Market Overview:
The global industrial radiation shielding market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The market growth is attributed to the increasing demand for radiation shielding in medical, industrial, and research applications. In addition, the growing awareness about the harmful effects of radiation exposure is also propelling the demand for industrial radiation shielding products. Based on type, the global industrial radiation shielding market can be segmented into 20mm segments.
Product Definition:
Industrial radiation shielding is the use of materials to protect people and equipment from radiation. It is important because it protects people from the harmful effects of radiation.
Industrial radiation shielding is used to protect personnel and assets from the harmful effects of ionizing radiation. Ionizing radiation consists of particles and electromagnetic radiations which are capable of causing damage to living organisms including humans. The most common sources for ionizing radiation include radon,cosmic rays, x-rays,and ultraviolet light. Ionization Radiation can travel through solid materials but cannot penetrate water orair so it is important to consider material properties when designing an industrialradiation shield.
5mm-10mm:
5mm-10mm is a size of radiation shielding material, which is used in the protection of personnel and assets from ionizing radiation. It can protect against low to high levels of harmful radiations. The 5mm-10mm thickness range provides effective shielding for personnel and equipment in various industrial sectors such as medical, oil & gas, construction, power generation industries among others.
The global industrial radiation shielding market size was valued at USD 1.6 billion in 2016.
Application Insights:
The industrial application segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing use of radiation shielding products in industries, such as oil and gas, power generation, and aerospace. Shielding products are used to protect electronic components against damage due to exposure to ionizing radiation.
Medical applications are projected to witness significant growth over the forecast period owing to rising demand from countries, such as Japan and China. These countries account for a large share of global medical procedures that require high level of precision; this is likely drive product demand in medical applications globally over the forecast period.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to maintain its lead throughout the forecast period owing to stringent regulations and standards pertaining to patient safety and protection from radiation exposure imposed by regulatory bodies, such as Health Canada, Environmental Protection Agency (EPA), Nuclear Regulatory Commission (NRC), etc. In addition, increasing demand for medical tourism in North America due to availability of advanced healthcare treatments at lower costs is anticipated to fuel the regional market growth during the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions with a CAGR exceeding 6% during the same period owing an increase in industrial activities coupled with rising awareness about nuclear safety across various industries especially manufacturing sector which includes automotive, electronics & telecoms, construction materials among others.
Growth Factors:
- Increasing demand for radiation shielding in medical applications
- Rising awareness about the benefits of radiation shielding
- Growing number of nuclear power plants and other industrial facilities worldwide
- Proliferation of advanced radiation shielding technologies
- Stringent government regulations pertaining to radiation safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Radiation Shielding Market Research Report
By Type
<5.0mm, 5mm-10mm, 10mm-20mm, >20mm
By Application
Medical, Industrial, Research, Others
By Companies
Mayco Industries, Radiation Protection Products, Corning, Nippon Electric Glass, SCHOTT, Ray-Bar Engineering Corporation, MAVIG, Stralskydd Radiation Shielding, Raybloc, Haerens, MarShield, A&L Shielding, AnLan, Shenwang Radiation Protective Equipment
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Radiation Shielding Market Report Segments:
The global Industrial Radiation Shielding market is segmented on the basis of:
Types
<5.0mm, 5mm-10mm, 10mm-20mm, >20mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical, Industrial, Research, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mayco Industries
- Radiation Protection Products
- Corning
- Nippon Electric Glass
- SCHOTT
- Ray-Bar Engineering Corporation
- MAVIG
- Stralskydd Radiation Shielding
- Raybloc
- Haerens
- MarShield
- A&L Shielding
- AnLan
- Shenwang Radiation Protective Equipment
Highlights of The Industrial Radiation Shielding Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- <5.0mm
- 5mm-10mm
- 10mm-20mm
- >20mm
- By Application:
- Medical
- Industrial
- Research
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Radiation Shielding Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial radiation shielding is a type of radiation protection used in industrial and commercial settings. It is designed to protect workers, customers, and property from the harmful effects of exposure to ionizing and non-ionizing radiation.
