×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

Japan Thermoplastic Composites Market

ID: MRFR/CnM/44069-HCR
200 Pages
Chitranshi Jaiswal
October 2025

Japan Thermoplastic Composites Market Research Report By Resin Type (Polyamide, Polypropylene, PEEK, Hybrid, Others), By Fiber Type (Glass Fiber, Carbon Fiber, Others), By Product Type (SFT, LFT, CFT, GMT) and By Application (Aerospace Défense, Automotive Transportation, Consumer Goods, Others)- Forecast to 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Japan Thermoplastic Composites Market Infographic
Purchase Options

Japan Thermoplastic Composites Market Summary

As per analysis, the Japan thermoplastic composites market is projected to grow from USD 1.36 Million in 2025 to USD 3.01 Million by 2035, exhibiting a compound annual growth rate (CAGR) of 8.31% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The Japan thermoplastic composites market is poised for growth driven by sustainability and technological advancements.

  • The aerospace segment remains the largest market for thermoplastic composites, reflecting its critical role in lightweight and durable materials.
  • The automotive sector is the fastest-growing segment, propelled by the increasing demand for fuel-efficient vehicles.
  • Structural components dominate the market, while interior components are experiencing rapid growth due to evolving consumer preferences.
  • Key market drivers include the growing demand in the automotive sector and advancements in recycling technologies.

Market Size & Forecast

2024 Market Size 1.25 (USD Million)
2035 Market Size 3.01 (USD Million)
CAGR (2025 - 2035) 8.31%

Major Players

Toray Industries (JP), Mitsubishi Chemical Corporation (JP), Teijin Limited (JP), Asahi Kasei Corporation (JP), Sumitomo Chemical Company (JP), Hitachi Chemical Company (JP), Nippon Steel Corporation (JP), Daikin Industries (JP)

Japan Thermoplastic Composites Market Trends

The Japan thermoplastic composites market is currently experiencing a notable transformation, driven by advancements in material technology and increasing demand across various sectors. Industries such as automotive, aerospace, and electronics are increasingly adopting thermoplastic composites due to their lightweight properties, durability, and resistance to environmental factors. This shift is further supported by government initiatives aimed at promoting sustainable manufacturing practices, which align with the growing emphasis on reducing carbon footprints. As a result, manufacturers are investing in research and development to enhance the performance characteristics of these materials, potentially leading to innovative applications in the near future. Moreover, the market landscape is characterized by a competitive environment where local and international players strive to establish their presence. The collaboration between academia and industry is fostering innovation, as universities and research institutions in Japan are exploring new composite formulations and processing techniques. This synergy may lead to the emergence of novel products that cater to specific industry needs. Additionally, the increasing focus on recycling and circular economy principles is likely to influence the production and consumption patterns within the Japan thermoplastic composites market, suggesting a shift towards more sustainable practices in the coming years.

Sustainable Manufacturing Practices

The Japan thermoplastic composites market is witnessing a trend towards sustainable manufacturing practices. This shift is largely influenced by government policies promoting eco-friendly materials and processes. Manufacturers are increasingly focusing on reducing waste and energy consumption, which aligns with the global push for sustainability. As a result, there is a growing interest in bio-based thermoplastic composites, which could potentially replace traditional petroleum-based materials.

Technological Advancements in Material Properties

Technological advancements are playing a crucial role in the evolution of the Japan thermoplastic composites market. Innovations in material science are leading to the development of composites with enhanced mechanical properties, thermal stability, and resistance to chemicals. These improvements are making thermoplastic composites more appealing for high-performance applications in sectors such as automotive and aerospace, where reliability and efficiency are paramount.

Increased Collaboration Between Industry and Academia

There is a noticeable increase in collaboration between industry players and academic institutions within the Japan thermoplastic composites market. This partnership is fostering research and development initiatives aimed at creating innovative composite materials and processing techniques. Such collaborations are expected to accelerate the commercialization of new products, thereby enhancing the competitive landscape and driving market growth.

Market Segment Insights

By Application: Aerospace (Largest) vs. Automotive (Fastest-Growing)

In the Japan thermoplastic composites market, the application segments display a diverse distribution of market share, with aerospace leading as the largest segment. The aerospace sector notably utilizes thermoplastic composites for their lightweight and durability features, essential for enhancing fuel efficiency and performance. Automotive and electronics applications follow, predominantly benefiting from advancements in lightweight materials that improve fuel efficiency and electrical performance. Construction and consumer goods sectors capitalize on thermoplastics' versatility but have comparatively smaller market shares.

