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Radiation Shielding Glass Market By Type (Small Patrol Boats, Medium Patrol Boats, Large Patrol Boats) By Application (Military, Police Patrol, Rescue) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global radiation shielding glass market report examines a vital analysis of the radiation shielding glass industry based on key parameters. The report consists of investment strategies, the necessity of investing in the radiation shielding glass industry, and the multiple benefits it brings to investors. Importantly, the report presents the major changes in global technical regulations impacting the radiation shielding glass industry, explaining how economic and non-economic barriers support the growth of the radiation shielding glass market. In addition, this report analyzes historical and forecast market size at the global, regional, and country levels. The report also provides a comprehensive analysis of key investment propositions, demand-supply gap, competitor positioning, STAR analysis, SRC analysis and Tornado analysis. Key technology developments and other analyses include Porter's Five Forces Analysis, PESTEL Analysis, Value Chain Analysis, among others.

REPORT ATTRIBUTE DETAILS

Radiation Shielding Glass Market by Volume

Yes

Market by Value

Yes

Market, Tornado Analysis

Yes

Market, STAR Analysis

Yes

Market, SRC Analysis

Yes

Market, Import-Export Data

Yes (On Demand)

Market Pricing Analysis

Yes (On Demand)

Market Segment Analysis

By Type (Small Patrol Boats, Medium Patrol Boats, and Large Patrol Boats)

By Application (Military, Police Patrol, and Rescue)

Market, Regional Analysis

North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Market Key Companies

Schott AG, Nippon Electric Glass Co. Ltd., Corning Incorporated, Nippon Sheet Glass Company Limited, MAVIG GmbH, Mayco Industries, Radiation Protection Products, Ray-Bar Engineering Corporation, A&L Shielding, and PLATEC Group.

Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Key Highlights of the report

How are the major segments performing in the Radiation Shielding Glass market?

  • In 2021, the small patrol boat category accounted for a significant revenue share in the global radiation shielding glass market, owing to the rise in demand from the automotive industry.
  • In 2021, the police patrol category held a significant market revenue share and was estimated to grow steadily in the coming years. The growth is attributed to increasing popularity among police personnel for various activities across the globe.

Which region dominated the radiation shielding glass market?

In 2021, North America dominated the radiation shielding glass market with the highest revenue share. This growth is ascribed to the growing number of regional imaging centers and radiation laboratories. The rising popularity among safety personnel fuels the demand for radiation shielding glass in the market of North America.

How is U.S. Market performing in the radiation shielding glass market?

In 2021, the United States held a major share of the radiation shielding glass market. This is due to the region's expanding number of imaging centers and radiation labs. The growing popularity of radiation shielding glass for safety purpose usage across the manufacturing industries in the United States.

What is the competitive environment of the radiation shielding glass market?

The competitive environment of the radiation shielding glass industry provides information on the total financial profits generated by suppliers and companies, the sales and revenues generated in this sector, the global radiation shielding glass market share, the business organization summary, the launch of new products, and the prospects for the radiation shielding glass market.

Executive Summary

How is radiation-shielding glass beneficial for the medical industry?

Nuclear medicine is a major use for radiation-shielding glass. Radioactive sources or materials are utilized for imaging (for example, positron emission tomography (PET) scans) or medicinal applications (such as radiation therapy). Hot cells and gloveboxes are commonly employed in manufacturing radiopharmaceuticals, allowing employees to process radioactive material without being exposed to harmful radiation levels. Remote manipulators or shielded gloves are used for material handling, and radiation-shielded glass windows allow people to see inside. Radiographers are likewise in danger of being exposed to potentially hazardous radiation. While x-rays are usually considered safe for medical disorders diagnosis, radiographers who do numerous scans per day rely on radiation shielding to reduce their exposure to radiation. Leaded glass windows may absorb both x-rays, allowing radiographers to supervise x-ray or PET scans without being exposed to hazardous amounts of radiation.

Which are the key investments by the radiation shielding glass market players?

