Glass Scintillators Market Size Forecast to Reach $29.6 Billion by 2026

Glass Scintillators Market Size Forecast to Reach $29.6 Billion by 2026

“Glass Scintillators Market”
Growing Popularity for Solar Energy in Village Area, Is Likely to Aid in the Growth of Glass Scintillators Market.

Glass scintillators market is forecast to reach $29.6 billion by 2026, after growing at a CAGR of 4% during 2021-2026. Scintillators are materials that are able to convert high-energy radiation such as X or rays to visible light. Detectors based on scintillators (such as electronic light sensor) are essentially composed of a scintillator material, and a photomultiplier tube (PMT) or a photodiode. The role of the photodetector is to convert the receiving light of the scintillator to an electrical signal. So, with rising demand for solar panels and other electrical components, the glass scintillators market is expected to grow. It also works as alternatives for single crystal scintillators, owing to this the demand for glass scintillators is increasing as they can be fabricated to small sizes. Whereas growing stringent government regulations will further enhance the overall market demand for Glass scintillators during the forecast period.

COVID Impact

The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world were completely lockdown due to this pandemic. Imposed lockdowns due to the COVID-19 pandemic have created challenges for the solar industry such as shortage of manpower, adherence to social distancing, lack of parts and equipment and discerning expenditure by users. Therefore, this has declined the market growth for glass scintillators.

Glass scintillators Market Segment Analysis – By Forms

Rectangular segment holds the largest share in the Glass scintillators market in the year 2020 and is expected to grow at a CAGR of 3.6% during the forecast period. Rectangular scintillators are used in a large area, as neutron imaging method with WLS fibers. In which rectangular scintillators are arranged at longitudinal direction and transverse direction on the rectangular area and WLS fibers are attached along four sides of these scintillators. The luminescence shifted by the WLS fibers are detected by multi-channel photomultipliers. The incidence positions of the neutron in X axis and Y axis are decided by coincidence of two signals that are detected by WLS fibers put at mutual sides of the rectangular scintillator, respectively. So, with the rise in demand for rectangular scintillators, the overall market demand for glass scintillator will grow.

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Glass scintillators Market Segment Analysis – By Application

Oil & Gas exploration holds the largest share in the glass scintillators market in the year 2020 and is expected to grow at a CAGR of 4.3% during the forecast period. Ruggedized detectors are designed and built for the increasingly demanding drilling and well logging applications for oil and gas exploration. These includes natural and activated gamma detection for measurement while drilling (MWD), logging while drilling (LWD) and wireline logging. These detectors can with-held at harsh environmental condition, scintillators which is used in these detectors becomes much important as they can stand upto 225 °C and helps in detecting the radiation. So, owing to these advantages the demand for detectors are increasing in oil & gas production and hence the glass scintillators market will grow.

Glass scintillators Market Segment Analysis – By Geography

North America has dominated the glass scintillators market in the year 2020 and is expected to grow at a CAGR of 4.1% during the forecast period, owing to the growing demand from oil & gas for detectors. North America has produced almost 25 million oil per day in the year 2020, according to the British Petroleum (BP) Plc. So, the growing oil production in this region will drive the demand for detectors and hence the glass scintillators market will grow. Whereas growing research and investments towards solar energy will drive the demand for glass scintillators in this region.

Glass Scintillators Market Drivers

Growing demand in Solar Industry

Scintillators were used in photovoltaic cell, in the process to convert the solar energy into electrical energy. The modern solar cell is likely an image most people would recognise – they are in the panels installed on houses and in calculators. According to IRENA (International Renewable Energy Agency), the solar cells installed capacity has increased from 480,984 MW in 2018 to 578,553 MW in 2019.

Implementation of Stringent Environment Regulations

Governments globally are focusing on the green revolution. So, in a manner to support the use of renewable energy, governments around the world are making polices or launching schemes. In India under the national solar scheme, Indian government targets to install 100 GW capacity for solar electricity till 2022.

Glass Scintillators Market Challenges

Hygroscopicity

A problem in some scintillators, is their hygroscopicity, a property which requires them to be housed in an airtight container to protect them from moisture. Otherwise the moisture can restrain the lifetime of the detectors or other application of the scintillators. Hence this may led to destroy the detector. Thus this has declined the market growth for glass scintillators.

Glass Scintillators Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Glass scintillators market. Major players in the Glass scintillators Market are 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, Rexon Component Tld System Inc among others.

Acquisitions/Technology Launches

In August 2019, Dynasil Corporation of America (the “Company”), a developer and manufacturer of optics and photonics products, optical detection and analysis technology and components for the homeland security, industrial, medical, and biotech markets.

Key Takeaways

North America has a significant growth on the glass scintillators market owing to increasing demand from applications such as neutron spectrometry, neutron scattering and others.

The growing popularity for solar energy in village area, is likely to aid in the market growth of Glass scintillators

Implementation of governments stringent regulations towards solar energy is expected to drive the market for glass scintillators.

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