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The automotive composites market share in Japan is expected to increase by 187.22 thousand units from 2021 to 2026, at a CAGR of 2.98%.
This automotive composites market in Japan research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the automotive composites market in Japan segmentation by vehicle type (passenger vehicles and commercial vehicles) and application (structural assembly, power train components, and other parts). The automotive composites market in Japan report also offers information on several market vendors, including 3B-the fiberglass Co., BASF SE, BMW AG, General Motors Co., Nippon Electric Glass Co. Ltd., Nitto Boseki Co. Ltd., SGL Carbon SE, Solvay SA, Teijin Ltd., and Toray Industries Inc. among others.
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The growing use of carbon fiber materials in the automotive industry is notably driving the automotive composites market growth in Japan, although factors such as high costs associated with carbon fiber may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive composites industry in Japan. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Composites Market Driver in Japan
One of the key factors driving the automotive composites market growth in Japan is the growing use of carbon fiber materials in the automotive industry. The growing competition among automotive OEMs and automakers is fueling the adoption of advanced materials, including aluminum, carbon fibers, and magnesium, for automotive applications. Carbon fibers are highly preferred materials for automotive applications owing to their high strength-to-weight ratio when compared to metals, which makes them 20% lighter than conventional materials, such as aluminum and titanium. The rise in demand for supercars and the growing popularity of hypercars are fueling sales in the global automotive carbon fiber components market, which are thereby expected to boost the growth of the market in focus during the forecast period.
Key Automotive Composites Market Trend in Japan
Another key factor driving the automotive composites market growth in Japan is the rising preference for lightweight materials. As lightweight materials and innovative designs are crucial for automobile manufacturers to increase their market shares, such materials are increasingly being used in automobiles. A 10% reduction in vehicle weight can increase fuel efficiency by 6%-8%. Furthermore, they help reduce greenhouse emissions and improve fuel efficiency in vehicles. It also helps in reducing maintenance costs as well as carbon dioxide emissions from automobiles. Glass fibers are lightweight and are increasingly used in numerous applications in automobiles. Thus, the rising preference for lightweight materials will drive the demand for glass fibers, thereby propelling the growth of the automotive composites market in Japan during the forecast period.
Key Automotive Composites Market Challenge in Japan
One of the key challenges to the automotive composites market growth in Japan is the high costs associated with carbon fiber as they are more expensive than their substitutes, such as metals, plastics, and polymers. Carbon fibers account for more than 35% of the polymer matrix and are considered a significant raw material in the defense and automobile industries. The costs of manufacturing and R&D associated with carbon fiber are very high, which can reduce the demand for carbon fiber in automotive composites and increase the demand for substitute products. The cost of production and R&D of carbon fiber composites is eight times that of steel, which is expected to challenge the growth of the automotive composites market in Japan during the forecast period.
This automotive composites market in Japan analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the automotive composites market in Japan as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive composites market in Japan during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive composites market in Japan encompasses successful business strategies deployed by the key vendors. The automotive composites market in Japan is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive composites market in Japan forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive composites market in Japan, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global specialty chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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The automotive composites market share growth in Japan by the passenger vehicle segment will be significant during the forecast period. The growth is attributed to the increase in the disposable income of individuals belonging to the middle-class population. As per the data provided by the Organisation Internationale des Constructeurs d?Automobiles (OICA), the total number of passenger cars manufactured in Japan in 2020 was 6,960,025. Furthermore, Japan is one of the highest contributors to passenger car sales and production in APAC.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive composites market size in Japan and actionable market insights on post COVID-19 impact on each segment.
China Automotive Carbon Fiber Composites market - The market share is expected to increase by 3.65 thousand units from 2021 to 2026, at a CAGR of 11.17%.
Carbon Fiber in the Automotive Composites market - The market share is expected to increase by 47.92 thousand MT from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 26.4%.
Thermoset Composites market - The market share is expected to increase by USD 20.73 billion from 2022 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.92%.
