Aerospace Industry to Consume $57 Billion Worth of Composite Materials Between 2007-2026

Aug 09, 2007, 01:00 ET from Lucintel

    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
 corrosive-resistant aircraft,
     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 or call at Tel.: 972-636-5056 or visit

SOURCE Lucintel