Oxide Dispersion Strengthened Alloys Market Size

Oxide Dispersion Strengthened Alloys Market size is assessed at USD 136.5 million in 2024 and is set to cross USD 324.6 million by the end of 2040, registering more than 5.6% CAGR during the forecast period i.e., between 2025-2040. In 2025, the industry size of oxide dispersion strengthened (ODS) alloys is evaluated at USD 143.4 million.

Increasing demand from various sectors, such as aerospace, defense, and nuclear power, makes the future of oxide dispersion-strengthened alloys promising. The unique properties of ODS alloys include enhanced strength and resistance to extreme temperatures, making them highly suitable for high-performance applications. The ODS alloys market is expected to record robust growth in the near future since the growing demands for materials by industries experiencing non-friendly environmental conditions gain prominence.

Some other factors contributing to the oxide dispersion strengthened alloys market  growth include breakthroughs in technology and collaborations between different companies. In March 2021, Texas A&M University realized a breakthrough in nuclear material research at its campus through the development of a new resilient ODS alloy. The performance of the material was excellent against both fission and fusion reactors. Hence, it established the role of ODS alloys in these critical energy industries. This is a pointer to the fact that ODS alloys are gaining wider importance across industries, from aerospace to nuclear energy hinting toward lucrative prospects for the key players.