Oxide Dispersion Strengthened Alloys Market Size

Oxide Dispersion Strengthened Alloys Market size is expected to reach USD 12 billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of oxide dispersion strengthened (ODS) alloys was USD 7 billion. The major element to dominates the market revenue is the growing generation of electricity through nuclear reactors. With roughly 439 power reactors, nuclear energy currently generates over 11% of the world's electricity. Furthermore, its demand is estimated to rise more owing to the need for green energy solutions. As a result, the demand for ODS alloys is also projected to rise since it is utilized in a nuclear reactor.

Additionally, there has been a surge in the development of advanced techniques for manufacturing which includes mechanical alloying, and powder metallurgy. This further increased the development of enhanced oxide dispersion strengthened alloys. therefore, this factor is also projected to influence the market revenue over the coming years.  Moreover, the goal of ongoing research and development is to improve the oxidation resistance and creep behavior of ODS alloys, among other features. These developments create fresh chances for market expansion.