Aloaca Corporation has announced the development and deployment of two new innovative allows to strengthen the company’s position as a leading provider of advanced aluminum alloys. A210 ExtruStrongTM, a new high-strength, 6000 series alloy introduced by the Company, provides benefits throughout a wide range of extruded applications, including transportation, construction, industrial, and consumer items. Moreover, the C611 EZCastTM alloy, is a high-performance alloy that does not necessitate a special heat treatment.
VDM Metals GmbH has introduced two new alloy materials and presented them at Beijing Essen Welding & Cutting. The first material is VDM FM 31 Plus, a nickel-iron-chromium-molybdenum alloy, that has monitored levels of nitrogen. VDM, on the other hand, introduces the VDM® FM 825 CTP material, which was developed on the foundation of VDM® Alloy 825, but with more molybdenum and without the inclusion of titanium. The higher molybdenum concentration offers improved corrosion resistance, while the shortage of titanium ensures improved weldability with a lower danger of hot cracking.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5321
Published Date: Oct 17, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for fuel-efficient vehicles and the need for lightweight materials for construction are the major factors driving the market growth
The market size of medium entropy is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.
The major players in the market are Alcoa Corporation, Carpenter Technology Corporation, ATI Specialty Alloys and Components, VDM Metals GmbH, Special Metals Corporation, Haynes International, Inc., Questek Innovations LLC, Alloys Unlimited & Processing, Inc., Arconic Inc., and Castings Technology International.
The aerospace segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.