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Japan Automotive Composites Market Share, Forecast [2031]
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Japan Automotive Composites Market Share, Forecast [2031]

Segments - Japan Automotive Composites Market by Production Types (Hand Layup, Resin Transfer Molding, Vacuum Infusion Molding, Injection Molding, and Compression Molding), Material Types (Thermoset Polymer, Thermoplastic Polymer, Carbon Fiber, Glass Fiber, and Others), and Applications (Structural Assembly, Power Train Components, Interior, Exterior, and Others) - Japan Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-3661 | 4.8 Rating | 82 Reviews | 154 Pages | Format : PDF Excel PPT

Report Description


The Japan Automotive Composites Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 10% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing demand of composite material in the Japan automotive sector.

A composite material is the material which is made from the two or more integral materials. In the automotive sector the composite materials are used because they have various properties such as light in weight, strong, less expensive, and more durable compare to the common materials. Composite materials are used in various parts of the automotive such body and other parts.

Japan Automotive Composites Market Outlook

The Covid-19 pandemic affected the demand and supply of Japan automotive composite market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced composite materials manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

  • Increasing demand of fuel efficient and light weight vehicles is estimated to drive the Japan automotive composite market.

  • The reinforce glass and thermoplastic composite materials have drawn the attention of carmakers because of the lighter, better, and tensile components which is projected to drive the market during forecast period.

  • Rising demand of ecofriendly and lightweight electrical vehicles all over the world is expected to drive the Japan automotive composite market.

  • High cost of the composite material is expected to hinder the market growth.

  • Low recyclability of composite material is hampering the Japan automotive composite market.

  • Various giant industries such as BMW and Nissan are trying to replace their existing parts with composites materials. This is fueling the market during the forecast period.

Scope of the Report

The report on the Japan automotive composite market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automobile Composite Market - Japan Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Production Types (Hand Layup, Resin Transfer Molding, Vacuum Infusion Molding, Injection Molding, and Compression Molding), Material Types (Thermoset Polymer, Thermoplastic Polymer, Carbon Fiber, Glass Fiber, and Others), Applications (Structural Assembly, Power Train Components, Interior, Exterior, and Others)

Regional Scope

Japan

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cytec Industries, Inc.; Nippon Sheet Glass Co. Ltd; 3B-Fiberglass; SGL Carbon; Toray Industries, Inc.

 

Market Segment Insights

The injection molding segment is expected to grow at a rapid pace

Based on the production types, the Japan automotive composite market is divided into hand layup, resin transfer molding, vacuum infusion molding, injection molding, and compression molding. The injection molding segment is expected to grow at a rapid pace during the forecast period owing to easy and flexible process for making automotive parts from the composite materials. In this process small granules of different composite materials are heated and injected into the mold cavity.

The thermoset polymer segment is estimate to gain a large revenue share

On the basis of material types, the market is segmented into thermoset polymer, thermoplastic polymer, carbon fiber, glass fiber, and others. The thermoset polymer segment is estimate to gain a large revenue share during the forecast period owing to manufacturers of the racing cars and luxury sports cars use the thermoset polymer for making the parts. These composite parts are light in weight and increases the fuel efficiency of the cars. However, the glass fiber segment is anticipated to account for a major market share during the forecast period owing to its properties such as resistance to heat, light weight, flexibility, durability, and high strength. On the other hand, the thermoplastic polymers segment is projected to expand at a considerable CAGR during the forecast period because the 70% parts of automotive are made from thermoplastic polymers that contain the propylene. The thermoplastic polymers are used in an underbody coating, dashboards, door panel seating and arm rests.

Japan Automotive Composites Market Material Types

The exterior segment is anticipated to register significant market share

Based on applications, the Japan automotive composite market is divided into structural assembly, power train components, interior, exterior, and others. The exterior segment is anticipated to register significant market share during the forecast period because of the major components of the car body has been made from the composite materials such as bumper beam, door panels, front end module, and hood.

Segments

The Japan automotive composites market has been segmented on the basis of

Production types

  • Hand Layup
  • Resin Transfer Molding
  • Vacuum Infusion Molding
  • Injection Molding
  • Compression Molding

Material Types

  • Thermoset Polymer
  • Thermoplastic Polymer
  • Carbon Fiber
  • Glass Fiber
  • Others

Applications

  • Structural Assembly
  • Power Train Components
  • Interior
  • Exterior
  • Others

Key Players

  • Cytec Industries, Inc.
  • Nippon Sheet Glass Co. Ltd
  • 3B-Fiberglass
  • SGL Carbon
  • Toray Industries, Inc.