Aerospace: Dominant vs. Automotive: Emerging

The aerospace sector emerges as the dominant application in Japan's thermoplastic composites market due to its stringent requirements for materials that can withstand extreme conditions while remaining lightweight. Innovations in composite technologies are tailored specifically for aerospace applications, which enhance structural performance and reduce overall weight. In contrast, the automotive segment is rapidly growing as manufacturers shift towards more sustainable practices and materials. This segment is characterized by its focus on enhancing vehicle efficiency while reducing emissions. Automotive applications are increasingly integrating thermoplastic composites, driven by the need for lighter components that do not compromise safety or performance.

By End Use: Structural Components (Largest) vs. Interior Components (Fastest-Growing)

In the Japan thermoplastic composites market, the end-use segment is diversified, with structural components holding a dominant market share. This category benefits from the increasing demand for lightweight and high-strength materials in various applications, especially in the automotive and aerospace sectors. Interior components are witnessing rapid growth due to rising consumer preferences for lightweight materials that enhance fuel efficiency and sustainability in vehicle designs. Thus, the market exhibits a competitive distribution among these segments.

Structural Components (Dominant) vs. Interior Components (Emerging)

Structural components are a key player in the thermoplastic composites market in Japan, characterized by their high strength-to-weight ratio and durability. They are predominantly utilized in automotive and aerospace applications, where performance and safety are paramount. These components are integral in reducing the overall weight of vehicles, thereby improving fuel efficiency. Conversely, interior components are emerging rapidly, driven by consumer demands for aesthetic appeal and lightweight materials. These components include dashboards, seating, and decorative elements, catering to the growing trend toward enhanced interior designs in vehicles. Their innovative designs combined with sustainability initiatives make them highly sought after in the market.

By Material Type: Polypropylene (Largest) vs. Polyamide (Fastest-Growing)

In the Japan thermoplastic composites market, the material type segment showcases significant diversity, with polypropylene leading due to its exceptional versatility and cost-effectiveness. This material accounts for the largest share, appealing to a wide range of applications spanning automotive, construction, and consumer goods. Polyamide, on the other hand, has emerged as the fastest-growing segment, driven by its superior mechanical properties and increasing adoption in automotive and electronic applications.

Polypropylene (Dominant) vs. Polyamide (Emerging)

Polypropylene stands out as the dominant material in the Japan thermoplastic composites market, known for its balance of strength, flexibility, and resistance to environmental stress. Its affordability and ease of processing have made it the preferred choice among manufacturers across various industries. In contrast, polyamide is gaining traction as an emerging material, particularly in high-performance applications that require enhanced durability and thermal stability. This growing popularity is attributed to advancements in material technology and the ongoing shift towards lightweight composites, which fulfill the demands for sustainability and performance in modern applications.

By Manufacturing Process: Injection Molding (Largest) vs. Thermoforming (Fastest-Growing)

In the Japan thermoplastic composites market, injection molding holds the largest share owing to its efficiency and versatility in producing complex shapes and components. This manufacturing process is favored for its ability to produce high-volume parts with consistent quality, making it a go-to choice for various applications across industries. Meanwhile, thermoforming, which is rapidly gaining traction, offers lower production costs and shorter lead times, catering to a growing demand for customized products and small batches.

Injection Molding (Dominant) vs. Thermoforming (Emerging)

Injection molding is recognized for its capability of mass-producing intricate components with high precision, making it the dominant force in the Japan thermoplastic composites market. Industries such as automotive and consumer goods heavily rely on this method due to its efficiency and ability to reduce material waste. In contrast, thermoforming is an emerging process that is witnessing significant growth, driven by its flexibility and lower capital investment requirements. It is particularly suited for applications that demand rapid prototyping and customized designs, appealing to smaller businesses and niche markets.

By Reinforcement Type: Glass Fiber (Largest) vs. Carbon Fiber (Fastest-Growing)

In the Japan thermoplastic composites market, the reinforcement type segment is experiencing a diverse distribution of market shares. Glass fiber is recognized as the largest segment, widely utilized for its cost-effectiveness and adequate mechanical properties. Meanwhile, carbon fiber, though smaller in terms of current market share, is gaining traction due to its superior performance, lightweight characteristics, and increasing applications in high-performance sectors like automotive and aerospace.

