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市場調查報告書

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1491719

日本熱固性塑膠市場評估：依類型、依加工方法、依應用、依最終用途行業、依地區、機會和預測，2018-2032 年

Japan Thermoset Plastics Market Assessment, By Type, By Processing Method, By Application, By End-use Industry, By Region, Opportunities and Forecast, FY2018-FY2032F

出版日期: 2024年06月10日 | 出版商:

Market Xcel - Markets and Data | 英文 119 Pages | 商品交期: 3-5個工作天內

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簡介目錄圖表

預計2025-2032年預測期內，日本熱固性塑膠市場規模將以5.38%的複合年增長率擴大，從2023年的51.0788億美元增加至2032年的82.0415億美元。該市場的成長得益於工程塑膠使用的快速發展。

到2032年，由於使用木質素的生物基酚醛樹脂的開發進展以及碳纖維增強塑料一體成型技術的快速發展，日本熱固性塑料市場將出現增長。因此，這些發展預計將增加多個產業對熱固性聚合物的需求，包括鋼鐵、化肥和汽車產業。

由於日本嚴格的廢棄物管理和回收法，回收技術和可持續的熱固性聚合物正在開發中。Nippon Steel Chemical提供熱固性樹脂材料，以提高工業設施、橋樑和管道塗層的耐用性和耐腐蝕性。這有助於擴大對熱固性樹脂的需求。

該報告考察了日本熱固性塑膠市場，並提供了市場概況，包括依類型、加工方法、應用、最終用途行業、地區以及參與市場的公司概況劃分的趨勢。

Japan thermoset plastics market is expected to observe a CAGR of 5.38% during the forecast period FY2025-FY2032, rising from USD 5,107.88 million in FY2023 to USD 8,204.15 million in FY2032F. The growth of the market can be attributed to the quick development of the utilization of engineering plastics.

By FY2032, the thermoset plastics market in Japan is anticipated to grow due to the application of thermoset plastics market in Japan, driven by the nation's ongoing development of its bio-based phenolic resins utilizing lignin and the quick development of integrated molding technology for carbon fiber-reinforced plastic. Therefore, it's predicted that these developments would raise the need for thermoset polymers in several industries including steel, fertilizers, and the automobile industry.

Due to Japan's stringent waste management and recycling laws, recycling technology and sustainable thermoset polymers are developing. NIPPON STEEL Chemical & Material Co., Ltd. supplies thermoset resin materials to enhance the durability and corrosion resistance of coatings applied to industrial facilities, bridges, and pipelines. This helps increase the demand for thermoset plastics.

For instance, Mitsui Chemicals Inc. and Microwave Chemical Co., Ltd. are developing chemical recycling technology using microwaves. Microwaves, used as household ovens and telecommunications, can directly and selectively transfer energy to materials, making conventional chemical processes more energy efficient. Environmentally friendly technology can reduce CO2 emissions and generate energy from renewable sources.

Saturated polyester resins, epoxy resins, and polyurethane foam manufacturing have increased significantly in the market, indicating a persistent need for these materials. Recent business changes that may affect the direction of thermoset plastic market in the future include advancements in manufacturing technology and the emergence of eco-friendly alternatives.

For instance, Daicel Corporation, specialist in innovative thermoset plastics solutions, is serving several industries including automotive, electronics, construction, and healthcare. Automotive parts, electrical components, building materials, and medical devices employ phenolic resins, epoxy resins, and polyurethane systems. Due to its concentration on these areas, Daicel is a reliable partner for companies looking for high-performance thermoset plastics solutions. It helps to propel innovation and sustainable growth in Japan's industrial sector.

Thermoset Plastics Revolutionize Vehicle Lightweighting in EVs

Advance development in lightweight electric vehicles (EVs) has surged Japan's thermoset plastic market. Players in Japan's thermoset market are collaborating to develop advanced thermoset resin molding, while companies such as Nissei Plastic aim to optimize the injection pressure, which can help manufacturers create parts with tighter tolerances and improved quality. Overall, Japan's automotive sector shows a bigger trend towards lightweight vehicles and sustainability, which can significantly impact the EV manufacturing while increasing the demand for thermoset plastics.

