A new NETL report explores opportunities to leverage high-performance alloy (HPA) research supported by DOE’s Office of Fossil Energy (FE) beyond coal-fired power plants and expand into industrial gas turbines as well as adjacent markets that require similar materials, such as the aerospace, industrial and chemical processing and automotive industries.
HPAs are metals that display superior characteristics in high temperature and corrosive environments. Expensive to develop and produce, HPAs enable power plant processes to run at higher temperatures and pressures, improving performance and efficiency. These materials are critical to plant reliability under cyclic operation and have long been a key area of research for NETL and its partners.
According to the report, the global HPA market generated more than $4 billion revenue in 2016, which is expected to climb to $7.6 billion in 2023. The largest application of HPAs is aerospace, followed by industrial gas turbines, industrial and chemical processing, and automotive. Together, these industries make up 92.5 percent of the current HPA market.
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