Global Radiation Shielding Material Market Size Study & Forecast, by Type, by Material, by Application, and Regional Analysis, 2023-2030

Description

List of Tables

Global Radiation Shielding Material Market is valued at approximately USD 670.42 million in 2022 and is anticipated to grow with a healthy growth rate of more than 6.5% during the forecast period 2023-2030. Radiation shielding materials are substances designed to reduce the penetration of ionizing radiation, protecting individuals and equipment from its harmful effects. This material is set to revolutionize safety in nuclear facilities, space travel, and improve patient care in radiology and oncology. The market is expected to experience a surge in research and development with a rising demand for safer nuclear energy, robust space missions, and precise medical diagnostics and therapies. Also, the growing need for precise and safe medical diagnostics and therapies, expansion of the nuclear energy industry, as well as stringent regulations regarding radiation exposure in workplaces, laboratories, and public spaces are the key factors contributing to the market demand worldwide.

In addition, the surge in incidences of cancer, coupled with the rising inclination towards medical imaging has led to an increased demand for radiation-based diagnostic and therapeutic procedures, which is exhibiting a positive influence on the market growth across the globe. Medical imaging techniques, such as X-rays and CT scans, play a crucial role in the diagnosis and monitoring of cancer. According to the World Health Organization, in 2020, it was estimated that nearly 19.3 million new cases of cancer were recorded globally, which is projected to rise and is likely to reach 30.2 million new cases by 2040. As these imaging technologies become more prevalent in healthcare, the need for effective radiation shielding materials intensifies. These materials are essential to ensure the safety of patients, healthcare professionals, and the public by minimizing radiation exposure. Consequently, the rising inclination towards medical imaging, driven by the imperative need for accurate cancer diagnosis and treatment, contributes significantly to the expanding demand for radiation shielding materials in the market during the estimated period. Moreover, the increasing number of space exploration initiatives, as well as ongoing technological innovations present various lucrative opportunities over the forecast years. However, the dearth of skilled oncologists or radiologists and the high cost of lead in manufacturing radiation accessories are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Radiation Shielding Material Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing emphasis on both government and private investments to address the rising demand for cancer treatment. Additionally, the development of advanced PET/CT scan technology is further contributing to the market growth in the region. Whereas, Asia Pacific is expected to grow at the fastest CAGR over the forecast years. The rising initiatives towards new investments in the radiation shielding sector, growing awareness of radiation risks, and technological innovations in shielding materials are significantly propelling the market demand across the region.

Major market players included in this report are:

Infab, LLC
Burlington Medical
MarShield
Ray-Bar Engineering Corp
Mars Metal Company
Radiation Protection Products Inc.
Nuclear Lead Co. Inc
Ultraray Group Inc
Veritas Medical Solutions
Global Partners in Shielding, Inc

Recent Developments in the Market:

In August 2023, ETS-Lindgren revealed a strategic partnership with TUV Rheinland North America for the development of its new Technology and Innovation Center in Massachusetts. Key supporting partners, including AMETEK-CTS, Fair-Rite, Innova, and Rohde & Schwarz, are collaborating in the establishment of this center. Through the partnership of ETS-Lindgren and these industry leaders, TUV Rheinland aims to seamlessly integrate crucial equipment, fostering the provision of comprehensive customer solutions.
In July 2022, Burlington Medical introduced the XENOLITE 800 NL (No-Lead) apron series-a lead-free, exceptionally lightweight, flexible, and recyclable x-ray radiation protection apron. The XENOLITE 800 NL series incorporates antimony and tungsten, strategically supported, encapsulated, and uniformly distributed within a durable yet pliable Dow elastomer matrix.

Global Radiation Shielding Material Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Material, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Electromagnetic Radiation
Particle Radiation

By Material:

Lead Shielding
Lead Composite Shielding
Non-Lead and Lead Free Shielding

By Application:

Diagnostic x-ray room shielding
CT Scanner shielding facility
MRI Room shielding
Nuclear medicine imagingshielding
Radiotherapy shielding
Radiation protection safety aprons/apparel/equipments

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Radiation Shielding Material Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Radiation Shielding Material Market, by Type, 2020-2030 (USD Million)
- 1.2.3. Radiation Shielding Material Market, by Material, 2020-2030 (USD Million)
- 1.2.4. Radiation Shielding Material Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Radiation Shielding Material Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Radiation Shielding Material Market Dynamics

3.1. Radiation Shielding Material Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Surge in incidences of cancer, coupled with the rising inclination towards medical imaging
  - 3.1.1.2. Expansion of nuclear energy industry
- 3.1.2. Market Challenges
  - 3.1.2.1. Dearth of skilled oncologist or radiologist
  - 3.1.2.2. High cost of lead in manufacturing radiation accessories
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing number of space exploration initiatives
  - 3.1.3.2. Ongoing technological innovations sector

Chapter 4. Global Radiation Shielding Material Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Radiation Shielding Material Market, by Type

5.1. Market Snapshot
5.2. Global Radiation Shielding Material Market by Type, Performance - Potential Analysis
5.3. Global Radiation Shielding Material Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Radiation Shielding Material Market, Sub Segment Analysis
- 5.4.1. Electromagnetic Radiation
- 5.4.2. Particle Radiation

Chapter 6. Global Radiation Shielding Material Market, by Material

6.1. Market Snapshot
6.2. Global Radiation Shielding Material Market by Material, Performance - Potential Analysis
6.3. Global Radiation Shielding Material Market Estimates & Forecasts by Material 2020-2030 (USD Million)
6.4. Radiation Shielding Material Market, Sub Segment Analysis
- 6.4.1. Lead Shielding
- 6.4.2. Lead Composite Shielding
- 6.4.3. Non-Lead and Lead Free Shielding

