Global Thorium Alloy Market 2023-2030

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    Magnesium alloys with thorium are frequently referred to as “Mag-Thor.” These alloys typically have the following three compositions: zirconium, thorium, and magnesium. magnesium-thorium-zinc-zirconium.


    Thorium is a naturally occurring radioactive substance that is frequently used in MOD for optical lenses, aircraft parts made of magnesium alloy, and various substances used in laboratories. Gas mantles, thoriated welding rods and Milan weapon system night flares are among the obsolete thoriated goods.


    Magnesium was widely utilised in first-world war armaments, including incendiary flares and tracer rounds, where its flammability and powerful light-emitting qualities were advantageous. Due to its widespread employment in military aircraft during World War II, the metal’s low density was utilised. 




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    The Global Thorium 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.



    On this planet, thorium is almost as common in the crust as lead. In addition to making up around 6% of the lanthanide ore monazite, which is now the source of the majority of the world’s thorium supply, the element also exists as thorite, ThSiO4, and thorianite, ThO2.


    About 5000 tonnes of thorium are produced globally each year, and there are more than three million tonnes of recognised deposits. Brazil, India, Norway, Turkey, and the US are nations having significant thorium reserves.


    Thorium oxide and calcium can be heated, and thorium tetrafluoride and magnesium can be reacted to produce thorium metal. A protective layer of thermally stable thorium oxide forms on the silvery-white metal as a result of a quick reaction between it and air’s oxygen.


    Thorium crucibles are employed in high temperature research because thorium oxide has the highest melting point of all known oxides, 3000°C. Thorium is a soft and ductile metal, although its alloys can be robust and able to tolerate high temperatures.


    These characteristics, among others, lead to the employment of a magnesium-thorium alloy in aviation engines. When the gas mantle was developed, neither thorium metal nor its compounds had a lot of use. Produced in the hundreds of millions, they were made of thorium oxide (with 1% cerium oxide) and when heated, they gave forth a dazzling white light.  


    The world’s thorium likely contains more energy than all of the known fossil fuel sources combined. When thorium-232 is attacked with neutrons, it first converts into the shorter-lived thorium-233 before decaying into uranium-233. Similar to uranium-235, this then undergoes fission, releasing energy as well as enough neutrons to keep the reaction going. 



    • Materion
    • Oak
    • AZoM
    • Thomasnet
    • MSE



    1. How many Thorium Alloys are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Thorium Alloy and key vendor selection criteria
    3. Where is the Thorium Alloy manufactured? What is the average margin per unit?
    4. Market share of Global Thorium Alloy market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Thorium Alloy in-house
    6. key predictions for next 5 years in Global Thorium Alloy market
    7. Average B-2-B Thorium Alloy market price in all segments
    8. Latest trends in Thorium Alloy market, by every market segment
    9. The market size (both volume and value) of the Thorium Alloy market in 2023-2030 and every year in between?
    10. Production breakup of Thorium Alloy market, by suppliers and their OEM relationship


    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
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