North America Neutron Capture Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 9.0% from 2024 to 2030.
The North America Neutron Capture Market has witnessed significant growth over the past few years, driven by various industries that require neutron capture for specific applications. This market is predominantly influenced by the demand for neutron capture in fields such as nuclear energy, medical applications, and material science. Neutron capture is a process in which a neutron is absorbed by a nucleus, which leads to the emission of gamma radiation or other particles, depending on the type of nucleus involved. This process is critical in various research and industrial applications, where precision and efficiency are paramount.
In the nuclear industry, neutron capture plays a vital role in nuclear reactors, where it is used for controlling the fission process. Neutron capture cross-sections are key parameters in reactor design, as they determine how neutrons interact with various materials. These interactions help in sustaining the nuclear chain reaction while ensuring safety and stability in the reactor. The medical industry also benefits from neutron capture technologies, particularly in cancer treatment through neutron capture therapy, which involves neutron-activated isotopes that can target and destroy cancer cells effectively.
Furthermore, neutron capture has applications in material science, where it is used for neutron radiography and imaging. These applications allow researchers to examine the structure of materials without damaging them, which is essential for understanding the composition and integrity of different substances. The aerospace industry has also emerged as a growing user of neutron capture for various purposes, including material testing and the detection of potential structural weaknesses in parts used in aircraft.
The demand for neutron capture technologies is expected to continue growing, especially as industries look for more precise and effective methods of research and production. As a result, the North America Neutron Capture Market will likely expand, driven by advancements in nuclear technology, medical applications, and material science.
North America Neutron Capture Market
Get an In-Depth Research Analysis of the North America Neutron Capture Market Size And Forecast [2025-2032]
3M
Holtec International
Nikkeikin Aluminium Core Technology Company
Nippon Yakin Kogyo
MillenniTEK
Lemer Pax
Jiangsu Hailong Nuclear Technology
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 North America Neutron Capture Market
Spent-fuel Storage Racks
Storage and Transportation Casks
Others
Based on Types the Market is categorized into Below types that held the largest Neutron Capture market share In 2023.
Boron–stainless Steel Alloy
Boron-aluminum Alloy
Boron Carbide-aluminum Composites
Others
North America (United States, North America 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 North America Neutron Capture 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. North America Neutron Capture Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Neutron Capture Market, By Type
6. North America Neutron Capture Market, By Application
7. North America Neutron Capture Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Neutron Capture Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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