Glass Scintillator Market Revenue, Future Growth, Business Prospects and Forecast to 2029
Posted on Apr 14 2022 7:51 AM
"Companies Covered in the glass scintillator market Research Report are Saint-Gobain Ceramics & Plastics, Inc., Albemarle Corporation, Amcrys, Collimated Hole Inc, Dynasil Corporation, Epic Cystal Co. Ltd, Food Machinery Corporation Ltd, Gee Bee International, Hamamatsu Photonics, Hitachi Metal Ltd, Nihon Kessho Kogaku Ltd, and Rexon Component Tld System Inc.
The global glass scintillator market is set to gain momentum from its increasing availability in various forms, such as powder, cylinder, discs, and rectangles. This information is published by Fortune Business Insights™ in an upcoming report, The report further states that glass scintillators are capable of performing under harsh conditions, namely, extreme pressure or temperature. Thus, it is extensively utilized in nuclear power plants and the oil & gas industry.
Drivers & Restraints-
Need to Gather Reliable Data & Save Costs will Propel Growth
The increasing usage of glass scintillators in the oil and gas industry is a major factor anticipated to boost growth in the coming years. The product is used to gather data amid the measurement-while-drilling (MWD) technology. It is beneficial for directional and horizontal drilling of wells. Glass scintillators aid in reducing the turnaround time for drilling, as well as provide authentic data, thereby saving costs. Apart from that, glass scintillators can perform under extreme conditions of magnetic fields, humidity, and temperature. It would also contribute to the overall glass scintillator market growth. However, there is a lack of highly-skilled workforce to operate the detectors. It may hamper growth.
A list of all the renowned glass scintillator manufacturers operating in the global market:
Saint-Gobain Ceramics & Plastics, Inc.
Collimated Hole Inc.
Epic Cystal Co. Ltd.
Food Machinery Corporation Ltd.
Gee Bee International
Hitachi Metal Ltd.
Nihon Kessho Kogaku Ltd.
Rexon Component Tld System Inc.
Other prominent key companies
Increasing Demand from Nuclear Power Plants to Drive Growth in Europe
Geographically, North America is set to generate the highest glass scintillator market share in the near future. This growth is attributable to the increasing demand for the product from the oil & gas industry. Also, the surging shale oil exploration activities in the region, coupled with the usage of innovative technologies, such as logging- while-drilling (LWD) would aid growth.
Asia Pacific, on the other hand, is expected to retain its second position throughout the forthcoming years backed by the major contributions of China and India. In Europe, the rising usage of glass scintillators in several nuclear power plants would bolster growth. The demand is the highest from Germany, Spain, and Italy. Lastly, the increasing utilization of depleted and natural lithium would help The Middle East & Africa to grow considerably.
The report offers detailed analysis of leading companies in the market across the globe.
It provides details of the major vendors involved in this market
A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
Key Players Focus on Research & Development Activities to Create Novel Products
The market for glass scintillators includes a large number of companies striving to gain a competitive edge. They are mainly engaging in in-depth research and development activities to create novel products for fulfilling the high demand. Below is a recent industry development:
February 2020: Researchers at the Paoli-Calmettes Institute and Aix-Marseille University developed a new device that is less susceptible to the noise of the detector from Cherenkov radiation. The optical fiber having an inorganic scintillator makes it effective for small-field radiotherapy.
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –