Inorganic Scintillators Market predicts rise in demand by 2016-2024, globally

Inorganic Scintillators Market predicts rise in demand by 2016-2024, globally

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Zion Market Research, the market research group announced the analysis report ‘Inorganic Scintillators Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts, 2016–2024

Global Inorganic Scintillators Market: Overview

Inorganic scintillators are commonly used for detection of ionizing radiation. Previously it was used for precision calorimetry in high-energy physics and for medical imaging. They are made of oxides or alkali halides and are found in the form of crystal at high furnaces temperature. Due to their crystalline structure, they possess scintillation properties. Crystalline structure creates energy bands through which electrons can jump up to higher energy levels or down to lower energy levels by excitation or de-excitation through ionizing radiation or emission of photons respectively. Scintillating materials are extensively used in numerous industries such as security & defense, medical, and others.

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Global Inorganic Scintillators Market: Growth Factors

Sodium iodide is widely used in the medical imaging sector due to high light output, high resolution, and attractive price. This has led to the rising demand for inorganic scintillators. Due to rising threat for terrorist attacks and nuclear bombs, the domestic security radiation is being enhanced and detection materials are being used. The recent trend of radiological imaging is getting popular for the necessary diagnostic medicine which is positively influencing the market. X-ray imaging industry is growing at a fast rate owing to transition from film to digital in photography sector, which may give rise to the market growth. The nuclear power plant will show a significant growth in the coming future.

Global Inorganic Scintillators Market: Segmentation

The global inorganic scintillators market is segmented based on application, type, and geography. The application segment is divided into nuclear power plants, healthcare, industrial applications, homeland security and defense, and other applications. Based on the type, the market is segregated into oxide compounds, alkali halides, and rare earth metals. Region-wise, the segmentation is given by North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Global Inorganic Scintillators Market: Regional Analysis

Europe contributed for the largest market share owing to rapid growth in defense research and the increasing threat of terrorism thus projecting to propel the global market. The governments of the U.S. and European countries are very concerned about the security and safety issues. For this purpose, they have placed radiation detection equipment at the entrance of different places such as airports & ports, and railway stations. The developing economies such as India and China s are getting inspired from the European market and hence are improving their security systems at various public places by installing radiation detection systems. North America is focusing on improvement in the security & nuclear power and the rising demand for the advanced medical equipment are factors that are contributing to the market growth in future.

Global Inorganic Scintillators Market: Competitive Players

The leading market players that are influencing the inorganic scintillators market include Saint-Gobain S.A., Dynasil Corporation of America, Toshiba Materials Co., Ltd., Detec, and Hamamatsu Photonics K.K. Other players involved in the market include Nihon Kessho Kogaku Co., Ltd., Amcrys, Rexon Components, Inc., Shanghai Siccas High Technology Corporation, Scintacor, EPIC Crystal Co., Ltd., Hitachi Metals Group, and Alpha Spectra, Inc.

Global Inorganic Scintillators Market: Regional Segment Analysis: North America(US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India)Latin America(Brazil, Middle East, Africa).

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