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Inorganic Scintillators Market Worth $491.0 Million By 2025: Grand View Research, Inc.

Inorganic Scintillators Market Worth $491.0 Million By 2025: Grand View Research, Inc.

December 06
16:20 2017

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global inorganic scintillators market size was estimated to be USD 337.8million in 2016. Rising demand for scintillating materials from the medical, security and defense is expected to result in a positive impact on the overall industry.

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.

Full research report on inorganic scintillators market analysis:
https://www.grandviewresearch.com/industry-analysis/inorganic-scintillators-market

U.S. inorganic scintillators market revenue, by end-use, 2014 – 2025 (USD Million)

 

U.S. inorganic scintillators market revenue, by end-use, 2014 - 2025 (USD Million)

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.

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Global inorganic scintillators market, by material, 2016 (%)

 

Global inorganic scintillators market, by material, 2016 (%)

Grand View Research has segmented the global inorganic scintillators 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

  • Others

End-use outlook (Revenue, USD Million, 2014 – 2025)

  • Healthcare

  • Homeland Security & Defense

  • Nuclear Power Plants

  • Industrial Applications

Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • France

  • Asia Pacific

    • China

    • India

  • RoW

    • Brazil

Access Full Press Of This Report By Grand View Research: https://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.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/inorganic-scintillators-market

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