Global carbon fiber composite hydrogen storage bottle market may reach 3 billion U.S. dollars in 2026

    With the rapid increase in CO2 emissions from the global transportation sector and other application sectors, various economies are actively implementing strict environmental protection standards and laws, and people’s attention has gradually shifted to alternative technologies that rely less on fossil fuels. The popularity of electric vehicles has become inevitable.

Electric transportation has brought a revolution to the automotive industry. Pure electric vehicles, hybrid vehicles, and hydrogen fuel cell vehicles are gradually winning the favor of customers. Compared with traditional fuel vehicles, fuel cell vehicles can reduce CO2 emissions by 30% during their entire life cycle. They do not require large batteries, avoiding the consumption of a lot of energy and resources. In terms of storage, hydrogen fuel cell vehicle manufacturers prefer to use composite containers instead of metal containers to store hydrogen.

Statistics show that global electric vehicle production reached 7 million in 2019, and hydrogen fuel cell vehicles accounted for less than 1%. But in 2020, this exponentially growing market is facing a huge and unexpected obstacle-the pandemic of the new crown epidemic. In one year, the market growth has been sluggish. However, starting from 2021, the market development will accelerate into the fast lane, and is expected to reach a scale of 3 billion US dollars in 2026.

According to the type of application, the market can be subdivided into areas such as transportation, gas storage & distribution. Toyota Mirai, Hyundai Nexo and Honda Clarity are the mainstream of hydrogen fuel cell vehicles in the current market. Despite the raging new crown epidemic, companies such as Hexagon Composites ASA, ILJIN Composites, Plastic Omnium and Luxfer Holdings PLC have signed new orders in the composite hydrogen storage tank market.

According to the type of storage tank, the market can be divided into Type III bottle and Type IV bottle market. The III bottle is expected to achieve rapid growth in the next 5 years. The main market is China; the IV type bottle is expected to achieve a leading position in the market in 2026. The main markets are Japan and South Korea. The main advantages are weight reduction, no corrosion, fatigue resistance, and high Storage density, low cost.

According to geographical analysis, as of 2026, the Asia-Pacific region will continue to maintain its market dominance; during the same period, Europe will also experience unprecedented rapid growth in history. As the world's largest truck producer, China is focusing on the research and development of hydrogen fuel cell heavy trucks. Europe has formulated a number of policies and has continuously increased investment in the development of clean energy, laying the foundation for rapid growth in the next few years.

Hebei Yuniu Fiberglass Manufacturing Company Limited is a fiberglass material manufacturer with over 10-year experience, 7- year exporting experience.

We are manufacturer of fiberglass raw materials, Such asfiberglass roving, fiberglass yarn, fiberglass chopped strand mat, fiberglass chopped strands, fiberglass black mat, fiberglass woven roving, fiberglass fabric, fiberglass cloth..And so on.

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