According to the recent study the ASEAN automotive composites market looks promising with opportunities in exterior, interior, power train systems, under body systems, and electrical and electronics application. The ASEAN automotive composites market is expected to grow with a CAGR of 6% from 2024 to 2031. Growth in this market is primarily driven by the domestic consumption by government, NGOs, and civic bodies.
A more than 150-page
report to understand trends, opportunity and forecast in ASEAN automotive
composites market to 2031 by application (exterior, interior, power train
systems, under body systems, electrical and electronics, and other
applications), material type (SFT , LFT, SMC, BMC, GMT, and other material
types), fiber composites type (glass fiber, carbon fiber, and natural fiber),
resin type (PP, PA, PBT, polyester, vinyl ester, and other resin types), resin
group (thermoplastic and thermoset), and country (Malaysia, Thailand, Vietnam,
Indonesia, and other countries).
Lucintel forecasts that
SFT will remain the largest segment by value and volume and will experience the
highest growth over the forecast period because it offers corrosion resistance,
insulation properties, low susceptibility to moisture and high mechanical
properties.
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ASEAN
automotive composites market.
Power train system
industry will remain the largest application and under body system is expected
to witness the highest growth over the forecast period due to increasing demand
for composite components in automotive industry.
Hanwha, Mitsubishi
Chemical Group, Polynt Group, Syensqo, SABIC, Avient are the major supplier in
the ASEAN automotive composites market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
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years. We are quoted in several publications like the Wall Street Journal,
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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