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Aerospace Raw Materials Market Share, Growth & Key Business Strategies by Leading Industry Players by 2027

02-05-2021 07:53 PM CET | Associations & Organizations

Press release from: Allied Market Research

Aerospace Raw Materials Market

Aerospace Raw Materials Market

Aerospace materials are materials that have been specially developed for aerospace applications. These offer an exceptional performance and strength or heat resistance. Also, they are chosen for their long-term reliability in this safety-conscious field, particularly for their resistance to fatigue.

Aluminum, titanium, graphite, fiberglass, nickel 718, titanium 6Al4V, stainless, and many more are such material used extensively in aerospace as raw materials.

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Regions covered
North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East and Africa

Companies covered
VSMPO-AVISMA Corporation, Allegheny Technologies, Inc., TIMET (Berkshire Hathaway Inc.), Alcoa Corporation, Kaiser Aluminum, Constellium SE, Hexcel Corporation, Solvay S.A., Toray Industries, Inc., and Carpenter Technology Corporation

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Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Aerospace material are significant determinants of any aircrafts efficiency and strengths. Those materials are used that reduces weight and increases fuel efficiency while being easy to handle, and also give aircrafts a good design, shape, and repair.

Aerospace material was only considered for light structural pieces or cabin components, composites’ aerospace application range, however now their application has increased in aerospace sectors. They have reached into true functional components – wing and fuselage skins, engines, and landing gear. Therefore aerospace material is great factor for aircraft sector. This is the biggest driving factor for aerospace raw material market.

Moreover, Metallic and composite materials alike continue to be developed and improved to offer ever-increasing performance, whether that’s lighter weight, greater strength, or better heat and corrosion resistance. Accelerating this evolution of new materials, advancements in machining and cutting technology give manufacturers unprecedented access to materials previously deemed impractical or too difficult to machine.

Additionally, new material adoption is happening exceptionally quickly in aerospace, requiring DFM-minded interaction between material characteristics and component design. The two must be in balance, and one can’t really exist outside of the context of the other.

Furthermore, raw materials used in aerospace provide aircraft good fatigue strength, corrosion resistance, weld ability and machinability. All these factors are taken into consideration, while using in aerospace industry.

Military aircraft or special mission aircrafts are meant to serve tough terrain during emergency situation like war, flood, fire and others. Only those aircrafts would be able to perform well which are manufactured with finer and appropriate raw materials.

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Use of 3D printing for making lighter aircraft
With the ability to create complex designs, lightweight parts and reduce production costs, 3D printing offers many advantages for the aerospace industry.

Using this technology, complex geometries can be created without having to invest in expensive tooling equipment. This offers aerospace OEMs and suppliers a cost-effective way to produce small batches of parts. Titanium is one of the most popular materials for 3D printing aerospace components, as it combines the lightness of aluminum with the strength of steel. Although titanium powders are quite expensive, the cost can be partially balanced by recycling unused material and minimizing waste through better designs possible with AM.

Recently, Boeing has introduced GE9X engine with the help of 3D printing technique. The new Boeing 777X plane incorporates a number of new design features for larger cabin capacity and improved hangar storage. Small components, including temperature sensors and fuel mixers, and larger parts, like heat exchangers and separators are also 3D printed. Foot-long low pressure turbine blades in the GE9X are also 3D printed, reducing overall engine weight and maximizing size and power.

The 3D printed fuel nozzle inside the GE9X was 3D printed by Morris Technologies, which was acquired by GE in 2012. Other components in the engine were 3D printed by GE Additive on Concept Laser machines.

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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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