Chapter 7. Global Radiation Shielding Material Market, by Application

7.1. Market Snapshot
7.2. Global Radiation Shielding Material Market by Application, Performance - Potential Analysis
7.3. Global Radiation Shielding Material Market Estimates & Forecasts by Application 2020-2030 (USD Million)
7.4. Radiation Shielding Material Market, Sub Segment Analysis
- 7.4.1. Diagnostic x-ray room shielding
- 7.4.2. CT Scanner shielding facility
- 7.4.3. MRI Room shielding
- 7.4.4. Nuclear medicine imagingshielding
- 7.4.5. Radiotherapy shielding
- 7.4.6. Radiation protection safety aprons/apparel/equipments

Chapter 8. Global Radiation Shielding Material Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Radiation Shielding Material Market, Regional Market Snapshot
8.4. North America Radiation Shielding Material Market
- 8.4.1. U.S. Radiation Shielding Material Market
  - 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Material breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Radiation Shielding Material Market
8.5. Europe Radiation Shielding Material Market Snapshot
- 8.5.1. U.K. Radiation Shielding Material Market
- 8.5.2. Germany Radiation Shielding Material Market
- 8.5.3. France Radiation Shielding Material Market
- 8.5.4. Spain Radiation Shielding Material Market
- 8.5.5. Italy Radiation Shielding Material Market
- 8.5.6. Rest of Europe Radiation Shielding Material Market
8.6. Asia-Pacific Radiation Shielding Material Market Snapshot
- 8.6.1. China Radiation Shielding Material Market
- 8.6.2. India Radiation Shielding Material Market
- 8.6.3. Japan Radiation Shielding Material Market
- 8.6.4. Australia Radiation Shielding Material Market
- 8.6.5. South Korea Radiation Shielding Material Market
- 8.6.6. Rest of Asia Pacific Radiation Shielding Material Market
8.7. Latin America Radiation Shielding Material Market Snapshot
- 8.7.1. Brazil Radiation Shielding Material Market
- 8.7.2. Mexico Radiation Shielding Material Market
8.8. Middle East & Africa Radiation Shielding Material Market
- 8.8.1. Saudi Arabia Radiation Shielding Material Market
- 8.8.2. South Africa Radiation Shielding Material Market
- 8.8.3. Rest of Middle East & Africa Radiation Shielding Material Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Infab, LLC
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Burlington Medical
- 9.3.3. MarShield
- 9.3.4. Ray-Bar Engineering Corp
- 9.3.5. Mars Metal Company
- 9.3.6. Radiation Protection Products Inc.
- 9.3.7. Nuclear Lead Co. Inc
- 9.3.8. Ultraray Group Inc
- 9.3.9. Veritas Medical Solutions
- 9.3.10. Global Partners in Shielding, Inc

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Radiation Shielding Material Market, report scope
TABLE 2. Global Radiation Shielding Material Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Radiation Shielding Material Market estimates & forecasts by Type 2020-2030 (USD Million)
TABLE 4. Global Radiation Shielding Material Market estimates & forecasts by Material 2020-2030 (USD Million)
TABLE 5. Global Radiation Shielding Material Market estimates & forecasts by Application 2020-2030 (USD Million)
TABLE 6. Global Radiation Shielding Material Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7. Global Radiation Shielding Material Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Radiation Shielding Material Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Radiation Shielding Material Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Radiation Shielding Material Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Radiation Shielding Material Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Radiation Shielding Material Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Radiation Shielding Material Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Radiation Shielding Material Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. Global Radiation Shielding Material Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. U.S. Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 17. U.S. Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18. U.S. Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19. Canada Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 20. Canada Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. Canada Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22. UK Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 23. UK Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. UK Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25. Germany Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 26. Germany Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. Germany Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28. France Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 29. France Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. France Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31. Italy Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 32. Italy Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. Italy Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34. Spain Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 35. Spain Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. Spain Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37. RoE Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 38. RoE Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. RoE Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40. China Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 41. China Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. China Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43. India Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 44. India Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. India Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46. Japan Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 47. Japan Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. Japan Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49. South Korea Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 50. South Korea Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. South Korea Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52. Australia Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 53. Australia Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. Australia Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55. RoAPAC Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 56. RoAPAC Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. RoAPAC Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58. Brazil Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 59. Brazil Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. Brazil Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61. Mexico Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 62. Mexico Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. Mexico Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64. RoLA Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 65. RoLA Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. RoLA Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67. Saudi Arabia Radiation Shielding Material Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 68. South Africa Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. RoMEA Radiation Shielding Material Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70. List of secondary sources, used in the study of global Radiation Shielding Material Market
TABLE 71. List of primary sources, used in the study of global Radiation Shielding Material Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Radiation Shielding Material Market, research methodology
FIG 2. Global Radiation Shielding Material Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Radiation Shielding Material Market, key trends 2022
FIG 5. Global Radiation Shielding Material Market, growth prospects 2023-2030
FIG 6. Global Radiation Shielding Material Market, porters 5 force model
FIG 7. Global Radiation Shielding Material Market, pest analysis
FIG 8. Global Radiation Shielding Material Market, value chain analysis
FIG 9. Global Radiation Shielding Material Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Radiation Shielding Material Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Radiation Shielding Material Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Radiation Shielding Material Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Radiation Shielding Material Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Radiation Shielding Material Market, regional snapshot 2020 & 2030
FIG 15. North America Radiation Shielding Material Market 2020 & 2030 (USD Million)
FIG 16. Europe Radiation Shielding Material Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Radiation Shielding Material Market 2020 & 2030 (USD Million)
FIG 18. Latin America Radiation Shielding Material Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Radiation Shielding Material Market 2020 & 2030 (USD Million)