OSTI, a U.S. Department of Energy, created an innovative technique for turning scrap AA7075 aerospace alloys into high-strength secondary alloys that can be cast.
Raffmetal, an Italian manufacturer of aluminum products, and Cromodor Wheels, an Italian producer of aluminum components, agreed to work together to create and test novel, highly recyclable aluminum alloy wheels.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 3578
Published Date: Aug 11, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing demand in the automotive sector, and rising demand for a green and safe environment, especially in manufacturing, building & construction, are the major factors driving the market growth.
The market is anticipated to attain a CAGR of 5.15% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Century Metal Recycling Limited, Superior Aluminum Alloys, LLC, Daiki Aluminum Industry Co., Ltd., and others.
The automotive & transportation segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia-Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.