Competitive Landscape

Some of the key market players competing in the Japan automotive composite market are Cytec Industries, Inc.; Nippon Sheet Glass Co. Ltd; 3B-Fiberglass; SGL Carbon; Toray Industries, Inc.

These key players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market.

Japan Automotive Composites Market Key Players

Frequently Asked Questions

The report covers market analysis and size, company share, competitive landscape, growth factors, trends, revenue forecast, and segmentation by production type, material type, and application, with a regional focus on Japan.

Major companies covered in the report include Cytec Industries, Inc., Nippon Sheet Glass Co. Ltd, 3B-Fiberglass, SGL Carbon, and Toray Industries, Inc.

Composites are mainly used in structural assembly, power train components, interiors, and exteriors of vehicles. The exterior segment, including bumper beams, door panels, front end modules, and hoods, is anticipated to register a significant market share.

The thermoset polymer segment is estimated to gain a large revenue share, especially for racing and luxury sports cars, while the glass fiber segment is anticipated to account for a major market share due to its heat resistance, flexibility, and strength.

The injection molding segment is expected to grow at a rapid pace due to its easy and flexible process for manufacturing automotive parts from composite materials.

High costs and low recyclability of composite materials are major restraints hindering the growth of the Japan automotive composites market.

Key growth drivers include increasing demand for fuel-efficient and lightweight vehicles, rising adoption of eco-friendly and lightweight electric vehicles, and the use of reinforced glass and thermoplastic composites by carmakers.

The Covid-19 pandemic disrupted demand and supply in the Japan automotive composites market due to lockdowns, supply chain issues, and raw material shortages, leading to production shutdowns and a decline in market growth. However, the launch of vaccines is expected to aid market recovery.

Automotive composite materials are made from two or more integral materials, offering properties such as lightweight, strength, durability, and cost-effectiveness compared to traditional materials. They are used in various automotive parts to enhance performance and fuel efficiency.

The Japan automotive composites market was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 10% during the forecast period from 2023 to 2031.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Composites Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Composites Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Composites Market - Supply Chain
  4.5. Global Automotive Composites Market Forecast
     4.5.1. Automotive Composites Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Composites Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Composites Market Absolute $ Opportunity
5. Global Automotive Composites Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Automotive Composites Market Size and Volume Forecast by Applications
     5.3.1. Structural Assembly
     5.3.2. Power Train Components
     5.3.3. Interior
     5.3.4. Exterior
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Automotive Composites Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Automotive Composites Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Automotive Composites Demand Share Forecast, 2019-2026
7. North America Automotive Composites Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Automotive Composites Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Automotive Composites Market Size and Volume Forecast by Applications
     7.4.1. Structural Assembly
     7.4.2. Power Train Components
     7.4.3. Interior
     7.4.4. Exterior
     7.4.5. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Automotive Composites Demand Share Forecast, 2019-2026
8. Latin America Automotive Composites Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Automotive Composites Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Automotive Composites Market Size and Volume Forecast by Applications
     8.4.1. Structural Assembly
     8.4.2. Power Train Components
     8.4.3. Interior
     8.4.4. Exterior
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Automotive Composites Demand Share Forecast, 2019-2026
9. Europe Automotive Composites Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Automotive Composites Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Automotive Composites Market Size and Volume Forecast by Applications
     9.4.1. Structural Assembly
     9.4.2. Power Train Components
     9.4.3. Interior
     9.4.4. Exterior
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Automotive Composites Demand Share Forecast, 2019-2026
10. Asia Pacific Automotive Composites Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Automotive Composites Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Automotive Composites Market Size and Volume Forecast by Applications
     10.4.1. Structural Assembly
     10.4.2. Power Train Components
     10.4.3. Interior
     10.4.4. Exterior
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Automotive Composites Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Composites Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Automotive Composites Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Automotive Composites Market Size and Volume Forecast by Applications
     11.4.1. Structural Assembly
     11.4.2. Power Train Components
     11.4.3. Interior
     11.4.4. Exterior
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Automotive Composites Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Automotive Composites Market: Market Share Analysis
  12.2. Automotive Composites Distributors and Customers
  12.3. Automotive Composites Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Cytec Industries, Inc.
     12.4.2. Nippon Sheet Glass Co. Ltd
     12.4.3. 3B-Fiberglass
     12.4.4. SGL Carbon
     12.4.5. Toray Industries, Inc.

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