The inorganic scintillators market is projected to reach USD 330.7 Million by 2021 from USD 256.1 Million in 2016, at a CAGR of 5.2% in the next five years (2016 to 2021). The growth of the overall market can be attributed to growing safety concerns post the Fukushima disaster, growing security threats, growing security budgets of global sporting events, increasing incidence of cancer, growth in the number of PET/CT scans, and growing threat of nuclear terrorism.

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In the coming years, the inorganic scintillators market is expected to witness the highest growth in the Asia-Pacific region. This can be attributed to high spending on homeland security in Asia, Japan’s decision to continue with the use of nuclear power, high growth expected in China’s nuclear power industry, presence of global and local players in the Chinese market, increasing number of nuclear power plants in India, and increasing installations of nuclear imaging systems in India.

North America is expected to account for the largest share of the global inorganic scintillators market. This can be attributed to the increasing prevalence of cancer, rising adoption of nuclear imaging systems, government initiatives and increase in the number of nuclear power plants in the U.S., growing security concerns, and rising number of conferences.

The sodium iodide (NaI) segment is expected to account for the largest share of the inorganic scintillators market, by scintillation material, in 2016. This is attributed to factors such as rising application horizon of sodium iodide, rise in homeland security expenditure to combat terrorism worldwide, and increasing number of nuclear power plants. However, the lutetium oxyorthosilicate (LSO) & lutetium-yttrium oxyorthosilicate (LYSO) segment is expected to grow at the highest CAGR during the forecast period (2016-2021). This is mainly due to its benefits over other scintillators, increasing research activities in the field of high-energy and nuclear physics, and rising demand for PET scanners worldwide. Due to distinguished properties of LSO and LYSO, especially their higher light output and short decay time as compared to BGO, they can potentially replace BGO in many applications.

Saint Gobain S.A. (France), Hamamatsu Photonics K.K. (Japan), Dynasil Corporation of America (U.S.), Hitachi Metals Group (Japan), Rexon Components, Inc. (U.S.), Detec (Canada), Toshiba Materials Co., Ltd. (Japan), Scintacor (U.K.), EPIC Crystal Company Limited (China), Amcrys (Ukraine), Alpha Spectra, Inc. (U.S.), Shanghai SICCAS High Technology Corporation (China), and Nihon Kessho Kogaku Co., Ltd. (Japan) are some of the key players in the inorganic scintillators market worldwide.

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