Radiation Materials & Processes Market by Radiation Type (Acoustic Radiation, Electromagnetic Radiation, Particle Radiation), Material Type (Cesium, Cobalt, Ionizing Radiation), Composition, Application, End-User - Global Forecast 2024-2030

Radiation Materials & Processes Market by Radiation Type (Acoustic Radiation, Electromagnetic Radiation, Particle Radiation), Material Type (Cesium, Cobalt, Ionizing Radiation), Composition, Application, End-User - Global Forecast 2024-2030


The Radiation Materials & Processes Market size was estimated at USD 6.93 billion in 2023 and expected to reach USD 7.42 billion in 2024, at a CAGR 7.74% to reach USD 11.69 billion by 2030.

Global Radiation Materials & Processes MarketRadiation materials & processes is a field of study that involves using radiation to modify and improve materials and processes. This includes using radiation sources such as X-rays, gamma rays, protons, neutrons, and other particles to determine whether different materials react to radiation types. The type and energy of radiation emitted by radioactive materials depend on the specific radioactive isotope or material involved, which is essential to handle radioactive materials carefully and adhere to safety protocols to minimize exposure and potential risks associated with radiation. The increasing use of radioactive materials in power production and industrial processing and increased demand for scanners to diagnose and treat chronic diseases have raised the utilization of radiation materials. However, the shift in nuclear energy policies and the increasing use of alternatives for nuclear energy significantly impede the adoption of radiation materials. In addition, the surging utilization of drones for radiological mapping post a nuclear or radiological emergency and rising applications of radiation in nanotechnology are expected to create opportunities for market development.Regional InsightsThe radiation materials & processes market is highly evolving in the Americas owing to the growing focus on developing breakthrough radiation technologies for diagnosing diseases and the growing deployment of radiation detectors for homeland security & defense applications. Increasing research on developing new drugs and drug testing technologies and the rapid expansion of the food & beverage industry are accelerating the use of radiation materials & processes for sterilization in the APAC region. The rapid expansion of renewable power generation plants and supportive government initiatives to increase clean energy generation through nuclear power plants are expanding the use of radioactive materials to generate electricity. Moreover, the ongoing research to improve radiation processes, along with emerging applications of radiation materials & processes in exploring geological formations and oil and gas deposits, are expected to encourage the adoption of radiation materials & processes worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Radiation Materials & Processes Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Radiation Materials & Processes Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Radiation Materials & Processes Market, highlighting leading vendors and their innovative profiles. These include AMETEK, Inc., Amray Medical, Arktis Radiation Detectors Ltd., Baker Hughes Company, Berthold Technologies GmbH & Co.KG, Forensics Detectors, Gammadata Instrument AB, Hamamatsu Photonics K.K., Kromek Group PLC, LND, Incorporated, Luxium Solutions, Nordion (Canada) Inc., PerkinElmer Inc., QSA Global, Inc., RadComm Systems Corporation, ROSATOM State Atomic Energy Corporation, Société Bertin Technologies, Sterigenics U.S., LLC, STERIS, Thermo Fisher Scientific Inc., and TÜV SÜD South Asia.

Market Segmentation & Coverage



This research report categorizes the Radiation Materials & Processes Market to forecast the revenues and analyze trends in each of the following sub-markets:

