Deuterium Market Report Overview
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global deuterium market size was USD 423 million in 2022 and market is projected to touch USD 845.51 million by 2031 at CAGR 8.0%.
One proton and one neutron are found in the nucleus of a deuterium atom, an isotope of hydrogen. The letters D or H-D stand for a deuterium ion. The process industries of hydrocracking, chemical manufacturing (catalytic refining), polymer production, water desalination plants, and electrically heated glass industry furnaces, which can process molten metal into pure iron alloys at temperatures as high as 1100 degrees Celsius, all use deuterium gas as a fuel for nuclear fusion. By splitting uranium atoms, global deuterium is used in nuclear applications to generate electrical power. An epithelium atom has an intermediate reaction with a deuterium atom, which separates it into helium nuclei particles that are too heavy for further reactions and escape via the reactor's exhaust gas while generating heat energy.
Due to a rise in nuclear power plant building activities throughout the world during the course of the projection period, there has been a growth in demand for specialty gas grade deuterium. This growth is influenced by a number of factors, including an increase in the demand for nuclear energy, particularly from developing nations like Russia and China; a focus on carbon reduction, particularly as a result of partnerships between oil companies and automakers aiming to produce zero-emission vehicles by 2030; greater investment opportunities due to low interest rates; and others. Due to the rigorous CO emission laws that the European Union (EU) has put in place, customers are now more environmentally conscious and eager to purchase electric cars that are fuelled by alternative fuels, such as hydrogen.
COVID-19 Impact: COVID -19 Pandemic Posed Lockdown Had a Detrimental Effect On the Market
The COVID-19 pandemic had a detrimental effect on the market as a result of the strict government responses, such as lockdowns to stop the spread of infection. Due to fewer patient visits to clinics and hospitals for treatment during the pandemic and concerns about COVID infection, the prescription rate for deuterium-substituted medications used to treat Alzheimer's disease fell, which hindered market expansion. The majority of the nations in the area experienced the COVID-19 epidemic in 2020, which had a major effect on the local economy.
Latest Trends
"Increasing The Amount Spent On Research and Development Leading Market Expansion"
The increase in expenditure on R&D activities is credited with driving the market's expansion. Government agencies and significant market participants both contribute to product creation. Future research can be safely conducted using stable isotope tracers on the same topic. Since just a tiny amount of plasma is needed from one sample to examine the isotope enhancement, even premature neonates can be analyzed. For the compound's metabolic destiny and biological side effects, extensive research is being done. Therefore, leading market companies and the government would have more prospects for market growth if they increase their spending in research and development operations.
Deuterium Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into 5N Purity Deuterium Gas, 4N Purity Deuterium Gas, Others. 5N purity deuterium gas is anticipated to be the leading segment.
- By Application Analysis
Based on application, the market can be divided into semiconductor, panel industry, industrial application, nuclear, others. semiconductor will be the dominating segment.
Driving Factors
"Rising Application in Nuclear Energy Fuel the Market Growth"
The deuterium market has a variety of growth factors. Demand for alternative fuels is rising, and the utilization of renewable energy is changing. Creation of novel gas processing techniques that enable increased extraction of natural gas from shale seams. Due to its high hydrogen concentration, hydrogen is gaining popularity as a fuel for transportation vehicles like electric automobiles. Deuterium oxide (D0) demand is rising in emerging areas like China. Due to its application in nuclear energy generation and hydrogen fuel cells, which are gaining popularity as a battery substitute, demand for D0 is anticipated to increase considerably over the course of the forecast period. Researchers who study with high purity gases or heavy water are increasingly needed: A fresh generation of funding has entered this sector due to the growing interest among scientists in neutron scattering on materials containing just pure deuterium gas, opening up many more options for research fellowships and grants.
"Increasingly Used in Biomedical Research leading market expansion "
Over the past several years, stable isotope-labeled compounds have been widely used by researchers in a variety of medicinal fields. Toxicologists and researchers studying drug metabolism have successfully employed compounds labelled with stable isotopes, such as carbon-13 and deuterium, to get a better knowledge of how medications are metabolized and their possible roles in toxicities to target organs. Therefore, it is anticipated that the market would rise during the projected period due to the increasing use of stable isotope-labeled compounds in biomedical research.
Restraining Factors
"Deuterium-Substituted Drug's Adverse Reactions Hamper Market Growth"
Deuterium-substituted medications used to treat Alzheimer's have been discontinued in recent years. The prevalence of cessation is increasing as a result of the lack of improvement in cognitive function, the extremely poor efficacy in treating Alzheimer's disease symptoms, and the absence of a reliable safety profile for the deuterium-substituted pharmaceuticals used in therapy. This factor adds to the high rates of discontinuation of existing treatments due to side effects, limiting the market for deuterium-substituted pharmaceuticals from growing as expected.
Deuterium Market Regional Insights
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"North America Will Dominate the Leading Region During the Forecast Period"
North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa make up the market segments. Due to rising investments and the growth of several companies in the North American area, there is a significant demand for deuterium products in nuclear applications. The demand for deuterium is expected to increase most quickly in the Latin American area, then in Europe, then in Asia-Pacific. The necessity for greater energy security has led to an expansion in nuclear power production facilities throughout these regions, which can be ascribed to this growth. During the projected period, the deuterium market in the European area is anticipated to develop at a modest rate.
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Linde Gas (Ireland)
- Cambridge Isotope Laboratories (U.S.)
- Sigma-Aldrich (U.S.)
- Matheson Tri-Gas (U.S.)
- CSIC (India)
- Center of Molecular Research (Moscow)
- Shenzhen Kylin Technology (China)
- Sumitomo Seika Chemical (Japan)
- Isowater Corporation (U.S.)
- Heavy Water Board (HWB) (India)
- Guangdong Huate Gas (China)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 423 Million in 2022 |
Market Size Value By |
US$ 845.51 Million by 2031 |
Growth Rate |
CAGR of 8% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the deuterium market expected to touch by 2031?
The global deuterium market size is expected to reach USD 845.51 million by 2031.
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What CAGR is the deuterium market expected to exhibit by 2031?
The deuterium market is expected to exhibit a CAGR of 8.0% by 2031.
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What are the key players in the deuterium market?
Linde Gas, Cambridge Isotope Laboratories, Sigma-Aldrich, Matheson Tri-Gas, CSIC, Center of Molecular Research, Shenzhen Kylin Technology, Sumitomo Seika Chemical, Isowater Corporation, Heavy Water Board (HWB), Guangdong Huate Gas are the key players in the deuterium market.
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What are the key factors driving the deuterium market?
Due to its application in nuclear energy generation and hydrogen fuel cells, which are gaining popularity as a battery substitute, demand for D0 is anticipated to increase considerably over the course of the forecast period.
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What is the leading region in the deuterium market?
North America is the leading region in the deuterium market.