The global uranium market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR over the forecast period. Increasing use of uranium in the power generation industry for electricity generation through reactors due to its uses as a non-fossil fuel source and its adoption in healthcare and military sectors pertaining to ammunition and cancer treatment therapies are major factors driving market revenue growth.
Uranium, denoted as U, is found in isotope forms, as U-235, U-238 and U-230, among others. It is a radioactive element and is even denser than lead, which gives immense strength as well. Emitting alpha radiation, it can be found in granite ores and other igneous rocks and is formed in its yellowcake form, with a chemical formula of U3O8.
Top Companies Operating in the Global Uranium Market:
- Cameco Corporation (Canada)
- Orano SA (France)
- Rio Tinto Group (UK)
- Energy Fuels Inc. (U.S.)
- Energy Resources of Australia Ltd. (Australia)
- China National Nuclear Corporation (China)
- National Atomic Company Kazatomprom Joint Stock Company (Kazakhstan)
- Centrus Energy Corp. (U.S.)
- Ur-Energy Inc. (U.S.)
- Navoi Mining and Metallurgy Combinat (Uzbekistan)
- Uranium Energy Corp. (U.S.)
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Uranium market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Uranium market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Uranium market key players
3.2 Global Uranium size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Uranium market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Uranium Market Segmentation
Type (Revenue, USD Million; 2019-2030)
- Granite Type Uranium Deposits
- Volcanic-Type Uranium Deposits
- Sandstone-Type Uranium Deposits
- Carbonate-Siliceous-Pelitic Rock Type Uranium Deposits
Application/ End Use Outlook (Revenue, USD Million; 2019-2030)
- Military
- Electricity
- Medical
- Industrial
- Others
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