Scintillator Market Outlook 2021: To Witness Huge Growth By 2026 With Top Player Hitachi Metals Ltd, Zecotek Photonics Inc., CRYTUR, REXON, ScintiTech, ELJEN, Beijing Opto-Electronics

Global Scintillator Market to Grow Rapidly due to Increasing Applications in End-use Industries

Over the forecast period, increasing demand from the nuclear industry is expected to be a major driver of global market development.

Glass scintillators are used in detectors since they aid in the detection of nuclear reactor energy radiation. Its ability to operate under extreme working conditions of temperature and pressure makes it useful in oil and gas exploration. It is used to determine pore pressure and mechanical properties of rocks. Drillers benefit from understanding the mechanical properties of rock because it lets them make better drilling decisions, which increases drilling performance.

Due to a shortage of helium, which is used as a material for thermal neutron detection, demand for lithium-based scintillators is growing. The lithium-based substance is beneficial due to its lower atomic number, which imparts gamma transparency.

Ionizing radiation such as charged particles, gamma rays (electrons), and neutrons are detected and measured using a glass scintillator. The detection is accomplished by absorbing the excitation effect of example radiation on a scintillating material and observing the light pulses that occur. It comes in a number of shapes and sizes, including rectangles, disks, cylinders, and powder. It has improved mechanical hardness, increased energy proportionality, a wider transmission range, and a higher resolution. Since the glass scintillator can operate in high temperatures and pressures, it is used in oil and gas and nuclear power plants.

In the nuclear industry, lithium-based glass scintillators are used for a wide range of radiation detection applications. During the exploration period, they are also used in the oil and gas industry for logging while drilling (LWD) and measurement-while-drilling (MWD). One of the reasons for increased demand is the rise in exploration activity.

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Growth Drivers that Support the Global Scintillator Market:

• In 2016, oil and gas dominated all other end-use segments in terms of global sales share. Before investing in an oil rig, companies in the oil and gas industry are looking for new investment opportunities in the construction of oil rigs. This is made possible by lithium-based glass scintillators, which are used to gather data during the drilling process and ensure a return on investment.

• In terms of sales share, North America led the industry in 2016, and this trend is projected to continue over the forecast period. Over the forecast period, rising demand from the end-use market, primarily oil and gas, is expected to drive development.

Major companies functioning in the global Scintillator Market are Saint-Gobain Ceramics & Plastics, Rexon Components & TLD Systems, Scintacor, Collimated Holes, Gee Bee International, Amcrys, Epic Cystal, Albemarle, Hamamatsu Photonics, Nihon Kessho Kogaku, Hitachi Metals

Market Segmentation:
By Type:
• Solid Scintillator
• Liquid Scintillator
• Gaseous Scintillators

By Application:
• Medical
• Industry
• Security

By Region:
• North America
◦ North America, by Country
▪ US
▪ Canada
▪ Mexico
◦ North America, by Type
◦ North America, by Application

• Western Europe
◦ Western Europe, by Country
▪ Germany
▪ UK
▪ France
▪ Italy
▪ Spain
▪ The Netherlands
▪ Rest of Western Europe
◦ Western Europe, by Type
◦ Western Europe, by Application

• Asia Pacific
◦ Asia Pacific, by Country
▪ China
▪ India
▪ Japan
▪ South Korea
▪ Australia
▪ Indonesia
▪ Rest of Asia Pacific
◦ Asia Pacific, by Type
◦ Asia Pacific, by Application

• Eastern Europe
◦ Eastern Europe, by Country
▪ Russia
▪ Turkey
▪ Rest of Eastern Europe
◦ Eastern Europe, by Type
◦ Eastern Europe, by Application

• Middle East
◦ Middle East, by Country
▪ UAE
▪ Saudi Arabia
▪ Qatar
▪ Iran
▪ Rest of Middle East
◦ Middle East, by Type
◦ Middle East, by Application
• Rest of the World
◦ Rest of the World, by Country
▪ South America
▪ Africa
◦ Rest of the World, by Type
◦ Rest of the World, by Application

Objectives of this Report:
• To estimate market size for Scintillator market on regional and global basis.
• To identify major segments in Scintillator market and evaluate their market shares and demand.
• To provide a competitive scenario for the Scintillator market with major developments observed by key companies in the historic years.
• To evaluate key factors governing the dynamics of Scintillator market with their potential gravity during the forecast period.

Reasons to Buy This Report:
• Provides niche insights for decision about every possible segment helping in strategic decision making process.
• Market size estimation of the Scintillator market on a regional and global basis.
• A unique research design for market size estimation and forecast.
• Identification of major companies operating in the market with related developments
• Exhaustive scope to cover all the possible segments helping every stakeholder in the Scintillator market.

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This release was published on openPR.