According to a market report by Lucintel, the future of the ASEAN automotive composites intermediate material market looks promising with opportunities in exterior, interior, power train systems, under body systems, and electrical and electronics application. The ASEAN automotive composites material market is expected to grow with a CAGR of 3% 2025 to 2035. The major driver for this market is 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 2035 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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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 suppliers 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 [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Roy Almaguer
Lucintel
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Tel. +1-972-636-5056
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