Oxide Dispersion Strengthened (ODS) Alloys Market Size & Share, by Type (Iron-Based ODS, Nickle-Based ODS, Chromium-Based ODS, Aluminum-Based ODS, Others); Application (Turbine, Space Launch Systems, Nuclear Reactor, Chemical Processing System); End-Use Industry (Aerospace, Marine, Chemical, Energy, Others) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

• Growing Demand for Wind Energy - Wind power generation reached over 2,111 TWh in 2022, rising by a record about 264 TWh (up over 13%).  Moreover, when it comes to the cost of producing electricity, onshore wind farms are far more affordable than non-renewable energy sources like gas, coal, or nuclear power. However, since most renewable energy installations are situated in hostile climates, outdoor connections are typically made to withstand water and UV rays as well as extreme temperatures. As a result, the deployment of ODS alloy is surging.
• Surging Space Activities - ODS alloys were initially created to improve mechanical qualities (such as creep resistance, tensile strength, and microstructure integrity) at high temperatures. These alloys contain dispersed nanoscale ceramic particles within the metal. These alloys therefore exhibit potential for use as metal parts in, gas turbines, rocket engines, and other high-temperature applications. Hence, the utilization of ODS alloys is growing in space launch. For instance, through the use of 3D printing, NASA researchers have created a new metal alloy that significantly increases the strength and durability of parts and components used in space exploration and aviation, leading to better and longer-lasting performance. In comparison to current state-of-the-art alloys, NASA Alloy GRX-810, an oxide dispersion strengthened (ODS) alloy, is more malleable, able to withstand temperatures exceeding 2,000 degrees Fahrenheit, and has a lifespan that is more than 1,000 times longer. As a result, the oxide dispersion strengthened alloys market is growing.
• Microstructural Properties of Oxide Dispersion Strengthened (ODS) Alloys - ODS alloys are becoming more and more in demand in the worldwide alloy market due to their superior mechanical and microstructural characteristics. The microstructural properties of alloys strengthened by oxide dispersion provide them with increased strength. ODS alloys' performance is enhanced by their microstructural characteristics, which makes it possible for them to be utilized in high-strength applications. Manufacturers in the aerospace and marine industries are expected to benefit greatly from these anticipated major commercial possibilities for oxide dispersion-reinforced alloys.

Challenges

• High Cost of Production - Complex procedures, including consolidation methods and mechanical alloying, are used in the production of ODS alloys. Increased production costs from these procedures may act as a brake on market expansion.
• Lack of Availability of Raw Material - Certain raw resources, such as oxide powders and refractory metals, are needed to make ODS alloys, but their supply may be restricted. Therefore, the oxide dispersion strengthened (ODS) alloys market expansion may face obstacles due to the unavailability of certain materials.
• Strict Regulations for Utilization - There are strict rules in place for industries like nuclear power generation and aircraft. A challenge for producers of ODS alloys may be adhering to these rules and acquiring the required certifications.