Ionic Exchange Based Liquid Nuclear Waste Treatment Market (By Types: Low Level Waste, Intermediate Level Waste, High Level Waste; By Ionic Exchange Processing: Inorganic Natural Ion Exchangers, Organic Natural Ion Exchangers, Synthetic inorganic ion exchangers, Synthetic organic ion exchangers, Modified natural ion exchangers, Others; By Liquid Waste Source: Boiling Water Reactors, Gas-cooled Reactors, Pressurized Water Reactors, Pressurized Heavy Water Reactors, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027

Category : Energy and Power | Delivery Format : PDF | Status: Published | Pages : 190

The market for ionic exchange based liquid nuclear waste treatment is expected to grow at a CAGR of around 13.6% from 2020 to 2027 and expected to reach the market value of around US$ 2,587.2 Mn by 2027.

The ion exchange based liquid nuclear waste treatment method is commonly and effectively used to treat radioactive liquid waste. It’s a well-developed method having years of existence in nuclear and other industries. Additionally, liquid radioactive waste is mainly generated from the clean-up and maintenance processes of reactor coolant and related systems containing radioactivity.

Market Dynamics

The increasing stringent regulations for the treatment and storage of radioactive waste by major regulatory bodies including the International Atomic Energy Association, the Department of Energy (DoE) USA, and the World Nuclear Organization are driving the market growth. The health hazards associated with nuclear waste storage and disposal is supporting the adoption of ionic exchange based liquid nuclear waste treatment method. The increasing need to balance fossil fuels with other fuels for energy generation is another major factor driving the growth. The increasing installation of nuclear plants due to their advantages like they produce low cost and sustainable energy and the generated energy is free of greenhouse gas emissions and high thermal efficiency are additionally supporting the increased amount of liquid nuclear waste.

On the other hand, the high capital required for the construction of nuclear power plants and waste treatment facilities, the high risk of accidents during a natural disaster, and the increasing popularity of solar and wind power to complement fossil fuels for energy generation are some of the factors projected to limit the growth to an extent over the forecast period from 2020 to 2027.

Segment brief for Global Ionic Exchange Based Liquid Nuclear Waste Treatment Market

Inorganic Natural Ion Exchangers is widely used technique across the global ionic exchange based liquid nuclear waste treatment market

The inorganic ion exchange materials have emerged as an important replacement or complement for conventional organic ion exchange resins especially in liquid radioactive waste treatment. The increasing importance of inorganic ion exchangers due to its advantages like greater selectivity than organic resins for certain radiologically important species, such as caesium and strontium. Additionally, the inorganic ion exchangers can solve a variety of waste management problems is another factor supporting segmental market growth.

Asia Pacific is projected to lead the market in 2027 with fastest growth throughout the estimated period

Asia Pacific is likely to experience the fastest growth with major CAGR (%) during the forecast period and as a result, estimated to dominate the ionic exchange-based liquid nuclear waste treatment market with a major revenue share (%) in 2027. The increasing installation of nuclear plants in the developing economies of the region is supporting the regional market value. Additionally, the rising concern and favorable efforts for the treatment of rapidly increasing waste is further anticipated to support the regional market value.

Key Market Players

The players profiled in the report include Areva SA, Augean plc, AVAN Tech, Inc., LLC, Bechtel Corporation, Chase Environmental Group, Inc., EKSORB LTD, Fluor Corporation, Graver Technologies LLC, SRCL Limited, Svensk Kärnbränslehantering AB., and Waste Control Specialists, LLC.

Market Segmentation

Market By Types

Low Level Waste

Intermediate Level Waste

High Level Waste

Market By Ionic Exchange Processing

Inorganic Natural Ion Exchangers

Organic Natural Ion Exchangers

Synthetic inorganic ion exchangers

Synthetic organic ion exchangers

Modified natural ion exchangers

Others

Market By Liquid Waste Source

Boiling Water Reactors

Gas-cooled Reactors

Pressurized Water Reactors

Pressurized Heavy Water Reactors

Other

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa


Frequently Asked Questions

The market for ionic exchange based liquid nuclear waste treatment is expected to reach a market value of around US$ 2,587.2 Mn by 2027.

The ionic exchange based liquid nuclear waste treatment market is expected to grow at a CAGR of around 13.6% from 2020 to 2027.

Inorganic natural ion exchanger is the leading segment by ionic exchange processing in the ionic exchange based liquid nuclear waste treatment market.

The increasing regulations for the treatment and storage of radioactive waste by major regulatory bodies including International Atomic Energy Association, Department of Energy (DoE) USA, and World Nuclear Organization, health hazards associated with the nuclear waste storage and disposal, and increasing installation of nuclear plants due to their advantages are some of the factors driving the market growth.

Areva SA, Augean plc, AVAN Tech, Inc., LLC, Bechtel Corporation, Chase Environmental Group, Inc., EKSORB LTD, Fluor Corporation, Graver Technologies LLC, SRCL Limited, Svensk Kärnbränslehantering AB., and Waste Control Specialists, LLC. are the prominent players in the market.

Asia Pacific is projected to lead the ionic exchange based liquid nuclear waste treatment market

Asia Pacific is expected to be the fastest growing market over the forecast period

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