Radiation Type
Acoustic Radiation
Electromagnetic Radiation
Particle Radiation
Material Type
Cesium
Cobalt
Ionizing Radiation
Plutonium
Radium
Radon
Strontium
Thorium
Uranium
Composition
Gas-Filled Detectors
Scintillator
Solid-State Detector
Application
Irradiation
Polymers Crosslinking
Radiolysis
Sterilization
End-User
Chemical
Energy & Power
Food & Beverage
Homeland Security & Defense
Medical & Healthcare
Plastic & Rubber Industry
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Radiation Materials & Processes Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Radiation Materials & Processes Market?
3. What are the technology trends and regulatory frameworks in the Radiation Materials & Processes Market?
4. What is the market share of the leading vendors in the Radiation Materials & Processes Market?
5. Which modes and strategic moves are suitable for entering the Radiation Materials & Processes Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Radiation Materials & Processes Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing use of radioactive materials in power production, industrial research and processing
5.1.1.2. Growing incidence of chronic diseases coupled with increased demand for scanner to diagnose and treat chronic diseases
5.1.1.3. Rising military expenditure for homeland security & defense
5.1.2. Restraints
5.1.2.1. Shift in nuclear energy policies and increased nuclear phase out
5.1.3. Opportunities
5.1.3.1. Surging utilization of drones for radiological mapping following a nuclear or radiological emergency
5.1.3.2. Emerging applications of radiation in nanotechnology
5.1.4. Challenges
5.1.4.1. Increasing use of alternatives for nuclear energy globally
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Radiation Materials & Processes Market, by Radiation Type
6.1. Introduction
6.2. Acoustic Radiation
6.3. Electromagnetic Radiation
6.4. Particle Radiation
7. Radiation Materials & Processes Market, by Material Type
7.1. Introduction
7.2. Cesium
7.3. Cobalt
7.4. Ionizing Radiation
7.5. Plutonium
7.6. Radium
7.7. Radon
7.8. Strontium
7.9. Thorium
7.10. Uranium
8. Radiation Materials & Processes Market, by Composition
8.1. Introduction
8.2. Gas-Filled Detectors
8.3. Scintillator
8.4. Solid-State Detector
9. Radiation Materials & Processes Market, by Application
9.1. Introduction
9.2. Irradiation
9.3. Polymers Crosslinking
9.4. Radiolysis
9.5. Sterilization
10. Radiation Materials & Processes Market, by End-User
10.1. Introduction
10.2. Chemical
10.3. Energy & Power
10.4. Food & Beverage
10.5. Homeland Security & Defense
10.6. Medical & Healthcare
10.7. Plastic & Rubber Industry
11. Americas Radiation Materials & Processes Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Radiation Materials & Processes Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Radiation Materials & Processes Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
14.3.1. Merger & Acquisition
14.3.1.1. GE HealthCare Announces First Acquisition as Independent Company
14.3.1.2. Corning Acquires Saint-Gobain’s Shielding and Optics Business Unit
14.3.1.3. Trivitron Healthcare Buys The Kennedy Co.
14.3.2. Agreement, Collaboration, & Partnership
14.3.2.1. ATCC Announces Participation with Areté on IARPA Contract to Develop New Methods for Identifying Low-Dose Radiation Exposure
14.3.2.2. CERN, CHUV and THERYQ Join Forces for a World First in Cancer Radiotherapy
14.3.2.3. GE Healthcare, Elekta Partner to Provide Access to Radiation Therapy
14.3.3. New Product Launch & Enhancement
14.3.3.1. China and France Prepare to Launch Satellite to Hunt for Gamma-Ray Bursts
14.3.3.2. Tetra Pak Launches Ground Breaking Synchrotron Radiation Research for Fiber-Based F&B Packaging
14.3.4. Investment & Funding
14.3.4.1. USD 2.25 Million Grant Launches New Chapter for UT Materials Research
14.3.4.2. SkyWater Awarded USD 99 Million for Rad-Hard Qualification
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. AMETEK, Inc.
15.1.2. Amray Medical
15.1.3. Arktis Radiation Detectors Ltd.
15.1.4. Baker Hughes Company
15.1.5. Berthold Technologies GmbH & Co.KG
15.1.6. Forensics Detectors
15.1.7. Gammadata Instrument AB
15.1.8. Hamamatsu Photonics K.K.
15.1.9. Kromek Group PLC
15.1.10. LND, Incorporated
15.1.11. Luxium Solutions
15.1.12. Nordion (Canada) Inc.
15.1.13. PerkinElmer Inc.
15.1.14. QSA Global, Inc.
15.1.15. RadComm Systems Corporation
15.1.16. ROSATOM State Atomic Energy Corporation
15.1.17. Société Bertin Technologies
15.1.18. Sterigenics U.S., LLC
15.1.19. STERIS
15.1.20. Thermo Fisher Scientific Inc.
15.1.21. TÜV SÜD South Asia
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. RADIATION MATERIALS & PROCESSES MARKET RESEARCH PROCESS
FIGURE 2. RADIATION MATERIALS & PROCESSES MARKET SIZE, 2023 VS 2030
FIGURE 3. RADIATION MATERIALS & PROCESSES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. RADIATION MATERIALS & PROCESSES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. RADIATION MATERIALS & PROCESSES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. RADIATION MATERIALS & PROCESSES MARKET DYNAMICS
FIGURE 7. RADIATION MATERIALS & PROCESSES MARKET SIZE, BY RADIATION TYPE, 2023 VS 2030 (%)
FIGURE 8. RADIATION MATERIALS & PROCESSES MARKET SIZE, BY RADIATION TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. RADIATION MATERIALS & PROCESSES MARKET SIZE, BY MATERIAL TYPE, 2023 VS 2030 (%)
FIGURE 10. RADIATION MATERIALS & PROCESSES MARKET SIZE, BY MATERIAL TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. RADIATION MATERIALS & PROCESSES MARKET SIZE, BY COMPOSITION, 2023 VS 2030 (%)
FIGURE 12. RADIATION MATERIALS & PROCESSES MARKET SIZE, BY COMPOSITION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. RADIATION MATERIALS & PROCESSES MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 14. RADIATION MATERIALS & PROCESSES MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. RADIATION MATERIALS & PROCESSES MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 16. RADIATION MATERIALS & PROCESSES MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS RADIATION MATERIALS & PROCESSES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS RADIATION MATERIALS & PROCESSES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES RADIATION MATERIALS & PROCESSES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES RADIATION MATERIALS & PROCESSES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC RADIATION MATERIALS & PROCESSES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC RADIATION MATERIALS & PROCESSES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA RADIATION MATERIALS & PROCESSES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA RADIATION MATERIALS & PROCESSES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. RADIATION MATERIALS & PROCESSES MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 26. RADIATION MATERIALS & PROCESSES MARKET SHARE, BY KEY PLAYER, 2023

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings