Strategy for suppliers of materials for areospace and automotive applications
The share of composite materials in structural parts of LCA passenger aircraft has reached 70 % with the latest models of Bombardier, Airbus and Boeing. Manufacturers of competing materials and solutions in aluminum have been able to grow volumes primarily through the growth of aircraft production rates. However an even bigger challenge exists for these companies in their business in the automotive market. The need for Co2- reduction in upper middle class and luxury model series drives the search for lighter structural materials. The price difference towards alternative materials such as Composites is coming down, as more efficient production approaches and volume gains produce economies of scale. ADVENIAN suppports a leading provider of metal materials in his strategic response to the growing material mix for structural parts in aerospace and automotive applications.24