Global Ceramic Scintillator Materials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ceramic Scintillator Materials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ceramic scintillators convert the energy in ionizing radiation (X-rays, gamma-rays, particles, and neutrons) into light. The light is measured by coupling the scintillator to an optical detector such as a photomultiplier tube, an Avalanche Photodiode (APD) or a Solid State Photodiode (SSPD). Ceramic scintillator Materials are used for various application including CT scanners, security devices and nondestructive testing.

Market Overview:

The latest research study on the global Ceramic Scintillator Materials market finds that the global Ceramic Scintillator Materials market reached a value of USD 155.75 million in 2022. It’s expected that the market will achieve USD 219.31 million by 2028, exhibiting a CAGR of 5.87% during the forecast period.

Market Drivers and Impact

With the rapid development of economy, the industry and manufacturing industry in APAC have developed rapidly. Although the proportion of manufacturing in Japan's GDP has declined in the past few decades, Japan still has a very large manufacturing base. In addition, Japanese manufacturers have extensive global contacts, especially in Southeast Asia, and many of them have a large number of businesses in Thailand and other countries. Products made in Japan are renowned for their high quality, durability and precision. Manufacturers in Ceramic Scintillator Materials industry both come from Japan. Asia-Pacific region is the largest production market in the world.

Market Challenges

and Impact
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages. For the Ceramic Scintillator Materials industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

Hitachi Metals is one of the major players operating in the Ceramic Scintillator Materials market, holding a share of 65.72% in 2022.

In its more than 100-year history, Hitachi Metals has continued to grow by integrating diverse human resources, technologies, and products. On April 28, 2021, Hitachi Metals, Ltd. (hereinafter, “the Company”) announced that it would support the tender offer made for the Company’s shares by a business consortium led by Bain Capital (hereinafter, “the New Partner”).

Hitachi Metals Ltd is a Japan-based company that operates through four segments. The High-Grade Metal Products and Materials segment produces specialty steel, rolls, amorphous metals and cutting tools. The Magnetic Materials and Applications segment produces magnets, soft ferrite, other soft magnetic materials and others. The High-Grade Functional Components and Equipment segment produces casting components, piping components and construction components. The Wires, Cables and Related Products segment produces electric wires and cables, automotive products and information systems. Infrastructure, automobiles and electronics are the target sectors of the company's products.

Business include development, manufacturing and sales of fine ceramics, phosphor applied products, high-purity metals, magnetic parts, tungsten and molybdenum, special metals and alloys, and other application products.

Looking forward, Toshiba Materials will aim to contribute to realization of the United Nations Sustainable Development Goals (SDGs) by 2030, through supply of products for automobile, semiconductor, aircraft, industrial machinery, healthcare, and other applications.

Segmentation Overview:

Among different product types, 2D Type segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the CT Scanners segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Ceramic Scintillator Materials market covered in Chapter 3:

Toshiba Materials
Hitachi Metals

In Chapter 4 and Chapter 14.2, on the basis of types, the Ceramic Scintillator Materials market from 2018 to 2029 is primarily split into:

1D Type
2D Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ceramic Scintillator Materials market from 2018 to 2029 covers:

CT Scanners
Security Devices
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)