5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
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:
Key Deliverables in the Study
5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
+1 617-765-2493
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