Japan Composites Market Size & Outlook, 2022-2030
Japan composites market, 2018-2030 (US$M)
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Japan composites market highlights
- The Japan composites market generated a revenue of USD 7,872.0 million in 2022 and is expected to reach USD 14,363.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.8% from 2023 to 2030.
- In terms of segment, glass fiber others was the largest revenue generating product in 2022.
- Carbon Fiber is the most lucrative product segment registering the fastest growth during the forecast period.
Composites market data book summary
| Market revenue in 2022 | USD 7,872.0 million |
| Market revenue in 2030 | USD 14,363.1 million |
| Growth rate | 7.8% (CAGR from 2022 to 2030) |
| Largest segment | Glass fiber others |
| Fastest growing segment | Carbon Fiber |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber, Glass Fiber Others |
| Key market players worldwide | Teijin Ltd, Toray Industries Inc, Owens-Corning Inc, PPG Industries Inc, Huntsman Corp, SGL Group, Hexcel Corp, DuPont de Nemours Inc, Compagnie de Saint-Gobain SA, Weyerhaeuser Co, Cytec Industries, Jushi, KINECO, Momentive, Veplas Group |
Other key industry trends
- In terms of revenue, Japan accounted for 8.4% of the global composites market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China composites market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 17,810.6 million by 2030.
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Composites Market Scope
Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan composites 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 composites market will help companies and investors design strategic landscapes.
Glass fiber others was the largest segment with a revenue share of 63.84% in 2022. Horizon Databook has segmented the Japan composites market based on carbon fiber, glass fiber others covering the revenue growth of each sub-segment from 2018 to 2030.
In the electronics and automotive sectors, Japan is hub to several of the key players, such as Sony, Toyota, Honda and Suzuki, due to which the region is developing with highly innovative technologies and applications.
The increasing government investments in automation for different manufacturing industries would contribute to the growth in demand for composites in electronics and automotive manufacturing, owing to its properties like heat & fire resistance, lightweight, etc.
The automotive companies in the country 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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Target buyers of Japan composites market databook
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Our clientele includes a mix of composites market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan composites market , including forecasts for subscribers. This country databook contains high-level insights into Japan composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan composites market size, by product, 2018-2030 (US$M)
Japan Composites Market Outlook Share, 2022 & 2030 (US$M)
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