Uranium Mining Market Key Findings by 2031
The process of extracting uranium from underground and open-pit mines is referred to uranium mining. Canada, Australia, and Kazakhstan are among the top 3 uranium extracting countries in the world. Uranium are majorly used across nuclear power plants and other applications such as uranium glass or ferrouranium. Moreover, there are two major type of uranium that is mined commonly called unconformity-type and sandstone-type.
MARKET DYNAMICS
The increasing application of uranium for manufacturing medical, defense, and industrial equipment is contributing to the rising demand of the same, leading to growth of the uranium mining market. The rising investment by these industry to innovate their products line and develop new and advanced products is further expected to contribute to the growth of the market over the forecast period.
MARKET SCOPE
The "Global Uranium Mining Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The uranium mining market report aims to provide an overview of the uranium mining market with detailed market segmentation by mining technique, application, and geography. The global uranium mining market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading uranium mining market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global uranium mining market is segmented based on mining technique, application. Based on mining technique, the uranium mining market is segmented into open-pit mining, underground mining. Based on application, the uranium mining market is segmented into medical, defense, industrial, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global uranium mining market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The uranium mining market by each region is later sub-segmented by respective countries and segments. The uranium mining market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the uranium mining market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the uranium mining market in these regions.
IMPACT OF COVID-19 ON URANIUM MINING MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global uranium mining market. The demand for uranium from the end-use industries declined significantly from the owing to strict lockdown imposed by government bodies which affect the demand side of the market. Additionally, the stringent lockdown imposed by various government bodies across impacted the uranium mining thereby impacting the growth of the global uranium mining market from the supply side as well.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global uranium mining market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The uranium mining market by each region is later sub-segmented by respective countries and segments. The uranium mining market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the uranium mining market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the uranium mining market in these regions.
IMPACT OF COVID-19 ON URANIUM MINING MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global uranium mining market. The demand for uranium from the end-use industries declined significantly from the owing to strict lockdown imposed by government bodies which affect the demand side of the market. Additionally, the stringent lockdown imposed by various government bodies across impacted the uranium mining thereby impacting the growth of the global uranium mining market from the supply side as well.
MARKET PLAYERS
The reports cover key developments in the uranium mining market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from uranium mining market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the uranium mining market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the uranium mining market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Kazatomprom
- Cameco Corp.
- Orano Group
- Uranium One Inc.
- ARMZ Uranium Holding Co.
- China National Nuclear Corporation
- CGN Mining
- BHP
- General Atomics.
- Navoi Mining and Metallurgy Company.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Uranium Mining Market - By Mining Technique
1.3.2 Uranium Mining Market - By Application
1.3.3 Uranium Mining Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. URANIUM MINING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. URANIUM MINING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. URANIUM MINING MARKET - GLOBAL MARKET ANALYSIS
6.1. URANIUM MINING - GLOBAL MARKET OVERVIEW
6.2. URANIUM MINING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. URANIUM MINING MARKET - REVENUE AND FORECASTS TO 2028 - MINING TECHNIQUE
7.1. OVERVIEW
7.2. MINING TECHNIQUE MARKET FORECASTS AND ANALYSIS
7.3. OPEN-PIT MINING
7.3.1. Overview
7.3.2. Open-pit Mining Market Forecast and Analysis
7.4. UNDERGROUND MINING
7.4.1. Overview
7.4.2. Underground Mining Market Forecast and Analysis
8. URANIUM MINING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MEDICAL
8.3.1. Overview
8.3.2. Medical Market Forecast and Analysis
8.4. DEFENSE
8.4.1. Overview
8.4.2. Defense Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. URANIUM MINING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Uranium Mining Market Overview
9.1.2 North America Uranium Mining Market Forecasts and Analysis
9.1.3 North America Uranium Mining Market Forecasts and Analysis - By Mining Technique
9.1.4 North America Uranium Mining Market Forecasts and Analysis - By Application
9.1.5 North America Uranium Mining Market Forecasts and Analysis - By Countries
9.1.5.1 United States Uranium Mining Market
9.1.5.1.1 United States Uranium Mining Market by Mining Technique
9.1.5.1.2 United States Uranium Mining Market by Application
9.1.5.2 Canada Uranium Mining Market
9.1.5.2.1 Canada Uranium Mining Market by Mining Technique
9.1.5.2.2 Canada Uranium Mining Market by Application