Glass Fiber (Dominant) vs. Carbon Fiber (Emerging)

Glass fiber remains the dominant force in the Japan thermoplastic composites market, favored for its affordability and strength, making it suitable for a variety of applications, from construction to consumer goods. On the other hand, carbon fiber is emerging rapidly, characterized by its exceptional strength-to-weight ratio and corrosion resistance, making it ideal for high-performance applications. Rapid technological advancements and growing demand for lightweight solutions are propelling carbon fiber’s market presence. As industries seek enhanced performance materials, the competition between glass and carbon fiber is intensifying, with carbon fiber poised to capture a significant share in specialized markets.

Get more detailed insights about Japan Thermoplastic Composites Market

Key Players and Competitive Insights

The thermoplastic composites market in Japan is characterized by a dynamic competitive landscape, driven by innovation, sustainability, and strategic partnerships. Key players such as Toray Industries (Japan), Mitsubishi Chemical Corporation (Japan), and Teijin Limited (Japan) are at the forefront, each adopting distinct strategies to enhance their market positioning. Toray Industries (Japan) focuses on advanced material development, emphasizing lightweight and high-performance composites, which aligns with the growing demand in automotive and aerospace sectors. Meanwhile, Mitsubishi Chemical Corporation (Japan) is actively pursuing mergers and acquisitions to bolster its product portfolio and expand its market reach, indicating a strategy aimed at consolidating its competitive edge. Teijin Limited (Japan) appears to be concentrating on sustainability initiatives, integrating eco-friendly practices into its production processes, which resonates with the increasing consumer preference for environmentally responsible products.

The business tactics employed by these companies reflect a concerted effort to optimize supply chains and localize manufacturing. The market structure is moderately fragmented, with several players vying for market share, yet the influence of major companies is palpable. This competitive environment fosters innovation and drives advancements in thermoplastic composite technologies, as companies strive to differentiate themselves through unique offerings and enhanced performance characteristics.

In November 2025, Toray Industries (Japan) announced a strategic partnership with a leading automotive manufacturer to develop next-generation thermoplastic composites aimed at reducing vehicle weight and improving fuel efficiency. This collaboration is significant as it not only enhances Toray's product application in the automotive sector but also positions the company as a key player in the transition towards more sustainable transportation solutions.

In October 2025, Mitsubishi Chemical Corporation (Japan) completed the acquisition of a smaller composite materials firm, thereby expanding its capabilities in high-performance thermoplastics. This move is indicative of a broader trend where larger firms seek to integrate innovative technologies and specialized expertise, thereby enhancing their competitive positioning in a rapidly evolving market.

In September 2025, Teijin Limited (Japan) launched a new line of bio-based thermoplastic composites, which underscores its commitment to sustainability. This product line not only caters to the growing demand for eco-friendly materials but also reflects a strategic pivot towards integrating renewable resources into their manufacturing processes, potentially setting a benchmark for industry standards.

As of December 2025, the competitive trends in the thermoplastic composites market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence in production processes. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in driving innovation and enhancing supply chain resilience. Looking ahead, the competitive differentiation in this market is likely to evolve from traditional price-based competition towards a focus on technological advancements, innovative product development, and reliable supply chains, thereby reshaping the landscape of thermoplastic composites.

Key Companies in the Japan Thermoplastic Composites Market market include

Industry Developments

The Japan Thermoplastic Composites Market has recently witnessed significant developments, including increasing investment in advanced manufacturing technologies. Companies like Toray Industries and Mitsubishi Chemical are enhancing their production capabilities to meet the growing demand from the automotive and aerospace sectors, as thermoplastic composites offer lightweight and durable alternatives to traditional materials. There has been notable growth in the market valuation of SABIC and Covestro, driven by expanding applications and technological advancements. 

Additionally, in April 2023, Hexcel Corporation announced a strategic partnership with a Japanese aerospace firm, aiming to co-develop innovative thermoplastic composite materials for aircraft applications. The merger landscape remains active, with Solvay targeting expansion through potential acquisitions in the region, focusing on strengthening its position in the automotive sector. 

