Global Aerospace Materials Market: Key Highlights
Global Aerospace Material Market: Key Market Dynamics
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Global Aerospace Materials Market: Regional Overview
North America holds the largest share of the global aerospace materials market and is expected to maintain its dominance throughout the forecast period owing to the presence of a large number of aircraft manufacturers. The high demand for aerospace materials is primarily due to the presence of top aircraft manufacturers such as Boeing, Lockheed Martin, and others in the region.
Asia-Pacific is expected to be the fastest-growing regional market primarily led by the growing aerospace industry in China, India, and ASEAN countries. According to the International Air Transport Association (IATA), Asia-Pacific accounted for 36.3% share of the global air transport passengers in 2017 and is likely to be witness significant growth in the foreseen period driven by increasing consumer preference for air travel in the countries such as China, Japan, India, Indonesia, and Thailand.
Global Aerospace Materials Market: Key Players Overview
Mitsubishi Chemical Holdings Corporation is a Japanese company formed in October 2005 from the merger of Mitsubishi Chemical Corporation and Mitsubishi Pharma Corporation. The company is based in Tokyo and is managed by Hitoshi Ochi. The company operates through major business segments, i.e., Performance Products, Chemicals, industrial gases, and healthcare. The company has more than 54,111 employees across the globe.
Toray Industries, Inc. is a multinational corporation headquartered in Japan that specializes in industrial products centered on technologies in organic synthetic chemistry, polymer chemistry, and biochemistry. Its founding business areas were fibers and textiles, as well as plastics and chemicals.
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