The Japan high-temperature composite resin market is anticipated to grow at a CAGR of 8.7% during the forecast period. The major factor fueling the growth of the market is the presence of global companies such as Sumitomo Bakelite Co. Ltd., Mitsui Chemicals, Inc., Shikoku Chemicals Corp., Dupont De Nemours, Inc., and others in the country. In addition to this, the increasing R&D activities coupled with R&D facilities across the country that are engaged in the field of composite resins including various other materials will also aid in the expansion of the market. For instance, in August 2015, Teijin opened a new technology development center at its Matsuyama Factory in Matsuyama, Japan. The technology development center is engaged in developing and providing solutions for high-performance-based composite materials.
Browse the full report description of "Japan High-Temperature Composite Resin Market Size, Share & Trends Analysis Report By Type (Epoxy, Phenolic, Polyimide, Bismaleimides (BMI), and Others), By Manufacturing Process (Layup, Injection Molding, Pultrusion Molding, Filament Winding, and Others), By End-user (Aerospace and Defense, Transportation, Electrical & Electronics, and Others), and Forecast period- 2019-2025" at https://www.omrglobal.com/industry-reports/japan-high-temperature-composite-resin-market
Furthermore, the application of composite resin to increase fuel efficiency is rising at a rapid pace across the globe. Therefore, the imposing of various rules and regulations by the Japanese government regarding CO2 emissions are anticipated to propel the growth of the high-temperature composite resin market in the country. The country has decided to cut 25% of CO2 emissions by the end of 2020. Moreover, aircraft companies in Japan, such as IHI and Subaru, are engaged in the business of maintenance, repair, and overhaul and work on more than 100 aircraft per year. This will also provide various growth opportunities to the high-temperature composite resin market.
Market Coverage
o By Type
o By Manufacturing Process
o By End-User
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
Japan High-Temperatur Composite Resin Market Report Segment
By Type
By Manufacturing Process
By End-User