What Does The Industry Outlook Reveal About Revenue And CAGR Projections For The Uranium Ore Market Through 2030?
How Is The Uranium Ore Market Size Forecasted To Progress From 2026 To 2030? The uranium ore market size has grown steadily in recent years. It will grow from $0.74 billion in 2025 to $0.78 billion in 2026 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to expansion of nuclear power generation capacity, development of surface and underground uranium mines, rising demand for nuclear fuel, availability of sandstone and granite-type deposits, establishment of on-site processing facilities. The uranium ore market size is expected to see strong growth in the next few years. It will grow to $0.97 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increasing investments in nuclear energy programs, rising focus on low-carbon power generation, expansion of uranium exploration activities, growing demand for long-term fuel supply contracts, increasing ...