Japan Automotive Glass Fiber Composites Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Japan is the second largest automotive fiberglass market in the Asia-Pacific region. There is a huge demand for economical, small and lightweight passenger cars in Japan that positively affects the demand of passenger cars in the country. The demand for automotive fiberglass is generated from these categories of light vehicles and also from the hybrid vehicles that comprise a significant share in the country.

The trend of growth in the country is expected to continue during the forecast period. Continuous product developments in the region will help the market in the region grow significantly in the forecast period.  Glass fiber substitutes such as carbon fiber, aramid and urethane also pose a serious challenge to the growth of automotive fiberglass market in the country. Easy availability of quality raw materials at an economical rate and increasing demand for lightweight fiber glass for automotive application from Japanese automakers will propel the automotive fiberglass market in Japan.

Japan will be the third-largest automobile manufacturer in the world by the end of 2015. Though there is an absence of tariffs on automobile imports, the non-tariff barriers help the country to protect itself from foreign competition to a reasonable extent. Significant portions of the vehicles produced in Japan are primarily exported to the North American and European regions.

The market is segmented based on the production process type and application type. In a nutshell, automobile component manufacturers are focusing on collaborating with the top fiberglass manufacturers in order to produce durable, heat resistant and lightweight automotive components.

Some of the key players in Japan’s market for automotive fiberglass are:

• Braj Binani Group
• Fiber Glass Industries
• Jiangsu Changhai Composite Materials Co. Ltd.
• Kemrock Industries and Exports Limited
• Nitto Boseki Co, Ltd.

Key Deliverables in the Study

• Market analysis for the automotive glass fiber market in Japan with region specific assessments and competition analysis on global and regional scale.
• Market definition along with the identification of key drivers and restraints.
• Identification of factors instrumental in changing the market scenario and rising prospective opportunities, along with the identification of key companies that can influence this market on a global and regional scale.
• Extensively researched competitive landscape section with profiles of major companies along with their market share.
• Identification and analysis of the macro and micro factors that affect the market on both global and regional scale.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
• Wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
• Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.