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Plastic Fuel Tanks Dominate the Global Automotive Market Author: Xiang Yongfei Company: QYResearch Date: 2017/5/02
Traditional automotive fuel tanks were made of steel. Since theGerman Volkswagen, BASF and Kautex jointly developed the world's firstautomotive plastic fuel tank and successfully used in Porsche in 1960s, plasticfuel tank has experienced a rapid development, due to its characteristics ofsafer, corrosion-resistant and longer service life than traditional metal fueltanks, the development trend of lightweight cars also contributed to thisblossom. Into the 21st century, the automotive plastic fuel tank usage ofEurope 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 plasticfuel tank has reached more than 80%. According to the recently published < GlobalAutomotive Plastic Fuel Tank Market Research Report 2017> byQYResearch, the current global plastic fuel tank market is very concentrated,the world's top five companies have occupied more than 80% of the market sharein 2016. Internationally renowned fuel tank enterprises are mainly INERGY,Kautex, TI AUTOMOTIVE, and YACHIYO, the main Chinese vendors are YAPP, JiangsuSuguang and so on. With the implementation of the new standard of automotive fueleconomy, automotive
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lightweight will become one of the key directions of thedevelopment of automotive technology in a long time. So the development ofplastic fuel tank completely coincides with the direction of automotivetechnology. Plastic fuel tanks still have a larger and larger development space.According to QYResearchâ&#x20AC;&#x2122;s forecast, the global sales of plastic fuel tank willreach 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 Analyst :xiangyongfei@qyresearch.com
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