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Thorium Fuel Cycle Market 2021 Size will Grow at a Robust Pace through 2027

05-31-2021 07:27 PM CET | Energy & Environment

Press release from: Allied Market Research

Thorium Fuel Cycle Market

Thorium Fuel Cycle Market

Rise in demand for an alternative to uranium-based fuel is a key factor driving the growth of the global thorium fuel cycle market. In addition, surge in demand for affordable, safe, and clean source of nuclear energy boosts the growth of the global thorium fuel cycle market. The thorium fuel cycle offers several potential advantages such as nuclear properties (e.g., lower capture-to-fission ratio for thermal neutrons), superior physical properties, greater abundance, and enhanced resistance to nuclear weapons proliferation when used in traditional light water reactors. Moreover, several demonstrations have been carried out to generate electricity in different types of reactors globally. Several countries that have abundant resources for thorium are expected to focus on the utilization of thorium fuel on an industrial scale.

In the near future, ample availability of thorium is anticipated to yield tremendous opportunities for market expansion. To provide optimum choice to manage uranium and plutonium, major emphasis has been given on thorium-based fuels for utilization in evolutionary generation III+ reactors. However, owing to the radioactive nature of thorium, concerns related to environment and health are expected to impede the growth of the thorium fuel cycle market. Excessive release of thorium in the environment negatively impacts the flora and fauna of the ecosystem. Thus, implementation of stringent regulations regarding the use of thorium is another major factor that negatively affects the market.

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Key benefits of the report

• This study presents the analytical depiction of the global thorium fuel cycle industry along with the current trends and future estimations to determine the imminent investment pockets.

• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global thorium fuel cycle market share.

• The current market is quantitatively analyzed from 2019 to 2027 to highlight the global thorium fuel cycle market growth scenario.

• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/7261

COVID-19 scenario analysis

The global thorium fuel cycle market is expecting slowdown during the forecast period, owing to the outbreak of the COVID-19 pandemic. The lockdown implemented by government and public authorities have taken industries to a standstill. In addition, companies are struggling with missed sales and disrupted supply chains, as production shutdown and quarantine policies extend across the world, limiting travel and exchange, which, in turn, has negatively impacted the growth of the global thorium fuel cycle market. Furthermore, the outbreak has led to reduced demand for fuel, contributing to decline in supply.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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