There are several factors driving the global ionic based liquid nuclear waste treatment market. International agencies such as International Atomic Energy Association, Department of Energy (DoE) USA, and World Nuclear Organization have laid stringent rules for the treatment and storage of radioactive waste. This is because there are a number of hazards that surround nuclear waste storage and disposal. The key among them is the long half-life of nuclear fission products that keep them radioactive for several thousand years, storage of nuclear waste, and effect of nuclear waste on plant and animal life.
Another key factor driving the growth of the is the need to complement fossil fuels with other fuels for energy generation. Energy generation from nuclear plants is free of greenhouse gas emissions and high thermal efficiency. Nuclear plants also produce cheap and sustainable energy which is also a key reason for their growing numbers across the globe.
However, the growth of the global IE based liquid nuclear waste treatment market is impeded due to several factors. This includes the high capital requirement of the construction of nuclear power plants and waste treatment facilities, high risk of accidents during natural disaster, and rising popularity of solar and wind power to complement fossil fuels for energy generation.
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