Industrial Radioactive Sources Market Poised for Growth with Rising Demand in Non-Destructive Testing and Medical Applications

LOS ANGELES, United States: The global Industrial Radioactive Sources market report offers fine intelligence that prepares market players to compete well against their toughest competitors on the basis of growth, sales, and other vital factors. The research study lays emphasis on key growth opportunities and market trends apart from critical market dynamics including market drivers and challenges. With the help of this report, interested parties can equip themselves to adapt according to the changes in the Industrial Radioactive Sources industry and secure a strong market position for years to come. The report provides market development statistics, a list of select leading players, deep regional analysis, and a broad market segmentation study to give a complete understanding of the global Industrial Radioactive Sources market.

The global Industrial Radioactive Sources market was valued at US$ 325 million in 2023 and is anticipated to reach US$ 540 million by 2030, witnessing a CAGR of 5.1% during the forecast period 2024-2030.

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The production of Industrial Radioactive Isotope is concentrated among a few major players, including Rosatom, Nordion, China National Nuclear Corporation, and Eckert & Ziegler Strahlen. These companies dominate the market, holding 85.38% of the global share in 2023. The market is highly concentrated, which makes the supply chain vulnerable to international disruptions such as trade conflicts and geopolitical tensions, including the U.S.-China trade friction and the Russia-Ukraine conflict.

Key Players Mentioned in the Global Industrial Radioactive Sources Market Research Report: Nordion, Rosatom, China lsotope & Radiation Corporation, Eckert & Ziegler Strahlen, Polatom, Board of Radiation and Isotope Technology (BRIT), DIOXITEK

Market Segmentation

Global Industrial Radioactive Sources Market, Segment by Type

Co-60

Ir-192

Cs-137

Se-75

Others

Global Industrial Radioactive Sources Market, Segment by Application

Irradiate

Flaw Detection

Others

The applications of Industrial Radioactive Isotope are primarily categorized into Irradiation Processing and Nondestructive Testing (NDT). In 2023, the Irradiation Processing application segment generated $ 333.98 million in revenue, with expectations to reach $ 473.54 million by 2030, reflecting a CAGR of 5.13% from 2024 to 2030.

The Industrial Radioactive Isotope market is predominantly driven by the Asia-Pacific region, which holds a significant share of 51.82% in 2023. Europe follows with a market share of around 24.46% for the same year.

Despite the steady growth in demand for Industrial Radioactive Isotope, stringent safety regulations in developed countries are driving efforts to develop new products and technologies that minimize the use of radioactive sources, particularly Cesium-137, Iridium-192, and Cobalt-60. However, many developing countries continue to use Cobalt-60 due to the high capital costs associated with transitioning to alternative non-radioactive technologies. As technological advancements continue and nuclear technology becomes more widespread, the number and applications of Industrial Radioactive Isotope are expected to expand.

How can the research study help your business?

(1) The information presented in the Industrial Radioactive Sources report helps your decision makers to become prudent and make the best business choices.

(2) The report enables you to see the future of the global Industrial Radioactive Sources market and accordingly take decisions that will be in the best interest of your business.

(3) It offers you a forward-looking perspective of the global Industrial Radioactive Sources market drivers and how you can secure significant market gains in the near future.

(4) It provides SWOT analysis of the global Industrial Radioactive Sources market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.

(5) It also assesses the changing competitive dynamics of the global Industrial Radioactive Sources market using pin-point evaluation.