Some of the major companies in the industrial radiation shielding market are Mayco Industries, Radiation Protection Products, Corning, Nippon Electric Glass, SCHOTT, Ray-Bar Engineering Corporation, MAVIG, Stralskydd Radiation Shielding, Raybloc, Haerens, MarShield, A&L Shielding, AnLan, Shenwang Radiation Protective Equipment.
The industrial radiation shielding market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Radiation Shielding Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Radiation Shielding Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Radiation Shielding Market - Supply Chain
4.5. Global Industrial Radiation Shielding Market Forecast
4.5.1. Industrial Radiation Shielding Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Radiation Shielding Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Radiation Shielding Market Absolute $ Opportunity
5. Global Industrial Radiation Shielding Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Radiation Shielding Market Size and Volume Forecast by Type
5.3.1. <5.0mm
5.3.2. 5mm-10mm
5.3.3. 10mm-20mm
5.3.4. >20mm
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Radiation Shielding Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Radiation Shielding Market Size and Volume Forecast by Application
6.3.1. Medical
6.3.2. Industrial
6.3.3. Research
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Radiation Shielding Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Radiation Shielding Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Radiation Shielding Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Radiation Shielding Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Radiation Shielding Demand Share Forecast, 2019-2026
9. North America Industrial Radiation Shielding Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Radiation Shielding Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Radiation Shielding Market Size and Volume Forecast by Application
9.4.1. Medical
9.4.2. Industrial
9.4.3. Research
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Radiation Shielding Market Size and Volume Forecast by Type
9.7.1. <5.0mm
9.7.2. 5mm-10mm
9.7.3. 10mm-20mm
9.7.4. >20mm
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Radiation Shielding Demand Share Forecast, 2019-2026
10. Latin America Industrial Radiation Shielding Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Radiation Shielding Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Radiation Shielding Market Size and Volume Forecast by Application
10.4.1. Medical
10.4.2. Industrial
10.4.3. Research
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Radiation Shielding Market Size and Volume Forecast by Type
10.7.1. <5.0mm
10.7.2. 5mm-10mm
10.7.3. 10mm-20mm
10.7.4. >20mm
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Radiation Shielding Demand Share Forecast, 2019-2026
11. Europe Industrial Radiation Shielding Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Radiation Shielding Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Radiation Shielding Market Size and Volume Forecast by Application
11.4.1. Medical
11.4.2. Industrial
11.4.3. Research
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Radiation Shielding Market Size and Volume Forecast by Type
11.7.1. <5.0mm
11.7.2. 5mm-10mm
11.7.3. 10mm-20mm
11.7.4. >20mm
11.8. Basis Pont Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Radiation Shielding Demand Share, 2019-2026
12. Asia Pacific Industrial Radiation Shielding Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Radiation Shielding Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Radiation Shielding Market Size and Volume Forecast by Application
12.4.1. Medical
12.4.2. Industrial
12.4.3. Research
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Radiation Shielding Market Size and Volume Forecast by Type
12.7.1. <5.0mm
12.7.2. 5mm-10mm
12.7.3. 10mm-20mm
12.7.4. >20mm
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Radiation Shielding Demand Share, 2019-2026
13. Middle East & Africa Industrial Radiation Shielding Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Radiation Shielding Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Radiation Shielding Market Size and Volume Forecast by Application
13.4.1. Medical
13.4.2. Industrial
13.4.3. Research
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Radiation Shielding Market Size and Volume Forecast by Type
13.7.1. <5.0mm
13.7.2. 5mm-10mm
13.7.3. 10mm-20mm
13.7.4. >20mm
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Radiation Shielding Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Radiation Shielding Market: Market Share Analysis
14.2. Industrial Radiation Shielding Distributors and Customers
14.3. Industrial Radiation Shielding Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mayco Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Radiation Protection Products
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Corning
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nippon Electric Glass
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SCHOTT
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ray-Bar Engineering Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MAVIG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Stralskydd Radiation Shielding
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Raybloc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Haerens
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. MarShield
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. A&L Shielding
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. AnLan
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shenwang Radiation Protective Equipment
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
