Aeroengine Composites Market to Surpass $7.78 Billion by 2033, Driven by 12.4% Annual Growth [Yahoo! Finance]
Albany International Corporation (AIN)
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Source: Yahoo! Finance
The market ought to witness a positive growth rate owing to increasing adoption of aeroengine composites. Newark, June 13, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the global aeroengine composites market will grow from USD 2.42 Billion in 2023 to USD 7.78 Billion by 2033. Modern aircraft propulsion systems rely heavily on aeroengine composites, representing a game-changing alternative to conventional metal alloys. By significantly reducing weight while enhancing fuel efficiency and performance capabilities, these composite materials - typically made from polymer matrix-, carbon matrix- or metal-matrix materials - now form key components of various elements within turbine engines such as fan blades, guide vanes, shrouds engine casings & nacelles among others. The surge in demand for aeroengine composites can be attributed to multiple factors, such as the growing importance placed on fuel efficiency and environmental and operational sustainability within the aerospa
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- Albany International Corp. (NYSE: AIN) had its price target lowered by analysts at Bank of America Co. from $95.00 to $90.00. They now have an "underperform" rating on the stock.MarketBeat
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- Albany International to Present at the Bank of America Transportation, Airlines, and Industrials Conference 2024 [Yahoo! Finance]Yahoo! Finance
AIN
Earnings
- 4/29/24 - Beat
AIN
Analyst Actions
- 5/3/24 - JP Morgan
AIN
Sec Filings
- 7/3/24 - Form 8-K
- 5/15/24 - Form SD
- 5/14/24 - Form 8-K
- AIN's page on the SEC website