The Global Neutron Capture Market was valued at USD 89 million in 2023 and is projected to reach USD 191.71 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 8.90% during the forecast period (2023-2032). This growth is fueled by increasing nuclear power generation, rising demand for radiation shielding materials, and advancements in nuclear medicine applications.

As nuclear technology evolves to meet global energy and medical needs, neutron capture materials play a critical role in reactor safety, radiation protection, and medical isotope production. This blog profiles the Top 10 Companies in the Neutron Capture Market – a mix of material science innovators, nuclear specialists, and industrial manufacturers shaping this specialized field.

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🔟 1. 3M Company

Headquarters: Maplewood, Minnesota, USA
Key Offering: Boron-based neutron absorbers, radiation shielding materials

3M is a global leader in advanced materials for nuclear applications, offering boron-infused products for neutron absorption in nuclear reactors and spent fuel storage. Their materials combine high neutron capture efficiency with superior structural properties.

Innovation Highlights:

• Proprietary boron-loaded polymer composites
• Radiation-resistant material solutions
• Custom shielding designs for nuclear facilities

Download FREE Sample Report:
Neutron Capture Market – View in Detailed Research Report

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9️⃣ 2. Holtec International

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8️⃣ 3. Nikkeikin Aluminium Core Technology Company

Headquarters: Tokyo, Japan
Key Offering: Boron-aluminum alloy neutron absorbers

This Japanese manufacturer produces high-performance boron-aluminum alloys specifically designed for nuclear applications. Their materials combine the neutron-capture properties of boron with aluminum’s structural advantages.

Innovation Highlights:

• Precision alloy formulations
• Custom geometries for reactor components
• High-temperature stability solutions

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7️⃣ 4. Nippon Yakin Kogyo

Headquarters: Tokyo, Japan
Key Offering: Boron-stainless steel alloys

Nippon Yakin Kogyo specializes in stainless steel alloys with neutron-absorbing properties, serving nuclear power plants and research facilities worldwide. Their materials offer corrosion resistance combined with effective neutron absorption.

Innovation Highlights:

• High-boron stainless steel formulations
• Reactor component manufacturing
• Radiation-resistant alloy development

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6️⃣ 5. MillenniTEK

Headquarters: Knoxville, Tennessee, USA
Key Offering: Advanced neutron absorbing composites

MillenniTEK develops next-generation neutron absorbing materials utilizing cutting-edge composite technologies. Their solutions address both thermal and fast neutron absorption requirements in nuclear applications.

Innovation Highlights:

• Nanocomposite absorber materials
• Customized shielding solutions
• Research collaboration with national labs

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5️⃣ 6. Lemer Pax

Headquarters: Quimper, France
Key Offering: Boron carbide-based neutron absorbers

This French company specializes in high-performance boron carbide products for nuclear applications. Their materials are used in reactor control rods, spent fuel storage, and radiation shielding applications.

Innovation Highlights:

• High-density boron carbide formulations
• Radiation-hardened materials
• EU nuclear facility certifications

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4️⃣ 7. Jiangsu Hailong Nuclear Technology

Headquarters: Jiangsu, China
Key Offering: Nuclear-grade neutron absorbing materials

As China’s nuclear sector expands, Jiangsu Hailong has emerged as a key domestic supplier of neutron capture materials. Their products serve both civil nuclear power and research reactor applications.

Innovation Highlights:

• Localized material production
• China nuclear regulator approvals
• Cost-effective absorber solutions

Download FREE Sample Report:
Neutron Capture Market – View in Detailed Research Report