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Table of Content

1 Industrial Radioactive Sources Market Overview
1.1 Product Definition
1.2 Industrial Radioactive Sources by Type
1.2.1 Global Industrial Radioactive Sources Market Value Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Co-60
1.2.3 Ir-192
1.2.4 Cs-137
1.2.5 Se-75
1.2.6 Others
1.3 Industrial Radioactive Sources by Application
1.3.1 Global Industrial Radioactive Sources Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Irradiate
1.3.3 Flaw Detection
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Industrial Radioactive Sources Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Industrial Radioactive Sources Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Industrial Radioactive Sources Production Estimates and Forecasts (2019-2030)
1.4.4 Global Industrial Radioactive Sources Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global Industrial Radioactive Sources Production Market Share by Manufacturers (2019-2024)
2.2 Global Industrial Radioactive Sources Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Industrial Radioactive Sources, Industry Ranking, 2022 VS 2023
2.4 Global Industrial Radioactive Sources Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Industrial Radioactive Sources Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Industrial Radioactive Sources, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Industrial Radioactive Sources, Product Offered and Application
2.8 Global Key Manufacturers of Industrial Radioactive Sources, Date of Enter into This Industry
2.9 Industrial Radioactive Sources Market Competitive Situation and Trends
2.9.1 Industrial Radioactive Sources Market Concentration Rate
2.9.2 Global 5 and 10 Largest Industrial Radioactive Sources Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion

3 Industrial Radioactive Sources Production by Region
3.1 Global Industrial Radioactive Sources Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Industrial Radioactive Sources Production Value by Region (2019-2030)
3.2.1 Global Industrial Radioactive Sources Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Industrial Radioactive Sources by Region (2025-2030)
3.3 Global Industrial Radioactive Sources Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Industrial Radioactive Sources Production by Region (2019-2030)
3.4.1 Global Industrial Radioactive Sources Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Industrial Radioactive Sources by Region (2025-2030)
3.5 Global Industrial Radioactive Sources Market Price Analysis by Region (2019-2024)
3.6 Global Industrial Radioactive Sources Production and Value, Year-over-Year Growth
3.6.1 North America Industrial Radioactive Sources Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Industrial Radioactive Sources Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Industrial Radioactive Sources Production Value Estimates and Forecasts (2019-2030)

4 Industrial Radioactive Sources Consumption by Region
4.1 Global Industrial Radioactive Sources Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Industrial Radioactive Sources Consumption by Region (2019-2030)
4.2.1 Global Industrial Radioactive Sources Consumption by Region (2019-2030)
4.2.2 Global Industrial Radioactive Sources Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Industrial Radioactive Sources Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Industrial Radioactive Sources Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Industrial Radioactive Sources Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Industrial Radioactive Sources Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Industrial Radioactive Sources Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Industrial Radioactive Sources Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Industrial Radioactive Sources Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Industrial Radioactive Sources Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries

5 Segment by Type
5.1 Global Industrial Radioactive Sources Production by Type (2019-2030)
5.1.1 Global Industrial Radioactive Sources Production by Type (2019-2024)
5.1.2 Global Industrial Radioactive Sources Production by Type (2025-2030)
5.1.3 Global Industrial Radioactive Sources Production Market Share by Type (2019-2030)
5.2 Global Industrial Radioactive Sources Production Value by Type (2019-2030)
5.2.1 Global Industrial Radioactive Sources Production Value by Type (2019-2024)
5.2.2 Global Industrial Radioactive Sources Production Value by Type (2025-2030)
5.2.3 Global Industrial Radioactive Sources Production Value Market Share by Type (2019-2030)
5.3 Global Industrial Radioactive Sources Price by Type (2019-2030)

6 Segment by Application
6.1 Global Industrial Radioactive Sources Production by Application (2019-2030)
6.1.1 Global Industrial Radioactive Sources Production by Application (2019-2024)
6.1.2 Global Industrial Radioactive Sources Production by Application (2025-2030)
6.1.3 Global Industrial Radioactive Sources Production Market Share by Application (2019-2030)
6.2 Global Industrial Radioactive Sources Production Value by Application (2019-2030)
6.2.1 Global Industrial Radioactive Sources Production Value by Application (2019-2024)
6.2.2 Global Industrial Radioactive Sources Production Value by Application (2025-2030)
6.2.3 Global Industrial Radioactive Sources Production Value Market Share by Application (2019-2030)
6.3 Global Industrial Radioactive Sources Price by Application (2019-2030)

