Global Automotive Plastic Fuel Tank Market Size, Share & Trends Analysis Report, By Type (Single-Layer and Multi-Layer), By Application (Commercial Vehicle and Passenger Vehicle), Forecast (2022-2028)

The global automotive plastic fuel tank market is anticipated to grow at a CAGR of 3.2% during the forecast period (2022-2028). Fuel tank is a part of the engine system where the fuel is stored and propelled by a fuel pump in, or released into an engine in automated guided vehicles, cars, trucks, motorcycles, boats and more. They can be stationary above ground or can even be manually transported by hand. The market growth is majorly attributable to the benefits offered by plastic tanks in improving the overall vehicle efficiency. Other factors substantially contributing to the market growth include the rapid urbanization, growing demand for automotive, significant production of vehicles, and growing investments for the development of lightweight vehicles with higher fuel efficiency and longer driving range.

Automotive plastic fuel tanks are primarily made out of the polyethylene of average and high firmness, that proves to be a strong yet light material allowing the vehicle manufacturers to achieve more economic consumption of fuel. This scalability feature is also projected to be a key driver for the growth of the global automotive plastic fuel tank market. Using plastic in manufacturing these tanks can provide huge benefits over the conventional vehicle fuel tanks. Plastic being a lightweight and multipurpose material adds to the compactness of these tanks as well as make them light weighted. All these benefits offered by the automotive plastic fuel tanks primarily drive the growth of the global automotive plastic fuel tank market. Some key players operating in the market include Magna International Inc., Compagnie Plastic Omnium SA, and Kautex Textron GmbH & Co. KG, among others.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-

• By Type
• By Application

• Regions covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape: Magna International Inc., Compagnie Plastic Omnium SA, and Kautex Textron GmbH & Co. KG, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

• Deviation from the pre-COVID-19 forecast
• Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automotive Plastic Fuel Tank Market Report by Segment

By Type

• Single-Layer
• Multi-Layer

By Application

• Commercial Vehicle
• Passenger Vehicle

Global Automotive Plastic Fuel Tank Market Report by Region

North America

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East and Africa