https://www.iaea.org/sites/default/files/29402043133.pdf
> It is evident that the average age of power reactors in the IAEA's Member States is increasing. (See accompanying graphs.) By 2000, more than 50 nuclear plants will have been providing electricity for 25 years or longer. Most nuclear power plants have operating life-times of between 20 and 40 years.
> Ageing is defined as a continuing time-dependent degradation of material due to service conditions,including normal operation and transient conditions. It is common experience that over long periods of time, there is a gradual change in the properties of materials. These changes can affect the capability of engineered components, systems, or structures to perform their required function. Not all changes are deleterious, but it is commonly observed that ageing processes normally involve a gradual reduction in performance capability.
> All materials in a nuclear power plant can suffer from ageing and can partially or totally lose their designed function. Ageing is not only of concern for active components (for which the probability of malfunction increases with time) but also for passive ones, since the safety margin is being reduced towards the lowest allow-able level