Injection Moulding Asia Automotive
Asia leads in growth; new developments promote lighter vehicles While safety, driving pleasure and aesthetics
On account of production, slightly more vehicles rolled out in August this year at 43,688 units compared to 43,452 units the previous year. Nevertheless, the country looks to further strengthening its sales, especially leveraging its bilateral trade with China, which has high demand for automotive spare parts. Sales of vehicles in Vietnam, which contracted earlier this year, are slowly picking up, according to the Vietnam Automobile Manufacturers’ Association (VAMA). It says that vehicle sales rose 50% year-on-year in February, compared with a contraction of 12% in January. The country is in the midst of developing its upstream automotive parts manufacturing base. The market grew by slightly over 27% in 2016, thus becoming the second fastest growing in the world after Singapore; and the world’s 34th largest in sales, having sold 228,478 units against global car sales of 84.24 million, according to UK-based market analysis firm JATO. Meanwhile, the Philippines, which posted high production and sales of both four and two-wheeled vehicles in the first five months of the current year, witnessed an 8.7% growth in August, compared to the same month a year ago. A joint report by the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI) and the Truck Manufacturers Association (TMA) shows that 35,309 units were sold in August against 32,472 sold last year. The presence of major car makers like Toyota, Isuzu and Hyundai continues to sustain the industry. Overall, the robust car sales outlook in the region portends an equally strong demand for automotive plastics.
are factors influencing a vehicle purchase, the automotive industry is also committed to producing more fuel efficient cars as
environmental concerns gain traction, with a
10% reduction in vehicle weight equivalent to as much as 7% lower fuel use.
Asian region leads in automotive sales The ASEAN is not leaving any stone unturned in automotive innovation. After all, the region’s automotive industry is well-positioned in the global market, according to US-based Lucintel that indicates a CAGR of 6.5% from this year to 2022. This growth is driven by increasing automotive production and increasing demand for lightweight materials to achieve higher fuel efficiency and reduce greenhouse gas emissions, Lucintel states. Plastic composites have wound up in vital applications such as the exterior, interior, and power train systems, with the latter expected to be ASEAN’s largest market building up further through 2021. Thriving automotive parts manufacturing, buoyed up by strong car sales in the region, provides the boost for automotive plastics, which Transparent Markets Research says will cross the US$33 million mark by 2018. The region’s largest vehicle market is Thailand, which bolstered by its Thailand 4.0, is lunging ahead as the region’s automotive hub. Global industry players are flocking to the country to take shot of its ascendancy. Japan is among several nations that have strong trade links with Thailand, and has been expanding investments not only in the automotive sector but also the robotics and automation sectors. Indonesia, the world’s tenth largest manufacturing power, will have vehicle sales of 1.1 million units this year, according to US consultancy Frost & Sullivan. In August, the country posted a 0.2% increase in car sales, or 96,466 units, compared to last year’s 96,282, according to Indonesian automotive industry association Gaikindo. Malaysia reported a 6.5% increase in vehicle sales, or 3,167 units in August this year, compared to July, yet sold 0.9% lower or only 51,720 against 52,219 units during the same period last year, according to the Malaysian Automotive Association (MAA).
Material suppliers expand and improve polymers German firm Kraiburg TPE will introduce a new TPE material with adhesion to EPDM at the upcoming Fakuma show in October. The new compounds of the Thermolast K series also feature high resistance to UV radiation and weather influences, in addition to good flow properties. Targeted at exterior applications, pilot projects include window seals consisting of EPDM profiles with moulded TPE corner joints.
Kraiburg’s latest series is targeted at window seals consisting of EPDM profiles with moulded TPE corner joints
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Published on Oct 9, 2017