-duty &Ã‚Â commercial vehiclesÃ‚Â in this region.

The major players in the market include Luxfer Holdings PLC, Worthington Industries, Inc., Quantum Fuel Systems LLC, Hexagon Composites ASA, Xinyi Beijing Tianhai Industry Co. Ltd., Praxair Technologies Inc., Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Avanco Group, Everest Kanto Cylinders Ltd., Faber Industrie SpA.

CNG Tank Market - Top Companies and Manufacturers

Companies Dominating the CNG Tank Market

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How much is the compressed natural gas tank market worth?

Why is the demand for compressed natural gas tank growing?

Which region dominated the majority of compressed natural gas tank industry share?

Who are the top compressed natural gas tank companies?