Market Share of Asia-Pacific Aerospace Composites Industry
The Asia-Pacific aerospace composites market is semi-consolidated, wherein prominent players occupy the majority of the market share. Some of the prominent players in the market are Toray Industries Inc., Harbin Hafei Airbus Composite Manufacturing Centre Co. Ltd, Mitsubishi Chemical Carbon Fiber and Composites Inc., Hexcel Corporation, and TATA Advanced Materials Limited. As aerospace component manufacturing increases in the Asia-Pacific region, local players are partnering with aircraft OEMs for the indigenous development of components and parts of the aircraft to reduce overall manufacturing costs. This is opening new market opportunities for the local players in the region to grow in the market. Also, companies' investments in advanced composites for space-based applications may help them increase their market presence in the Asia-Pacific in the years to come.
Asia-Pacific Aerospace Composites Market Leaders
Harbin Hafei Airbus Composite Manufacturing Centre Co., Ltd.
Toray Industries Inc.
Mitsubishi Chemical Carbon Fiber and Composites Inc.
TATA Advanced Materials Limited
*Disclaimer: Major Players sorted in no particular order