img

Global Industrial Radiation Shielding Glass Market Size By Type of Radiation Shielded, By Application, By Thickness, By Geographic Scope And Forecast


Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Industrial Radiation Shielding Glass Market Size By Type of Radiation Shielded, By Application, By Thickness, By Geographic Scope And Forecast

Industrial Radiation Shielding Glass Market Size And Forecast

Industrial Radiation Shielding Glass Market size was valued at USD 702.8 Million in 2023 and is projected to reach USD 1480 Million by 2030, growing at a CAGR of 9.5% during the forecast period 2024-2030.

Global Industrial Radiation Shielding Glass Market Drivers

The market drivers for the Industrial Radiation Shielding Glass Market can be influenced by various factors. These may include

  • Growing Need for Solutions to Radiation Shielding Effective radiation shielding materials, like glass, are in high demand due to the growing usage of radiation in diverse industrial applications, including medical imaging, nuclear power generation, aerospace, and industrial inspection. Reliable radiation protection methods are required in tandem with industry expansion to guarantee worker safety and avoid radiation exposure.
  • Strict Safety Standards and Regulations In businesses where radiation exposure is a problem, the use of radiation shielding materials is mandated by strict government laws and safety requirements. The usage of radiation shielding glass in locations where radiation sources are employed is influenced by adherence to rules like those established by the Nuclear Regulatory Commission (NRC) in the US and other organisations of a similar nature around the world.
  • Technological Developments in Radiation Shielding Radiation shielding glass technology is continuously improved by ongoing materials science and engineering research and development initiatives. The market is growing as a result of innovations including high-density borosilicate glasses, leaded glass compositions, and laminated glass constructions, which improve radiation attenuation qualities without sacrificing optical clarity or durability.
  • Growing Knowledge of Radiation Risks Industries are investing in radiation shielding technologies to safeguard workers, patients, and the environment as a result of growing knowledge of the health concerns connected with radiation exposure. Radiation shielding glass is in great demand for a variety of applications due to education campaigns, training programmes, and public awareness activities that emphasise the significance of radiation safety.
  • Infrastructure for Healthcare Expansion Radiation treatment devices, computed tomography (CT) scanners, and X-ray machines are among the medical imaging equipment that is in high demand due to the growth of the healthcare infrastructure, especially in emerging nations. The necessity for radiation shielding glass to control and mitigate radiation exposure grows as hospitals and diagnostic centres multiply, driving the market’s expansion.
  • Growing Non-Destructive Testing (NDT) Adoption For quality assurance and flaw detection, non-destructive testing (NDT) methods including computed tomography, radiography, and ultrasonics are frequently utilised in the manufacturing, construction, and aerospace industries. Radiation shielding glass is in high demand in facilities that use NDT procedures due to its increasing popularity.
  • Rapid Infrastructure Development and Industrialization Radiation shielding glass is in high demand during construction projects due to the world’s fast industrialization, urbanisation, and infrastructure development. This is especially true for radiation-intensive institutions like nuclear power plants, research labs, and industrial testing facilities. Opportunities for market expansion are created by the rise of these industries.
  • Growing Radiation Therapy Utilisation in Cancer Treatment Radiation shielding materials are essential in radiation therapy centres and oncology clinics due to the rising incidence of cancer and the growing usage of radiotherapy as a treatment technique. For the safety of patients, medical personnel, and onlookers, radiation shielding glass is required when building treatment rooms, control areas, and observation spaces.
  • Technological Developments in the Glass Industry Innovations in glass manufacturing procedures, such as fusion processes, coating techniques, and float glass production, allow for the creation of radiation shielding glass with precise features and specifications. These developments stimulate demand in the industry by making it easier to create customised solutions for a range of industrial applications.
  • Emphasis on Safety and Occupational Health Investments in radiation shielding measures are driven by the growing emphasis on occupational health and safety in sectors including nuclear energy, aircraft, and industrial production. As a result of employers placing a high priority on radiation protection and worker safety, radiation shielding glass has become an essential part of workplace safety programmes.

Global Industrial Radiation Shielding Glass Market Restraints

Several factors can act as restraints or challenges for the Industrial Radiation Shielding Glass Market. These may include

