Standards are created by leading experts in the respective fields in order to provide a reference for workable materials in given applications. These applications may include Aerospace, military, or simply industrial applications.
Furthermore, many engineering standards exist globally for similar materials. We can cross reference European or Japanese standards and compare with American standards. We can also compare complimentary, similar or duplicative standards within the United States, such as ASTM vs. ASM and others.
The benefits of this include being able to understand material requirements for global projects or technical drawings.