As a high-strength nickel-chromium alloy with excellent corrosion resistance, Inconel 718 is still widely used in the aerospace industry, where it is found in the majority of aircraft engine components, as well as in other applications. Its superior strength and corrosion resistance have been recognised by the oil industry, and it is now widely used in this sector of the economy.This nickel alloy is used in a variety of applications at temperatures ranging from cryogenic to 1200 °F. Inconel 718's composition is distinguished by the addition of niobium, which allows for age hardening, which allows for annealing and welding without the formation of spontaneous hardening during the heating and cooling processes.