According to IMARC Group's latest research report, titled "Asia Pacific Scintillator Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights into the market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The Asia Pacific scintillator market size reached US$ 137.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 202.1 Million by 2027, exhibiting a growth rate (CAGR) of 6.7% during 2022-2027.
Asia Pacific Scintillator Market Outlook:
Scintillators are materials that can absorb high-energy photons and incident particles, including protons, electrons and neutrons. These materials are durable and cost-effective and offer high density, fast operation speed, and radiation hardness. Consequently, they are utilized in particle detectors, new energy resource exploration and gas exploration. They also find applications in computed tomography (CT) scanners, gamma cameras and X-ray security in the Asia Pacific region.
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Asia Pacific Scintillator Market Growth:
The growing prevalence of chronic diseases represents one of the key factors escalating the demand for scintillators in the healthcare sector. Moreover, they are utilized in nuclear and particle physics to detect and measure radioactive contamination and monitor nuclear material and waste. They are also used in non-destructive testing (NDT) and thermal neutron activation analysis. This, along with the increasing adoption of alternative energy sources and the rising number of upcoming nuclear reactors, is strengthening the market growth. Furthermore, increasing national security concerns are expanding the applications of scintillators in the defense and military sector. Besides this, the development of affordable and high-performance products, coupled with rising investments in research and development (R&D) activities, is anticipated to bolster the market growth.
Key Market Segmentation:
Breakup by Composition of Material:
In-Organic Scintillators
Alkali Halides
Oxide Based Scintillators
Others
Organic Scintillators
Single Crystal
Liquid Scintillators
Plastic Scintillators
Breakup by End Product:
Personal or Pocket Size Instruments
Hand-Held Instruments
Fixed, Installed, and Automatic Instruments
Breakup by Application:
Healthcare
Nuclear Power Plants
Manufacturing Industries
Homeland Security and Defense
Others
Breakup by Country:
China
Japan
India
South Korea
Australia
Indonesia
Others
Key Highlights of the Report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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