Radiation Processing Market - Overview
Radiation processing is the usage of the energy with small wavelength radiations of the electromagnetic spectrum recognized known as ionizing radiations, which includes X-rays, accelerated electrons, and gamma rays to have anticipated effect on the product. The radiation processing is extensively used for industrial applications such as decontamination/ sterilization of pharmaceutical products and crosslinking of wires and cables. The application type is determined by the energy of the electron beam, as the penetration power of the electron is restricted by the energy. The radiation processing technology has received more consideration in protecting the environment by various means such as, denitrification and desulfurization of flue gas, harmless treatment of organic waste. Furthermore, treatment of wastewater sludge, with the enhancement of environmental awareness is also achieved by radiation processing. Radiation processing technology is mainly used in the development and application of engineering materials. They can be used in severe environments such as nuclear power aviation and aerospace.
Radiation Processing Market – Key Trends
The radiation processing facilities are of two types which includes gamma-based, which is radioactive source based Gamma Radiation Processing Facility (GRAPF) and accelerator based, Industrial Accelerator Radiation Processing Facility (IARPF). GRAPF is primarily used in wood polymerization and rubber vulcanization. It is also used to preserve food products and sterilize health care products. IARPF is used for radiation processing cross-linking of cables, healthcare products and food items.
The radiation processing technology is used to process materials by crosslinking, curing, or grafting at a competitive cost. This helps reduce the company’s expenses. This processing is used in various industries such as health care, public sector, utilities, and manufacturing. This, in turn, increases the demand for this technology and drives the market. Radiation processing technology is extensive employed in the health care industry to sterilize health care products and in the Fast Moving Consumer Goods (FMCG) industry to preserve food. Radiation processing of food is an efficient process that does not leave any residue of the food and keeps the food products fresh for a longer period thus, increasing the adoption of radiation processing in the food industry. This, in turn, drives the radiation processing market. However, regular consumption of irradiation of food products can lead to health problems in humans and animals. Chromosome abnormalities, rare cancers, and premature deaths can occur due to excessive consumption of irradiated food products. These factors are likely to inhibit the market during the forecast period.
Radiation Processing Market - Segmentation
The global radiation processing market can be segmented based on application, product spectrum, enterprise size, end-user, and region. In terms of application, the radiation processing market can be classified into polymers, nanotechnology, sterilization, food irradiation, and pollution control. Based on product spectrum, the radiation processing market can be bifurcated into radioisotope and electronic accelerator. In terms of end-user, the radiation processing market can be segregated into small enterprises, medium enterprises, and large enterprises. Based on end-user, the radiation processing market can be divided into medical industry, food industry, industrial, scientific research, public sector, and utilities.
In terms of region, the global radiation processing market can be segmented into North America (NA), South America (SA), Europe (EU), Middle East and Africa (MEA), Asia Pacific (APAC). The radiation processing market is projected to expand at a considerable pace in APAC due to the increase in its adoption in small and medium enterprises (SMEs), as this technology reduces manufacturing cost of products. This region has a large number of SMEs. North America is expected to account for a dominant share of the radiation processing market due to technological advancements in this region. Use radiation processing technology in MEA is projected to rise during the forecast period. Furthermore, adoption of radiation processing technology in the utilities industry is anticipated to rise in Europe due to the growth in the oil & gas industry in this region.
Radiation Processing Market – Key Players
Key players operating in the radiation processing market include IBA, WASIK ASSOCIATES, Jiangsu Dasheng Electron Accelerator, Iotdron Industries, Inc., VIVIRAD GROUP, Sterigenics U.S., LLC, STERIS, plc., and EL Point.
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