Tuesday, May 2, 2017

Plastic Fuel Tanks Dominate the Global Automotive Market

Traditional automotive fuel tanks were made of steel. Since the German Volkswagen, BASF and Kautex jointly developed the world's first automotive plastic fuel tank and successfully used in Porsche in 1960s, plastic fuel tank has experienced a rapid development, due to its characteristics of safer, corrosion-resistant and longer service life than traditional metal fuel tanks, the development trend of lightweight cars also contributed to this blossom.

Into the 21st century, the automotive plastic fuel tank usage of Europe and the United States and other developed countries has reached over 90%. Meanwhile, in China, the metal fuel tank is still used in commercial vehicles, the plastic fuel tank is mainly used in passenger cars, the usage of plastic fuel tank has reached more than 80%.
According to the recently published  Global Automotive Plastic Fuel Tank Market Research Report 2017by QYResearch, the current global plastic fuel tank market is very concentrated, the world's top five companies have occupied more than 80% of the market share in 2016. Internationally renowned fuel tank enterprises are mainly INERGY, Kautex, TI AUTOMOTIVE, and YACHIYO, the main Chinese vendors are YAPP, Jiangsu Suguang and so on. 
With the implementation of the new standard of automotive fuel economy, automotive lightweight will become one of the key directions of the development of automotive technology in a long time. So the development of plastic fuel tank completely coincides with the direction of automotive technology. Plastic fuel tanks still have a larger and larger development space. According to QYResearch’s forecast, the global sales of plastic fuel tank will reach 100 million in the end of 2022.
This article was first released by QYResearch analyst, if reproduced, please indicate the source.
Media Contact:press@qyresearch.com

QYResearch established in 2007, has an over 200 analysis team who own more than 10 years experiences on marketing or R&D), professional survey team (the team member with more than 3 years market survey experience and more than 2 years depth expert interview experience). Our reports covering energy automobile pharmaceutical chemical agriculture more than 30 industries, services from the data analysis and recommendations-Consulting landing one-stop solution, and research regions cover China,US,EU,Asia,Middle East and Africa,South America,Australia,etc.

No comments:

Post a Comment