Global Industrial Radioactive Sources Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Industrial Radioactive Sources market size was valued at US$ 334 million in 2024 and is forecast to a readjusted size of USD 552 million by 2031 with a CAGR of 5.0% during review period.

A radioactive isotope, also known as a radioisotope, is an isotope of an element that has an unstable nucleus and emits radiation as it decays to a stable form.

Industrial Radioactive Isotope refers to a radioactive element used in various industrial applications due to its radioactive properties. These isotopes are commonly utilized in non-destructive testing, radiography, and tracing applications to inspect and ensure the integrity of structures, machinery, and processes. They emit radiation that can penetrate materials and be detected by specialized instruments, allowing for the examination of welds, pipelines, and other critical components without damaging them. Industrial radioactive isotopes are also used in applications such as gauging thickness, density measurements, and flow tracking.

The production of Industrial Radioactive Isotope is concentrated among a few major players, including Rosatom, Nordion, China National Nuclear Corporation, and Eckert & Ziegler Strahlen. These companies dominate the market, holding 85.38% of the global share in 2023. The market is highly concentrated, which makes the supply chain vulnerable to international disruptions such as trade conflicts and geopolitical tensions, including the U.S.-China trade friction and the Russia-Ukraine conflict.

The applications of Industrial Radioactive Isotope are primarily categorized into Irradiation Processing and Nondestructive Testing (NDT). In 2023, the Irradiation Processing application segment generated $ 333.98 million in revenue, with expectations to reach $ 473.54 million by 2030, reflecting a CAGR of 5.13% from 2024 to 2030.

The Industrial Radioactive Isotope market is predominantly driven by the Asia-Pacific region, which holds a significant share of 51.82% in 2023. Europe follows with a market share of around 24.46% for the same year.

Despite the steady growth in demand for Industrial Radioactive Isotope, stringent safety regulations in developed countries are driving efforts to develop new products and technologies that minimize the use of radioactive sources, particularly Cesium-137, Iridium-192, and Cobalt-60. However, many developing countries continue to use Cobalt-60 due to the high capital costs associated with transitioning to alternative non-radioactive technologies. As technological advancements continue and nuclear technology becomes more widespread, the number and applications of Industrial Radioactive Isotope are expected to expand.

This report is a detailed and comprehensive analysis for global Industrial Radioactive Sources market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Industrial Radioactive Sources market size and forecasts, in consumption value ($ Million), sales quantity (kg), and average selling prices (US$/g), 2020-2031

Global Industrial Radioactive Sources market size and forecasts by region and country, in consumption value ($ Million), sales quantity (kg), and average selling prices (US$/g), 2020-2031

Global Industrial Radioactive Sources market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (kg), and average selling prices (US$/g), 2020-2031

Global Industrial Radioactive Sources market shares of main players, shipments in revenue ($ Million), sales quantity (kg), and ASP (US$/g), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Industrial Radioactive Sources

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Industrial Radioactive Sources market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Nordion, Rosatom, China lsotope & Radiation Corporation, Eckert & Ziegler Strahlen, Polatom, Board of Radiation and Isotope Technology (BRIT), DIOXITEK, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Industrial Radioactive Sources market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Co-60
Ir-192
Cs-137
Se-75
Others

Market segment by Application
Irradiate
Flaw Detection
Others

Major players covered
Nordion
Rosatom
China lsotope & Radiation Corporation
Eckert & Ziegler Strahlen
Polatom
Board of Radiation and Isotope Technology (BRIT)
DIOXITEK

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Industrial Radioactive Sources product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Industrial Radioactive Sources, with price, sales quantity, revenue, and global market share of Industrial Radioactive Sources from 2020 to 2025.

Chapter 3, the Industrial Radioactive Sources competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Industrial Radioactive Sources breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Industrial Radioactive Sources market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Industrial Radioactive Sources.

Chapter 14 and 15, to describe Industrial Radioactive Sources sales channel, distributors, customers, research findings and conclusion.