Neutron Absorber Material Trends and Forecast
The future of the global neutron absorber material market looks promising with opportunities in the spent fuel storage rack and storage & transportation cask markets. The global neutron absorber material market is expected to grow with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are increasing focus on nuclear safety & radiation protection, growth in nuclear power generation & research activities, and rising advancements in neutron absorber material technologies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Neutron Absorber Material by Segment
The study includes a forecast for the global neutron absorber material by type, application, and region.
Neutron Absorber Material Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Boron-Stainless Steel
• Boron Carbide
• Boron Carbide-Aluminum Composite
• Others
Neutron Absorber Material Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Spent Fuel Storage Racks
• Storage & Transportation Casks
• Others
Neutron Absorber Material Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Neutron Absorber Material Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies neutron absorber material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the neutron absorber material companies profiled in this report include-
• 3M
• Holtec International
• Nikkeikin Aluminium Core Technology Company
• Rochling
• Nippon Yakin Kogyo
• Antai-Heyuan Nuclear Energy Technology & Materials
• MillenniTEK
• Ramon Science And Technology
• Lemer Pax
• Hangzhou Taofeilun
Neutron Absorber Material Market Insights
Lucintel forecasts that boron-stainless steel is expected to witness the higher growth over the forecast period.
Within this market, spent fuel storage rack is expected to witness the higher growth.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Neutron Absorber Material Market
Market Size Estimates: Neutron absorber material market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Neutron absorber material market size by type, application, and region in terms of value ($B).
Regional Analysis: Neutron absorber material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the neutron absorber material market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the neutron absorber material market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for neutron absorber material market?
Answer: The global neutron absorber material market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the neutron absorber material market?
Answer: The major drivers for this market are increasing focus on nuclear safety & radiation protection, growth in nuclear power generation & research activities, and rising advancements in neutron absorber material technologies.
Q3. What are the major segments for neutron absorber material market?
Answer: The future of the neutron absorber material market looks promising with opportunities in the spent fuel storage rack and storage & transportation cask markets.
Q4. Who are the key neutron absorber material market companies?
Answer: Some of the key neutron absorber material companies are as follows:
• 3M
• Holtec International
• Nikkeikin Aluminium Core Technology Company
• Rochling
• Nippon Yakin Kogyo
• Antai-Heyuan Nuclear Energy Technology & Materials
• MillenniTEK
• Ramon Science And Technology
• Lemer Pax
• Hangzhou Taofeilun
Q5. Which neutron absorber material market segment will be the largest in future?
Answer: Lucintel forecasts that boron-stainless steel is expected to witness the higher growth over the forecast period.
Q6. In neutron absorber material market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the neutron absorber material market by type (boron-stainless steel, boron carbide, boron carbide-aluminum composite, and others), application (spent fuel storage racks, storage & transportation casks, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Neutron Absorber Material Market, Neutron Absorber Material Market Size, Neutron Absorber Material Market Growth, Neutron Absorber Material Market Analysis, Neutron Absorber Material Market Report, Neutron Absorber Material Market Share, Neutron Absorber Material Market Trends, Neutron Absorber Material Market Forecast, Neutron Absorber Material Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.