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    Scintillator Market Size Forecast to Reach $425 Million by 2026
    (I-BusinessNews.Com, August 20, 2021 ) Scintillator Market size is forecast to reach $425 million by 2026, after growing at a CAGR of 6% during 2021-2026, owing to increasing demand from various end use industries such as medical & healthcare, nuclear power plants, homeland security & defense, and manufacturing industries. Scintillators like yttrium silicate and ethylhexylphosphoric acid is used in medical lasers, biomedical implants and to control nuclear. Having low amounts of almmunium molybdate supplements reduces the risk of esophageal cancer.



    Almmunium molybdate has an important role in normal body functions. Like for maternity and lactation, the Recommended Dietary Allowance (RDA) has been set 50 mcg/day for women of all ages. It is estimated that a typical US adult's diet supplies 120 mcg/day to 210 mcg/day.



    Furthermore, the use of a scintillator in conjunction with a photomultiplier detector finds wide use in hand held survey meters ideal for detecting and measuring monitoring nuclear material. Hence, increasing demand for new radiological applications and increased radiation monitoring investments in home safety are among the drivers that drive the market of the scintillators.



    Scintillator Market Segment Analysis – By Material



    Inorganic scintillators segment held the largest share for scintillator market in 2020 due to increasing R&D activities across the globe. For example, improving light coupling with photon detector. Inorganic scintillators used in X-ray and gamma spectroscopy, which fueling the demand of scintillators. Apart from this, inorganic scintillators are used in imaging like Positron Emission Tomography (PET) in medical image and gamma imaging. Also, inorganic scintillators used in various applications such as oil wells and mining. Hence, increasing R&D activity to improve photo absorption will be boosting the growth of inorganic scintillators.



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    Scintillator Market Segment Analysis – By Type



    Hand held scintillators lead the scintillators market in 2020. Scintillators exhibit high growth potential in markets that are characterized by high resolution, low cost and performance in terms of radiation monitoring equipment. Hand held scintillators may be attributed to surging demand for portable and hand-held radiation detectors. In addition, pocket size alarming instruments with user readable displays are worn on the body. It is also used to detect radioactive materials for interdiction and prevention purposes and to indicate the gamma radiation exposure rate and neutron count rate.



    Scintillator Market Segment Analysis – By Application



    Medical & Healthcare has dominated the application market for scintillator market in 2020 and is growing at a CAGR of 8% during this forecast period, due to scintillators (like ammonium molybdate, ethylhexylphosphoric acid and yttrium silicate) for cardiovascular and neurological disorders used for the diagnosis and examination in the health industry. In addition, governments across the globe impose strict restrictions on the usage of medical equipment, which in turn urge hospitals and healthcare organizations to introduce sophisticated technical scintillation and radiation detectors. Apart from this, security and safety agencies around the world use these materials to improve domestic security and prevent loss of persons.



    For example, under the exploratory and small business creative research initiatives for the identification and prevention of radiological hazards in the Department of Homeland Security (DHS) in the U.S., the Solid Organic Scintillator has been funded. Scintillators are heavily integrated various medical equipment such as X-ray machines, CT scanners, PET scanners, and SPECT scanners, among others. Incidence and prevalence rate of cancer is increasing which is a major problem for all technologically developed countries.



    In the US in 2018, there will be an estimated 266,120 new cases of invasive ductal cancer diagnosed in women, 2,550 cases diagnosed in men and an additional 63,960 cases of in situ ductal gland lesions diagnosed in women. However, cancer can be successfully treated and cured with uses of scintillators, which is propel the market growth.



    Scintillator Market Segment Analysis – By Geography



    Asia Pacific dominated the scintillator market share size with 52 % in 2020 owing to rising adoption of medical equipment among medical & healthcare organizations in the developed economies and in developing countries. According Asia-Pacific Journal of Clinical Oncology, Asia Pacific hosts 50% of the world’s new cancer cases each year, and deaths caused by cancer in Asia are expected to increase by 36% by 2030.



    Cancer is the second most common cause of death in the US, exceeded only by heart disease. In 2018, The American Cancer Society estimated 729,000 cancer cases including 19% that are caused by smoking and 18% that are caused by a combination of excess body weight, physical inactivity, excess drink consumption, and poor nutrition to be detected in the US. Cancer can be cured if diagnosed and treated at an initial stage.



