Liquid deuterium, as a high value-added chemical, originated as a derivative product of the nuclear physics heavy water refining industry. Since the introduction of the atomic bomb in the 1940s, the heavy water refining industry has developed rapidly and gradually shifted from military and defense applications to high-tech research and development applications. Among them, deuterated compounds, as an important class of high value-added chemicals, have shown broad application prospects in the field of nuclear magnetic resonance, drug metabolism research, organic reaction mechanism revelation, and material performance improvement.
According to our research data, the total global market size for liquid deuterium is expected to reach $209.33 million in 2023. With the continuous progress of technology and the popularization of nuclear magnetic resonance technology, as well as the increasing demand for new drug research and development, it is expected that the demand for liquid deuterium will continue to grow and the market size will continue to expand. It is expected that the global liquid deuterium market size will increase to $230.27 million by 2025.
Global Liquid Deuterium Market Size Forecast and Market Segmentation Analysis
Source: www.globalmarketmonitor.com
Research shows that North America is the largest revenue market for the global liquid deuterium industry, with an estimated market revenue of $86.75 million in 2023 and an estimated market share of 41.63%; The European market is expected to rank second with a share of 33.01%, and the revenue scale of the liquid deuterium market is estimated to reach $69.07 million in 2023.
From the perspective of the Chinese market, the market size of liquid deuterium in China is expected to reach $30.56 million in 2023, with an estimated global market share of 14.83%. In the future, with the gradual improvement of the deuterium industry chain and the rise of independent deuterium drug companies, China's liquid deuterium market will usher in a broader development space.
Global Liquid Deuterium Market Size and Share Forecast by Region/Country in
2023
|
Regions/Countries
|
Market Size (Million USD)
|
Market Share
|
|
North America
|
86.75
|
41.63%
|
|
Europe
|
69.07
|
33.01%
|
|
China
|
30.56
|
14.83%
|
|
Japan
|
9.86
|
4.778%
|
|
India
|
7.33
|
3.35%
|
|
Middle East & Africa
|
6.03
|
2.87%
|
|
South America
|
9.52
|
4.78%
|
Source: www.globalmarketmonitor.com
Chinese