Global Ionic Exchange based Liquid Nuclear Waste Treatment Market: Snapshot
Liquid nuclear waste generated from nuclear reactors needs intensive treatment before it can be disposed into the environment. International agencies such as International Atomic Energy, Department of Energy (DoE) USA, and World Nuclear Organization have framed stringent regulations for the storage and treatment of radioactive waste.
Nuclear plants across the world are increasing in number to complement fossil fuels sourced energy to serve the growing energy needs. Nuclear plants have the advantage of producing cheap and sustainable energy that has high thermal efficiency and do not produce pollutants as well. Therefore, the growth in nuclear plants would require a large volume of liquid nuclear waste to be treated.
Posing a hindrance to the growth of ionic exchange based liquid nuclear waste treatment market are a few factors that include high capital required for the construction of nuclear power plants and waste treatment facilities and rising popularity of solar and wind power to complement fossil fuels sourced energy.
As per a report by Transparency Market Research, the global ionic exchange based liquid nuclear waste treatment market is projected to expand at a healthy CAGR of 12.1% between 2017 and 2025. Rising at this pace, the market will become worth US$2,276.9 mn by 2025 from US$803,8 mn in 2016.
Inorganic Natural Ion Exchangers Display Widespread Usage amongst other Ion Exchangers
In terms of ionic exchange processing, the segments into which the global ionic exchange liquid nuclear waste treatment market is divided are inorganic natural ion exchangers, organic natural ion exchangers, synthetic inorganic ion exchangers, synthetic organic ion exchangers, and others. Among all, inorganic natural ionic exchangers are most widely used for treating liquid radioactive waste. However, other ionic exchangers such as organic natural ionic exchangers, synthetic inorganic ionic exchangers, modified natural ionic exchangers, and synthetic organic ionic exchangers are also employed considerably.
The components of the global ionic exchange liquid nuclear waste treatment market based on waste type are low level waste, intermediate level waste, and high level waste. While low level and intermediate level liquid nuclear waste can be effectively treated using ionic exchanges, the treatment of high level waste is a multi-tiered process. It needs to be stored in underground storage far from human intervention for a considerable period of time for its radioactivity to decay naturally. On attaining permissible limits of radioactivity, the nuclear waste is subject to ionic exchange treatment.
Asia Pacific to Emerge Attractive in Forthcoming Years
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the key regional segments into which the global ionic exchange based liquid nuclear waste treatment market is segmented in this report. In 2016, Europe led the ionic exchange based liquid nuclear waste treatment market accounting for more than 49% share in terms of revenue. Countries such as Germany, France, the U.K., and Russia are primarily driving the Europe ionic exchange based liquid nuclear waste treatment market.
Asia Pacific is expected to display an increased market share over the forecast period. The growth of this regional market for ionic exchange based liquid nuclear waste treatment is ascribed to economic development in emerging economies and consistently rising energy needs. Moreover, factors such as availability of nuclear technology, increasing demand for clean and sustainable energy, and adequate suppliers of nuclear fuel are acting in favor of the growth of this regional market.
North America, powered by the U.S, is a mature market for ionic exchange based liquid nuclear waste treatment as the region is home to some well-established players.
Key companies that operate in the global ionic exchange based liquid nuclear waste treatment market include Areva SA, Bechtel Corporation, Augean plc, SRCL Limited, Fluor Corporation, and Svensk Kärnbränslehantering AB.
Global IE based Liquid Nuclear Waste Treatment Market: Overview
The report estimates and forecasts the Ionic Exchange based Liquid Nuclear Waste Treatment market on the global and regional levels. The study provides forecast between 2017 and 2025 based on revenue (US$ Mn) with 2016 as the base year. The report comprises an exhaustive value chain analysis for each of the segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the Ionic Exchange based Liquid Nuclear Waste Treatment market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the Ionic Exchange based Liquid Nuclear Waste Treatment market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of Ionic Exchange based Liquid Nuclear Waste Treatment and global average price trend analysis.
