Industrial Radioactive Sources Market to Reach $565 Million by 2031, Driven by Expanding Applications in Oil & Gas and Manufacturing Sectors

Los Angeles, United State: QY Research recently published a research report titled, "Global Industrial Radioactive Sources Market Research Report 2025". The research report is collated on the basis of historic and forecast data derived by using primary and secondary methodologies by researchers. The Global Industrial Radioactive Sources Market is one of the fastest-growing markets and is expected to witness substantial growth in the forecast years. Readers are provided easy access to thorough analysis on the various aspects such as opportunities and restraints affecting the market. The Industrial Radioactive Sources report clearly explains the trajectory this market will take in the forecast years 2025-2031.

The Industrial Radioactive Sources research report has presented an analysis of various factors influencing the market's current growth. Drivers, restraints, and trends are elaborated to understand their positive or negative effects. This section is aimed at providing readers with a thorough information about the potential scope of various applications and segments. These estimates are based on the current trends and historic milestones.

The global market for Industrial Radioactive Sources was valued at US$ 400 million in the year 2024 and is projected to reach a revised size of US$ 565 million by 2031, growing at a CAGR of 5.1% during the forecast period.

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Industrial Radioactive Isotope refers to a radioactive element used in various industrial applications due to its radioactive properties. These isotopes are commonly utilized in non-destructive testing, radiography, and tracing applications to inspect and ensure the integrity of structures, machinery, and processes. They emit radiation that can penetrate materials and be detected by specialized instruments, allowing for the examination of welds, pipelines, and other critical components without damaging them. Industrial radioactive isotopes are also used in applications such as gauging thickness, density measurements, and flow tracking.

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.

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.

Segment Analysis

The Industrial Radioactive Sources research report briefs on segments such as product type and end users. The product type segment gives an understanding about various products available in the market. It also gives information on what is the scope and potential of each product. Also, the segment presents an elaborate information on end users. Understanding end users is of utmost importance as it aids in identifying marketable areas.

Details of Industrial Radioactive Sources Market Segmentation: -

Segment by Type:

Co-60
Ir-192
Cs-137
Se-75
Others

Segment by Application:

Irradiate
Flaw Detection
Others

Regional Analysis

The Industrial Radioactive Sources research report studies the contribution of various regions in the market by understanding their political, technological, social, environmental, and economical status. Analysts have included data pertaining to every region, its manufacturers, production, and revenue. The regions studied in the market includes North America, Europe, Asia Pacific, South and Central America, South Asia, the Middle and Africa, South Korea, and others. This section is focuses on helping the reader analyse the potential of each region for making sound investments.

Segment by Region:

North America
Europe
Asia Pacific
South America
Middle East and Africa

Competitive Landscape

This section of the Industrial Radioactive Sources Market report offers a thorough and comprehensive information about the various manufacturers in the market. The major manufacturers covered in the report hold significant share that demands a microscopic look. It provides vital information about various strategies implemented by these manufacturers to combat competition and expand their footprint in the market. It also surveys the current trends adopted by the manufacturers to innovate their product for the future. This Industrial Radioactive Sources report is structured in such a way so as to help the reader understand the market and make business decisions accordingly.

Key Manufacturers Operating in the Global Industrial Radioactive Sources Market are:

Nordion
Rosatom
China lsotope & Radiation Corporation
Eckert & Ziegler Strahlen
Polatom
Board of Radiation and Isotope Technology (BRIT)
DIOXITEK

Highlights of Report

(1) Buyers of the report will have access to unique information about top 10 players of the global Industrial Radioactive Sources market

(2) The report informs readers about future products and technologies to be introduced in the global Industrial Radioactive Sources market

(3) Readers are offered with comprehensive analysis on key revenue pockets of the global Industrial Radioactive Sources market

(4) The report provides details about long-term and short-term strategies adopted by major players of the global Industrial Radioactive Sources market

(5) The authors of the report have provided demand and growth trends of the global Industrial Radioactive Sources market and also its segments

(6) In the geographical analysis section, the report discusses about recent market developments in different regions and countries

The report can be used by players, stakeholders, and investors since it caters to all of them in a unique fashion. It offers special analysis on various competitive scenarios to help players to better compete in the global Industrial Radioactive Sources market. In the competitive analysis section, it provides a detailed list of important mergers and acquisitions, collaborations, and partnerships that key players have signed when operating in the global Industrial Radioactive Sources market. In the concluding part of the report, the analysts have provided powerful recommendations and suggestions to help players to ensure healthy growth in the global Industrial Radioactive Sources market.

