Scintillator Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2017 To 2025

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The market is poised for growth owing to growing demand for low-cost and high performance scintillators along with rising concerns for safety in wake of the Fukushima disaster. Growing demand for existing and new radiological medical applications coupled with investments in radiation monitoring equipment with respect to homeland security is further expected to drive market growth over the next few years. In addition, high degree of customization and high efficiency of these scintillators are also anticipated to be the major factors driving demand in this market. Asia Pacific is expected to emerge as a promising and fastest growing market for scintillators owing to favorable government policies, increased government R&D spending, high industrial growth, and the increasing number of upcoming nuclear reactors in this region. However, North America is anticipated to dominate the market owing to the growing security concerns and increasing nuclear threats.