Global Industrial Radioactive Sources Market Growth 2025-2031

Global Industrial Radioactive Sources Market Growth 2025-2031

The global Industrial Radioactive Sources market size is predicted to grow from US$ 391 million in 2025 to US$ 534 million in 2031; it is expected to grow at a CAGR of 5.3% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Industrial Radioactive Sources Industry Forecast” looks at past sales and reviews total world Industrial Radioactive Sources sales in 2024, providing a comprehensive analysis by region and market sector of projected Industrial Radioactive Sources sales for 2025 through 2031. With Industrial Radioactive Sources sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Radioactive Sources industry.

This Insight Report provides a comprehensive analysis of the global Industrial Radioactive Sources landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Radioactive Sources portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Radioactive Sources market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Radioactive Sources and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Radioactive Sources.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Radioactive Sources market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Co-60
Ir-192
Cs-137
Se-75
Others

Segmentation by Application:
Irradiate
Flaw Detection
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Nordion
Rosatom
China lsotope & Radiation Corporation
Eckert & Ziegler Strahlen
Polatom
Board of Radiation and Isotope Technology (BRIT)
DIOXITEK

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Radioactive Sources market?

What factors are driving Industrial Radioactive Sources market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Industrial Radioactive Sources market opportunities vary by end market size?

How does Industrial Radioactive Sources break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.