>Carbon fibers is great for lightweight things that need to bend, terrible for things to be relied under pressure.
Composite Overwrapped Pressure Vessels (COPVs) are fairly common in cases where a pressurized system needs to be relatively lightweight (e.g., spacecraft). To your point though, the failure mechanisms can be hard to model.
Take this with a grain of salt because I worked on the data acquisition side of COPV testing and not the engineering side, but my understanding is that while carbon fiber is strong in tension but weak in compression, epoxy is strong in compression but weak in tension. So the combination is thought to make a vessel strong in both.
Composite Overwrapped Pressure Vessels (COPVs) are fairly common in cases where a pressurized system needs to be relatively lightweight (e.g., spacecraft). To your point though, the failure mechanisms can be hard to model.