Rising Vehicle Production to Drive the Demand for Automotive Fuel Tank 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.
★
★
★
★
★
119 views • 8 slides