For instance, Celanese Corporation has launched two new polyamide solutions for electric vehicle powertrain components and battery applications. The Frianyl PA W-series flame-retardant polyamide solutions enable the production of large, thick-walled components for EV batteries. These solutions improve safety, design, and manufacturing efficiency. Applications include battery module housings and electronic box housings. The Frianyl PA W Series solutions have an excellent relative tracking index even after 1,000 hours of aging at 125 degrees Celsius. They offer remarkable long-term color stability, without visible changes to the naked eye or color laboratory measurements.

Wind Energy Industry Fuels Japan Thermoset Plastics Market Size

Wind energy generation promotes sustainability and economic progress by accelerating income creation through sophisticated recycling techniques in the thermoset plastics market. For instance, according to the Japan Wind Power Association (JWPA), by the end of FY2023, Japan's total installed wind power capacity reached 5,213.4 MW. Due to breakthrough methods in small-molecule assistance, it is now possible to recycle wind turbine blades with up to 100% resin degradation yield for waste composite materials. Furthermore, as Japan and other countries increase their investments in wind power, using carbon fiber composites may generate economic growth while supporting sustainability in the market.

Increasing Utilization of Epoxy in Thermoset Plastics Dominates Japan Thermoset Plastics Market

Epoxy resins are essential thermoset polymers with unique characteristics and can be used in a wide temperature range. Epoxy has the highest contribution in Japan thermoset plastics market due to increasing use of epoxy in electrical components, paintbrush manufacturing, adhesives for structural usage, metal coatings, and high-tension electrical insulators increasing the demand of epoxy in thermoset plastics market in Japan. For instance, DIC's epoxy resin curing agent, which can withstand temperatures up to 200 degrees Celsius and is recyclable, makes it easier to remold thermoset plastics, which were previously difficult to recycle.

Adoption of Injection Molding Technology in Japan Thermoset Plastics

As per the processing type, injection molding holds dominant market share due to its increasing usage in thermoset plastics leading to chemical crosslinking and hardening of polymer. Thermoset injection molding equipment generally includes a hydraulically driven clamping device for mold closure and an injection device for conveying materials, producing thermoset plastics used in the automobile industry and medical devices. Injection moldings offer advantages such as high production efficiency, intricate design capabilities, and consistent quality, making it a favored option among manufacturers for a wide range of applications.

South Japan Become the Highest Contributor in the Market

In 2024, the southern region of Japan has the highest share in Japan thermoset plastics market, followed by the north region. Japan's regions are expected to experience a rise in power generation sector which will fuel the advancement of thermoset plastics. Thermoset plastics are successively employed in numerous applications, significantly contributing to the efficiency and reliability of power generation processes. For instance, NIPPON STEEL Chemical & Material Co., Ltd operates manufacturing plants across Japan, including Tokyo, Osaka, and Nagoya. The company continuously develops advanced technology and production capabilities to meet the demand for thermoset plastics.

Future Market Scenario (FY2025 - FY2032F)

As per Japan thermoset plastic market analysis, the demand for thermoset plastics will significantly increase over the forecast period, owing to rising demand from key End-use industries, including transportation, automotive, marine, aviation, power generation, oil, refinery, and others. Thermoset materials play a crucial role in the rising research and development activities for construction of wind turbine blades, solar panels, and other renewable energy infrastructure. For instance, the expansion of wind power generation capacities has expanded from 6.5 GW in FY2018 to 8.2 GW in FY2021 and solar power capacity has increased from 15.9 GW in FY2018 to 27.9 GW in FY2021. Additionally, thermoset plastics are heavily utilized for tanks, corrosion-resistant pipes, and insulation materials in the oil and refinery industries. As Japan continues to invest in infrastructure development and modernization of its oil and refinery facilities the demand for thermoset materials is expected to rise. Also, thermoset polymers are preferred within the maritime and aviation sectors because of their high strength-to-weight ratio and resistance to corrosion. Japan is predicted to become a maritime and aerospace-focused nation, which will increase demand for thermoset composites in shipbuilding, aircraft interiors, and structural components.

