The global scintillator market is anticipated to grow at a considerable CAGR of 4.7% during the forecast period. The major factors driving the demand for scintillators include the increasing number of nuclear power plant projects and the emerging demand for advanced radiation monitoring instruments in homeland security. Scintillators are successfully synthesized by controlled thermal polymerization of monomers, including vinyl xylene, styrene, and vinyl toluene, in the presence of an appropriate initiator and fluorescence additives. A wide range of research programs has been conducted for plastics and liquid scintillation for deployment in active and passive homeland security systems, which in turn, protects against nuclear and radiological threats.

Impact of COVID-19 Pandemic on Global Scintillator Market

The COVID-19 pandemic impacted most industries including the scintillator market across the globe. Nation-wide lockdowns to reduce the spread of the virus caused a global financial crisis across the globe which caused a negative impact on scintillators' demand. The market players across the board tried their best by innovating a new way to work and coordinate which boosted them for the potential future market. As the situation got normal the market has shown appropriate growth and is anticipating great potential in the healthcare section in the upcoming years.

Segmental Outlook 

The global scintillator market is segmented based on material composition and application. Based on the material composition, the market is classified into organic scintillators and inorganic scintillators. Based on the application, the market is classified into healthcare, nuclear power plants, homeland security and defense, and others. The application included the manufacturing industry.The above-mentioned segments can be customized as per the requirements. Based on material composition, the inorganic scintillator is anticipated to rise significantly during the forecast period while based on application, the healthcare segment is projecting impressive growth in the upcoming years.

Global Scintillator  MarketShare by Material Composition, 2021 (%)

The Inorganic Scintillator Segment Projected to Grow Significantly in the Global Scintillator Market

Inorganic scintillators are anticipated to hold a considerable share in the scintillators market. These scintillators feature high light output, high density, and relative radiation resistance. Due to these properties, it finds its application in nuclear power plants, industrial, and healthcare, along with HEP (high energy physics) to detect ionizing radiation and raise radiation resistance. Furthermore, increasing researchers' focus on inorganic scintillators is anticipated to propel market growth in the near future. 

Inorganic crystal scintillators have played an important role in HEP experiments in the past, and new generations of scintillators are expected to play an important. The main challenge in this application includes the development of ultrafast and radiation hard inorganic scintillators for future HEP experiments. Moreover, the development of UV-transparent cost-effective inorganic scintillators for the HHCAL detector concept are some other factors hampering the market growth.

Regional Outlooks

The global scintillator market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).  The market can be analyzed for a particular region or country level as per the requirement.The Asia Pacific is projected to grow significantly during the forecast period while North America is estimating an impressive in the near future.

Global Scintillator Market Growth, by Region 2022-2028

The Asia-Pacific Region Anticipated to Grow Significantly in the Global Scintillator Market

A significant rise in nuclear power projects and an increasing military and defense budget are anticipated to be the major factors propelling the market growth in the region. Globally, China holds the second position in military spending with $293 billion in 2021; whereas, India held the third position and invested $76.6 billion in 2021, as per SIPRI (Stockholm International Peace Research Institute). This rise in military spending results due to the modernization of military power. This, in turn, is likely to contribute to the significant adoption of radiation detection instruments to detect alpha, beta, and gamma radiation, for defining protection for the soldiers.

Market Players Outlook

The major companies serving the global scintillator market include Dynasil Corp., Hamamatsu Photonics K.K., Saint-Gobain Crystals, Scintacor ltd., TOSHIBA MATERIALS CO., LTD., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2020, Florida State University researchers created a new material that could be used to make flexible X-ray indicators that are less harmful to the environment and less costlythan existing technologies. The team of the Department of Chemistry and Biochemistry developed an X-ray scintillator that uses an environmentally friendly material. The research was published in the journal Nature Communications.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global scintillator market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.