In 2016, the global market for inorganic scintillators was valued at USD 337.8 millions. The overall industry is expected to see a rise in demand for scintillating material from the defense, security and medical sectors.
Inorganic scintillating material market growth will be influenced by the current trend towards radiological imaging. Because of its high resolution and light output, as well as its attractive price, sodium iodide is widely used in medical imaging. This has resulted in a rising demand for scintillating quartzes in the medical sector.
U.S. Inorganic Scintillators Market Revenue, By End-Use, 2014-2025 (USD Million).
Due to the increasing threat of terrorist attacks and nuclear bombs, radiation detection materials are used domestically. The U.S. government and European governments have increased their security by placing radiation detector equipment at entry points at various ports, stations and airports.
India and China, two emerging economies, are increasing their security systems, including ports and stations, by installing radiation detection system. Over the next few years, emerging markets will be high-potential markets.
Inorganic scintillators' largest segment in 2015 was sodium iodide, which accounted for 36.6% global revenue share. The most popular scintillation material is Thallium activated sodium Iodide. Its superior properties are at an affordable price. Its high light yield and luminescence spectrum are well-matched with the present photomultiplier tubes.
Market for inorganic scintillators worldwide, by material, 2016, (%)
Another major material used in medical imaging and security is cesium iodide. It accounted for 15.3% global revenue share. Because of its hygroscopic properties and shock sensitivity, it is preferred in mobile detection systems where low- and high-energy gamma radiations are involved.
Inorganic scintillators' largest market segment was alkali halides, which accounted for 51.8% global revenue share in 2015. Their superior properties, such as high resolution and sensitivity and efficiency, have led to widespread adoption in the medical imaging, devices, and other sectors. The market is expected to grow over the forecast period.
The second largest segment, representing 36.6% of global revenue share in 2015, was the rare earth metals. Radiation detection materials are often being made from rare earth scintillation material. These materials' excellent properties have led to an increase in their market penetration during the forecast period.
Inorganic scintillators' largest end-use sector in 2015 was the healthcare sector, which accounted for 51.1% global revenue share. The industry of x-ray imaging is currently going through the same transition as the photography sector in the last decade. The latest trend in digital xray imaging and digital thin film has been adopted in the medical sector.
The detector prices have fallen over the last few years, which has led to a drop in the price of scintillating material. Inorganic scintillators accounted for 25.2% global revenue share. The second largest segment was nuclear power plants. Radiation detection materials are increasingly being used in response to the growing use of nuclear energy.
North America accounted for 40% of global revenue in 2015, accounting for the largest market. The market is expected to grow due to rising demand for advanced medical equipment, increased focus on nuclear power, and improvements in security.
Europe accounted for 29.8% global revenue in 2015. The rising threat of terrorism, and increased defense research and development have fueled growth in the last few years.
Global inorganic Scintillators Market players are spread throughout the value chain. Raw material suppliers are the first step in the value chain for inorganic scintillators products. These raw materials are the foundation of the scintillator material that will be used in equipment to detect radiation. Material suppliers supply the raw materials to scintillator material producers (processors), who then supply it to equipment makers after processing.
The market's key players include Dynasil Corporation of America, Hamamatsu Photonics K.K., Hitachi Metals Group, Detec, Rexon Components, Inc., Saint-Gobain S.A., Scintacor, Toshiba Materials Co., Ltd., EPIC Crystal Co., Ltd., Amcrys, Shanghai Siccas High Technology Corporation, Alpha Spectra, Inc, Nihon Kessho Kogaku Co., Ltd.
This report provides a forecast of revenue growth at the global, regional and country level and analyzes industry trends in each sub-segment from 2014 to 2025. Up Market Research has divided the global inorganic simulators market by product, material, end-use and region.
Product Outlook (Revenue USD Million, 2014-2025)
Alkali Halides
Oxide Compounds
Rare Earth Metals
Material Outlook (Revenue USD Million, 2014-2025)
Sodium Iodide
Cesium Iodide
Lutetium Oxyorthosilicate & Lutetium-Yttrium Oxyorthosilicate
Other
End-use Outlook (Revenue USD Million, 2014-2025)
Healthcare
Homeland Security & Defense
Nuclear Power Plants
Industries
Regional Outlook (Revenue USD Million, 2014-2025)
North America
The U.S.
Europe
Germany
France
Asia Pacific
China
India
RoW
Brazil
Up Market Research published a new report titled “Inorganic Scintillators Market research report which is segmented by Product (Alkali Halides, Rare Earth Metals, Oxide Compounds), by Material (Cesium Iodide, Sodium Iodide, LOLYO), By Players/Companies Nihon Kessho Kogaku Co, Ltd, Hitachi Metals Group, Toshiba Materials Co, Saint-Gobain SA, Dynasil Corporation of America, Detec, Ltd, Amcrys, Shanghai Siccas High Technology Corporation, Hamamatsu Photonics KK, Alpha Spectra, Scintacor, EPIC Crystal Co, Inc, Inc, Rexon Components, Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Inorganic Scintillators Market Research Report |
By Product | Alkali Halides, Rare Earth Metals, Oxide Compounds |
By Material | Cesium Iodide, Sodium Iodide, LOLYO |
By Companies | Nihon Kessho Kogaku Co, Ltd, Hitachi Metals Group, Toshiba Materials Co, Saint-Gobain SA, Dynasil Corporation of America, Detec, Ltd, Amcrys, Shanghai Siccas High Technology Corporation, Hamamatsu Photonics KK, Alpha Spectra, Scintacor, EPIC Crystal Co, Inc, Inc, Rexon Components, Ltd |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 225 |
Number of Tables & Figures | 158 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Alkali Halides, Rare Earth Metals, Oxide Compounds), by Material (Cesium Iodide, Sodium Iodide, LOLYO).
Inorganic Scintillators Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Inorganic Scintillators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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