Collapsible fuel bladders are storage systems made from high-performance synthetic coated fabrics such as nylon. These systems are designed to withstand high temperatures and are compatible with a broad spectrum of engine fuels. Due to being light-weighted, these systems can be easily transported to remote locations. Thus, making them the ideal storage systems for marine and subsea, aviation, military and defense, and motorsports applications.
Rising international trade and globalization, increasing demand for LNG as fuel across the transportation sector, and growing global security concerns are leading to the rise in the demand of these materials across various end-use industries.
COVID-19 Impact Analysis: Grappling Transportation Industry
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The COVID-19 outbreak has hampered the growth trajectory of the transportation industry, which was already witnessing a downshift in its global demand. As the pandemic forced the transportation industry to come to a halt, the manufacturers and suppliers are witnessing a disruption in the supply chain, manufacturing interruptions, and demand-pull down with an uncertain recovery timeline. And as the inflows are dropping down, and outflows are stagnant, the industry is running out of cash buffers, compelling them to seek help from the banks to run their business.
In March, the companies in the U.S. drew down a total value of USD 230 billion from their credit funds. This was dominated by the automotive sector, which borrowed a sum of around USD 38 billion, followed by sectors such as retail, travel and leisure, and technology.
It can be foreseen that the companies with strong cash reserves and better access to capital will have a stronghold in the market in the post-COVID-19 world. It is also anticipated that the market will witness a slow growth trend in the upcoming quarters, owing to the change in consumer behavior during the pandemic.
Collapsible Fuel Bladder Market: Key Players
Collapsible Fuel Bladder Market: Segmentation
By Fabric Material
Central and South America and the Caribbean
The Middle East
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