AEROSPACE MATERIALS MARKET ANALYSIS

Market News

Key Developments:

• In August 2019, Teijin Limited acquired all the shares of a leading supplier of high heat resistant thermoset prepeg for the aerospace industries – Renegade Materials Corporation. This acquisition will enhance Teijin’s production capabilities for high temperature prepeg materials majorly used in the manufacturing of aircraft engine parts.
• Various companies participates in different events and exhibitions in order to promote their product portfolio and enhance customer base. For instance, in June 2019, Toray Industries participated in the world’s largest aerospace industry exhibition – Paris Air Show. In the exhibition, Toray Industries demonstrated their performance advancements in TORAYCA® T1100 Carbon Fiber.
• In May 2019, Huntsman Corporation launched new adhesives and composites systems EPOCAST 1648 and EPOCAST 1649 for aircraft interior construction. The products offer low density, fast cure, and meet flame, smoke and toxicity (FST) requirements. The material will find application in ditch potting, insert potting, edge filling, and reinforcement of honeycomb structures.
• In 2017, Hexcel Corporation acquired Structil SA, French based manufacturer of high performance composites for aerospace, defense and industrial markets. Company’s product portfolio includes prepregs, structural adhesives and pultruded profiles used in aerospace interiors, engine nacelles, military jets etc
• In October 2015, Alcoa Corporation signed a contract worth 1 Billion USD for high tech, multi-material aerospace fastening systems with Airbus.