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 2028" 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 2018 to 2028 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.