Reports and Data has recently published a novel research report on global Thorium Market covering current market scenario and market developments between 2019 and 2030. The report offers in-depth analysis of historical and latest market trends along with revenue growth, market size, drivers, restraints, limitations and opportunities. The report is well curated using statistical methods such as SWOT analysis and Porter’s Five Force and presented using tables, graphs, charts, figures and other pictorial representations to help user understand the market dynamics. The data is collected using extensive primary and secondary research which is evaluated by experts and professionals in the industry.
thorium market is expected to register a steady revenue CAGR during the forecast period. The abundant availability of thorium is expected to open up exciting opportunities to fuel nuclear reactors over the forecast period. A major emphasis has been placed on research into fuels for use in evolutionary generation III+ in order to provide the best option for managing uranium and plutonium. The expanding aerospace industries are expected to hold potential opportunities for its use in the composition of aircraft engines with magnesium. These factors are expected to drive market revenue growth during the forecast period.
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The report offers details about financial standing, global positional, license agreement, business expansion plans and product portfolios of each player operating in the market. The global Thorium market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, collaborations, joint ventures, partnerships, RD investments and new product launches to gain robust footing in the market and expand their product portfolio.
Key Companies in the market include: ARAFURA Resources (Australia), Blackwood (U.K.), Crossland Uranium Mines (Australia), Kimberley Rare Earths Metal (Australia), Navigator Resources (Australia), Western Desert Resources (Australia), Steenkampskraal Thorium (South Africa), Namibia Rare Earth (Namibia)
The materials and chemicals industry revenue has rapidly expanded over the recent past. The global Thorium market is expected to register robust revenue growth during the forecast period, 2021-2028. Revenue growth of the global market is significantly driven by factors such as high demand for raw materials and chemicals across various sectors including food and beverages, paper pulp, chemicals and medical, biotechnology and pharmaceutical and rapid urbanization and industrial developments worldwide. In addition, increasing per capita income, rising investments by public and private organizations and rising demand for eco-friendly and sustainable products due to rising awareness about carbon emissions are expected to boost global market growth during the forecast period.
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- Type Outlook (Revenue, USD Billion; 2019-2030)
- Powder Form
- Granular Form
- Application/End-use Outlook (Revenue, USD Billion; 2019-2030)
- Gas Mantles
- Electronic Equipment Coating
- Refractory Material Manufacturing
- Camera Lens/Scientific Instrument
- Nuclear Reactor
- Heat Resistant Ceramics
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Key questions covered in the global Thorium market report:
- What is the expected market size of the global Thorium market during the forecast period?
- What factors are expected to hamper global Thorium market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Thorium market?
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