DALLAS, Aug. 9 /PRNewswire/ -- On an annual basis, the aerospace
industry consumes an estimated 700 million lbs. of raw materials including
aluminum, composites, glare, steel, titanium and other materials, according
to a new Lucintel market study, "Opportunities for Composites in the Global
Aerospace Industry 2007-2026". This study also reveals that while composite
materials currently represent a relatively small segment of the aerospace
industry, enormous potential exists for composite materials to become a
more integral component within the industry in the future. Although
aluminum is currently the predominant material used in the aerospace
industry, aerospace companies are showing increased interest in composite
materials because of a desire for more fuel-efficient and
Historically, the use of composites over the last 30 years has evolved
from less than 5% in the Boeing 737 and 747 to over 17% in the Airbus A320.
The Airbus A320 which was launched in 1990, uses approximately 17%
composite materials and 66% aluminum. The Boeing 787 Dreamliner, which is
scheduled to be delivered in 2008, will use about 50% composites by
structural weight, and will be 20% more fuel efficient than similar-sized
planes, due, in part, to advancements in composite materials technology.
The Airbus A380 is expected to use 23% composites per aircraft.
Base on this comprehensive Lucintel research study, composite materials
in the aerospace market to see strong growth during forecast period. "The
defense industry as well as the Boeing 787 and the Airbus 380 will drive
the growth for composite materials over the forecast period," said Dr.
Sanjay Mazumdar, Lucintel' CEO. "Remarkably, the global aerospace industry
is estimated to use $57 billion worth of composite materials during 2007 -
More detailed information on the opportunities for composites in the
aerospace market is published in this market report titled, "Opportunities
for Composites in the Global Aerospace industry 2007-2026". This market
report is published by Lucintel, a leading global market research company
and business consulting firm with over 600 clients worldwide. For more
information on this study, contact David Kaiser by e-mail at
email@example.com or call at Tel.: 972-636-5056 or visit