Key Players in the Aerospace Materials Market and Their Strategies for Success

At a predicted CAGR of 8.8% from 2021 to 2026, the size of the global Aerospace Materials Market is expected to increase from USD 37.9 billion in 2022 to USD 57.9 billion by 2026.

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What is the use of Aerospace Materials?

Aerospace materials serve various critical purposes in the aerospace industry. Here are some key uses and applications of aerospace materials:

Structural Components: Aerospace materials are used to construct the structural components of aircraft and spacecraft, including fuselages, wings, tail sections, and landing gear. These materials provide the necessary strength and stiffness while keeping the weight as low as possible to enhance fuel efficiency and performance.

Engine Components: Aerospace materials play a vital role in the manufacturing of engine components, such as turbine blades, combustion chambers, and exhaust systems. These materials need to withstand high temperatures, corrosion, and mechanical stresses while maintaining their integrity and performance.

Thermal Protection: Materials with excellent heat resistance are employed for thermal protection systems in spacecraft and re-entry vehicles. These materials provide insulation and shielding to protect against the intense heat generated during atmospheric re-entry.

Aerodynamic Surfaces: Aerospace materials are used to fabricate aerodynamic surfaces, such as wing skins and control surfaces, which are crucial for achieving efficient flight characteristics and manoeuvrability.

Recent Developments:

• In December 2019, Solvay and SGL Carbon entered into a joint development agreement (JDA) to bring to market the first composite materials based on large-tow intermediate modulus (IM) carbon fiber. These materials address the need to reduce costs and CO2 emissions and improve the production process and fuel efficiency of next-generation commercial aircraft.
• In January 2019, Teijin Limited entered into an agreement with Boeing for the supply of unidirectional pre-impregnated tape (TENAX TPUD). This helped the company in its medium-term growth in the aircraft business.
• In February 2019, Teijin Limited acquired Renegade Materials Corporation, a supplier of highly heat-resistant thermoset prepreg for the aerospace industry in North America. This helped the company to solidify its position as a leading provider of solutions for aerospace applications.

Toray Industries, Inc. is a multinational corporation specializing in industrial products involving core technologies in organic synthetic chemistry, polymer chemistry, and biochemistry. The company, currently, is the largest producer of carbon fiber in the world and synthetic fiber in Japan. It has long experience and expertise in fibers and textiles, plastics and chemicals, plastics and chemicals, carbon fiber composite materials, environment and engineering, life science, and other businesses. The company has a focus on reducing the carbon footprint for processing its aerospace materials throughout the entire cycle of the production, storage, and use of materials, contributing to curbing global warming. It is one of the world leaders in the aerospace materials market. It focuses on innovation as well as R&D. The company developed a high thermal conductivity technology that lifts the heat-dissipating properties of carbon-fiber-reinforced plastic (CFRP) to that of metals.

Solvay S.A. is another plastic and chemical energy company in the field of aerospace materials. The company develops, manufactures, and markets its products to various industries, including agriculture, feed & food, automotive & aerospace, building & construction, customer goods & healthcare, electrical & electronic, and industrial applications. The acquisition of Cytec Industries boosted its growth by making it one of the world’s largest producers of carbon fiber prepreg for the aerospace industry. Solvay S.A. introduced CYCOM EP2750, a market-first technology that enables the high rate, cost-effective manufacture of aerospace structural parts. This technology combines advanced continuous fiber prepreg materials with an in-depth understanding of the key material and process characteristics required to achieve aerospace quality and performance using compression molding processing technology.

In summary, Aerospace materials refer to the specific types of materials used in the aerospace industry for the construction, manufacturing, and maintenance of aircraft, spacecraft, and related components. These materials are carefully selected to meet the demanding requirements of the aerospace sector, which include factors such as weight reduction, strength, durability, heat resistance, corrosion resistance, and the ability to withstand extreme conditions encountered.