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Radiation Shielding Materials Market: Introduction

  • Radiation shielding can minimize the effect of radiation by blocking particles through a barrier material. Radiation shielding is a process of directing the effects and level of entrance of radioactive beams, according to the type of radiation involved.
  • Radiation protection or radiation shielding is defined by the International Atomic Energy Agency (IAEA) as protection of people from harmful effects of exposure to ionizing radiation
  • Shielding reduces the intensity of radiation depending on the thickness. The effectiveness of shielding depends on the preventing power of radiation particles, which varies with the type and energy of radiation and the shielding material used.

Key Drivers of Radiation Shielding Materials Market

  • Preservation of human safety and structural materials that may be compromised from radiation exposure is a key characteristic of radiation shielding materials
  • Increase in usage of nuclear energy, rise in usage of radiation therapy, and growth in usage of nuclear medicines are expected to propel the radiation shielding materials market during forecast period
  • High cost associated with radiation shielding equipment is anticipated to hamper the market to some extent in the near future. However, strengthening of regulations and improvement of healthcare infrastructure in emerging countries are likely to create lucrative opportunities for the radiation shielding materials market in the near future.

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Radiation Shielding Materials Market: Product Segments

  • Based on product, the global radiation shielding materials market can be divided into ceramicrete, plexiglas, depleted uranium, tin, antimony, tungsten, bismuth, lead, rubber, PVC, and others
  • Lead is a common choice for usage in fabricating radiation shielding products. Lead is fabricated into different product forms such as lead glass, lead bricks, and lead wools to provide radiation shielding and protection.

Radiation Shielding Materials Market: Radiation Type Segment

  • Based on radiation type, the global radiation shielding materials market can be classified into electromagnetic radiation, particle radiation, acoustic radiation, and gravitational radiation
  • Variants of electromagnetic radiation include radio waves, microwaves, infrared, visible light, ultraviolet, x-rays, and gamma radiation
  • Most prevalent types of particle radiation include alpha radiation, beta radiation, and neutron radiation. Variants of acoustic radiation include ultrasound, sound, and seismic waves.
  • Thermal conductivity is an essential factor in selection of a suitable material for shielding against different types of radiations. Consideration for secondary radiation effects from the shield material itself is another crucial factor. Other parameters include acquisition cost, fabrication methods, weight, transportation costs, installation costs, waste involved, and ultimate scrap value of the material.

Radiation Shielding Materials Market: End-use Segments

  • Based on end-use, the global radiation shielding materials market can be segregated into diagnostic centers, hospitals, oncology department, nuclear energy plant, radiography centers, and others
  • Upward trend in health care spending across the globe, rise in number of diagnostic imaging centers, and increase in awareness about safety among the population are expected to drive the demand for radiation shielding materials in the near future

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Asia Pacific to be Key Region of Global Radiation Shielding Materials Market

  • In terms of region, the global radiation shielding materials market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is anticipated to lead the radiation shielding materials market due to rise in adoption of radiation therapy, increase in number of hospitals, and surge in awareness about radiation safety in countries such as India and China

Key Manufacturers Operating in Market

The global radiation shielding materials market was highly fragmented in 2018. Key manufacturers operating in the global market include:

  • ETS-Lindgren
  • Marshield Radiation Shielding
  • Nelco Inc.
  • Ray-Bar Engineering Corp.
  • Spira Manufacturing
  • Sealing Devices Inc.
  • Select Fabricators Inc.
  • Amray Radiation Protection
  • Gaven Industries Inc.
  • A&L Shielding

Global Radiation Shielding Materials Market: Research Scope

Global Radiation Shielding Materials Market, by Product

  • Ceramicrete
  • Plexiglas
  • Depleted Uranium
  • Tin
  • Antimony
  • Tungsten
  • Bismuth
  • Lead
  • Rubber
  • PVC
  • Others

Global Radiation Shielding Materials Market, by Radiation Type

  • Electromagnetic Radiation
  • Particle Radiation
  • Acoustic Radiation
  • Gravitational Radiation

Global Radiation Shielding Materials Market, by End-use

  • Diagnostic Centers
  • Hospitals
  • Oncology Departments
  • Nuclear Energy Plants
  • Radiography Centers
  • Others

Global Radiation Shielding Materials Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Radiation Shielding Materials Market