Latin America Inorganic Scintillators Market

Latin America Inorganic Scintillators Market Size & Growth (2023 to 2028)

As per the research report, the size of the Latin America Inorganic Scintillators market is valued at USD 35.96 million in 2023 and is expected to reach USD 47.40 million by 2028 to grow at 5.68% CAGR from 2023 to 2028.

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.

This research report on the Latin America Inorganic Scintillators Market has been egmented and sub-segmented into the following categories:

By Scintillation Material:

• NaI
• CsI
• LSO
• LYSO

By Type:

• Alkali Halides
• Rare Earth Metals

By Application:

• Healthcare
• Homeland Security & Defense
• Nuclear Power Plants

By Country:

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Poor economies and unfavorable government policies are going to impact market growth negatively. However, heavy investment by private players in the untapped market is going to boost the market growth. 

Prominent companies leading in the Latin America Inorganic Scintillators market profiled in the report are Saint Gobain S.A., Hamamatsu Photonics K.K., Dynasil Corporation of America, Hitachi Metals Group, Rexon Components Inc., Detec, Toshiba Materials Co., Ltd., Scintacor, EPIC Crystal Company Limited, Amcrys, Alpha Spectra, Inc. Shanghai SICCAS High Technology Corporation and Nihon Kessho Kogaku Co. Ltd.