Chemical & Materials Trending aerospace materials market | Page 5

Regional Insights
❑Asia-Pacific is projected to be the fastest-growing regional aerospace materials market, in terms
of value, and is expected to lead the aerospace materials market during the forecast period.
❑Countries in this region, such as China, Japan, and India are witnessing significant increase in the
use of aerospace materials. This increase can be attributed to the growing aerospace industry,
which is driving the demand for aerospace materials in the region.
❑Japan and India are attracting investors to set up production facilities because of the ease of
availability of raw materials and labor at a lower price.
❑The increasing air traffic and number of low-cost carriers in the region are expected to lead to an
increase in the demand for new aircraft in the region during the forecast period.
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