Leading players operating in the radiation shielding glass market focus on technological advancements in the glass selling platforms. Apart from this, players are concentrating on strategic mergers and acquisitions, collaborations, and creating awareness among the businesses via various advertisement campaigns and awareness programs for helping the recruiters to promote the usage of shielding glass in the industry, which further helps the manufacturers in globally radiation shielding glass market to gain a competitive edge. Private equity companies, venture capitalists, and strategic partners have invested in the radiation-shielding glass industry. With a long-term perspective, savvy investors may recognize the potential for radiation shielding glass to provide large returns on their investment in this industry.

Some major players in the radiation shielding glass market are Schott AG, Nippon Electric Glass Co. Ltd., Corning Incorporated, Nippon Sheet Glass Company Limited, MAVIG GmbH, Mayco Industries, Radiation Protection Products, Ray-Bar Engineering Corporation, A&L Shielding, and PLATEC Group.

What are the major driving factors for the Radiation Shielding Glass market?

The rising prevalence of cancer has increased the use of radiation, which is projected to be a key driver driving demand in the target market. Rising healthcare spending and increased wellness consciousness are expected to drive the worldwide radiation-shielding glass market. Furthermore, expanding nuclear plants across various areas will likely drive the target market's growth throughout the forecast period. Furthermore, with the robust growth of the global healthcare industry and the widespread adoption of technological advancements, radiation shielding glasses have grown in importance over the years, which is expected to drive the growth of the global market over the forecast period.

What are the major risks for the Radiation Shielding Glass market?

The high cost of radiation shielding glass is directly reflected in the pricing of the goods due to the high cost of raw materials and the sophisticated production process. This primary element is predicted to limit the target market's growth to some extent.

Which is the key application in the radiation shielding glass market?

Due to increased demand from the automotive industry, the small patrol boat category accounted for a large revenue share in the worldwide radiation shielding glass market. Furthermore, the big patrol boat category is expected to increase at a significant CAGR over the next few years.

radiation-shielding-glass-market

How is the radiation shielding glass market performing in regions?

North America dominated the market for radiation-shielding glass with the highest revenue share in 2021. This expansion is attributed to the region's expanding network of hospital diagnostics centers. The growing popularity is driving safety workers' need for radiation shielding glass in the North American market.

However, Asia-Pacific is predicted to register a significant growth rate over the coming years. This growth is primarily attributed to the growing population, rising demand for cleaner energy, and the depletion of natural resources in emerging economies such as China, India, and Japan. Furthermore, China is expected to hold a significant market share owing to rapid industrialization and increasing expenditure on healthcare infrastructure.

What is the market size of radiation shielding glass regarding value?

The global radiation shielding glass market is anticipated to grow at a significant CAGR of 5.1% during the forecast period. The global radiation shielding glass industry was estimated to be worth USD 189.6 million in 2021 and was expected to be worth USD 255.5 million by 2028.

What are the major players planning for the future of the radiation shielding glass market?

Growing regional existence and investment in downstream applications are anticipated to deliver a competitive edge in the market. Various new product launches and rapidly increasing research & development activities are expected to create several opportunities for the industry players in the market in future years. The integration of advanced technology in the devices is one of the major planning for the future to sustain in the competitive market.

Segmentation of Global Radiation Shielding Glass Market-

Global Radiation Shielding Glass Market – By Type

  • Small Patrol Boats
  • Medium Patrol Boats
  • Large Patrol Boats

Global Radiation Shielding Glass Market – By Application

  • Military
  • Police Patrol
  • Rescue

Global Radiation Shielding Glass Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global radiation shielding glass market

The COVID-19 outbreak negatively impacted market growth due to the shutdown of companies worldwide. Transportation was stopped to curb the disease.

North America accounted for the major global radiation shielding glass market revenue share.

The major drivers responsible for the market's growth include rising medical industry demand and increasing popularity among defense personnel.

The small patrol boats had a significant share of the global market in 2021.

The police patrol segment had a major share in the global market.

Radiation Shielding Glass Market Scope

Report Attribute Details
Market Value in 2021 USD 189.6 million
Market Value in 2028 USD 255.5 million
CAGR 5.1%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Advanced Materials
Report ID:   60830
Report Format:   PDF
Pages:   140
Rating:    4.5 (50)
Delivery Time: 24 Hours to 48 Hours   
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