ALL >> Business >> View Article
The Asean (association Of Southeast Asian Nations) Automotive Composites Market Is Expected To Grow
Total Articles: 333
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 ($M) and Volume (M lbs) shipment analysis for 2011 – 2022):
• Power Train Systems
• Under Body Systems
• Electrical & Electronics
By material type (Value ($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):
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 firstname.lastname@example.org. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Strategic Growth Consulting, Commercial Due Diligence Report and Business Strategy Consulting.
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?
Business Articles1. Eglobedata Released Most Accurate Real Estate Industry Email List And Build New Revenue Streams
Author: Brayden Tyler
2. Switch To Pharmacists Email List For Getting Cost Effective And Good Return
Author: Andrew Rayel
3. Explore An Opportunity For New Business Prospects With Business Development Executives Email Lists
Author: Charles Daniel
4. Ideal Instrument Services Are The Leading Dealer And Distributor Of Mitutoyo Products In Pune
Author: biz porto
5. Landed House Exterior Contractor – A Preferred Landed Property Renovation Contractor Singapore Can S
Author: James Han
6. Why You May Need A Photobooth On Your Big Day
7. Carpet Styles
Author: Barry’s My Carpet Inc.
8. Trade Show Display Rental- All You Require For Incredible Brand Value
Author: Daniel Wilson
9. Scada Free – Access Data From Remote Location Easily With The Help Of Web Scada !
Author: Archer Finch
10. Try A Herding Class With Your Dog Part - I
Author: Unknown Member
11. Documentation Of Employee Discussions Is All Important
Author: NetZealous LLC, DBA TrainHR
12. Try A Herding Class With Your Dog
Author: Unknown Member
13. Best Scar Removal Creams
14. Why Should You Hire Huntington Beach Dry Cleansing Service Provider?
Author: Robert Paul
15. Rajasthan College Of Engineering For Women
Author: Rajasthan College of Engineering for Women