  • Exorbitant Cost of Cutting-Edge Materials The production of advanced radiation shielding glass materials, like borosilicate glasses with particular radiation attenuation qualities or leaded glass compositions, can be costly. Some end users, especially small and medium-sized firms (SMEs) or organisations with limited budgets, may not be able to acquire radiation shielding glass due to the high cost of raw materials, production procedures, and specialised manufacturing equipment.
  • Difficult Retrofitting and Installation Problems It can be difficult and time-consuming to integrate radiation shielding technologies into new construction projects or retrofit existing buildings with radiation shielding glass. Adoption of radiation shielding glass may be hampered by issues including structural alterations, space limitations, and compatibility with current infrastructure, particularly in older buildings or retrofitting circumstances where installation issues occur.
  • Requirements for Regulatory Compliance and Certification Manufacturers and end users may encounter difficulties adhering to strict regulatory standards and certification criteria for radiation shielding materials. Product development and deployment may need to be delayed and more expensively structured in order to comply with the regulatory requirements set by international organisations like the International Atomic Energy Agency (IAEA) or government agencies like the Nuclear Regulatory Commission (NRC). These requirements may involve extensive testing, documentation, and certification processes.
  • Low Level of Education and Awareness There could still be misconceptions about radiation shielding techniques and remedies, even with the increased awareness of radiation threats across a range of industries. Stakeholders such as facility managers, engineers, architects, and safety experts may not be fully aware of the uses and advantages of radiation shielding glass, which could restrict market expansion.
  • Perception of Health Risks and Occupational Hazards Certain end users may undervalue the significance of radiation shielding measures or think they are superfluous costs, especially in industries where radiation exposure is a necessary part of operations. Reluctance to purchase radiation shielding glass solutions may result from misunderstandings or a lack of knowledge on the possible health risks connected to radiation exposure, even in the face of legislative requirements.
  • Alternative Technologies for Radiation Shielding In some situations, radiation shielding glass may face competition from other radiation shielding technologies, such as lead-lined walls, concrete barriers, or radiation-blocking drapes. Radiation shielding glass’s commercial potential may be limited if end users choose for alternative options due to considerations like affordability, simplicity of installation, or certain performance requirements.
  • Concerns about the environment and sustainability Because of the possibility of lead contamination or ecological effects, some radiation shielding materials, such lead-based glasses or coatings, may raise questions about sustainability and the environment. The demand for conventional radiation shielding glass goods may be impacted by organisations’ increased focus on environmental stewardship and sustainability practices, which may lead them to look for alternative materials or radiation shielding techniques that leave fewer environmental footprints.
  • Technological Restrictions and Trade-offs in Performance Radiation shielding glass technology has advanced, but there may still be certain performance trade-offs or restrictions, especially when it comes to optical clarity, thickness, weight, or flexibility. It can be difficult for manufacturers to balance radiation attenuation qualities with other desired qualities like mechanical strength, transparency, or thermal insulation. This might have an impact on end-user adoption and acceptance.
  • Competition and Market Fragmentation The market for industrial radiation shielding glass may encounter difficulties due to fierce rivalry among manufacturers and suppliers and market fragmentation. The dynamics of the market may be impacted by price pressure, commoditization, and margin erosion due to the abundance of competitors providing a broad range of radiation shielding solutions, such as glass goods, composite materials, and modular shielding systems.
  • Economic Volatility and Periodic Sectors Investment choices and capital expenditure budgets for radiation shielding projects may be influenced by cyclical demand patterns, economic volatility, and uncertainties in critical end-user industries like nuclear power production, aerospace, or healthcare. The stability and growth prospects of the radiation shielding glass supplier market could be impacted by fluctuations in material prices, geopolitical events, or regulatory modifications.

Global Industrial Radiation Shielding Glass Market Segmentation Analysis

The Global Industrial Radiation Shielding Glass Market is Segmented on the basis of Type of Radiation Shielded, Application, Thickness And Geography.

Industrial Radiation Shielding Glass Market, By Type of Radiation Shielded

  • X-ray Shielding Glass ray shielding glass is used in non-destructive testing, industrial radiography, and medical settings (such as X-ray rooms and dentistry clinics).
  • Gamma Ray Shielding Glass Glass for shielding against gamma radiation is frequently used in hot cells, radioisotope applications, and nuclear power plants.
  • Neutron Shielding Glass In nuclear facilities and research applications, neutron shielding glass provides protection against neutron radiation.
  • Multipurpose shielding glass Offers comprehensive defence against a range of radiation kinds for a variety of applications.

Industrial Radiation Shielding Glass Market, By Application

  • Medical & Healthcare Protecting patients and staff in nuclear medical centres, radiology departments, and research labs.
  • Nuclear Power Safeguarding personnel and machinery in nuclear power plants and waste disposal sites.
  • Industrial Applications Particle accelerators, research labs, and non-destructive testing in radiography are some examples of industrial applications.
  • Security & Defense Protection against radiation risks in border control, security screening, and military applications is known as security and defence.
  • Research & Development Applicable in labs handling different kinds of radiation.

Industrial Radiation Shielding Glass Market, By Thickness

  • Under 5.0 mm Usually utilised for moderately shielded X-ray applications.
  • 5mm-10mm 5–10 mm is a common range for a number of industrial and medicinal uses.
  • 10mm–20mm Provides more protection against sources of higher intensity radiation.
  • Above 20 mm Applied in harsh settings such as nuclear power plants and high-security areas.

Industrial Radiation Shielding Glass Market, By Geography

  • North America Market conditions and demand in the United States, Canada, and Mexico.
  • Europe Analysis of the Industrial Radiation Shielding Glass Market in European countries.
  • Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa Examining market dynamics in the Middle East and African regions.
  • Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Industrial Radiation Shielding Glass Market are

  • Corning
  • Saint-Gobain
  • NSG Group
  • AGC Inc.
  • Schott AG
  • Hilger Crystals
  • Gama-Shielding Products
  • Mirion Technologies
  • Applied Radiation Protection & Control
  • Jiujiang Sanhu Glass Co., Ltd

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Corning, Saint-Gobain, NSG Group, AGC Inc., Schott AG, Hilger Crystals, Gama-Shielding Products, Mirion Technologies, Applied Radiation Protection & Control, Jiujiang Sanhu Glass Co., Ltd

SEGMENTS COVERED

By Type of Radiation Shielded, By Application, By Thickness, By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as a future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )