ASEAN Automotive Composites Market Is Expected to Reach $0.2 Billion by 2026 – an Exclusive Market Research Report by Lucintel

Trends and Forecast for the Global ASEAN Automotive Composites Market
Trends, opportunities, and forecast in ASEAN automotive composites market to 2026 by by application (exterior, interior, power train systems, under body systems, electrical and electronics, and others), material type (SFT (short fiber thermoplastic), LFT (long fiber thermoplastic), SMC (sheet molding compound), BMC (bulk molding compound), and GMT (glass mat thermoplastic), and other), fiber composites type

Lucintel’s latest market report analyzed that ASEAN automotive composites provides attractive opportunities in exterior, interior, power train systems, under body systems, and electrical & electronics applications. The ASEAN automotive composites market is expected to reach $0.2 billion by 2026 with a CAGR of 9.9%. In this market, SFT (Short Fiber Thermoplastic) are the largest segment by material type, whereas power train system is largest by application. The growing focus on bio-based composites materials provides strategic growth path in this market.

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Based on material type, the ASEAN automotive composites market is segmented into SFT (short fiber thermoplastic), LFT (long fiber thermoplastic), SMC (sheet molding compound), BMC (bulk molding compound), and GMT (glass mat thermoplastic), and other. The SFT (short fiber thermoplastic) segment accounted for the largest share of the market in 2020 because it offers corrosion resistance, insulation properties, low susceptibility to moisture and high mechanical properties.

Browse in-depth TOC on “ASEAN Automotive Composites Market”

31 – Tables

67 – Figures

125 – Pages

The ASEAN automotive composites market is marked by the presence of several big and small players. Some of the prominent players offering ASEAN automotive composites include Hanwha, Quadrant Plastic Composites, Polynt-Reichhold, SABIC, Polyone, and Cytec Solvay.  

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 click on this link helpdesk@lucintel.com.

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