Japan Sheet Moulded Composite Materials Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The Japan Sheet Moulded Composite Materials Market is experiencing significant growth due to the increasing demand for lightweight and durable materials across various industries. These composite materials are made by combining sheet molding compounds (SMCs) with reinforced fibers, making them ideal for automotive, construction, and industrial applications. As Japan continues to push for advanced manufacturing techniques and sustainable solutions, the Sheet Moulded Composite Materials Market is expected to expand significantly in the coming years.
The automotive industry, in particular, is driving the need for sheet moulded composite materials. Car manufacturers are constantly seeking materials that are lightweight, yet strong enough to meet safety standards. Sheet moulded composites offer the perfect balance, reducing vehicle weight and enhancing fuel efficiency without compromising structural integrity. This is particularly crucial in Japan, where the automotive sector is a key economic driver and companies are focusing on reducing carbon footprints through improved vehicle design and materials.
Another major sector influencing the market is construction. The need for lightweight yet durable materials in infrastructure projects is rising. Sheet moulded composites are used in various construction applications, including cladding, roofing, and floor panels. Their ability to withstand harsh weather conditions and resist corrosion makes them ideal for both residential and commercial buildings in Japan’s climate.
Industrial applications also contribute to the growth of the sheet moulded composite materials market in Japan. Manufacturing processes that require high-performance materials, such as machinery parts and equipment, are increasingly turning to these composites for their strength and cost-efficiency. Additionally, the increased demand for sustainable manufacturing practices in Japan’s industrial sector supports the use of environmentally friendly composites that help reduce overall waste and energy consumption.
Japan’s strong focus on technological innovation, coupled with the increasing awareness of the benefits of lightweight and durable materials, is set to propel the Sheet Moulded Composite Materials Market to new heights. As industries seek materials that meet their specific needs for strength, weight reduction, and sustainability, sheet moulded composites are emerging as a leading solution.
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IDI Composites International
Menzolit
Polynt
Molymer SSP
Continental Structural Plastics
SDK
DIC
Devi Polymers
Japan Composite
Huayuan New Materials
Chia Tai Plastic
Tianma Group
Changzhou Rixin
Fonda Thermoset Plastic
Zhejiang Star New Materials
Beijing Furunda Technology
Jiangsu Changyang Technology
Lutong Composites
Jiangsu Zhaojun New Materials
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Sheet Moulded Composite Materials Market
Glass Fiber Reinforced Plastic (GFRP)
Carbon Fiber Reinforced Plastic (CFRP)
Aramid Fiber Reinforced Plastic (AFRP)
Natural Fiber Reinforced Plastic (NFRP)
Hand Lay-Up
Compression Molding
Resin Transfer Molding (RTM)
Vacuum Infusion
Aerospace
Automotive
Marine
Construction
Electrical & Electronics
Industrial
Automotive Manufacturers
Aerospace Manufacturers
Construction Firms
Electrical Equipment Manufacturers
Consumer Goods Manufacturers
Sheets
Panels
Prepregs
Custom Shapes
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Sheet Moulded Composite Materials Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Sheet Moulded Composite Materials Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Sheet Moulded Composite Materials Market, By Type
6. Japan Sheet Moulded Composite Materials Market, By Application
7. Japan Sheet Moulded Composite Materials Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Sheet Moulded Composite Materials Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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