Global IE based Liquid Nuclear Waste Treatment Market: Scope of Study
The report includes Porter’s Five Forces Model to determine the degree of competition in the Ionic Exchange based Liquid Nuclear Waste Treatment market. The report comprises a qualitative write-up on market attractiveness analysis, wherein end-users and regions have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market.
The study provides a comprehensive view of the Ionic Exchange based Liquid Nuclear Waste Treatment market by dividing it into ionic exchange process, liquid waste type, liquid waste source and geography segments. The ionic exchange process have been segmented into Inorganic Natural Ion Exchangers, Organic Natural Ion Exchangers, Synthetic inorganic Ion Exchangers, Synthetic Organic Ion Exchangers, Modified Natural Ion Exchangers, and Others. The liquid waste type are segmented into Low Level Waste, Intermediate Level Waste, and High Level Waste. These segments have been analyzed based on historic, present, and future trends.
Global IE based Liquid Nuclear Waste Treatment Market: Research Methodology
Secondary research sources that were typically referred to include, but were not limited to, International Atomic Energy Agency (IAEA), Nuclear Energy Institute (NEI), World Nuclear Association (WNA), IPFM: International Panel for Fissile Material, company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.
Global IE based Liquid Nuclear Waste Treatment Market: Market Segmentation
Liquid nuclear waste from nuclear reactors needs intensive treatment before its storage and disposal into the environment. Liquid nuclear waste can be categorized into three segments: high level liquid nuclear waste, low level liquid nuclear waste, and intermediate level liquid nuclear waste.
There are mainly five types of ionic exchangers that are utilized around the globe for the treatment of the liquid nuclear waste. Inorganic natural ion exchangers, organic natural ionic exchangers, synthetic inorganic ionic exchangers, synthetic organic ionic exchangers, and modified natural ionic exchangers. All ionic exchanger works on the ionic exchanged process which reduce the radioactive nucleoids into precipitates and reduce the radioactivity of the waste water.
Low level and intermediate level liquid nuclear waste is treated effectively by the help of ionic exchangers. High level waste needs to be stored in underground storage, far from human interventions, for longer time duration before its radioactivity decays naturally to permissible limits for the ionic exchange treatment.
There are primarily five types of nuclear reactors operating in different parts of the globe. These are pressurized water reactors, gas cooled reactors, pressurized heavy water reactors, boiling water reactors and others. Pressurized heavy water reactors and boiling water reactors produces large volume of radioactive liquid waste as compared to gas cooled reactors and pressurized water reactors. Among different types of ionic exchangers, majority of the liquid radioactive waste is treated by inorganic natural ionic exchangers. Others ionic exchangers such as organic natural ionic exchangers, synthetic inorganic ionic exchangers, synthetic organic ionic exchangers, and modified natural ionic exchangers are also employed.
Regional segmentation includes the current and forecast consumption of Ionic Exchange based Liquid Nuclear Waste Treatment in North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). Market segmentation includes demand for consumption in all the regions individually.
Global IE based Liquid Nuclear Waste Treatment Market: Competitive Landscape
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Areva SA, Bechtel Corporation, Augean PLC, SRCL Limited, Fluor Corporation, and Svensk Kärnbränslehantering AB. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).
The global Ionic Exchange based Liquid Nuclear Waste Treatment market has been segmented as follows:
Ionic Exchange based Liquid Nuclear Waste Treatment Market – Ionic exchange process Analysis
- Inorganic Natural Ion Exchangers
- Organic Natural Ion Exchangers
- Synthetic inorganic Ion Exchangers
- Synthetic Organic Ion Exchangers
- Modified Natural Ion Exchangers
Ionic Exchange based Liquid Nuclear Waste Treatment Market – Liquid waste type Analysis
- Low Level Waste
- Intermediate Level Waste
- High Level Waste
Ionic Exchange based Liquid Nuclear Waste Treatment Market – Liquid waste Source Analysis
- Inorganic Natural Ion Exchangers Water Reactor (BWR)
- Organic Natural Ion Exchangers Cooled Reactors (GCR)
- Pressurized Water Reactors (PWR)
- Pressurized Heavy Water Reactors (PHWR)
Ionic Exchange based Liquid Nuclear Waste Treatment Market – Regional Analysis
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa