Yes and no... it has a wall thickness of 4mm and it can bend so theres no fear of shattering. It will handle up to 20 bar at room temperature and with the increase of temp its pressure rating drops because its a thermoplastic.
If you want to use it as an air tank I think its the safest way to go. I've taken it up to 30 bar with no problem because it has x2 (or x3 safety rating, not sure) and if I did go over the limit it would most likely fail at the weld. Its not an explosive failure.. I've seen it before. It just kinda goes out of the socket on one side and on the other it stays attached. Most of the time the failure is caused by a crappy weld
If it were to fail on the pipe itself it will rather split then shatter like regular PVC.
Are you planning on using it for something?