New York, April 13, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on Aerospace Titanium Fasteners Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, General Aviation Aircraft, Cargo Aircraft, Helicopters, and Military Aircraft), Product Type (Bolts, Nuts, Screws, Rivets, and Others), Application (Flight Control Surfaces, Airframes, Engines, Interiors, and Landing Gears), and End User (Aircraft Manufacturers, MRO Service Providers, and Military Forces), the global aerospace titanium fasteners market growth is driven by the increasing adoption in military aircraft, rising development by aerospace titanium fastener manufacturers, and increasing demand by MRO service provider.
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Aerospace Titanium Fasteners Market: Competitive Landscape and Key DevelopmentsThe key players operating in the aerospace titanium fasteners market include XOT Metals; Leeart Industry Co. Ltd.; B&B Specialties Inc.; 3V Fasteners; LISI Aerospace; Cherry Aerospace; Ferralloy, Inc.; Superbti Co. Ltd.; TriMas Aerospace; and Torqbolt Inc. Various other companies are operating in the market, and are coming up with new technologies and offerings, thereby contributing to the expansion of the aerospace titanium fasteners market, in terms of revenue.
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In 2021, TriMas signed an agreement to acquire TFI Aerospace to add it to TriMas Aerospace. TFI is a leading manufacturer and supplier of specialty fasteners used in a variety of applications, predominantly in aerospace applications.
In 2021, B&B Speacialties, Inc. participated in International Fastener EXPO 2021, which was held in Las Vegas from September 21, 2021 to September 23, 2021.
The aerospace industry prefers the use of lightweight materials to increase fuel efficiency. Thus, the high demand for titanium fasteners among aircraft OEMs, aircraft component OEMs, and maintenance service providers is catalyzing the aerospace titanium fasteners market. The military aerospace industry is the major adopter of aerospace fasteners, followed by commercial aerospace and general aerospace industries. Titanium fasteners exhibit high-temperature resistance, corrosion resistance, and nonmagnetic nature in military aircraft. Titanium's robust strength and low density provide the high levels of performance desired by aeroengine manufacturers. Its high-temperature capability is suitable for jet engines and airframe parts that must endure temperatures ranging from subzero readings to 600C. According to XOT Metals, titanium is mainly consumed by the military aerospace industry. The F/A-18, F-22, C-17, F-35, and the UH-60 Black Hawk helicopter are among the military aircraft models that use a huge volume of titanium fasteners. Further, military helicopters and UAVs also need higher volumes of titanium fasteners to attain improved operational efficiencies and lower fuel consumption benefits.
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Technological advancements in the aerospace industry have led to the production of newer and more durable aerospace fasteners. Moreover, the increasing adoption of lightweight titanium fasteners in the aerospace industry provides notable opportunities for the aerospace titanium fasteners market players. In 2020, TriMas Aerospace received multi-year contracts from Airbus and signed new supply contracts with the company, which led to a surge in the sales of engineered fasteners of TriMas Aerospace in Europe. Further, the market players manufacture robust titanium fasteners for applications such as airframes, landing gears, engine components, and interiors. With the emphasis on lightweight aircraft models using composite materials and carbon fiber braking systems, the requirement for titanium fasteners will increase in the coming years.
The aerospace titanium fasteners market is segmented on the basis of aircraft type, product type, application, and end user. Based on aircraft type, the market is segmented into narrow-body aircraft, wide-body aircraft, general aviation aircraft, cargo aircraft, helicopters, and military aircraft. Based on product type, the aerospace titanium fasteners market is segmented into bolts, nuts, screws, rivets, and others. Based on application, the market is segmented into flight control surfaces, airframes, engines, interiors, and landing gears. Based on end user, the market is segmented into aircraft manufacturers, MRO service providers, and military forces.
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Aerospace Titanium Fasteners Market: Application OverviewOn the basis of application, the aerospace titanium fasteners market is categorized into flight control surfaces, airframe, engines, interiors, and landing gear. The airframe segment led the aerospace titanium fasteners market share by more than 38% in 2020. Airframe is the main frame (or skeleton) of an aircraft which holds and supports the entire aircraft assembly to its attachments. Also it accounts for the largest amount of fasteners in the total fasteners used in an aircraft. The very straight factors that are driving the market for this segment are increasing commercial and military aircraft production and high demand from aftermarket MRO operations across the aerospace industry.
Browse Adjoining Reports:Aerospace Fasteners Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Rivets, Screws, Nuts and Bolts, Others); Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Others); End User (Commercial Aviation, Defense) and Geography
Aircraft Interior Fasteners Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Aircraft Type (Commercial Aircraft, Military Aircraft); Application Type (Seats, Galleys, Lavatory, Ducts, Stowage Bins, Floor Panel, Others); Fastener Type (Screws, Bolts, Nuts, Potted-in Inserts, Panel Fasteners, Others) and Geography
Aerospace Titanium Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Commercially Pure Titanium, Titanium Alloys); Application (Structural Airframes, Engines, Others) and Geography
Aerospace Titanium Blisk Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Military, Commercial, General Aviation); Diameter (Less than 70 cm, 70 cm - 80 cm, 80 cm - 90 cm) and Geography
Aircraft Radome Market to 2025 - Global Analysis and Forecasts by Design Type (Nose Radome & Fuselage Mounted Radome), Material Type (Glass-Fiber, Resin & Quartz), and Aircraft Type (Commercial Aircrafts & Military Aircrafts)
Military Aircraft Rubber Tanks Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Material (Nitrile Rubber and Urethane Rubber) and Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft, and UAV)
Helicopters Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Single Rotor, Multi Rotor, and Tilt Rotor), Weight (Light Weight, Medium Weight, and Heavy Weight), and Application (Commercial and Civil, and Military)
Aircraft MRO Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Components (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, and Others), Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft), and End-Users (Commercial and Military)
Aircraft Wheels MRO Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Wheel Type (Nose Wheel and Main Wheel), Aircraft Type (Narrowbody Aircraft, Widebody Aircraft, General Aviation Aircraft, Military Aircraft, and Helicopter), and Technology (Inspection, Non-Destructive Testing, Machining, and Others)
Industrial Fasteners Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Types, Material, and Industry Verticals
Elastic Rail Fasteners Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Buckle Plate Fastener, Concrete Pillow Fastener, Spring Fastener); Application (Heavy-haul, Urban Transport, High Speed, Conventional Rail) and Geography
Building and Construction Fasteners Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material (Metal, Plastic, Others); Application (Decking, Flooring, Roofing, Others); End Use (Residential, Commercial, Others) and Geography
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Contact Person:Sameer JoshiE-mail: sales@theinsightpartners.com Phone:+1-646-491-9876Press Release: https://www.theinsightpartners.com/pr/aerospace-titanium-fasteners-market
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