Uranium

A Global Strategic Business Report

MCP-1426

RESEARCH DASHBOARD

OCT 2025

RELEASE DATE

358

EXECUTIVE POOL

5850

PRICE

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COMPANIES

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DATA TABLES

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PAGES

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EDITION

WHAT'S BEHIND OUR DATA?

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BRANDS TRACKED

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FEATURED COMPANIES

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TOPICS COVERED

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MARKET SEGMENTS

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KEY INDUSTRIES

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CURATION TEAM

4761909

DECISION MAKERS

EXECUTIVE ENGAGEMENTS BY TIER (361)

26

CXO

49

VICE PRESIDENT

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DIRECTOR

222

MANAGER

13

MARKETING

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HIGHLIGHTS & REPORT INDEX

Global Uranium Market to Reach 53.1 Thousand Tons by 2030

The global market for Uranium estimated at 48.2 Thousand Tons in the year 2024, is expected to reach 53.1 Thousand Tons by 2030, growing at a CAGR of 1.6% over the analysis period 2024-2030.

The U.S. Market is Estimated at 13.1 Thousand Tons While China is Forecast to Grow at 2.7% CAGR

The Uranium market in the U.S. is estimated at 13.1 Thousand Tons in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of 9.8 Thousand Tons by the year 2030 trailing a CAGR of 2.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.0% and 1.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Global Uranium Market - Key Trends and Drivers Summarized

What Is Uranium and How Is It Utilized?

Uranium is a heavy metal with significant energy potential, primarily used as fuel in nuclear power plants. Discovered in 1789 by Martin Heinrich Klaproth, uranium`s most common isotope, U-235, is renowned for its ability to sustain a nuclear chain reaction. This property makes uranium a critical resource for generating nuclear energy, which provides a substantial portion of the world`s electricity. Beyond energy production, uranium is also used in various industrial and medical applications, such as radiation shielding, cancer treatment through radiation therapy, and as a counterweight in aircraft and industrial machinery. The mining and processing of uranium involve extracting ore from the ground, crushing and treating it chemically to obtain yellowcake, which is then enriched and fabricated into fuel rods for nuclear reactors.

How Is Technology Enhancing Uranium Extraction and Processing?

Technological advancements are continuously improving the efficiency and environmental sustainability of uranium extraction and processing. In-situ recovery (ISR) is one of the leading innovations, allowing uranium to be dissolved and pumped out from underground deposits without extensive surface disruption. This method reduces the environmental footprint compared to traditional open-pit mining. Additionally, advancements in geophysical and geochemical exploration techniques have increased the accuracy of locating uranium deposits, ensuring more efficient extraction processes. On the processing side, improvements in enrichment technologies, such as gas centrifuges, have enhanced the ability to produce fuel-grade uranium with higher energy yields. Furthermore, innovations in waste management are addressing the challenges of handling radioactive byproducts, focusing on reducing the long-term environmental impact and ensuring safer disposal.

What Are the Major Trends and Challenges in the Uranium Market?

The uranium market is influenced by several key trends and challenges that shape its dynamics. One significant trend is the growing interest in nuclear energy as a low-carbon power source amid global efforts to combat climate change. This has led to a resurgence in nuclear power plant construction, particularly in Asia, where countries like China and India are expanding their nuclear capacities. However, the market faces challenges such as fluctuating uranium prices, which are influenced by geopolitical factors, supply disruptions, and varying demand from nuclear reactors. Another challenge is public perception and regulatory hurdles, driven by concerns over nuclear safety and radioactive waste management. The Fukushima Daiichi nuclear disaster in 2011 significantly impacted public opinion and policy, leading to stricter regulations and a re-evaluation of nuclear energy strategies worldwide. Despite these challenges, ongoing research into advanced nuclear technologies, such as small modular reactors (SMRs) and next-generation reactors, holds promise for the future of uranium in energy production.

What Drives the Growth in the Uranium Market?

The growth in the uranium market is driven by several factors, including technological advancements, expanding applications, and evolving energy policies. The increasing demand for low-carbon energy solutions is a significant driver, as nuclear power provides a stable and efficient alternative to fossil fuels, aligning with global carbon reduction goals. Technological innovations in nuclear reactor design, such as SMRs and thorium reactors, are enhancing the safety and efficiency of nuclear power, thereby increasing the demand for uranium. The expansion of nuclear energy programs in emerging economies, particularly in Asia and the Middle East, is also propelling market growth. Additionally, the development of new uranium mining projects and the optimization of existing operations are ensuring a steady supply to meet the rising demand. Investments in research and development are further advancing uranium extraction, processing, and waste management technologies, making the market more resilient and sustainable. These factors, combined with favorable government policies and international cooperation on nuclear energy, are driving the robust growth and dynamic evolution of the uranium market.

SCOPE OF STUDY

The report analyzes the Uranium market by the following Segments, and Geographic Regions/Countries:

Segments:

Segment (Uranium).

Geographic Regions/Countries:

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa..

SELECT PLAYERS

ARMZ Uranium Holding Co.; BHP Group Limited; Cameco Corp.; China National Nuclear Corporation; Energy Asia Group Pte., Ltd.; NAC Kazatomprom JSC; Navoi Mining and Metallurgical Combinat State Company; Orano; Paladin Energy Ltd.; Rio Tinto PLC; Uranium One Inc.

