The global glass scintillator market is set to gain momentum from its increasing availability in various forms, such as powder, cylinder, discs, and rectangles. This information is published by Fortune Business Insights™ in an upcoming report, The report further states that glass scintillators are capable of performing under harsh conditions, namely, extreme pressure or temperature. Thus, it is extensively utilized in nuclear power plants and the oil & gas industry.

Drivers & Restraints-

Need to Gather Reliable Data & Save Costs will Propel Growth

The increasing usage of glass scintillators in the oil and gas industry is a major factor anticipated to boost growth in the coming years. The product is used to gather data amid the measurement-while-drilling (MWD) technology. It is beneficial for directional and horizontal drilling of wells. Glass scintillators aid in reducing the turnaround time for drilling, as well as provide authentic data, thereby saving costs. Apart from that, glass scintillators can perform under extreme conditions of magnetic fields, humidity, and temperature. It would also contribute to the overall glass scintillator market growth. However, there is a lack of highly-skilled workforce to operate the detectors. It may hamper growth.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Glass Scintillator Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Glass Scintillator Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.

The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement.

A list of all the renowned glass scintillator manufacturers operating in the global market:

  • Saint-Gobain Ceramics & Plastics, Inc.
  • Albemarle Corporation
  • Amcrys
  • Collimated Hole Inc.
  • Dynasil Corporation
  • Epic Cystal Co. Ltd.
  • Food Machinery Corporation Ltd.
  • Gee Bee International
  • Hamamatsu Photonics
  • Hitachi Metal Ltd.
  • Nihon Kessho Kogaku Ltd.
  • Rexon Component Tld System Inc.
  • Other prominent key companies

Regional Analysis-

Increasing Demand from Nuclear Power Plants to Drive Growth in Europe

Geographically, North America is set to generate the highest glass scintillator market share in the near future. This growth is attributable to the increasing demand for the product from the oil & gas industry. Also, the surging shale oil exploration activities in the region, coupled with the usage of innovative technologies, such as logging- while-drilling (LWD) would aid growth.

Asia Pacific, on the other hand, is expected to retain its second position throughout the forthcoming years backed by the major contributions of China and India. In Europe, the rising usage of glass scintillators in several nuclear power plants would bolster growth. The demand is the highest from Germany, Spain, and Italy. Lastly, the increasing utilization of depleted and natural lithium would help The Middle East & Africa to grow considerably.

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Key Players Assessment in this Research:

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in this market
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

Competitive Landscape-

Key Players Focus on Research & Development Activities to Create Novel Products

The market for glass scintillators includes a large number of companies striving to gain a competitive edge. They are mainly engaging in in-depth research and development activities to create novel products for fulfilling the high demand. Below is a recent industry development:

  • February 2020: Researchers at the Paoli-Calmettes Institute and Aix-Marseille University developed a new device that is less susceptible to the noise of the detector from Cherenkov radiation. The optical fiber having an inorganic scintillator makes it effective for small-field radiotherapy.

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