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Table of Contents

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: 2024 VS 2031
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: 2024 VS 2031
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 (2020-2031)
1.4.2 Global Industrial Radioactive Sources Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Industrial Radioactive Sources Production Estimates and Forecasts (2020-2031)
1.4.4 Global Industrial Radioactive Sources Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global Industrial Radioactive Sources Production Market Share by Manufacturers (2020-2025)
2.2 Global Industrial Radioactive Sources Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Industrial Radioactive Sources, Industry Ranking, 2023 VS 2024
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 (2020-2025)
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: 2020 VS 2024 VS 2031
3.2 Global Industrial Radioactive Sources Production Value by Region (2020-2031)
3.2.1 Global Industrial Radioactive Sources Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Industrial Radioactive Sources by Region (2026-2031)
3.3 Global Industrial Radioactive Sources Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Industrial Radioactive Sources Production Volume by Region (2020-2031)
3.4.1 Global Industrial Radioactive Sources Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Industrial Radioactive Sources by Region (2026-2031)
3.5 Global Industrial Radioactive Sources Market Price Analysis by Region (2020-2025)
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 (2020-2031)
3.6.2 Europe Industrial Radioactive Sources Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Industrial Radioactive Sources Production Value Estimates and Forecasts (2020-2031)

4 Industrial Radioactive Sources Consumption by Region
4.1 Global Industrial Radioactive Sources Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Industrial Radioactive Sources Consumption by Region (2020-2031)
4.2.1 Global Industrial Radioactive Sources Consumption by Region (2020-2025)
4.2.2 Global Industrial Radioactive Sources Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Industrial Radioactive Sources Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Industrial Radioactive Sources Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Industrial Radioactive Sources Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Industrial Radioactive Sources Consumption by Country (2020-2031)
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 Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Industrial Radioactive Sources Consumption by Region (2020-2031)
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: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Industrial Radioactive Sources Consumption by Country (2020-2031)
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 (2020-2031)
5.1.1 Global Industrial Radioactive Sources Production by Type (2020-2025)
5.1.2 Global Industrial Radioactive Sources Production by Type (2026-2031)
5.1.3 Global Industrial Radioactive Sources Production Market Share by Type (2020-2031)
5.2 Global Industrial Radioactive Sources Production Value by Type (2020-2031)
5.2.1 Global Industrial Radioactive Sources Production Value by Type (2020-2025)
5.2.2 Global Industrial Radioactive Sources Production Value by Type (2026-2031)
5.2.3 Global Industrial Radioactive Sources Production Value Market Share by Type (2020-2031)
5.3 Global Industrial Radioactive Sources Price by Type (2020-2031)

6 Segment by Application
6.1 Global Industrial Radioactive Sources Production by Application (2020-2031)
6.1.1 Global Industrial Radioactive Sources Production by Application (2020-2025)
6.1.2 Global Industrial Radioactive Sources Production by Application (2026-2031)
6.1.3 Global Industrial Radioactive Sources Production Market Share by Application (2020-2031)
6.2 Global Industrial Radioactive Sources Production Value by Application (2020-2031)
6.2.1 Global Industrial Radioactive Sources Production Value by Application (2020-2025)
6.2.2 Global Industrial Radioactive Sources Production Value by Application (2026-2031)
6.2.3 Global Industrial Radioactive Sources Production Value Market Share by Application (2020-2031)
6.3 Global Industrial Radioactive Sources Price by Application (2020-2031)

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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Industrial Radioactive Sources Production Mode & Process Analysis
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 Customer Analysis

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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