Japan Fiber-Reinforced plastic Market Size, Share, and COVID-19 Impact Analysis, By Fiber (Glass Fiber, Carbon Fiber, Aramid Fiber, Basalt Fiber, and Others), By Application (Consumer goods, Paints and coatings, Protective Equipment, Pharmaceutical, Civil Engineering, and Others), and Japan Fiber-Reinforced plastic Market Insights, Industry Trend, Forecasts to 2035

Japan Fiber-Reinforced Plastic Market Insights Forecasts to 2035

• The Japan Fiber-Reinforced Plastic Market Size Was Estimated at USD 21.3 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 7.97% from 2025 to 2035
• The Japan Fiber-Reinforced plastic Market Size is Expected to Reach USD 49.5 Million by 2035

According to a research report published by Spherical Insights & Consulting, The Japan Fiber-Reinforced Plastic Market Size is anticipated to reach USD 49.5 Million by 2035, growing at a CAGR of 7.97% from 2025 to 2035. The fiber-reinforced plastic market in Japan is driven by the rising adoption of fiber-reinforced polymer composites instead of ferrous and non-ferrous metals. Also, increasing the automotive sector and demand for passenger, commercial, and electric vehicles.

Market Overview

Fiber-reinforced plastic (FRP) is a holistic material that is made by adding strong and long-lasting fibers to a polymer matrix. Although combined fiber gives strength and hardness, the polymer matrix - which is usually made of thermosetting resins such as epoxy, polyester, or vinyl esters - serves as a binding medium.  Basalt fibers, carbon fibers, glass fibers, and Aramid fibers are examples of common reinforcement fibers. The benefits of polymer and mechanical performance of fiber are combined to create a mild, incredibly strong material. The main goal of fiber-reinforced polymer (FRP) is to include structural properties, including tensile strength, flexural strength, impact resistance, and fatigue endurance, while maintaining the mild weight of the material. FRP has better durability, corrosion resistance, and chemical resistance than metals such as steel and aluminum, which makes it ideal for demanding settings. Depending on the application and required fiber orientation, FRPS is produced using pultrusion, filament winding, hand lay-up, and molding processes. The strength of the material is greatly affected by the amount of fiber and alignment; For example, unidirectional carbon fiber FRP has remarkably high tensile strength along the fiber direction. The FRP market is supported by the Japanese government through green innovation programs, the development of light materials, and the modernization of infrastructure. R&D funding and tough environmental laws promote environmentally friendly composites, increase competition and reduce dependence on traditional metals, while the initiative supports the use of FRPs in motor vehicles, renewable energy, and manufacturing industries.

Report Coverage

This research report categorizes the market for the Japan Fiber-reinforced plastic market based on various segments and regions, and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan Fiber-reinforced plastic market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan Fiber-reinforced plastic market.

Driving Factors

The fiber-reinforced plastic market in Japan is driven by demand for materials that are strong, lightweight, and resistant to corrosion in the construction, automotive, aerospace, and marine industries. In addition, infrastructure development, the use of renewable energy, government programs encouraging eco-friendly composites, and improvements in manufacturing processes that improve the robustness, functionality, and affordability of FRP products are the main drivers of growth.

Restraining Factors

The fiber-reinforced plastic market in Japan is mostly constrained by high production costs, complex manufacturing processes, and limited recycling options restrain FRP adoption. Additionally, price sensitivity in certain industries, challenges in large-scale fabrication, and regulatory compliance issues related to environmental safety limit widespread market penetration.

Market Segmentation

The Japan fiber-reinforced plastic market share is classified into fiber and application.

• The glass fiber segment accounted for the largest market revenue share in 2024 and is expected to grow at a remarkable CAGR during the forecast period.

The Japan Fiber-reinforced plastic market is segmented by fiber into glass fiber, carbon fiber, aramid fiber, basalt fiber, and others. Among these, the glass fiber segment accounted for the largest market revenue share in 2024 and is expected to grow at a remarkable CAGR during the forecast period. Glass fiber is well-known for its reinforced qualities, and its composites are utilized in construction for a variety of ancillary advantages such as weather, abrasive chemicals, and corrosion resistance. The expansion of the fiber-reinforced plastic (FRP) market will be directly impacted by the increase in demand for glass fiber across various industries.

• The civil engineering segment dominated the market in 2024 and is anticipated to grow at a significant CAGR over the forecast period. 

The Japan Fiber-reinforced plastic market is segmented by application into consumer goods, paints and coatings, protective equipment, pharmaceuticals, civil engineering, and others. Among these, the civil engineering segment dominated the market in 2024 and is anticipated to grow at a significant CAGR over the forecast period. Fiber Reinforced Plastic (FRP) is widely utilized in civil engineering applications such as building dams, earthworks, pipelines, and others because of its excellent corrosion resistance, high strength, and resistance to fatigue failure.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan Fiber-reinforced plastic market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Mitsubishi Chemical Group Corporation
• ASAHI YUKIZAI CORPORATION
• NIPPON STEEL Chemical & Material Co., Ltd.
• TORAY Industries, Inc.
• TEIJIN Limited Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Japan, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Japan fiber-reinforced plastic market based on the below-mentioned segments:

Japan fiber-reinforced plastic Market, By Fiber

• Glass Fiber
• Carbon Fiber
• Aramid Fiber
• Basalt Fiber
• Others

Japan Fiber-reinforced plastic Market, By Application

• Consumer Goods
• Paints and Coatings
• Protective Equipment
• Pharmaceutical
• Civil Engineering
• Others