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Ionic Exchange-based Liquid Nuclear Waste Treatment Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as growing nuclear power construction projects worldwide during the forecast period. Liquid nuclear waste is generated through nuclear reactors, which need intensive treatment before disposing it into the environment. Liquid nuclear waste is usually a by-product of nuclear power generation and other applications of nuclear technology, such as research and medicine. Liquid nuclear waste is hazardous to most forms of life and the environment and is regulated by government agencies to protect human health and the environment.
Liquid nuclear waste is mostly used at nuclear plants for producing cheap and sustainable energy. It can be divided into three categories, namely, high level liquid nuclear waste, low level liquid nuclear waste, and intermediate-level liquid nuclear waste. The high level liquid nuclear waste has most astounding radioactivity and these are stored separately in water ponds for characteristic reduction of their radioactivity. After the decrease in the radioactivity level, the high level radioactive liquid waste is treated through ionic exchange-based liquid nuclear waste treatment techniques. Ionic resins are utilized in exchangers, which play a vital role in filtering out radioactive nucleoids from the wastewater stream. Most ionic resins are recyclable and can be used over an extensive period of time for the treatment of liquid nuclear waste.
The global ionic exchange-based liquid nuclear waste treatment market is growing with the growth in nuclear plants, which require large volumes of liquid nuclear waste treatment. Moreover, the long half-life of nuclear fission products that keep them radioactive for several thousand years, storage of nuclear waste, and impact of nuclear waste on plant and animal life are driving the global ionic exchange-based liquid nuclear waste treatment market. In addition, the need to complement fossil fuels with other fuels for energy generation is driving the ionic exchange-based liquid nuclear waste treatment market.
Key Factors Impacting Market Growth:
Regional Outlook:
The regional outlook for ionic exchange-based liquid nuclear waste treatment market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for ionic exchange-based liquid nuclear waste treatment market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of ionic exchange-based liquid nuclear waste treatment market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on.
Asia Pacific is estimated one of the fastest growing regions for ionic exchange-based liquid nuclear waste treatment market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.
Companies Covered: Areva SA, Bechtel Corporation, Augean plc, SRCL Limited, Fluor Corporation, Chase Environmental Group, Graver Technologies, AVAN Tech, Waste Control Specialists, EKSORB, and Svensk Kärnbränslehantering AB
Market Segmentation:
By Ionic Exchange Process:
By Liquid Waste Type:
By Liquid Waste Source:
By Region:
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