Furthermore, Teijin is exploring joint ventures to enhance its RD efforts in thermoplastic composites, responding to the increasing need for sustainability in manufacturing. The Japanese government has been supporting the composites market through initiatives aimed at innovation and competitiveness, fostering a conducive environment for both established companies and new entrants in the thermoplastic composites space.

Future Outlook

Japan Thermoplastic Composites Market Future Outlook

The Japan thermoplastic composites market is poised for growth at 8.31% CAGR from 2024 to 2035, driven by advancements in manufacturing technologies and increasing demand in automotive and aerospace sectors.

New opportunities lie in:

  • Development of lightweight automotive components for fuel efficiency
  • Expansion into renewable energy applications, such as wind turbine blades
  • Investment in advanced recycling technologies for thermoplastic composites

By 2035, the market is expected to achieve substantial growth, solidifying its position in various industries.

Market Segmentation

Japan Thermoplastic Composites Market End Use Outlook

  • Structural Components
  • Interior Components
  • Exterior Components
  • Electrical Components

Japan Thermoplastic Composites Market Application Outlook

  • Aerospace
  • Automotive
  • Electronics
  • Construction
  • Consumer Goods

Japan Thermoplastic Composites Market Material Type Outlook

  • Polypropylene
  • Polyamide
  • Polycarbonate
  • Polyethylene

Japan Thermoplastic Composites Market Reinforcement Type Outlook

  • Glass Fiber
  • Carbon Fiber
  • Natural Fiber
  • Aramid Fiber

Japan Thermoplastic Composites Market Manufacturing Process Outlook

  • Injection Molding
  • Compression Molding
  • Thermoforming
  • Filament Winding

Report Scope

MARKET SIZE 20241.25(USD Million)
MARKET SIZE 20251.36(USD Million)
MARKET SIZE 20353.01(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)8.31% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledToray Industries (JP), Mitsubishi Chemical Corporation (JP), Teijin Limited (JP), Asahi Kasei Corporation (JP), Sumitomo Chemical Company (JP), Hitachi Chemical Company (JP), Nippon Steel Corporation (JP), Daikin Industries (JP)
Segments CoveredApplication, End Use, Material Type, Manufacturing Process, Reinforcement Type
Key Market OpportunitiesGrowing demand for lightweight materials in automotive and aerospace sectors drives Japan thermoplastic composites market expansion.
Key Market DynamicsRising demand for lightweight materials in automotive and aerospace sectors drives growth in Japan's thermoplastic composites market.
Countries CoveredJapan

Leave a Comment

FAQs

What is the expected market size of the Japan Thermoplastic Composites Market in 2024?

The expected market size for the Japan Thermoplastic Composites Market in 2024 is valued at 1251.94 USD Million.

What is the projected market size for the Japan Thermoplastic Composites Market by 2035?

By 2035, the Japan Thermoplastic Composites Market is projected to reach a value of 2155.5 USD Million.

What is the expected CAGR for the Japan Thermoplastic Composites Market from 2025 to 2035?

The anticipated CAGR for the Japan Thermoplastic Composites Market from 2025 to 2035 is 5.063.

Which segment of resin type holds the largest market share by value in 2024?

In 2024, Polypropylene holds the largest market share among resin types, valued at 400.0 USD Million.

What is the expected value of Polyamide in the Japan Thermoplastic Composites Market by 2035?

The expected value of Polyamide in the Japan Thermoplastic Composites Market by 2035 is 520.0 USD Million.

Who are the key players in the Japan Thermoplastic Composites Market?

Key players in the Japan Thermoplastic Composites Market include SABIC, Hexcel Corporation, Solvay, and Toray Industries.

What is the market value of the Hybrid segment in 2024?

The market value of the Hybrid segment in the Japan Thermoplastic Composites Market in 2024 is 150.0 USD Million.

What is the expected market size for the Others resin type segment by 2035?

The Others resin type segment is expected to be valued at 315.5 USD Million by 2035.

What are the growth drivers for the Japan Thermoplastic Composites Market?

Key growth drivers for the Japan Thermoplastic Composites Market include increasing applications in automotive and aerospace industries.

Are there any emerging trends in the Japan Thermoplastic Composites Market?

Emerging trends in the market include advancements in material technology and growing demand for lightweight materials.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions