The global scintillator market to grow at a CAGR of 5.68% during the period 2016-2020
Global Scintillator Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, we have considered the revenue generated from the sales of organic and inorganic scintillation material.
A trend which has influenced market growth is the increased use of plastic scintillators in applications requiring high performance. Plastic scintillators are largely used for low-cost, low-performance applications. However, according to a recent study, plastic scintillators can be used for high-performance applications at low cost.
For instance, research carried out at Lawrence Livermore National Lab resulted in the creation of a new polyvinyl toluene-based material. This new development has been successfully transferred to Eljen Technologies for commercial production. The new material, which combines polyvinyl toluene with a high concentration of scintillating dye, can distinguish between neutrons and gamma rays.
According to the report, a key growth driver is the advances in medical technology. Advances in radiographic system technology have resulted in the development of new radiation sources, detector technology, and a number of new imaging technologies using neutrons and X-rays.
Radiographic system technology is used in routine examinations of chest, neck or spine, and limbs; specialty services such as dental and mammography; and emergency services such as ICU, Neonatal ICU, and hospital wards. The shift from analog to digital X-rays has resulted in the development of new radiation-based imaging techniques. The introduction of flat-panel computed radiography in X-ray machines has increased their efficiency and imaging quality.
Further, the report states that one challenge that could hamper market growth is the decline in the number of nuclear plants in Europe and Japan.