Japan Automotive Lightweight Material Market Size & Outlook
Japan automotive lightweight material market, 2018-2030 (US$M)
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Japan automotive lightweight material market highlights
- The Japan automotive lightweight material market generated a revenue of USD 3,319.8 million in 2022 and is expected to reach USD 3,872.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 1.9% from 2023 to 2030.
- In terms of segment, composites was the largest revenue generating product in 2022.
- Plastics is the most lucrative product segment registering the fastest growth during the forecast period.
Automotive lightweight material market data book summary
| Market revenue in 2022 | USD 3,319.8 million |
| Market revenue in 2030 | USD 3,872.7 million |
| Growth rate | 1.9% (CAGR from 2022 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Plastics |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metals, Composites, Plastics, Elastomers |
| Key market players worldwide | Basf SE, Toray Industries Inc, LyondellBasell Industries NV Class A, Novelis, ArcelorMittal SA Depository Receipt, Alcon Inc, Owens-Corning Inc, Stratasys Ltd, Tata Steel Ltd GDR - 144A, POSCO Holdings Inc ADR |
Other key industry trends
- In terms of revenue, Japan accounted for 3.9% of the global automotive lightweight material market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China automotive lightweight material market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,641.9 million by 2030.
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Automotive Lightweight Material Market Scope
Automotive Lightweight Material Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan automotive lightweight material market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive lightweight material market will help companies and investors design strategic landscapes.
Composites was the largest segment with a revenue share of 70.96% in 2024. Horizon Databook has segmented the Japan automotive lightweight material market based on metals, composites, plastics, elastomers covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is a key automotive manufacturer in the Asia Pacific and exhibits presence of well-established automotive manufacturers. Japan is a key automotive manufacturer owing to the presence of major car manufacturers such as Toyota, Honda, Nissan, and Suzuki. Major players in the automotive sector in Japan are focusing on manufacturing next-generation vehicles.
These companies are aiming to comply with environmental standards by global authorities and reduce pollution levels from vehicles. This has influenced the utilization of lightweight materials in automotive production and is supporting the growth of composites in the country.
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Our clientele includes a mix of automotive lightweight material market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan automotive lightweight material market , including forecasts for subscribers. This country databook contains high-level insights into Japan automotive lightweight material market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan automotive lightweight material market size, by product, 2018-2030 (US$M)
Japan Automotive Lightweight Material Market Outlook Share, 2024 & 2030 (US$M)
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