Nuclear Fuel Processing in the UK - Industry Market Research Report

Nuclear fuelling up: Industry revenue is forecast to increase in 2021-22, following a decline in the year prior

The nuclear fuel processing industry's revenue is expected to contract at a compound annual rate of 15.2% over the five years through 2023-24. The main reason for the fall in revenue is that Sellafield Ltd, one of three companies in the industry, exited the nuclear fuel processing industry in 2022 when it shut down its Magnox Reprocessing plant. Demand for nuclear energy in the UK has been supported by growing environmental concerns in the UK over the past decade. Soaring energy prices in 2022-23 supported nuclear energy and increased downstream demand for nuclear energy and fuel. Firms in this industry produce nuclear fuel from enriched or unenriched uranium. They also reprocess depleted nuclear fuel for use in electricity generating plants. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.