Lucintel Forecasts The Asean Automotive Composites Market To Grow With A Cagr Of 6% From 2024 To 2031

By Author: Lucintel LLC
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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.
Download sample by clicking on 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 Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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