The global High-Performance Alloys market is forecast to reach USD 12.63 Billion by 2027, according to a new report by Reports and Data. The rise in demand for lightweight, corrosion-resistant, advanced and renewable metals with strong strength has contributed to the development of the industry. Growing demand for value-added goods has led to competition for alloys increasing. The industry is expected to expand in critical applications, including oil & gas extraction, thermal processing, and petroleum, due to increased demand for alloys. Growth in the use of commercial gas turbine components in power generation is also expected to fuel demand.