The global inorganic scintillators market is expected to
reach USD 491.0 million by 2025, according to a new report by Grand View
Research, Inc. Increasing market penetration of scintillating materials in
medical imaging devices is expected to result in propelling market expansion
over the forecast period. Cesium iodide and sodium iodide thin film imaging
plates have witnessed a surge in demand over the past few years on account of
its low cost and superior performance as compared to phosphorus plates.
The increasing trend of using low-cost scintillating
materials for the purpose of radiation detection has been a critical factor for
growth. The demand for inorganic scintillating materials was USD 324.0 million
in 2015. Growing demand for domestic security materials has resulted in pushing
the demand for inorganic scintillators market.
The medical imaging sector has also witnessed an increasing
trend of using radiation detection materials owing to their superior
properties. Emerging economies including India and China are improving their
security systems including stations, ports, and airports by installing
radiation detection systems.
Browse full research report on Global Inorganic Scintillators Market: http://www.grandviewresearch.com/press-release/global-inorganic-scintillators-market
Further key findings from the report suggest:
- Oxide
compounds product segment is expected to witness the fastest revenue
growth at a CAGR of 5.2% from 2016 to 2024. Companies such as
Saint-Gobain, Hilger Crystals, and Lambda Photonics are some of the key players
investing heavily in oxide based scintillating materials.
- Lutetium
Oxyorthosilicate & Lutetium-Yttrium Oxyorthosilicate material segment
is expected to witness the fastest revenue growth at a CAGR of 6.0% from
2016 to 2024. Its superior properties including excellent energy
resolution high light output and density have resulted increasing its
market penetration over the past few years.
- Healthcare,
security and defense and nuclear power are some of the crucial sectors in
the inorganic scintillators market. Increasing need for sophisticated
medical imaging equipment and cancer treatment devices has resulted in an
overall expansion of the industry.
- Asia
Pacific market was valued at USD 60.4 million in 2015 and is expected to
witness significant expansions over the forecast period on account of
increasing investment in producing radiation detection materials over the
past few years. North America is a key market for scintillating materials
owing to the increasing investments in the nuclear power and domestic
security sectors.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global inorganic
scintillators market by product, material, end use and region:
Inorganic Scintillators Product outlook (Revenue, USD
Million, 2014 - 2025)
- Alkali
Halides
- Oxide
Compounds
- Rare
Earth Metals
Inorganic Scintillators Material outlook (Revenue, USD
Million, 2014 - 2025)
- Sodium
Iodide
- Cesium
Iodide
- Lutetium
Oxyorthosilicate & Lutetium–Yttrium Oxyorthosilicate
- Others
Inorganic Scintillators End use outlook (Revenue, USD
Million, 2014 - 2025)
- Healthcare
- Homeland
Security & Defense
- Nuclear
Power Plants
- Industrial
Applications
Inorganic Scintillators Regional Outlook (Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- France
- Asia
Pacific
- China
- India
- RoW
- Brazil
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-inorganic-scintillators-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