For instance, Daicel Corporation and Polyplastics Co., Ltd. partnered together to innovative thermoset plastic products with improved mechanical strength, flame retardancy, and heat resistance. The collaboration helps strengthen the companies' competitive positions and differentiation in thermoset plastics market through technological leadership and product innovation, which will enhance their competitive standing in the thermoset plastics industry by means of technological leadership and product innovation.

Similarly, Microwave Chemical Co., Ltd. and Mitsui Chemicals Inc. are creating chemical recycling technology that can lower CO2 emissions and increase the energy efficiency of existing chemical operations using microwaves. The firm is engaged in the chemical recycling of plastics, including thermosetting sheet molding compound, flexible polyurethane foam, and waste from car shredders. Both businesses want to begin demonstration testing shortly following verification testing at a bench facility since early tests have yielded encouraging findings. The objective is to transform difficult plastic waste streams into premium materials that won't sacrifice quality and are appropriate for delicate applications.

Key Players Landscape and Outlook

The leading manufacturers in Japan thermoset plastics market are Mitsui Chemicals, Inc., KISCO Ltd., NIPPON STEEL Chemical & Materials, and others. The growth of the market is supported by the rapid expansion of the product portfolio by various companies, moving towards collaborations or acquisitions, new product development, and adopting other strategies which in turn will boost the demand for thermoset plastics market in Japan. For instance, in 2020, Daicel Corporation, one of the major players in Japan, acquired Celanese Corporation's engineering plastics business section for USD 1.58 billion to diversify into more sophisticated engineering plastics and create new products. It is a calculated risk that should increase the company's resilience in the supply chain and its market competitiveness.

1. Research Methodology

2. Project Scope and Definitions

3. Executive Summary

4. Voice of Customer

4.1. Market Awareness and Product Information
4.2. Brand Awareness and Loyalty
4.3. Factors Considered in Purchase Decision
- 4.3.1. Brand Name
- 4.3.2. Quality
- 4.3.3. Quantity
- 4.3.4. Price
- 4.3.5. Product Specification
- 4.3.6. Application Specification
- 4.3.7. Shelf-Life
- 4.3.8. Availability of Product
4.4. Frequency of Purchase
4.5. Medium of Purchase

5. Japan Thermoset Plastic Market Outlook, FY2018-FY2032F

5.1. Market Size & Forecast
- 5.1.1. By Value
- 5.1.2. By Volume
5.2. By Type
- 5.2.1. Unsaturated Polyesters
- 5.2.2. Polyurethanes
- 5.2.3. Epoxy
- 5.2.4. Phenol Formaldehyde Resins
- 5.2.5. Phenolic
- 5.2.6. Amino
- 5.2.7. Alkyd
- 5.2.8. Vinyl Ester
- 5.2.9. Others (Melamine Resin, Urea Resin)
5.3. By Processing Type
- 5.3.1. Compression Molding
- 5.3.2. Injection Molding
- 5.3.3. Filament Winding
- 5.3.4. Others
5.4. By Application
- 5.4.1. Adhesive and Sealants
- 5.4.2. Pipelines
- 5.4.3. Insulation
- 5.4.4. Automobile Components
- 5.4.5. Electronic Components
- 5.4.6. Others (Packaging, Plastics, Healthcare)
5.5. By End-use Industry
- 5.5.1. Transportation
  - 5.5.1.1. Automotive
    - 5.5.1.1.1. Passenger Vehicles (PVs)
    - 5.5.1.1.2. Light Commercial Vehicles (LCVs)
    - 5.5.1.1.3. Heavy Commercial Vehicles (HCVs)
  - 5.5.1.2. Aerospace
    - 5.5.1.2.1. Commercial
    - 5.5.1.2.2. Military
    - 5.5.1.2.3. Others
  - 5.5.1.3. Marine
    - 5.5.1.3.1. Passenger
    - 5.5.1.3.2. Cargo
    - 5.5.1.3.3. Others
  - 5.5.1.4. Locomotive
- 5.5.2. Power Generation
- 5.5.3. Oil Refineries
- 5.5.4. Steel
- 5.5.5. Fertilizers
- 5.5.6. Others (Construction, Electrical & Electronics, Plastic Industry)
5.6. By Region
- 5.6.1. North
- 5.6.2. Central
- 5.6.3. South

