Fuel Tank Market by Material, Capacity, Region 2021

1
MarketsandMarkets Presents

Fuel Tank Market by Material, Capacity, Region
2021
https//www.marketsandmarkets.com/Market-Reports/a
utomotive-fuel-tank-market-23737735.html
2
The global Automotive Fuel Tank Market is
expected to grow from USD 13.25 billion in 2018
to USD 17.38 billion by 2021 at a CAGR of 5.58.
The rising global vehicle production, growing
trend of vehicle weight reduction, and norms
pertaining to evaporative emissions have fueled
the demand for automotive fuel tanks across the
globe. Fuel tank is a container or reservoir to
carry the fuel used by the vehicle. Fuel is
stored in the tank and is supplied to an engine
through a fuel pump. Apart from fuel tank, there
are also other tanks that are equipped in a
vehicle depending on the requirement, namely, SCR
and CNG tank. Selective catalytic reduction is an
advanced emission control technology that injects
a liquid reductant into the exhaust stream of the
diesel engine. This liquid agent is generally
called as diesel exhaust fluid (DEF). The DEF is
carried in a tank called the SCR tank located
under chassis or frame of a vehicle. CNG can be
used in place of gasoline or diesel fuel in
automobiles. The tank in which compressed natural
gas is stored is known as CNG tank. Get The PDF
Brochure For This Report https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id23737735
3
The high-density polyethylene (HDPE) segment of
the automotive fuel tank market is estimated to
have the highest growth potential. It is
projected to grow at a promising CAGR during the
forecast period. This growth can be attributed to
HDPEs proven benefits of vehicle weight
reduction and low cost. Upcoming fuel-efficiency
standards, such the Corporate Average Fuel
Economy (CAFE) standards, are propelling the
demand for plastic fuel tanks, which are
manufactured using HDPE. These fuel tanks offer
various advantages, such as higher corrosion
resistance, better fire resistance, and better
crash test performance, than conventional steel
and aluminum fuel tanks. These factors are
estimated to drive the demand for HDPE fuel tanks
in coming years. The 45 L70 L segment of the
automotive fuel tank market is estimated to
account for the largest market share, in terms of
value. This can be attributed to the high
installation rate of fuel tanks in the 45 L70 L
range. Fuel tanks falling under this range find
application in both, passenger cars and light
commercial vehicles (LCVs). Asia-Oceania is
estimated to be the largest market for 45 L70 L
fuel tanks, owing to the high demand for
mid-segment passenger cars in the
region. Request Sample of the report https//www
.marketsandmarkets.com/requestsampleNew.asp?id237
37735
4
Asia-Oceania is also estimated to be the largest
market for automotive fuel tanks during the
forecast period. This can be credited to the
presence of countries such as China, which is the
largest vehicle producer in the world, and India,
which is emerging as a key automobile production
hub for OEMs. Furthermore, the region is the
largest vehicle producer in the world this trend
is expected to continue during the forecast
period. The global fuel tank market ecosystem
consists of raw material manufacturers such as
ArcelorMittal (Luxembourg), Hebei Iron and Steel
Group (China), Baosteel Group Corporation
(China), Posco Co. Ltd.  (South Korea), and Tata
Steel Ltd. (India). It also includes automotive
fuel tank manufacturers such as The Plastic
Omnium Group (France), Kautex Textron GmbH Co.
KG (Germany), YAPP Automotive Parts Co. Ltd.
(China), and TI Automotive Inc. (U.K.), vehicle
manufacturers such as General Motors (U.S.), BMW
(Germany), Toyota Motors (Japan), and Hyundai
Motors (South Korea). Dont miss out on
business opportunities in Fuel Tank Market. Speak
to our analyst and gain crucial industry insights
that will help your business grow.
5
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 5000 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions.   Our 850 fulltime analyst
and SMEs at MarketsandMarkets are tracking
global high growth markets following the "Growth
Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors. MarketsandMarkets now coming up
with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies,
innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations/disruptions early to
the market by providing them research ahead of
the curve.   MarketsandMarketss flagship
competitive intelligence and market research
platform, "RT" connects over 200,000 markets and
entire value chains for deeper understanding of
the unmet insights along with market sizing and
forecasts of niche markets.   
https//www.marketsandmarkets.com/Market-Reports/a
utomotive-fuel-tank-market-23737735.html
6
Contact Us
Mr. Shelly SinghMarketsandMarkets INC.630
Dundee RoadSuite 430Northbrook, IL 60062USA
1-888-600-6441Email sales_at_marketsandmarkets.com
 MarketsandMarkets Bloghttp//www.marketsandmark
ets.comhttp//twitter.com/marketsmarkets http//w
ww.linkedin.com/company/marketsandmarkets