Japan Automotive Exterior Composites Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 8.1% from 2024 to 2030.
The Japan Automotive Exterior Composites Market has been steadily growing in recent years, driven by the increasing demand for lightweight, durable, and cost-effective materials in the automotive industry. As automakers aim to reduce vehicle weight and improve fuel efficiency, composites are becoming the material of choice for exterior applications, such as body panels, bumpers, and fenders. The rising emphasis on sustainability, along with government regulations on emissions and fuel economy, is pushing manufacturers to adopt advanced composite materials.
The demand for automotive exterior composites is heavily influenced by the requirements of various industries. In the automotive sector, manufacturers are increasingly focusing on reducing vehicle weight without compromising strength and safety. Composites, especially carbon fiber and fiberglass, offer a perfect balance of strength, durability, and weight reduction. For example, carbon fiber composites are known for their exceptional strength-to-weight ratio, making them ideal for high-performance vehicles and electric cars. This trend is expected to continue as automakers look to meet stringent environmental standards while delivering vehicles that are both efficient and safe.
Additionally, the Japan Automotive Exterior Composites Market is witnessing a surge in demand from electric vehicle (EV) manufacturers. As EVs require lightweight materials to optimize battery efficiency and driving range, composites are increasingly being used in various exterior components. For instance, body panels made of composites help in minimizing overall vehicle weight, directly contributing to the EV's overall performance and energy efficiency.
Another key factor driving the growth of the market is the increased adoption of advanced manufacturing techniques. Processes like resin transfer molding (RTM) and vacuum-assisted resin transfer molding (VARTM) allow for the production of complex composite parts with minimal waste, reducing overall manufacturing costs. These advancements make automotive exterior composites more accessible to a broader range of manufacturers, including smaller companies looking to incorporate lightweight materials into their vehicle designs.
As the demand for high-performance and energy-efficient vehicles rises, the Japan Automotive Exterior Composites Market is expected to experience robust growth. Companies are investing heavily in research and development to explore new composite materials that can further enhance the performance and sustainability of automotive components. The integration of composites in exterior applications is just one example of how innovation in materials is shaping the future of the automotive industry.
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Celanese
DSM
DowDuPont
Huntsman
Ashland
LyondellBasell
Owens Corning
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 Automotive Exterior Composites Market
Polymer Matrix Composites
Metal Matrix Composites
Ceramic Matrix Composites
Hybrid Composites
Bumpers
Bodies
Doors
Hoods
Roof Systems
Injection Molding
Compression Molding
Sheet Molding Compound (SMC)
Continue Fiber Reinforced Thermoplastic (CFRTP)
Resin Transfer Molding (RTM)
Passenger Cars
Commercial Vehicles
Luxury Vehicles
Electric Vehicles
Sport Utility Vehicles (SUVs)
Weight Reduction
Chemical Resistance
Thermal Stability
Impact Resistance
Aesthetics and Finish Quality
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Automotive Exterior Composites 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 Automotive Exterior Composites Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Automotive Exterior Composites Market, By Type
6. Japan Automotive Exterior Composites Market, By Application
7. Japan Automotive Exterior Composites Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Automotive Exterior Composites Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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