Market Overview:
The global nuclear waste recycling market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for energy and the need for sustainable and clean energy sources. In addition, the growing concerns over climate change and air pollution are also driving the demand for nuclear power plants, which in turn is fueling the growth of the nuclear waste recycling market. The direct disposal methods segment accounted for a major share of the global nuclear waste recycling market in 2017. This segment includes disposal methods such as land burial, sub-seabed disposal, and deep borehole injection. The under water storage segment is projected to grow at a high CAGR during the forecast period owing to its advantages such as safety and security from natural disasters or terrorist attacks.
Product Definition:
Nuclear Waste Recycling is the process of reprocessing nuclear waste to extract reusable fissile material. The importance of Nuclear Waste Recycling is that it reduces the amount of nuclear waste that must be stored in a secure location, and it also allows for the reuse of valuable materials.
Direct Disposal Methods:
Direct disposal methods are used to dispose of nuclear waste in a safe, secure, and permanent manner. These methods are currently being used for the storage of radioactive nuclear waste generated by power generation plants and research & medical facilities. The direct disposal method is one of the most preferred options over other recycling processes owing to its benefits such as no extraction process for metal or other materials from repository site, no mining activity needed during repository operation etc.
Under Water Storage:
Under water storage is a method of nuclear waste disposal where the radioactive waste is stored in deep water or saltwater pools for a longer period of time. The deep sea has the highest amount of uranium and thorium, which can be used to extract energy from their radioactivity. Under water storage allows these radioactive materials to decay naturally into other elements before they are disposed off into the surface waters.
Application Insights:
The other application segment includes utilization of nuclear waste for research, medical applications and disposal in the ocean. The energy production segment includes utilization of nuclear waste as a source of energy generation. Various countries have set up facilities for the processing and recycling of used fuel in order to extract uranium which is then blended with new fuel elements. This process reduces the volume and weight of spent fuel which facilitates transportation and storage resulting in reduced costs associated with each unit watt generated from recycled materials.
The utilized atomic nuclei undergo decay through natural radioactive decay at a rate termed as ¢â‚¬Å“decay chain¢â‚¬ or ¢â‚¬Åœdaughter product distribution pattern after being exposed to gamma rays from an actinide element (Pu-239).
Regional Analysis:
North America accounted for the largest share of 34.1% in 2017, owing to the presence of a large number of nuclear reactors across U.S and Canada that generate a considerable amount of radioactive waste over their lifetime. The growing number of spent fuel storage pools at these reactors is another factor driving the market growth in this region. For instance, there are currently 397 spent fuel storage pools located at reactor sites across U.S., with an additional pool stored at Yucca Mountain (Nevada) and two more stored above ground (at Barnwell, South Carolina & Braidwood Illinois).
Growth Factors:
- Increasing demand for nuclear energy due to rising concerns over climate change and depleting fossil fuel resources
- Stringent regulations on carbon emissions and hazardous waste disposal encouraging the use of nuclear power as a low-emission alternative to other forms of energy generation
- Growing number of countries aiming to achieve energy independence through increased deployment of nuclear power plants
- Proliferation of small modular reactors (SMRs) that offer greater flexibility and scalability compared to traditional large-scale reactors
- Advances in reprocessing technologies that enable more efficient recycling of spent nuclear fuel, resulting in reduced waste volumes
Scope Of The Report
Report Attributes
Report Details
Report Title
Nuclear Waste Recycling Market Research Report
By Type
Direct Disposal Methods, Under Water Storage, Nuclear Waste Vitrification, Other
By Application
Energy Production, Other
By Companies
Nukem Energy, GNS, TVEL, COVRA, Urenco, Augean, Areva SA, Veolia Environmental Services, Waste Control Specialists, Swedish Nuclear Energy Fuel and Waste Management, Perma-Fix Environmental Services, Bechtel, US Ecology, Japan Nuclear Fuel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Nuclear Waste Recycling Market Report Segments:
The global Nuclear Waste Recycling market is segmented on the basis of:
Types
Direct Disposal Methods, Under Water Storage, Nuclear Waste Vitrification, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy Production, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nukem Energy
- GNS
- TVEL
- COVRA
- Urenco
- Augean
- Areva SA
- Veolia Environmental Services
- Waste Control Specialists
- Swedish Nuclear Energy Fuel and Waste Management
- Perma-Fix Environmental Services
- Bechtel
- US Ecology
- Japan Nuclear Fuel
Highlights of The Nuclear Waste Recycling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Direct Disposal Methods
- Under Water Storage
- Nuclear Waste Vitrification
- Other
- By Application:
- Energy Production
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nuclear Waste Recycling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Nuclear waste recycling is the process of recovering usable materials from nuclear waste. This can include extracting plutonium, uranium, and other radioactive elements for use in new nuclear reactors or for safe storage.
