Automotive Plastic Fuel Tank also known as plastic fuel tank can provide safe storage and transportation of combustible materials, and can also be used to measure material level, exhaust, and possibly supply air to the engine and anticipate potential injuries. The most common flammable substances usually stored in plastic fuel tanks are gasoline or fuel. But it can also store other flammable substances such as butane, motor oil, transformer oil, gas oil and natural gas.
According to the type of plastic fuel tank can be divided into 2 kinds of single-layer plastic fuel tank and multi-layer plastic fuel tank. The single-layer fuel tank includes polyamide components, impact modifiers and binding filler. The polyamide component has a polyamide selected from polyamide 6, polyamide 6/6, polyamide 6/66, and combinations thereof. The impact modifier is an organic copolymer. The binding filler is not covalently bound to the polyamide, and includes at least one of silica and cyclodextrin. The multi-layer plastic fuel tank is composed of at least one layer of high density polyethylene, at least one layer of polyamide and at least one layer of modified high density polyethylene made of high density polyethylene modified by unsaturated carboxylic acid or its derivatives.
Plastic fuel tanks are often used in the following areas, A commercial vehicle is any type of motor vehicle used for transporting goods or paying passengers. The European Union defines a "commercial motor vehicle" as any motorized road vehicle, that by its type of construction and equipment is designed for, and capable of transporting, whether for payment or not: (1) more than nine persons, including the driver; (2) goods and "standard fuel tanks". This means the tanks permanently fixed by the manufacturer to all motor vehicles of the same type as the vehicle in question and whose permanent fitting lets fuel be used directly, both for propulsion and, where appropriate, to power a refrigeration system. Gas tanks fitted to motor vehicles for the direct use of diesel as a fuel are considered standard fuel tanks. Passenger vehicles are vehicles that are primarily used to vehiclery passengers and their vehiclery-on baggage and/or temporary items in their design and technical characteristics, including up to nine seats, including the driver\'s seat. Passenger vehicles cover vehicles, minibuses and light passenger vehicles of no more than nine seats. The passenger vehicle is subdivided into basic passenger vehicles(sedans), multipurpose vehicles (MPVs), sport utility vehicles (SUVs), dedicated passenger vehicles and crossover passenger vehicles.
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Automotive Plastic Fuel Tank Market Analysis and Forecast
According to our research, the Global Automotive Plastic Fuel Tank market has a total revenue of 11674.11 M USD back in 2015, and increased to 13755.10 M USD in 2019. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of Global Automotive Plastic Fuel Tank markets can be 15697.86 M USD by 2026. The CAGR of Global Automotive Plastic Fuel Tank is 2.88% from 2020 to 2026.
Global Automotive Plastic Fuel Tank companies are mainly from Europe and Asia; the industry concentrate rate is high. The top three companies are Plastic Omnium (Inergy), Kautex, TI Automotive with the revenue market share of 24.32%, 18.79% and 11.19% in 2019. Europe was the largest production value market with a market share of 41.42% in 2015 and 40.08% in 2019, an increase of -1.34%. In 2019, China market share was 23.71%, ranking second.
Trends in the Automotive Plastic Fuel Tank Market
The growth of the Global Automotive Plastic Fuel Tank market is driven by the downstream demand market. As the global economy develops, the population continues to increase. Growing market demand plays an active role in the expansion of the Global Automotive Plastic Fuel Tank market. Higher product quality and more affordable products will be one of the growth opportunities in this market in the future. At the same time, competition in some regions may become more intense. This may become a factor hindering market growth.
The environmental protection and lightweight trend of automobiles is obvious. With the rapid development of the automobile industry, the rapid growth of global car ownership has led to a substantial increase in demand for oil consumption, and automobile exhaust emissions have
led to a series of problems such as air quality decline and greenhouse effect. Energy safety and environmental protection have become key issues of concern to all countries. Lightweight design can reduce fuel consumption on the one hand and bring cost savings to users; on the
other hand, it can reduce greenhouse gas emissions, which is beneficial to environmental protection. At present, domestic and foreign automobile lightweight measures mainly include lightweight design and the use of high-strength, lightweight materials. Therefore, how to cooperate with downstream industries to develop corresponding plastic fuel tank products will become the industry\'s theme during the forecast period.
The global automotive industry has undergone major changes in recent decades. In order to reduce production costs as much as possible and enhance international competitiveness, major global automakers have begun to allocate resources and purchase parts and components globally. Building a global industrial chain has become an important trend in the development of the world\'s automobile industry. This development trend means that plastic fuel tank manufacturers will face competitors from all over the world with more diversified downstream demands. In regions with cheap labor or raw material origin as competitive advantage, they may face price wars from local manufacturers. It is expected that the company may compete in R&D, customer relationship management, cost control, sales channels, etc. during the forecast period.
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