Dublin, Jan. 19, 2026 (GLOBE NEWSWIRE) — The “Nuclear Materials Market Report 2026” has been added to ResearchAndMarkets.com’s offering.
The nuclear materials market has experienced a robust expansion, projected to increase from $60.58 billion in 2025 to $64.43 billion in 2026, with a compound annual growth rate (CAGR) of 6.4%. This growth is driven by heightened demand for radiation shielding in medical imaging and nuclear facilities, the expanded use of industrial radiography sources for non-destructive testing across energy and manufacturing sectors, and advancements in nuclear power generation necessitating a stable supply of fissile materials. Additionally, innovations in handling and containment technologies and the growing application of radioisotope power systems in spacecraft and deep-space missions have contributed to market growth.
The market is expected to expand to $81.48 billion by 2030 at a CAGR of 6%. Factors such as increased investments in next-generation nuclear reactors, rising adoption of compact spacecraft power systems for commercial and scientific missions, stricter regulations on nuclear material transport and storage, expansion of nuclear medicine, and ongoing innovation in radiography and shielding technologies are fueling growth. Key trends include a high demand for high-assay low-enriched uranium (HALEU), a rise in medical isotope production, and an emphasis on nuclear waste management and recycling.
Space exploration plays a significant role in market expansion, with investments boosting the identification and extraction of nuclear materials for energy and propulsion systems. The World Economic Forum reports the space economy is expected to reach $1.8 trillion by 2035, driven by technological advancements. According to the Space Foundation, the global space economy grew by 7.4% to $570 billion in 2023. Such investments promote market growth by supporting space-related nuclear material exploration.
Leading companies in the sector are focusing on innovative solutions like radioactive isotopes to enhance medical treatments and industrial applications. For instance, Isotope Technologies Munich SE obtained approval to produce the medical radioisotope lutetium-177, advancing radioactive operations. Similarly, QSA Global Inc. and Niowave Inc. partnered to enhance the production of actinium-225 for cancer therapy.
Prominent players in the nuclear materials market include GE Vernova LLC, Mitsubishi Heavy Industries Ltd., Boss Energy Ltd., and several others. North America was the largest region in 2025, while Asia-Pacific is expected to grow rapidly in the forecast period. However, trade relations and tariffs are influencing the market dynamics, affecting procurement and production costs but encouraging local production and advanced nuclear fuel development.
The nuclear materials market report offers critical insights, including market size, regional shares, competitor analysis, and market trends. It is a crucial tool for businesses aiming to succeed in the nuclear materials industry, providing a comprehensive analysis of current and future market scenarios across various sectors and regions.
Report Scope:
Markets Covered:
- By Material Type: Special Nuclear Material; Source Material; Product Material; Radium
- By Application: Power Generation; Medical Isotope Production; Naval Propulsion
- By End-User: Medicine; Agriculture; Energy and Power; Consumer Product; Veterinary; Marines; Aerospace; Defense; Industry; Other End Users
Subsegments:
- By Special Nuclear Material: Uranium-235; Uranium-233; Plutonium-239
- By Source Material: Natural Uranium; Depleted Uranium; Thorium
- By Product Material: Nuclear Fuel; Nuclear Waste; Radioisotopes
- By Radium: Radium-226; Radium-228
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2026 – 2030 |
| Estimated Market Value (USD) in 2026 | $64.43 Billion |
| Forecasted Market Value (USD) by 2030 | $81.48 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
Companies Featured
- GE Vernova LLC
- Mitsubishi Heavy Industries Ltd.
- Boss Energy Ltd
- Peninsula Energy Ltd
- Energy Fuels Inc.
- Orano SA
- Westinghouse Electric Company
- BWX Technologies Inc.
- National Atomic Company Kazatomprom
- Cameco Corporation
- Global Atomic Corporation
- Centrus Energy Corp
- Uranium Energy Corp
- NexGen Energy Ltd.
- Denison Mines Corp.
- Rosatom
- AREVA NP
- Berkeley Energia Limited
- enCore Energy Corp
- Laramide Resources Ltd
- Paladin Energy Limited.
For more information about this report visit https://www.researchandmarkets.com/r/o3uv2w
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
