Automotive Fuel Tank Market: Emerging Markets – A Lucrative Opportunity for Manufacturers Magna International Inc., Compagnie Plastic Ominum SA, Yachiyo Industry Co. Ltd
With exceptionally booming adoption for SUVs, MPVs, and sedans, plastic will remain at the forefront of demand in global automotive fuel tank market. At the highest estimated CAGR over 2017-2022, plastic automotive fuel tank sales are expected to equate the revenue within the range of US$ 28-30 Bn towards 2022 end. Aluminum and steel automotive fuel tanks will continue to lose opportunities owing to incompatibility in terms of lightweight, fuel efficient vehicle economy.
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