Japan Glass Fiber Reinforced Thermoplastic Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
In the Japan glass fiber reinforced thermoplastic market, the automotive sector stands out as a significant application area. This is due to the industry's ongoing pursuit of materials that offer both strength and lightweight properties. Glass fiber reinforced thermoplastics (GFRTP) provide a unique combination of high tensile strength and low weight, making them ideal for use in various automotive components. These materials contribute to improved fuel efficiency, reduced emissions, and enhanced overall vehicle performance. The automotive industry employs GFRTP in parts such as bumpers, dashboards, and structural components to enhance durability and safety while maintaining a lighter vehicle weight.
With advancements in material technology, the use of GFRTP in automotive applications is expanding. Manufacturers are increasingly adopting these materials to meet stringent regulations and consumer demands for more efficient vehicles. The ability of GFRTP to be molded into complex shapes also allows for innovative design possibilities, which can improve aerodynamics and vehicle aesthetics. As the automotive industry continues to evolve, the demand for advanced materials like glass fiber reinforced thermoplastics is expected to grow, further driving market development in this sector.
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Asahi Kasei Corporation
GS Caltex Czech
Celanese Corporation
Mitsubishi Chemical Group
Avient
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 Glass Fiber Reinforced Thermoplastic Market
5G & IoT Communications
Building Materials
Electric Vehicles
Fluid Handling
Others
Based on Types the Market is categorized into Below types that held the largest Glass Fiber Reinforced Thermoplastic market share In 2023.
30% Glass Fiber
40% Glass Fiber
60% Glass Fiber
Others
Japan (United States, Japan and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Japan Glass Fiber Reinforced Thermoplastic 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 Glass Fiber Reinforced Thermoplastic Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Glass Fiber Reinforced Thermoplastic Market, By Type
6. Japan Glass Fiber Reinforced Thermoplastic Market, By Application
7. Japan Glass Fiber Reinforced Thermoplastic Market, By Geography
Japan
Europe
Asia Pacific
Rest of the World
8. Japan Glass Fiber Reinforced Thermoplastic Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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