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The Alloy Design market is a subset of the Advanced Materials industry, focusing on the development and production of alloys. Alloys are materials composed of two or more elements, typically metals, that are combined to create a material with enhanced properties. Alloy Design is a process of creating alloys with specific properties, such as strength, corrosion resistance, and thermal conductivity, to meet the needs of a particular application. This process involves the selection of the appropriate elements, the optimization of the alloy composition, and the development of the alloy's microstructure. The Alloy Design market is driven by the need for materials with improved performance in a variety of industries, such as automotive, aerospace, and medical. The market is also driven by the increasing demand for lightweight materials, as well as the need for materials that can withstand extreme temperatures and pressures. Companies in the Alloy Design market include Alcoa, Arconic, ATI, Carpenter Technology, Constellium, and Norsk Titanium. Show Less Read more