THORIUM REACTOR MARKET Size and trends

Thorium Reactor Market Size and Trends

The global thorium reactor market is estimated to be valued at USD 4.56 Bn in 2025 and is expected to reach USD 8.97 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 10.1% from 2025 to 2032.

Key Takeaways of the Thorium Reactor Market:

• The Liquid Fluoride Thorium Reactor (LFTR) segment is projected to account for 35.4% of the market share in 2025.
• The electricity generation segment is estimated to represent 34.5% of the market share in 2025.
• North America is projected to lead the global market with a 32.5% share in 2025, followed by the Asia Pacific region, which is estimated to hold a 22.5% share in 2025.

Market Overview:

Thorium contains more nuclear fuel than uranium and can be used to replace uranium in nuclear fission. Factors such as increasing concerns around environmental pollution caused by fossil fuels as well as growing energy demand around the world are estimated to drive the adoption of cleaner and eco-friendly thorium reactors. Additionally, thorium is more abundant and proliferation-resistant as compared to uranium which makes it an attractive alternative for commercial nuclear energy. Advocates argue that adopting thorium technology could improve safety, reduce proliferation risks, and lower costs relative to uranium.