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