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Nuclear Grade Zirconium Alloy are solid solutions of zirconium or other metals, a common subgroup having the trade mark Zircaloy. Nuclear Grade Zirconium Alloy has very low absorption cross-section of thermal neutrons, high hardness, ductility and corrosion resistance.
One of the main uses of zirconium alloys is in nuclear technology, as cladding of fuel rods in nuclear reactors, especially water reactors. A typical composition of nuclear-grade zirconium alloys is more than 95 weight percent zirconium and less than 2% of tin, niobium, iron, chromium, nickel and other metals, which are added to improve mechanical properties and corrosion resistance.
The water cooling of reactor zirconium alloys elevates requirement for their resistance to oxidation-related nodular corrosion. Furthermore, oxidative reaction of zirconium with water releases hydrogen gas, which partly diffuses into the alloy.
The hydrides are less dense and are weaker mechanically than the alloy; their formation results in blistering and cracking of the cladding – a phenomenon known as hydrogen embrittlement.
The Global Nuclear Grade Zirconium Alloy Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Nuclear-grade zirconium alloys and products are used in the fabrication of fuel assemblies used in the vast majority of current and future nuclear reactor designs around the world. Despite the diminished growth outlook for global nuclear power over the past decade, many aspects of the international nuclear fuel supply chain continue to be of great interest.
The supply of nuclear-grade zirconium – from zircon mineral sand through the cladding and components used in finished fuel assemblies – has also not escaped this scrutiny.
The market for nuclear grade zirconium alloy is anticipated to benefit from technological trends brought on by rising R&D expenditures and a growing emphasis on innovation among market participants, which will lead to ground-breaking discoveries. Significant potential during the projection period will spur the entry of new competitors and increase competition in the market.
As top corporations concentrate on retaining their leadership position and new players attempt to establish a market presence, consumer expectations will continue to change, which will be matched by the introduction of new products with new features or lower price points.