Some of the key players operating in the nuclear waste recycling market are Nukem Energy, GNS, TVEL, COVRA, Urenco, Augean, Areva SA, Veolia Environmental Services, Waste Control Specialists, Swedish Nuclear Energy Fuel and Waste Management, Perma-Fix Environmental Services, Bechtel, US Ecology, Japan Nuclear Fuel.
The nuclear waste recycling market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nuclear Waste Recycling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Nuclear Waste Recycling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nuclear Waste Recycling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Nuclear Waste Recycling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Nuclear Waste Recycling Market Size & Forecast, 2018-2028
4.5.1 Nuclear Waste Recycling Market Size and Y-o-Y Growth
4.5.2 Nuclear Waste Recycling Market Absolute $ Opportunity
Chapter 5 Global Nuclear Waste Recycling Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Nuclear Waste Recycling Market Size Forecast by Type
5.2.1 Direct Disposal Methods
5.2.2 Under Water Storage
5.2.3 Nuclear Waste Vitrification
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nuclear Waste Recycling Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Nuclear Waste Recycling Market Size Forecast by Applications
6.2.1 Energy Production
6.2.2 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nuclear Waste Recycling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Nuclear Waste Recycling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Nuclear Waste Recycling Analysis and Forecast
9.1 Introduction
9.2 North America Nuclear Waste Recycling Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Nuclear Waste Recycling Market Size Forecast by Type
9.6.1 Direct Disposal Methods
9.6.2 Under Water Storage
9.6.3 Nuclear Waste Vitrification
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Nuclear Waste Recycling Market Size Forecast by Applications
9.10.1 Energy Production
9.10.2 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Nuclear Waste Recycling Analysis and Forecast
10.1 Introduction
10.2 Europe Nuclear Waste Recycling Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Nuclear Waste Recycling Market Size Forecast by Type
10.6.1 Direct Disposal Methods
10.6.2 Under Water Storage
10.6.3 Nuclear Waste Vitrification
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Nuclear Waste Recycling Market Size Forecast by Applications
10.10.1 Energy Production
10.10.2 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Nuclear Waste Recycling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nuclear Waste Recycling Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Nuclear Waste Recycling Market Size Forecast by Type
11.6.1 Direct Disposal Methods
11.6.2 Under Water Storage
11.6.3 Nuclear Waste Vitrification
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Nuclear Waste Recycling Market Size Forecast by Applications
11.10.1 Energy Production
11.10.2 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Nuclear Waste Recycling Analysis and Forecast
12.1 Introduction
12.2 Latin America Nuclear Waste Recycling Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Nuclear Waste Recycling Market Size Forecast by Type
12.6.1 Direct Disposal Methods
12.6.2 Under Water Storage
12.6.3 Nuclear Waste Vitrification
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Nuclear Waste Recycling Market Size Forecast by Applications
12.10.1 Energy Production
12.10.2 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Nuclear Waste Recycling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nuclear Waste Recycling Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Nuclear Waste Recycling Market Size Forecast by Type
13.6.1 Direct Disposal Methods
13.6.2 Under Water Storage
13.6.3 Nuclear Waste Vitrification
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Nuclear Waste Recycling Market Size Forecast by Applications
13.10.1 Energy Production
13.10.2 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Nuclear Waste Recycling Market: Competitive Dashboard
14.2 Global Nuclear Waste Recycling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nukem Energy
14.3.2 GNS
14.3.3 TVEL
14.3.4 COVRA
14.3.5 Urenco
14.3.6 Augean
14.3.7 Areva SA
14.3.8 Veolia Environmental Services
14.3.9 Waste Control Specialists
14.3.10 Swedish Nuclear Energy Fuel and Waste Management
14.3.11 Perma-Fix Environmental Services
14.3.12 Bechtel
14.3.13 US Ecology
14.3.14 Japan Nuclear Fuel
