Glass Scintillator Market to grow with an exceptional CAGR through 2028F

Increase in the number of nuclear power plants is a significant factor driving the growth of the Global Glass Scintillator Market in the forecast period of 2023-2028.

According to TechSci research report, “Glass Scintillator Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F,”. the Global Glass Scintillator Market is projected to expand in the coming years owing to increasing number of nuclear power plants.

Scintillators are substances that can transform X or gamma rays, which have a high energy, into visible or near-visible light. In high energy physics, geophysical exploration, and medical diagnostics, they are frequently used as detectors. Gaseous, liquid, solid, organic, and inorganic are all possible forms of scintillators such as glass, single crystal, ceramics. A photodetector, which may be a photomultiplier tube (PMT) or a photodiode, and a scintillator material are the main components of detectors based on scintillators. Making an electrical signal out of the scintillator's output light is the function of the photodetector.

North America was estimated as the largest regional market. The increased demand is driven by the growing application of glass scintillators in industries such as oil & gas exploration and nuclear industry. The shale oil boom in the region coupled with the use of various techniques such as Logging-While-Drilling (LWD) and Measurement-While-Drilling (MWD) is an important market driver. These methods require accurate and reliable data measurement, which can be accomplished with the aid of glass scintillators. These factors together are expected to boost the glass scintillator demand till 2025. The shortage of highly skilled workforce to operate the detectors by using glass scintillators, especially in nuclear power plants is likely to have negative implications on the market growth over the forecast period. The market is oligopolistic in nature and marked by the presence of global and regional players. Key players in the market include Rexon Components & TLD Systems Inc., Saint-Gobain Ceramics & Plastics, Inc., Nihon Kessho Kogaku Ltd., Hitachi Metals Ltd., Hamamatsu Photonics, Epic Crystal Co. Ltd., Dynasil Corporation, Food Machinery Corporation (FMC) Ltd., Albemarle Corporation, and Panasonic Corporation.

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The Global Glass Scintillator Market is segmented into product, type, application, region, and competitive landscape.

A wide range of radiation detection applications in the nuclear industry use glass scintillators based on lithium. In the oil and gas sector, they are also employed for measurement-while-drilling (MWD) and logging while drilling (LWD) during the exploration phase. It is anticipated that increased exploration activity will accelerate market expansion on a global scale. Furthermore, it is anticipated that the growing use of glass scintillators in oil and gas applications will spur the growth of the market for these devices.

A glass scintillator is used in the oil and gas industry to collect data during the drilling process. Furthermore, a glass scintillator operates flawlessly in a wide range of temperature, pressure, humidity, and magnetic field conditions. These elements are expected to positively fuel the development of the global glass scintillator market.

Due to significant product developments and innovations, North America has the largest market share and is predicted to grow at the fastest rate during the forecast period. Future innovation and research with glass scintillator have enormous potential. Energy comes from nuclear power plants, which significantly explains there are more lithium-based glass scintillators in the North American region. There are many oil and gas fields nearby that have affordable exploration costs. Combined with the sophisticated testing techniques used in the drilling calculation, this help produce higher productivity.

Major market players operating in the global glass scintillator market are:

• Rexon Components & TLD Systems Inc.
• Saint-Gobain Ceramics & Plastics, Inc.
• Nihon Kessho Kogaku Ltd.
• Hitachi Metals Ltd.
• Hamamatsu Photonics
• Epic Cystal Co. Ltd
• Dynasil Corporation
• Food Machinery Corporation (FMC) Ltd.
• Albemarle Corporation
• Panasonic Corporation

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To grow business operations and gain a competitive edge, the market players are forming strategic alliances and partnerships.

For example, on January 7, 2020, Saint-Gobain acquired Sonex in Brazil, a company that manufactures and sells acoustic ceiling structures under the brands Sonex, Nexacustic, and Fiberwood.

Mergers and acquisitions play a crucial role. Other key market players have entered the industry in addition to the companies that are already present.

“Global Glass Scintillator Market is expected to grow at a robust pace on account of growing nuclear security. Scintillator materials are currently widely used in many detection systems addressing different fields, such as medical imaging, homeland security, high energy. Higher resolution, wider transmission, better mechanical hardness, and improved energy proportionality are among the useful characteristics of the scintillator. Lithium and neutron interact to create high energy particles that are simpler to measure and detect. Nuclear power plants, particle physics, and nuclear medicine all use neutron detection extensively.”, said Mr. Karan Chechi, research director with TechSci research, a research-based global management consulting firm.

“Glass Scintillator Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Natural Lithium, Enriched Lithium, and Depleted Lithium), By Type (≤400nm and ＞400nm), By Application (Oil & Gas and Nuclear Power Plant), By Region,” has evaluated the future growth potential of Global Glass Scintillator Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global glass scintillator market.

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