Uranium Market Key Highlights:
- Market Size (2023): USD 1,717 Million
- Projected Market Size (2034): USD 2,815 Million
- CAGR (2023-2034): 4.6%
Pricing Analysis:
- Price Growth
- Regional Variations
Volume Analysis:
Import-Export Data
- Major Importers
- Major Exporters
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Price by Manufacturer
- Examination of pricing strategies adopted by various manufacturers.
Uranium Market Definition
The uranium market is a prominent branch of the chemicals and materials industry. This industry deals in the extraction and distribution of uranium across the world. Uranium is a radioactive element that has an atomic number of 92. These elements are found in rock, soil, water, and the human body. It is silvery-white in color and has an atomic mass of 238.02891 u. The unique properties of uranium, such as high ductility, malleability, and others, have increased its applications in numerous industries. This market is expected to rise significantly with the growth of the advanced materials industry across the world.
The demand for uranium has increased in the agricultural sector for manufacturing phosphate fertilizers, and rising government investment in uranium exploration has driven market growth. Also, uranium is widely used in the nuclear industry for developing nuclear weapons, along with increased use of these elements in watches, smoke detectors, and sterilized bandages has positively impacted the industry. Moreover, the growing application of uranium in the military, space exploration, and scientific research, coupled with rising demand for uranium-234 (234U), uranium-235 (235U), and uranium-238 (238U) from various sectors, is expected to propel the growth of the uranium market.
Rising uranium mining projects and the growing adoption of uranium in the healthcare sector are expected to create ample growth opportunities for market players in the future. In June 2024, the United States government announced an investment of around US$ 2.7 billion to purchase low-enriched uranium (LEU) from domestic sources across the region.
Uranium Market Segmentation:
By Type
- Granite-Type Uranium Deposits
- Volcanic-Type Uranium Deposits
- Sandstone-Type Uranium Deposits
- Carbonate-Siliceous-Pelitic Rock Type Uranium Deposits
By Application
- Military
- Electricity
- Medical
- Industrial
- Others
Uranium Market Companies:
- Sinosteel
- CNNC
- Sino hydro
- Jinduicheng Molybdenum
- JiangXi Copper Corporation
- Cameco
- Orano
- BHP Billiton
- Kazatomprom
- APM3
- ERA
- AtomRedMetZoloto（ARMZ）
- Paladin
- Navoi
- Rio Tinto Group
For any questions about this dataset or to discuss customization options, please write to us at sales@statifacts.com