6. Supply Side Analysis

7. Market Mapping, FY2024

7.1. By Type
7.2. By Processing Type
7.3. By Application
7.4. By End-use Industry
7.5. By Region

8. Macro Environment and Industry Structure

8.1. Supply Demand Analysis
8.2. Import Export Analysis
8.3. Value Chain Analysis
8.4. PESTEL Analysis
- 8.4.1. Political Factors
- 8.4.2. Economic System
- 8.4.3. Social Implications
- 8.4.4. Technological Advancements
- 8.4.5. Environmental Impacts
- 8.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
8.5. Porter's Five Forces Analysis
- 8.5.1. Supplier Power
- 8.5.2. Buyer Power
- 8.5.3. Substitution Threat
- 8.5.4. Threat From New Entrant
- 8.5.5. Competitive Rivalry

9. Market Dynamics

9.1. Growth Drivers
9.2. Growth Inhibitors (Challenges and Restraints)

10. Key Players Landscape

10.1. Competition Matrix of Top Five Market Leaders
10.2. Market Revenue Analysis of Top Five Market Leaders (By Value, FY2024)
10.3. SWOT Analysis (For Five Market Players)

11. Pricing Analysis

11.1. Pricing Analysis, By Type (in USD Per Kg)

12. Case Studies

13. Key Players Outlook

13.1. Mitsui Chemicals, Inc.
- 13.1.1. Company Details
- 13.1.2. Key Management Personnel
- 13.1.3. Products and Services
- 13.1.4. Financials (As reported)
- 13.1.5. Key Market Focus and Geographical Presence
- 13.1.6. Recent Developments
13.2. KISCO Ltd.
13.3. NIPPON STEEL Chemical & Materials
13.4. INOAC CORPORATION
13.5. LANXESS
13.6. Celanese Japan Co., Ltd.
13.7. Daicel Corporation
13.8. Kitamura Chemicals Co., Ltd.
13.9. Huntsman International LLC.
13.10. NIHON GOSEI KAKO Co., Ltd

14. Strategic Recommendations

15. About Us and Disclaimer

簡介目錄圖表

List of Tables

Table 01: Japan Thermoset Plastics Market Size, By Value, In USD Million, By Type, FY2018-FY2032F
Table 02: Japan Thermoset Plastics Market Size, By Type, CAGR %, FY2018-FY2032F
Table 03: Japan Thermoset Plastics Market Size, By Value, In USD Million, B

List of Figures

Figure 01: Respondents, By Region
Figure 02: Respondents, By End-use Industry
Figure 03: Respondents, By Company Size
Figure 04: Types of Different Thermoset Plastics (%)
Figure 05: Different Types of Processing (%)
Figure 06: Different Types of Application (%)
Figure 07: Purchase Decision Factors by Respondents (%)
Figure 08: Medium of Purchase by Respondents (%)
Figure 09: Japan Thermoset Plastics Market, By Value, In USD Million, FY2018-FY2032F
Figure 10: Japan Thermoset Plastics Market, By Volume, In Kilotons, FY2018-FY2032F
Figure 11: By Type, Map-Market Size (USD Million) & Growth Rate (%), 2023
Figure 12: By Processing Type, Map-Market Size (USD Million) & Growth Rate (%), 2023
Figure 13: By Application, Routes Map-Market Size (USD Million) & Growth Rate (%), 2023
Figure 14: By End-use Industry, Routes Map-Market Size (USD Million) & Growth Rate (%), 2023
Figure 15: By Region, Map-Market Size (USD Million) & Growth Rate (%), 2023
Figure 16: Production of Thermosetting Resin in Japan
Figure 17: Sales of Thermosetting Resin in Japan
Figure 18: Market Share of Top Five Companies (By Value, FY2023)
Figure 19: Price Variation for Thermoset Plastics (FY2018-FY2032)
Figure 20: Total Production Value of the Electronics Industry in Japan Fr