The scintillators market is anticipated to increase at a 4.5% CAGR over the course of the forecast period, going from USD 523.2 Million in 2022 to USD 812.8 Million by 2032. The demand for monitoring molecular and atomic particles and sub-particles is anticipated to boost sales during the projected period. The scintillators market is dependent on a number of other factors as well.
Scintillators are used in radiation detection and monitoring equipment to meet the rising demand for knowledge about microparticles brought on by technological advancements. Understanding subatomic particles allows one to gain knowledge at the molecular and atomic levels, which has applications in fields requiring sensitivity.
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Scintillators, exhibiting luminescence, when used in conjunction with detectors provides information about things by studying their molecular structure. The electrical pulse generated by the absorption of the light wave by the detector, yields important information about the micro particles under study.
Scintillators, thus, has its major applications in medical and experimental sectors. The study of nuclear particles yield information about the material at subatomic particle, which gives the information about the age, structural alignment etc. of the material. The information provided by scintillators is used to carry out experiments and gain the required knowledge.
Scintillators Market: Drivers and Restraints
The increasing number of nuclear power plants increases the demand for nuclear particle and radiation detectors, which acts as a driver for the global scintillators market. The cost effectiveness of scintillators also increases the adoption of scintillators. In addition to that, scintillators has applications in multiple sectors.
The non-proportionality between the input and the output results does not result in a 100% efficiency and a rather distorted result. This acts as a restraint for scintillators market. In addition to that, the detectors work under a specified spectral range, which limits the complete functionality of the scintillators.
Global Scintillators Market Technology Trends
Scintillators in integration with nanophotonics improves the performance of scintillator detectors by increasing their light extraction capacity. Moreover, some of the new advancements in the scintillators are fast decay times and high light yield capacity. The introduction of handheld operating scintillators, with the advancements, have resulted in the mobility and portability of the product.
Global Scintillators Competitive Landscape
In July 2017, after a strategic partnership of Zecotek Photonics Inc. with EBO optoelectronics, Zecotek received an order worth US$ 1.2 million for their patented LFC scintillation crystals. Zecotek focused on improving their product’s technology and their presence in China with this partnership.
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Leading Market Players:
- 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.
Key Segmentations: Scintillators Market
By Product Type:
- Organic Crystals
- Organic Liquids
- Plastic Scintillators
By Application:
- Radiation Detection
- Medical Imaging
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
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