    Furthermore, scintillators are being used widely for sentinel and ductal node detection in gamma cameras to obtain high sensitivity. Hence, scintillator detectors are used for detection & analysis of cardiovascular disease (CVD) and neurological diseases. Thus, increasing use of scintillators with reducing death rates by cancer is expected to grow the demand of scintillator market.



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    Scintillator Market Drivers



    Increasing Demand from End Use Industries



    Scintillators including ethylhexlphosphoric acid, yttrium silicate and ammonium molybdate are widely used in various applications such as to prevent blood clots, heart diseases, cardiovascular disorders, neurological disorders, brain tumor, ductal cancer and colon cancer. Hence, health care sector is expected to rapidly expand in future, including medical imagery and nuclear medicine, domestic protection and the nuclear energy industry. Scintillation detectors are used in conjunction with a photomultiplier detector to convert the scintillation light pulse into an electric pulse. Photomultiplier detector, useful for light detection of very weak signals, is photo missive device in which the absorption of a photon results in the emission of an electron. Furthermore, the defense authorities are striving to strengthen their homeland security teams and minimize personnel loss from radioactive rays. Which will further drive the market growth.



    Increasing Demand due to Technological Advancements



    In the forecast era, technological development along with innovation will drive market growth. The production of high-performance products at the low-cost and increased demand for radiation detection instruments across the application markets can also contribute to growth. Furthermore, helium 3 depletion for protection neutron detection, combined with advances in nuclear medicine and medical imaging, is also expected to contribute to global market growth in scintillators. In addition, a rising number of power plants can also support demand growth during the forecast period. For instance, as of April 2020, there are 440 operable power reactors in the world, with a combined electrical capacity of 390 GW. Additionally, there are 55 reactors under construction and 109 reactors planned, with a combined capacity of 63 GW and 118 GW, respectively, while 329 more reactors are proposed.



    Scintillator Market Challenges



    Volatility in Raw Material Prices



    One of the main problems for producers is uncertainty of raw material costs. Business development is expected to be threatened by fluctuating prices of Scintillator. Companies are investing in creating advanced technology for the development of scintillator products to counter this, which requires high initial investments. Like photomultiplier detectors remain among the most sensitive methods for detecting light, they require an expensive and takes much time.



    Scintillator Market Landscape



    Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Scintillator Market. Major players in the Scintillator Market are Canberra Industries Inc., Hamamatsu Photonics K.K., Hitachi Metals Ltd., Ludlum Measurements Inc., Mirion Technologies Inc., Radiation Monitoring Devices, Saint Gobain, and Zecotek Photonics, and among others.



    Acquisitions/Product Launches:



    In 2020, Mirion Technologies Inc. has launched a product, Series 6LB counter which has better gas management technology. The Series 6LB counter has improved gas usage compared to the Series 5 XLB counter. It uses a new, innovative guard detector that does not require P-10 gas.



    Key Takeaways



    Growing number of power plants can stimulate growth of the market over the predicted period. In markets with low-cost, high-resolution and radiation monitoring performance, scintillators have a high potential for growth.



    For instance, according to the India Brand Equity Foundation (IBEF), wind energy is estimated to contribute 60 GW, followed by 100 GW from solar power and 15 GW from biomass and hydropower by 2022. The target for renewable energy has been increased to 175 GW by 2022. The Government of India plans to double the share of installed electricity generation capacity of renewable energy to 40% till 2030.



    The increases demand for portable and handheld radiation detectors in industrial gamma-ray spectrometers due to superior energy resolution and photomultiplier detectors is propel the scintillator market growth.



    Extensive innovation, new radiological medical applications and investments in domestic security radiation monitoring equipment is also expected to fuel market growth.



    Related Reports :



    A. Aluminum Market

    https://www.industryarc.com/Research/Aluminium-Market-Research-503190



    B. Glass Scintillator Market

    https://www.industryarc.com/Research/Glass-Scintillator-Market-Research-503469



    For more Chemicals and Materials Market reports, please click here



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    Venkat Reddy

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