Automotive Composites Market Scope in Japan |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 2.98% |
Market growth 2022-2026 |
187.22 th units |
Market structure |
Fragmented |
YoY growth (%) |
3.16 |
Regional analysis |
Japan |
Key companies profiled |
3B-the fiberglass Co., BASF SE, BMW AG, General Motors Co., Nippon Electric Glass Co. Ltd., Nitto Boseki Co. Ltd., SGL Carbon SE, Solvay SA, Teijin Ltd., and Toray Industries Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 6
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 06: Parent market
*Exhibit 07: Market Characteristics
**2.2 Value chain analysis
*Exhibit 08: Value chain analysis
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Support activities
*2.2.3 Marketing and sales
*2.2.7 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*Exhibit 11: Global - Market size and forecast 2021 - 2026 (thousand tons)
*Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5. Market Segmentation by Application
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 20: Application - Market share 2021-2026 (%)
**5.2 Comparison by Application
*Exhibit 21: Comparison by Application
**5.3 Structural assembly - Market size and forecast 2021-2026
*Exhibit 22: Structural assembly - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 23: Structural assembly - Year-over-year growth 2021-2026 (%)
**5.4 Power train components - Market size and forecast 2021-2026
*Exhibit 24: Power train components - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 25: Power train components - Year-over-year growth 2021-2026 (%)
**5.5 Other parts - Market size and forecast 2021-2026
*Exhibit 26: Other parts - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 27: Other parts - Year-over-year growth 2021-2026 (%)
**5.6 Market opportunity by Application
*Exhibit 28: Market opportunity by Application
***6. Market Segmentation by Vehicle type
**6.1 Market segments
*The segments covered in this chapter are:
*Exhibit 29: Vehicle type - Market share 2021-2026 (%)
**6.2 Comparison by Vehicle type
*Exhibit 28: Comparison by Vehicle type
**6.3 Passenger vehicles - Market size and forecast 2021-2026
*Exhibit 31: Passenger vehicles - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 32: Passenger vehicles - Year-over-year growth 2021-2026 (%)
**6.4 Commercial vehicles - Market size and forecast 2021-2026
*Exhibit 33: Commercial vehicles - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 34: Commercial vehicles - Year-over-year growth 2021-2026 (%)
**6.5 Market opportunity by Vehicle type
*Exhibit 35: Market opportunity by Vehicle type
***7. Customer Landscape
**7.1 Overview
*Exhibit 36: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Growing use of carbon fiber materials in the automotive industry
*8.1.2 Increasing compliance by OEMs with strict government regulations
*8.1.3 Increasing demand for passenger vehicles
**8.2 Market challenges
*8.2.1 High costs associated with carbon fiber
*8.2.2 Short-term impact of the COVID-19 pandemic on the automotive industry
*8.2.3 Limited recyclability
*Exhibit 37: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Rising preference for lightweight materials
*8.3.2 Growing demand for carbon fiber-reinforced polymer (CFRP)
*8.3.3 Increase in strategic alliances
***9. Vendor Landscape
**9.1 Competitive scenario
**9.2 Overview
*Exhibit 38: Vendor landscape
**9.3 Landscape disruption
*Exhibit 39: Landscape disruption
*Exhibit 40: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 41: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 42: Market positioning of vendors
**10.3 3B-the fiberglass Co.
*Exhibit 43: 3B-the fiberglass Co. - Overview
*Exhibit 44: 3B-the fiberglass Co. - Product and service
*Exhibit 45: 3B-the fiberglass Co. - Key offerings
**10.4 BASF SE
*Exhibit 46: BASF SE - Overview
*Exhibit 47: BASF SE - Business segments
*Exhibit 48: BASF SE - Key offerings
*Exhibit 49: BASF SE - Segment focus
**10.5 BMW AG
*Exhibit 50: BMW AG - Overview
*Exhibit 51: BMW AG - Business segments
*Exhibit 52: BMW AG - Key offerings
*Exhibit 53: BMW AG - Segment focus
**10.6 General Motors Co.
*Exhibit 54: General Motors Co. - Overview
*Exhibit 55: General Motors Co. - Business segments
*Exhibit 56: General Motors Co.- Key news
*Exhibit 57: General Motors Co. - Key offerings
*Exhibit 58: General Motors Co. - Segment focus
**10.7 Nippon Electric Glass Co. Ltd.
*Exhibit 59: Nippon Electric Glass Co. Ltd. - Overview
*Exhibit 60: Nippon Electric Glass Co. Ltd. - Business segments
*Exhibit 61: Nippon Electric Glass Co. Ltd. - Key offerings
**10.8 Nitto Boseki Co. Ltd.
*Exhibit 62: Nitto Boseki Co. Ltd. - Overview
*Exhibit 63: Nitto Boseki Co. Ltd. - Business segments
*Exhibit 64: Nitto Boseki Co. Ltd. - Key offerings
*Exhibit 65: Nitto Boseki Co. Ltd. - Segment focus
**10.9 SGL Carbon SE
*Exhibit 66: SGL Carbon SE - Overview
*Exhibit 67: SGL Carbon SE - Business segments
*Exhibit 68: SGL Carbon SE - Key offerings
*Exhibit 69: SGL Carbon SE - Segment focus
**10.10 Solvay SA
*Exhibit 70: Solvay SA - Overview
*Exhibit 71: Solvay SA - Business segments
*Exhibit 72: Solvay SA- Key news
*Exhibit 73: Solvay SA - Key offerings
*Exhibit 74: Solvay SA - Segment focus
**10.11 Teijin Ltd.
*Exhibit 75: Teijin Ltd. - Overview
*Exhibit 76: Teijin Ltd. - Business segments
*Exhibit 77: Teijin Ltd. - Key offerings
*Exhibit 78: Teijin Ltd. - Segment focus
**10.12 Toray Industries Inc.
*Exhibit 79: Toray Industries Inc. - Overview
*Exhibit 80: Toray Industries Inc. - Business segments
*Exhibit 81: Toray Industries Inc. - Key offerings
*Exhibit 82: Toray Industries Inc. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 Objective
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 83: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 84: Research Methodology
*Exhibit 85: Validation techniques employed for market sizing
*Exhibit 86: Information sources
**11.4 List of abbreviations
*Exhibit 87: List of abbreviations
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