Aerospace business has huge demand for titanium alloy fastener market

Abstract: In recent years, with the rapid development of China's aerospace industry, the demand for aviation fasteners has increased dramatically. In addition, the manufacturing of large aircraft in China has made great progress. Although there is still some time before the first flight in 2014, 100 start-up orders have been obtained at the air show at the end of last year. These orders are to be completed for titanium alloys. The demand for fasteners is huge, and the market prospects for titanium alloy fasteners are very promising.

Shang Pu consulting machinery industry analyst pointed out that China is a fastener production country, the output for many years ranked first in the world, but China is not a fastener production power. The fasteners made in China are mostly low-end, low-value-added products. The market share of high-end fasteners such as aviation fasteners is relatively low, and the product types and specifications are very limited. The related technologies and production have yet to be improved.

In order to ensure the continuous and safe flight of aerospace equipment, the requirements for fasteners are extremely high. Especially when commercial aircraft are put into operation, they have to run for 20 to 30 years and continue to fly for more than 10 hours a day. The requirements for fasteners are even higher than those for aerospace. Titanium alloy fasteners can meet these requirements. In addition, titanium alloy fasteners can greatly reduce the aircraft's own weight, not only can improve flight performance, but also reduce the cost of use, the most important thing is to reduce fuel consumption. Such excellent performance must be widely used in aircraft manufacturing. The main problem that has plagued it has been the titanium alloy material. At present, the shortage of rare earth is prominent and the price rise is obvious. China must strictly control the export of rare earth.

According to the “2011 China Machinery Fastener Market Analysis and Investment Value Study Report” released by Champ Consulting, titanium alloy fasteners are widely used in aircraft. According to statistics, China's domestic C919 aircraft each require approximately 200,000 titanium alloy fasteners, and 20 million titanium alloy fasteners are required to complete the first batch of 100 start-up orders. According to the planned annual production of 150 large aircrafts in 2018, 30 million titanium alloy fasteners will be required each year. Titanium alloy fasteners have great potential for development and the market prospects for development are very promising.