Weak reaction: The closure of reprocessing facilities is set to reduce industry capacity

Industry operators produce nuclear fuel for use in power stations by processing new material or reprocessing spent fuel. Due to the considerable health, safety and environmental concerns associated with the industry, operators are highly regulated by both the Euratom Supply Agency and the UK government. The industry is dominated by just three firms, and revenue is expected to contract at a compound annual rate of 0.1% over the five years through 2019-20 to £1.3 billion, primarily as a result of the planned cessation of reprocessing activities at Sellafield. However, in the current year revenue is expected to grow by 0.3%.The Nuclear Fuel Processing industry principally handles fuel rod fabrication. Fuel rods are used to power nuclear reactors for electricity production...read more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25

Industry Threats & Opportunities

  • The closure of the UK’s reprocessing facilities is expected to cause industry revenue to fall
  • Reduced confidence in the safety of nuclear power dented revenue prior to the start of the period
  • When Hinkley Point C is completed and comes online, domestic demand is expected to rise
  • Industry Report - Starting a New Business Chapter

    Barriers to entry into this industry are extremely high and consist mainly of regulation that aims to protect the community and the environment from radiation. Firms must comply with both UK and international regulations relating to nuclear material.Under the Nuclear Installations Act 1965 (NIA), a site cannot have a nuclear plant on it, including fuel processing facilities, unless the user has been granted a site licence by the Health and Safety Executive (HSE). Under the NIA, licences are only granted to corporations and licensing is handled by the Office for Nuclear Regulation (ONR) on behalf of HSE. The licences set out the general safety requirements for dealing with risks on a nuclear site. Com...purchase to read more.

    Additional Insights for the Nuclear Fuel Processing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Nuclear Fuel Processing Industry are

  • Ability to accommodate environmental requirements
  • Ability to negotiate successfully with regulator
  • Must have licence
  • IBISWorld analysts also discuss how external factors such as Demand from electricity production and World price of uranium in the Nuclear Fuel Processing industry impact industry performance..

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    What's in this report

    What is the Nuclear Fuel Processing Industry?

    Firms in this industry produce nuclear fuel for use in electricity generating plants.

    Industry Products
  • Nuclear fuel fabrication
  • Spent fuel reprocessing
  • Industry Activities
  • Production, smelting and refining of uranium
  • Producing nuclear fuel from enriched or unenriched uranium
  • Reprocessing depleted nuclear fuel
  • Enrichment of uranium
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from electricity production
  • World price of uranium
  • EUA prices
  • World price of steel

  • Current Performance
  • Losing power
  • Fukushima disaster
  • Decaying prices
  • Regulatory environment
  • Chart: Revenue Growth

  • Industry Outlook
  • Slow burner
  • Core meltdown
  • Input prices
  • Table: Nuclear Fuel Processing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Nuclear Fuel Processing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Electricity Production

  • Key Selling Industries
  • Consultant Engineering Services
  • Electricity Production
  • Inorganic Basic Chemical Manufacturing

  • Products & Services
  • Nuclear fuel fabrication
  • Spent fuel reprocessing
  • Other
  • Chart: Nuclear Fuel Processing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Electricity generation
  • Other
  • Chart: Major Market Segmentation for the Nuclear Fuel Processing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Nuclear Fuel Processing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Nuclear Fuel Processing Industry

  • Industry Globalization
    Sellafield Ltd, Urenco Limited, Springfields Fuels Limited,
  • Table: Sellafield Ltd - financial performance
  • Table: Urenco Limited - financial performance
  • Table: Springfields Fuels Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Nuclear Fuel Processing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Nuclear Fuel Processing Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A process that increases the content of isotope U-235, the cornerstone of nuclear fuel production.
  • Nuclear Fuel Rod
  • A long tube, often made of a zirconium alloy and containing uranium oxide pellets, that is stacked in bundles of about 200 to provide the fuel in certain types of nuclear reactor.
  • Yellowcake
  • Uranium oxide, which is the basic input to nuclear fuel processing.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Nuclear Fuel Processing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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    This report on Nuclear Fuel Processing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Nuclear Fuel Processing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Nuclear Fuel Processing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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