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Fuel Tank Market worth 17.38 Billion USD by 2021

(CityRegions.Com, May 13, 2017 ) The report "Fuel Tank Market by Material (Plastic, Steel & Aluminum), Capacity (70L), & by Region (Asia-Oceania, Europe, North America & ROW), Automotive CNG Tank Market by Region, and Automotive SCR Market by Region - Global Trends & Forecast to 2021", The global automotive fuel tank market is projected to grow at a CAGR of 5.58% from 2016 to 2021, to reach a market size of USD 17.38 Billion by 2021. Factors such as the increasing vehicle production and recent trend of vehicle weight reduction are fueling the demand for lightweight plastic fuel tanks, thereby driving the automotive fuel tank market.

Browse 84 market data tables with 59 figures spread through 161 pages and in-depth TOC on "Fuel Tank Market by Material (Plastic, Steel & Aluminum), Capacity (70L), & by Region (Asia-Oceania, Europe, North America & ROW), Automotive CNG Tank Market by Region, and Automotive SCR Market by Region - Global Trends & Forecast to 2021"

More Info @ <||>rnhttp://www.marketsandmarkets.com/Market-Reports/automotive-fuel-tank-market-23737735.html

Early buyers will receive 10% customization on reports.

High-density polyethylene fuel tanks: The largest market

High-density polyethylene (HDPE) is the key component of the plastic fuel tank. The global demand for HDPE is very high, owing to the considerable demand for plastic fuel tanks. Plastic fuel tanks are broadly segmented into three types: monolayer, fluorinated, and multilayer. The primary advantages of the plastic fuel tank are that it is anti-corrosive, lightweight, flexible, and impact-resistant. HDPE fuel tanks are estimated to account for the largest share of the global fuel tank market in 2016, owing to their high penetration in developed regions such as North America and Europe. The changing preferences of buyers and the increasing technology adoption rate in Asia-Oceania have accelerated the demand for HDPE fuel tanks in the region.

Asia-Oceania: The fastest-growing market

Asia-Oceania has emerged as a hub for automotive production in recent times, owing to changing consumer preferences, increasing per capita income of the middle class population, and cost advantages for OEMs. The region is known for producing compact and cost-effective cars, and given the advantages it offers, such as low production cost, easy availability of economic labor, lenient emission and safety norms, and government initiatives for foreign direct investment (FDI), the region has witnessed higher growth than the matured markets of Europe and North America. According to MarketsandMarkets analysis, global automotive production is projected to grow at a CAGR of 5.40% from 2016 to 2021, with Asia-Oceania leading the production. These factors would accelerate the demand for automotive fuel tanks in the region, enabling the market to grow at the highest CAGR from 2016 to 2021.

The report studies various globally established automotive fuel tank manufacturers. Major market players include The Plastic Omnium Group (France), Kautex Textron GmbH & Co. KG. (Germany), YAPP Automotive Parts Co. Ltd. (China), and TI Automotive Inc. (U.K.).

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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.

MarketsandMarkets’s 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.

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