9.1.5.3 Mexico Uranium Mining Market
9.1.5.3.1 Mexico Uranium Mining Market by Mining Technique
9.1.5.3.2 Mexico Uranium Mining Market by Application
9.2. EUROPE
9.2.1 Europe Uranium Mining Market Overview
9.2.2 Europe Uranium Mining Market Forecasts and Analysis
9.2.3 Europe Uranium Mining Market Forecasts and Analysis - By Mining Technique
9.2.4 Europe Uranium Mining Market Forecasts and Analysis - By Application
9.2.5 Europe Uranium Mining Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Uranium Mining Market
9.2.5.1.1 Germany Uranium Mining Market by Mining Technique
9.2.5.1.2 Germany Uranium Mining Market by Application
9.2.5.2 France Uranium Mining Market
9.2.5.2.1 France Uranium Mining Market by Mining Technique
9.2.5.2.2 France Uranium Mining Market by Application
9.2.5.3 Italy Uranium Mining Market
9.2.5.3.1 Italy Uranium Mining Market by Mining Technique
9.2.5.3.2 Italy Uranium Mining Market by Application
9.2.5.4 United Kingdom Uranium Mining Market
9.2.5.4.1 United Kingdom Uranium Mining Market by Mining Technique
9.2.5.4.2 United Kingdom Uranium Mining Market by Application
9.2.5.5 Russia Uranium Mining Market
9.2.5.5.1 Russia Uranium Mining Market by Mining Technique
9.2.5.5.2 Russia Uranium Mining Market by Application
9.2.5.6 Rest of Europe Uranium Mining Market
9.2.5.6.1 Rest of Europe Uranium Mining Market by Mining Technique
9.2.5.6.2 Rest of Europe Uranium Mining Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Uranium Mining Market Overview
9.3.2 Asia-Pacific Uranium Mining Market Forecasts and Analysis
9.3.3 Asia-Pacific Uranium Mining Market Forecasts and Analysis - By Mining Technique
9.3.4 Asia-Pacific Uranium Mining Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Uranium Mining Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Uranium Mining Market
9.3.5.1.1 Australia Uranium Mining Market by Mining Technique
9.3.5.1.2 Australia Uranium Mining Market by Application
9.3.5.2 China Uranium Mining Market
9.3.5.2.1 China Uranium Mining Market by Mining Technique
9.3.5.2.2 China Uranium Mining Market by Application
9.3.5.3 India Uranium Mining Market
9.3.5.3.1 India Uranium Mining Market by Mining Technique
9.3.5.3.2 India Uranium Mining Market by Application
9.3.5.4 Japan Uranium Mining Market
9.3.5.4.1 Japan Uranium Mining Market by Mining Technique
9.3.5.4.2 Japan Uranium Mining Market by Application
9.3.5.5 South Korea Uranium Mining Market
9.3.5.5.1 South Korea Uranium Mining Market by Mining Technique
9.3.5.5.2 South Korea Uranium Mining Market by Application
9.3.5.6 Rest of Asia-Pacific Uranium Mining Market
9.3.5.6.1 Rest of Asia-Pacific Uranium Mining Market by Mining Technique
9.3.5.6.2 Rest of Asia-Pacific Uranium Mining Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Uranium Mining Market Overview
9.4.2 Middle East and Africa Uranium Mining Market Forecasts and Analysis
9.4.3 Middle East and Africa Uranium Mining Market Forecasts and Analysis - By Mining Technique
9.4.4 Middle East and Africa Uranium Mining Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Uranium Mining Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Uranium Mining Market
9.4.5.1.1 South Africa Uranium Mining Market by Mining Technique
9.4.5.1.2 South Africa Uranium Mining Market by Application
9.4.5.2 Saudi Arabia Uranium Mining Market
9.4.5.2.1 Saudi Arabia Uranium Mining Market by Mining Technique
9.4.5.2.2 Saudi Arabia Uranium Mining Market by Application
9.4.5.3 U.A.E Uranium Mining Market
9.4.5.3.1 U.A.E Uranium Mining Market by Mining Technique
9.4.5.3.2 U.A.E Uranium Mining Market by Application
9.4.5.4 Rest of Middle East and Africa Uranium Mining Market
9.4.5.4.1 Rest of Middle East and Africa Uranium Mining Market by Mining Technique
9.4.5.4.2 Rest of Middle East and Africa Uranium Mining Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Uranium Mining Market Overview
9.5.2 South and Central America Uranium Mining Market Forecasts and Analysis
9.5.3 South and Central America Uranium Mining Market Forecasts and Analysis - By Mining Technique
9.5.4 South and Central America Uranium Mining Market Forecasts and Analysis - By Application
9.5.5 South and Central America Uranium Mining Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Uranium Mining Market
9.5.5.1.1 Brazil Uranium Mining Market by Mining Technique
9.5.5.1.2 Brazil Uranium Mining Market by Application
9.5.5.2 Argentina Uranium Mining Market
9.5.5.2.1 Argentina Uranium Mining Market by Mining Technique
9.5.5.2.2 Argentina Uranium Mining Market by Application
9.5.5.3 Rest of South and Central America Uranium Mining Market
9.5.5.3.1 Rest of South and Central America Uranium Mining Market by Mining Technique
9.5.5.3.2 Rest of South and Central America Uranium Mining Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. URANIUM MINING MARKET, KEY COMPANY PROFILES
11.1. KAZATOMPROM
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CAMECO CORP.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ORANO GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. URANIUM ONE INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ARMZ URANIUM HOLDING CO.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CHINA NATIONAL NUCLEAR CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CGN MINING
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BHP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. GENERAL ATOMICS.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. NAVOI MINING AND METALLURGY COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Kazatomprom
2.Cameco Corp.
3.Orano Group
4.Uranium One Inc.
5.ARMZ Uranium Holding Co.
6.China National Nuclear Corporation
7.CGN Mining
8.BHP
9.General Atomics.
10.Navoi Mining and Metallurgy Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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