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Affected by the Development of New Energy Vehicles, the Growth Rate of the Automotive Plastic Fuel Tank Industry Has Slowed Down Slightly

Automobile fuel tanks mainly include automobile metal fuel tanks and automobile plastic fuel tanks. The automobile metal fuel tank is welded together by two pieces of iron sheet. If there is a false weld in the solder joint, it is easy to leak. The iron-skin fuel tank is prone to dents when colliding, and the dented parts are prone to rust for a long time, which will cause the fuel tank to leak. Due to the poor barrier properties of the iron tank. It is easy to cause fuel explosion in traffic accidents. The plastic fuel tank is made of one-time injection molding and is divided into several layers. The structure is relatively strong, durable and impact-resistant. Once the engineering plastic fuel tank is collided or ruptured, the fuel tank will not produce sparks, and the safety is better.

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Analysis on the Development Status of Automobile Plastic Fuel Tank and Its Prospect Forecast

Since the beginning of production and use, automobile plastic fuel tanks have been replacing metal fuel tanks, and their development is extremely rapid. In order to reduce the penetration of gasoline from the fuel tank wall, many manufacturers have begun to use multi-layer plastic fuel tanks. The cost of such fuel tanks is higher than that of metal fuel tanks. The advantage is that there is little fuel that penetrates, but the problem is that it increases manufacturing costs. The overall weight of the fuel tank is increased, and the performance of the car is reduced. As of 2020, the market share of single-layer plastic fuel tanks is 22.72%; the market share of multi-layer plastic fuel tanks is 77.28%. Industrial developed countries attach great importance to the development of safe, environmentally friendly, and high-performance plastic fuel tanks to accelerate the development of the automotive industry. In the future, with the continuous development of technology, especially new material technology, the production and manufacturing of automotive plastic fuel tanks will also enter a new level. Steps.

Since the 1960s, in order to achieve the purpose of reducing the weight of automobiles, reducing manufacturing costs and saving fuel costs, the plasticization of automobiles has received attention, and its technology has also developed rapidly. Among them, the plasticization of fuel tanks is an important aspect of the plasticization of automobiles. With the irreplaceable advantages of metal fuel tanks, more and more researches and applications have been made in countries and regions around the world. According to data from the Canaan University Kautex Development Company, as early as 1995, more than 60% of cars and light trucks in North America used plastic fuel tanks. After 1997, the utilization rate of plastic fuel tanks for automobiles produced by Ford Motor Company was as high as 100%. In recent years, with the improvement of people’s living standards and the continuous improvement of transportation infrastructure, people’s demand for travel infrastructure has increased day by day. With the rapid development of the automobile industry, the market value of the corresponding automotive plastic fuel tanks has also risen. As of 2019, the market value has reached $13.76 billion.

The automotive plastic fuel tank industry has a relatively high degree of market integration. In 2020, the market share of TOP3 in the industry will exceed 55%. The market competition is very fierce. However, the per capita car ownership in many developing countries is very low, and there is still a lot of room for development. . In recent years, affected by the rise of new energy vehicles, the growth rate of the automotive plastic fuel tank industry has slowed down significantly. With the gradual maturity of new energy vehicles in the future, the difficulty of automotive plastic fuel tanks will face a sharp decline.

 

The United States, Germany, and Japan are the most technologically advanced and experienced countries in the R&D, design, manufacturing, and use of gasoline fuel tanks in the world, and they are basically monopolistic in the high-quality fuel tank market. Western developed countries have developed and used plastic automobile fuel tanks earlier than many developing countries. For some regions and countries where price-sensitive consumers gather, the economic orientation is more obvious. The attractiveness of multi-layer plastic automobile fuel tanks is far greater. The metal fuel tank is less expensive than the manufacturing cost. As of 2020, the European region's market share is 36.74%, ranking first; China's market share is 27.05%, ranking second; North America's market share is 14.40%, ranking third. As the second largest economy in the world, China is developing rapidly. The domestic automobile industry has continued to accelerate in recent years. Affected by the total population, the number of cars is large, but the number of cars per capita is still low, and there is a lot of room for development in the future.

The Impact of COVID-19 on the Automotive Plastic Fuel Tank Industry

Since the outbreak of COVID-19 in early 2020, the virus has spread to all parts of the world, spreading widely, and causing great harm to the global economy. During the epidemic, governments of various countries have introduced a series of measures such as extending holidays and delaying business operations. The flow of people reduces the occurrence of cross-infection, and many companies are unable to carry out normal production and operation. In comparison, high-tech industries are much less affected than labor-intensive industries. In 2020, the market value of automotive plastic fuel tanks is US$13.24 billion, a year-on-year decrease of US$520 million. But in fact, compared with the new crown epidemic, automobile plastic fuel tanks are more affected by the development of new energy vehicles. In the future, new energy will be the main theme of development, and the proportion of fuel vehicles will gradually decrease. Many Western countries have long issued policies stating that traditional fuel vehicles will be banned in the future. However, the global volume of fuel vehicles is huge, and new energy vehicles are still in the rapid development stage. Related technologies are not fully mature, and it will take time to be completely replaced, but the trend of decreasing the proportion of fuel vehicles year by year is a foregone conclusion, which also means that the market capacity of automotive plastic fuel tanks is also decreasing year by year.