Japan Uranium-238 Market was valued at USD 0.85 Billion in 2022 and is projected to reach USD 1.22 Billion by 2030, growing at a CAGR of 5.6% from 2024 to 2030.
The Global Uranium-238 Market Is Experiencing Significant Shifts, Driven By Geopolitical Dynamics And Increasing Demand For Nuclear Energy. As Of 2025, Kazakhstan, The World'S Largest Uranium Producer, Has Redirected Its Exports Towards Russia And China, Reducing Supplies To The U.S. And Europe. This Strategic Pivot Has Raised Concerns Among Western Energy Companies About Potential Supply Shortages, Especially As Nations Aim To Expand Their Nuclear Energy Capacities To Meet Clean Energy Goals.
Recent Data Indicates That Approximately 40% Of The World'S Uranium Originates From Kazakhstan. However, In 2023, About Two-Thirds Of Kazakhstan'S State-Owned Mining Company, Kazatomprom'S, Sales Were Directed To Russia, China, And The Domestic Market, A Significant Increase From One-Third In 2021. Conversely, Sales To The U.S., Canada, France, And The U.K. Dropped To 28% In 2023 From 60% In 2021. This Shift Underscores A Growing Competition For Uranium Resources, With Russian And Chinese Entities Aggressively Securing Supplies In Central Asia And Africa.
Compounding The Supply Concerns, Political Instability In Niger—A Key Uranium Supplier To The European Union—Has Further Tightened The Market. Following A Military Coup In July 2023, Niger Halted Uranium Exports, Impacting European Energy Security. In 2023, Niger Accounted For 16% Of The French State-Owned Company Orano'S Uranium Resources, Highlighting The Vulnerability Of Relying On Limited Sources.
Market Forecasts Reflect These Challenges. The Global Uranium Market Size Is Projected To Reach $12.7 Billion By 2030, Growing At A Compound Annual Growth Rate (Cagr) Of 4.3% From 2024 To 2030. This Growth Is Driven By The Increasing Adoption Of Nuclear Energy As A Low-Carbon Power Source And The Expansion Of Nuclear Capacities Worldwide. However, The Concentration Of Uranium Production In A Few Countries Poses Risks To Supply Stability.
In Response To These Developments, Western Governments And Energy Companies Are Exploring Strategies To Diversify Their Uranium Sources. Initiatives Include Investing In Domestic Mining Projects, Forming Strategic Alliances With Alternative Suppliers, And Developing Technologies For Uranium Recycling And Reprocessing. These Efforts Aim To Mitigate The Risks Associated With Supply Disruptions And Ensure A Steady Flow Of Uranium To Support Nuclear Energy Programs.
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NIDC
Rosatom
Japan Nuclear Fuel Limited
KNF
China National Nuclear Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Uranium-238 Market
Defense and Military
Scientific Research
Others
Based on Types the Market is categorized into Below types that held the largest Uranium-238 market share In 2023.
99.0%-99.5%
＞99.5%
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Uranium-238 Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Uranium-238 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Uranium-238 Market, By Type
6. Global Uranium-238 Market, By Application
7. Global Uranium-238 Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Uranium-238 Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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