Japan High Performance Fibers Market Size & Outlook
Japan high performance fibers market, 2017-2030 (US$M)
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Japan high performance fibers market highlights
- The Japan high performance fibers market generated a revenue of USD 1,345.5 million in 2021 and is expected to reach USD 2,863.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.8% from 2022 to 2030.
- In terms of segment, others products was the largest revenue generating product in 2021.
- Polybenzimidazole (PBI) is the most lucrative product segment registering the fastest growth during the forecast period.
High performance fibers market data book summary
| Market revenue in 2021 | USD 1,345.5 million |
| Market revenue in 2030 | USD 2,863.8 million |
| Growth rate | 8.8% (CAGR from 2021 to 2030) |
| Largest segment | Others products |
| Fastest growing segment | Polybenzimidazole (PBI) |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber, Polybenzimidazole (PBI), Aramid Fiber, M5/PIPD, Polybenzoxazole (PBO), Glass Fiber, High Strength Polyethylene, Others Products |
| Key market players worldwide | Toray Industries Inc, DuPont de Nemours Inc, Teijin Ltd, Toyobo Co Ltd, DSM Firmenich AG, Kernel Holding SA, Kolon Industries, Huvis |
Other key industry trends
- In terms of revenue, Japan accounted for 11.3% of the global high performance fibers market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China high performance fibers market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,444.1 million by 2030.
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High Performance Fibers Market Scope
High Performance Fibers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan high performance fibers 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 high performance fibers market will help companies and investors design strategic landscapes.
Others products was the largest segment with a revenue share of 62.13% in 2021. Horizon Databook has segmented the Japan high performance fibers market based on carbon fiber, polybenzimidazole (pbi), aramid fiber, m5/pipd, polybenzoxazole (pbo), glass fiber, high strength polyethylene, others products covering the revenue growth of each sub-segment from 2017 to 2030.
The presence of large number of aircraft manufacturers and significant investments in R&D, along with high investments in military research for the development of specialized & advanced components for aircraft, are likely to boost the demand for high performance fibers over the forecast period.
Major aircraft manufacturers in Japan such as Mitsubishi Heavy Industries (MHI), Kawasaki Heavy Industries (KHI), and Fuji Heavy Industries (FHI) supply about 35% of the aircraft parts for the Boeing 787 and 21% for the Boeing 777.
Thus, manufacturing of commercial aircraft parts is influenced by the demand for Boeing aircraft. The market is witnessing an increase in the entry of new players in the defense sector, with the 50-year ban on exports of military equipment being lifted in 2014.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan high performance fibers market , including forecasts for subscribers. This country databook contains high-level insights into Japan high performance fibers market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan high performance fibers market size, by product, 2017-2030 (US$M)
Japan High Performance Fibers Market Outlook Share, 2021 & 2030 (US$M)
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