Japan Thermoplastic Composites Market Outlook | Growth, Trends, Value, Forecast, Share, Revenue, COVID-19 IMPACT, Size, Analysis, Companies & Industry

Japan Thermoplastic Composites Market Synopsis

The Japan thermoplastic composites market is expected to register a CAGR of 6.4% during the forecast period of 2021-2026. Thermoplastic composites are materials consisting of polymers such as polyamide, polypropylene, and polyethylene reinforced with fibers such as glass fiber, carbon fiber, and aramid that offer better mechanical properties than traditional thermoplastics. These materials have found application in several industries like automotive, aerospace & defense, construction, and consumer goods due to their low weight and high strength characteristics.

Drivers of the Market

The increased demand for lightweight components in the automotive industry is driving the growth of the Japan thermoplastic composite market. Automotive manufacturers are focusing on reducing vehicle weight by using advanced composites like thermoplastics which require less energy for production compared to thermoset counterparts making them more cost-effective options for end users and leading to an increased adoption rate among these companies further fueling the growth of this market over the forecast period.

Challenges of the Market

Thermal instability caused due to poor heat dissipation abilities associated with these materials can lead to inferior performance at higher temperatures thus limiting its scope in certain applications and hampering its overall adoption rate within varied industrial sectors like construction or transportation where temperature resistance is necessary requirement thereby posing challenges towards achieving desired levels of revenue generation through sales across multiple channels throughout the country over a set timeline.

Key Players of the Market

Major players operating in the Japan thermoplastic composite market include SABIC (Saudi Arabia), Solvay SA (Belgium), Hexcel Corporation (US), Toray Industries Inc., Owens Corning (US) Teijin Limited (Japan). Various strategies adopted by major players including collaborations between industry participants coupled with increased investment into research & development activities aimed at improving material characteristics will help propel the Japan thermoplastic composite market over the estimated timeframe

Covid-19 Impact on the Market

The Covid-19 pandemic has had a major impact on the Japan thermoplastic composites market. The sudden halt in production and transportation activities has led to supply disruptions, which has resulted in an increase in prices of raw materials such as glass fibers for thermoplastic composite production. This is expected to further restrain the growth of the market over the forecast period. Moreover, lockdown measures imposed by various governments across countries have significantly hampered sales of thermoplastics composites due to a decrease in automotive and construction activities worldwide. However, with the gradual easing of government restrictions globally and the recovery of these industries from the second half of 2020 onwards, demand for thermoset plastic composites is likely to revive over the 2021-2026 period. It is estimated that Japan???s thermoplastic composite industry will record moderate growth during this time frame owing to rising consumer preference towards lightweight material solutions across numerous industrial applications including automotive & aerospace sectors.

Key Highlights of the Report:

• Japan Thermoplastic Composites Market Outlook
• Market Size of Japan Thermoplastic Composites Market, 2021
• Forecast of Japan Thermoplastic Composites Market, 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Revenues & Volume for the Period 2018 - 2028
• Japan Thermoplastic Composites Market Trend Evolution
• Japan Thermoplastic Composites Market Drivers and Challenges
• Japan Thermoplastic Composites Price Trends
• Japan Thermoplastic Composites Porter's Five Forces
• Japan Thermoplastic Composites Industry Life Cycle
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Resin Type for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By PA for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By PP for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By PEEK for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Hybrid for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Fiber Type for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Carbon for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Glass for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Mineral for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Product Type for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Short Fiber Thermoplastics for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Glass Mat Thermoplastics for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Long Fiber Thermoplastics for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Continuous Fiber Thermoplastics for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Automotive & Transportation for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Oil & Gas for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Aerospace for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Agriculture for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Marine for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Construction for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Electrical & Electronics for the Period 2018 - 2028
• Historical Data and Forecast of Japan Thermoplastic Composites Market Revenues & Volume By Others for the Period 2018 - 2028
• Japan Thermoplastic Composites Import Export Trade Statistics
• Market Opportunity Assessment By Resin Type
• Market Opportunity Assessment By Fiber Type
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Application
• Japan Thermoplastic Composites Top Companies Market Share
• Japan Thermoplastic Composites Competitive Benchmarking By Technical and Operational Parameters
• Japan Thermoplastic Composites Company Profiles
• Japan Thermoplastic Composites Key Strategic Recommendations