Asia-Pacific Inorganic Scintillators market is anticipated to grow at 6.45% CAGR from 2018 to 2023 and it is estimated that the Asia-Pacific market was valued at USD 53.89 million in 2018 and is expected to reach USD 73.66 million by 2023.
Scintillators are materials that exhibit scintillation i.e. the property of luminescence when radiated upon by ionizing radiations. Luminescent materials, when collided with an incoming particle, absorb its energy and scintillate i.e. re-emit the absorbed energy in the form of light. Every so often, the excited state is metastable, so the relaxation back down from the excited state to lower states is delayed. The process then leads into either one of the two phenomena, depending on the type of transition and hence the wavelength of the emitted optical photon: delayed fluorescence or phosphorescence, also called after-glow.
The rise in the trend of using low-cost scintillating materials for the purpose of radiation detection has been a key factor driving the growth of the market. Growth in the demand for domestic security materials has resulted in pushing the demand for inorganic scintillators market. The medical imaging sector has also witnessed a rise in the trend of using radiation detection materials owing to their superior properties. Emerging economies are improving their security systems including stations, ports, and airports with the use of radiation detection systems. Radiation detection materials are being used for domestic security purposes owing to the rising threat of nuclear bombs and terrorist attacks. This has resulted in increased use of radiation detection materials in their security by governments thereby placing radiation detection equipment at points of entry at various ports, stations, and airports.
The Asia-Pacific market is segmented on the basis of Scintillation Material, Type, and Application. On the basis of Scintillation Material, it is segmented into NaI, CsI, LSO, and LYSO. Sodium iodide has the largest share in this market segment. Thallium activated sodium iodide is the most predominant scintillation material used. This is a consequence of its superior properties at an extremely affordable price. Its excellent light yield coupled with its luminescence spectrum is well matched to present photomultiplier tubes. Cesium iodide is another chief material used in the medical imaging sector and the security industry. Its hygroscopic nature and shock sensitivity has resulted in an increase in its market penetration in various mobile detection systems. It is frequently used where low and high energy gamma rays are involved. On the basis of Type, it is segmented into Alkali Halides and Rare Earth Metals. Alkali halides have the largest share in this market segment. Its superior properties such as high resolution, sensitivity, and efficiency has led to its extensive use in the medical imaging and devices sector. This is anticipated to be a result of growing market. Rare earth metals held the second largest share in this market segment owing to its extensive use as a radiation detection material. The excellent properties of these materials have resulted in an increase in their level of market penetration over the coming years.
On the basis of Application, it is segmented into Healthcare, Homeland Security & Defense, and Nuclear Power Plants. The healthcare sector held the largest share in this market segment. The x-ray imaging industry is going through a transition from thin film to digital which took place in the photography sector over the past decade. Early adoption in the medical industry in terms of a move towards the digital and digital x-ray imaging has become the latest trend. Detector prices over the past few years have dropped which has caused the lowering of prices for scintillating materials. The nuclear power plant sector was the second largest segment. This can be attributed to the growth in nuclear energy, henceforth leading to an increase the penetration of radiation detection materials.
On the basis of geography, the market is analyzed under various regions namely India, China, Japan, Australia and South Korea. Asia-Pacific is expected to register the highest growth rate in the coming years. Emerging economies including India and China are working in improving their security systems at stations, ports, and airports by installing radiation detection systems. The emerging markets are expected to offer high potential over the coming years with emphasis on India, China, and Japan. This can be attributed to factors such as high spending on homeland security in Asia, Japan's decision to continue with the use of nuclear power, high growth expected in China's nuclear power industry, presence of global and local players in the Chinese market, increasing number of nuclear power plants in India, and increasing installations of nuclear imaging systems in India.
The market is dominated by companies like Scintacor, EPIC Crystal Company Limited, Amcrys, Alpha Spectra, Saint Gobain S.A., Hamamatsu Photonics K.K., Dynasil Corporation of America, Hitachi Metals Group, Rexon Components Inc., Detec, Toshiba Materials Co., Ltd., Inc. Shanghai SICCAS High Technology Corporation and Nihon Kessho Kogaku Co. Ltd.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Scintillation Material
5.1.1 Introduction
5.1.2 Sodium Iodide
5.1.3 Cesium Iodide
5.1.4 Lutetium Oxyorthosilicate & Lutetium–Yttrium Oxyorthosilicate
5.1.5 Bismuth Germanate
5.1.6 Other Scintillation Materials
5.1.7 Y-o-Y Growth Analysis, By Scintillation Material
5.1.8 Market Attractiveness Analysis, By Scintillation Material
5.1.9 Market Share Analysis, By Scintillation Material
5.2 Type
5.2.1 Introduction
5.2.2 Alkali Halides
5.2.3 Oxide Compound
5.2.4 Rare Earth Metals
5.2.5 Y-o-Y Growth Analysis, By Type
5.2.6 Market Attractiveness Analysis, By Type
5.2.7 Market Share Analysis, By Type
5.3 Application
5.3.1 Introduction
5.3.2 Healthcare
"5.3.3 Nuclear Power Plants
"
5.3.4 Industrial Applications
5.3.5 Others
5.3.6 Y-o-Y Growth Analysis, By Application
5.3.7 Market Attractiveness Analysis, By Application
5.3.8 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Scintillation Material
6.1.3.3 By Type
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Scintillation Material
6.1.4.3 By Type
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Scintillation Material
6.1.5.3 By Type
6.1.5.4 By Application
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Saint Gobain S.A.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Hamamatsu Photonics K.K.
8.3 Dynasil Corporation of America
8.4 Hitachi Metals Group
8.5 Rexon Components Inc.
8.6 Detec
8.7 Toshiba Materials Co.Ltd.
8.8 Scintacor
8.9 EPIC Crystal Company Limited
8.10 Amcrys
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
