Report Code: A07606 | Pages: NA | Mar 2023 | 1281 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Nuclear Waste Recycling Market
Request Now !Nuclear power is the largest energy producing sector along with hazardous waste production. The most broadly utilized strategy for disposal of nuclear waste is to cover it under the ground. High level of radioactive waste is severely poisonous and risky. However, it can be retreated as a resource. When the reactor fuel, for example, uranium or thorium is utilized in the reactor, it can be placed into another reactor as a fuel. In addition, reusing the utilized fuel to recover uranium and plutonium (Pu) avoids the wastage of a major resource.
The global nuclear waste recycling market is expected to grow significantly over the estimated time frame. Increase in fuel demand in nuclear power plants mostly in developed nations, such as Japan, is expected to boost the market growth over the coming time frame.Â
Nuclear waste recycling process is predicted to yield maximum percentage of usable plutonium and uranium, which has a long half-life that empowers usable energy for a more drawn out period. Uranium is reused as new fuel for commercial nuclear power plants while seemingly perpetual radioactive component, for example, plutonium application has created a new fuel for advanced reactors to be grown economically. Nuclear waste recycling increases accessible uranium life, and is a proficient & compelling route that reduces waste amount. National energy security is expected to be an important driver for the growth of the nuclear waste recycling market over the forecast time frame.
Increase in energy requirements in nuclear power plants is expected to expand the development in the nuclear waste recycling market. Rise in nuclear decommissioning ventures combined with increase in awareness of elective sources of energy is expected to boost the market growth. High investment in the nuclear power sector and environment protection concerns drive the nuclear waste recycling market during the analyzed time frame. However, nuclear waste and maintenance materials are difficult to handle. In addition, lack of awareness toward handling of nuclear waste is expected to hamper the growth of the market during the forecast period.
Nuclear waste is radioactive and should be arranged over an extended time frame for effective neutralization. Proper administrative structure for dealing with nuclear waste by arranging the buildups is controlling the nuclear waste recycling market growth. The International Atomic Energy Agency (IAEA) gives the administrative structure to wellbeing gauges. Furthermore, severe government guideline administered under Nuclear Waste Policy Act (NWPA) of the United States Environment Protection Agency is expected to hamper the business development in the respective region.
Key benefits of the report:
Nuclear Waste Recycling Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Waste Source |
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By Type |
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By Application |
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By Region |
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Key Market Players | Orano Group, JGC Holdings Corporation, EDF Energy, Tokyo Electric Power Company Holdings, Inc., Nukem Energy, GNS Science, JSC TVEL, COVRA NV, Cameco Corp., Augean Plc., Urenco, Areva S.A., Veolia, Waste Control Specialists LLC., Swedish Nuclear Fuel Management AB, Perma-Fix, Bechtel Corporation, US Ecology, Inc., JNFL Japan Nuclear Fuel Ltd |
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