7 Key Companies Profiled
7.1 Nordion
7.1.1 Nordion Industrial Radioactive Sources Company Information
7.1.2 Nordion Industrial Radioactive Sources Product Portfolio
7.1.3 Nordion Industrial Radioactive Sources Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Nordion Main Business and Markets Served
7.1.5 Nordion Recent Developments/Updates
7.2 Rosatom
7.2.1 Rosatom Industrial Radioactive Sources Company Information
7.2.2 Rosatom Industrial Radioactive Sources Product Portfolio
7.2.3 Rosatom Industrial Radioactive Sources Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Rosatom Main Business and Markets Served
7.2.5 Rosatom Recent Developments/Updates
7.3 China lsotope & Radiation Corporation
7.3.1 China lsotope & Radiation Corporation Industrial Radioactive Sources Company Information
7.3.2 China lsotope & Radiation Corporation Industrial Radioactive Sources Product Portfolio
7.3.3 China lsotope & Radiation Corporation Industrial Radioactive Sources Production, Value, Price and Gross Margin (2019-2024)
7.3.4 China lsotope & Radiation Corporation Main Business and Markets Served
7.3.5 China lsotope & Radiation Corporation Recent Developments/Updates
7.4 Eckert & Ziegler Strahlen
7.4.1 Eckert & Ziegler Strahlen Industrial Radioactive Sources Company Information
7.4.2 Eckert & Ziegler Strahlen Industrial Radioactive Sources Product Portfolio
7.4.3 Eckert & Ziegler Strahlen Industrial Radioactive Sources Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Eckert & Ziegler Strahlen Main Business and Markets Served
7.4.5 Eckert & Ziegler Strahlen Recent Developments/Updates
7.5 Polatom
7.5.1 Polatom Industrial Radioactive Sources Company Information
7.5.2 Polatom Industrial Radioactive Sources Product Portfolio
7.5.3 Polatom Industrial Radioactive Sources Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Polatom Main Business and Markets Served
7.5.5 Polatom Recent Developments/Updates
7.6 Board of Radiation and Isotope Technology (BRIT)
7.6.1 Board of Radiation and Isotope Technology (BRIT) Industrial Radioactive Sources Company Information
7.6.2 Board of Radiation and Isotope Technology (BRIT) Industrial Radioactive Sources Product Portfolio
7.6.3 Board of Radiation and Isotope Technology (BRIT) Industrial Radioactive Sources Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Board of Radiation and Isotope Technology (BRIT) Main Business and Markets Served
7.6.5 Board of Radiation and Isotope Technology (BRIT) Recent Developments/Updates
7.7 DIOXITEK
7.7.1 DIOXITEK Industrial Radioactive Sources Company Information
7.7.2 DIOXITEK Industrial Radioactive Sources Product Portfolio
7.7.3 DIOXITEK Industrial Radioactive Sources Production, Value, Price and Gross Margin (2019-2024)
7.7.4 DIOXITEK Main Business and Markets Served
7.7.5 DIOXITEK Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis
8.1 Industrial Radioactive Sources Industry Chain Analysis
8.2 Industrial Radioactive Sources Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Industrial Radioactive Sources Production Mode & Process
8.4 Industrial Radioactive Sources Sales and Marketing
8.4.1 Industrial Radioactive Sources Sales Channels
8.4.2 Industrial Radioactive Sources Distributors
8.5 Industrial Radioactive Sources Customers

9 Industrial Radioactive Sources Market Dynamics
9.1 Industrial Radioactive Sources Industry Trends
9.2 Industrial Radioactive Sources Market Drivers
9.3 Industrial Radioactive Sources Market Challenges
9.4 Industrial Radioactive Sources Market Restraints

10 Research Findings and Conclusion

11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

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