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TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights

Global Economic Update

Uranium – Global Key Competitors Percentage Market Share in 2024 (E)

Competitive Market Presence - Strong/Active/Niche/Trivial for 81 Players Worldwide in 2024 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Growing Demand for Low-Carbon Energy Solutions Drives Adoption of Uranium

Advances in Nuclear Reactor Technology Propel Growth in Uranium Market

Expansion of Nuclear Energy Programs in Emerging Economies Expands Addressable Market Opportunity

Impact of Geopolitical Factors and Supply Disruptions on Uranium Prices

Increasing Investment in Uranium Mining and Exploration Strengthens Business Case for Market Growth

Development of Small Modular Reactors (SMRs) Generates New Market Segments

Trends in Radioactive Waste Management Technologies Sustain Growth and Environmental Compliance

Growing Interest in Thorium Reactors and Alternative Nuclear Technologies Spurs Demand for Uranium

Public Perception and Acceptance of Nuclear Energy Drives Adoption of Uranium-Based Power

Advances in Geophysical and Geochemical Exploration Techniques Improve Efficiency and Resource Utilization

Rising Costs and Technological Challenges in Traditional Mining Methods Propel Innovations in In-Situ Recovery (ISR)

4. GLOBAL MARKET PERSPECTIVE

World Uranium Market Analysis of Annual Sales in Tons for Years 2015 through 2030

World Recent Past, Current & Future Analysis for Uranium by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2024 through 2030 and % CAGR

World Historic Review for Uranium by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

World 15-Year Perspective for Uranium by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2015, 2025 & 2030

III. MARKET ANALYSIS

UNITED STATES

Uranium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)

USA Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

USA Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

CANADA

Canada Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Canada Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

JAPAN

Uranium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)

Japan Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Japan Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

CHINA

Uranium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)

China Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

China Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

EUROPE

Uranium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)

Europe Recent Past, Current & Future Analysis for Uranium by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in Tons for Years 2024 through 2030 and % CAGR

Europe Historic Review for Uranium by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

Europe 15-Year Perspective for Uranium by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2015, 2025 & 2030

FRANCE

Uranium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)

France Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

France Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

GERMANY

Uranium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)

Germany Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Germany Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

ITALY

Italy Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Italy Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

UNITED KINGDOM

Uranium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)

UK Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

UK Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

SPAIN

Spain Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Spain Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

RUSSIA

Russia Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Russia Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

REST OF EUROPE

Rest of Europe Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Rest of Europe Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

ASIA-PACIFIC

Uranium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)

Asia-Pacific Recent Past, Current & Future Analysis for Uranium by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in Tons for Years 2024 through 2030 and % CAGR

Asia-Pacific Historic Review for Uranium by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

Asia-Pacific 15-Year Perspective for Uranium by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2015, 2025 & 2030

AUSTRALIA

Uranium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2025 (E)

Australia Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Australia Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

INDIA

Uranium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2025 (E)

India Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

India Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

SOUTH KOREA

South Korea Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

South Korea Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

REST OF ASIA-PACIFIC

Rest of Asia-Pacific Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Rest of Asia-Pacific Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

LATIN AMERICA

Uranium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2025 (E)

Latin America Recent Past, Current & Future Analysis for Uranium by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in Tons for Years 2024 through 2030 and % CAGR

Latin America Historic Review for Uranium by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

Latin America 15-Year Perspective for Uranium by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2015, 2025 & 2030

ARGENTINA

Argentina Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Argentina Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

BRAZIL

Brazil Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Brazil Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

MEXICO

Mexico Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Mexico Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

REST OF LATIN AMERICA

Rest of Latin America Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Rest of Latin America Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

MIDDLE EAST

Uranium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2025 (E)

Middle East Recent Past, Current & Future Analysis for Uranium by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in Tons for Years 2024 through 2030 and % CAGR

Middle East Historic Review for Uranium by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

Middle East 15-Year Perspective for Uranium by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2015, 2025 & 2030

IRAN

Iran Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Iran Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

ISRAEL

Israel Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Israel Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

SAUDI ARABIA

Saudi Arabia Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Saudi Arabia Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

UNITED ARAB EMIRATES

UAE Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

UAE Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

REST OF MIDDLE EAST

Rest of Middle East Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Rest of Middle East Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

AFRICA

Uranium Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2025 (E)

Africa Recent Past, Current & Future Analysis for Uranium by Segment - Uranium - Independent Analysis of Annual Sales in Tons for the Years 2024 through 2030 and % CAGR

Africa Historic Review for Uranium by Segment - Uranium Markets - Independent Analysis of Annual Sales in Tons for Years 2015 through 2023 and % CAGR

COMPETITIVE METRICS

COMPETITORS (ALPHABETICAL)	% VALIDATED RESEARCH *
American Lithium Corp	%
ARMZ Uranium Holding Co.	%
Canadian Nuclear Society/Societe Nucleaire Canadienne, Inc.	%
Centrus Energy Corp.	%
China National Nuclear Corporation	%
Global Atomic Corporation	%
Industrias Nucleares Do Brasil SA	%
Marubeni Corporation	%
McNally Bharat Engineering Co., Ltd.	%
NickelSearch Limited	%

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