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Thursday, August 17, 2017

The ASEAN (Association of Southeast Asian Nations) automotive composites market is expected to grow at a CAGR of 6.5% from 2017 to 2022

According to a new market report published by Lucintel, the future of the ASEAN (Association of Southeast Asian Nations) automotive composites market looks promising with opportunities in the passenger car and light weight truck. The ASEAN automotive composites market is forecast to grow at a CAGR of 6.5% from 2017 to 2022. The major drivers of growth for this market are increasing automotive production and increasing demand for lightweight materials to achieve higher fuel efficiency and reduce greenhouse gas emissions. 

In this market, exterior, interior, and power train systems are the major applications. On the basis of its comprehensive research, Lucintel forecasts that the power train system is expected to be the largest market and under body system is expected to show the highest growth during the forecast period from 2017 to 2021. 

Within the ASEAN automotive composites market, short fiber thermoplastic (SFT), and long fiber thermoplastic (LFT) are the major materials utilized to manufacture automotive parts. SFT is expected to remain the largest market by value and volume, mainly driven by small complex-shaped components for under the hood applications.

By fiber type, glass composites, carbon composites, and natural fiber composites are the major fiber segments. The glass fiber composites market is expected to remain the largest fiber segment, and the carbon fiber composites market is expected to witness the highest growth over the forecast period.

By resin type, polyamide (PA) composites are expected to remain the largest market by value and volume consumption. High resistance to abrasion, low friction characteristics, electrical resistance, heat resistance, and good chemical resistance are the properties which drive the PA composite demand in automotive.

By resin group, thermoplastics and thermoset composites are the two segments in which thermoplastic composite is the largest segment. The advantages of using thermoplastic composites are recyclability, ease of processing, and better capability of making parts with complex geometry.

Vietnam, Thailand, Myanmar, Malaysia, Brunei Darussalam, Indonesia, Cambodia, and Singapore and Lao PDR are the countries included in ASEAN automotive composites market. Among this, Thailand was the major market for the ASEAN automotive composites because of high volume of automotive production.  

Polynt, Hanwha, and Polyone are among the major suppliers of composites in the ASEAN automotive composites market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the ASEAN automotive composites market by application,  material type, fiber composite type, resin type, resin group, and by country, and has come up with a comprehensive research report entitled “Growth Opportunities in the ASEAN Automotive Composites Market 2017-2022: Trends, Forecast, and Opportunity Analysis”. The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the ASEAN automotive composites market by product type, manufacturing process, application, and region as follows:
By application type (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022)
  • Exterior
  • Interior
  • Power Train Systems
  • Under Body Systems
  • Electrical & Electronics
  • Others
By material type (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022)
  • Short Fiber Thermoplastic
  • Long Fiber Thermoplastic
  • Sheet Molding Compound
  • Bulk Molding Compound
  • Glass Mat Thermoplastic
  • Other Composites
By fiber composite type (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022)
  • Glass Fiber Composites
  • Carbon Fiber Composites
  • Natural Fiber Composites
By resin type (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022)
  • Polypropylene Composites
  • Polyamide Composites
  • Polybutylene Terephthalate Composites
  • Polyester Composites
  • Vinyl ester Composites
  • Others Composites
By resin group (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022):
  • Thermoplastic Composites
  • Thermoset Composites
By country (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022)
  • Malaysia
  • Thailand
  • Vietnam
  • Indonesia
  • Others
This 142-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Strategic Growth Consulting, Commercial Due Diligence Report and Business Strategy Consulting.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q. 1. What are some of the most promising, high-growth in the ASEAN automotive composites market by application (exterior, interior, power train system, under body system, electrical and electronics and others), material (SFT, LFT, SMC, BMC, GMT and others), fiber composites (glass fiber composites, carbon fiber composites, and natural fiber composites), resin type (PP, PA, PBT, polyester, vinyl ester, and other composites), resin group (thermoplastic and thermoset composites) and country (Malaysia, Thailand, Vietnam, Indonesia, and others)?
Q. 2.Which product segments will grow at a faster pace and why?
Q. 3. Which region will grow at the fastest pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges in the market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10.What are some of the competitive products in this area and how great of a threat do they pose for loss of market share through product substitution?

Friday, August 11, 2017

Strong Development Plan and Good Natural Resources will Boost the Growth of Myanmar’s Economy



Myanmar economy is dominated by the service sector, which contributed approximately 38.7% to the total GDP in 2016. Transportation is the major contributing 11.3% of GDP. The government of Myanmar is expected to increase investment on number of projects that will help further develop on various sectors such as power, light manufacturing, hospitality, transportation & communication, and agri-business. Myanmar has Sustainable Development Goals which provides direction for prioritizing capital expenditure, encouraging private investment and creating jobs for nation’s development. The Myanmar’s government is focusing to develop the economy by help of education reforms, energy reforms, and upgrading production & service based technology which will encourage the consumer spending and move the economy toward an externally sustainable path.

Lucintel, a leading global management consulting and market research firm, has analyzed the political, economic, social, technological, legal, and environmental factors of Myanmar and has come up with a comprehensive research report, PESTLE Analysis of Myanmar 2017. This report provides an analysis of the Myanmar economy from historical, current, and future perspectives. SWOT analysis, scenario analysis, and risk analysis of Myanmar is also included in the report. The report also includes forecast for Myanmar economic growth through 2022.

The report highlights various drivers and challenges which have influence on investment decisions in the economy. Myanmar is a rich country in natural and human resources; it has attractive incentives to attract potential foreign investors. Myanmar is frequently facing problem with the occurrence of natural disaster such as flood. Another challenge for Myanmar has social challenge of high corruption rate.
 
This 84-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat in its website to answer your questions in real time. Lucintel offerings include SWOT Matrix, Due Diligence, Mergers & Acquisitions, Industry/Market Analysis and Strategic Growth Consulting.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.