Global Radiation Shielding Material Market 2024-2028

The radiation shielding material market is forecasted to grow by USD 261.42 mn during 2023-2028, accelerating at a CAGR of 6.45% during the forecast period. The report on the radiation shielding material market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising number of diagnostic imaging and radiation therapy procedures, frequent radiation shielding product launches by vendors, and increasing demand for environment-friendly shielding materials.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.12%
CAGR	6.45%
Incremental Value	$261.42mn

Technavio's radiation shielding material market is segmented as below:

By Type

Electromagnetic radiation
Particle radiation

By Material

Lead shielding
Lead composite shielding
Copper
Tungsten
Others

By Geographical Landscape

North America
Europe
Asia
Rest of World (ROW)

This study identifies the advancements in shielding technology as one of the prime reasons driving the radiation shielding material market growth during the next few years. Also, high investment in R and D of radiation shielding materials and increasing M and A among market vendors will lead to sizable demand in the market.

The report on the radiation shielding material market covers the following areas:

Radiation shielding material market sizing
Radiation shielding material market forecast
Radiation shielding material market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading radiation shielding material market vendors that include A and L Shielding, Amray Medical, Burlington Medical, Calder Industrial Materials Ltd., Gravita India Ltd., Infab Corp., Lemer Pax, Mars Metal Co., Mayco industries Inc., NELCO, Nuclear Lead Co. Inc., Nuclear shields, Protech Medical, Radiation Protection Products Inc., RAY-BAR ENGINEERING CORP., S S Micro Electronics Pvt. Ltd., Shree Manufacturing Co., Trivitron Healthcare, Ultraray, Veritas Medical Solutions, and Wardray Premise Ltd.. Also, the radiation shielding material market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77175

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Material
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global radiation shielding material market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global radiation shielding material market 2018 - 2022 ($ million)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Material Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Material Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Electromagnetic radiation - Market size and forecast 2023-2028
Exhibit 34: Chart on Electromagnetic radiation - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Electromagnetic radiation - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Electromagnetic radiation - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Electromagnetic radiation - Year-over-year growth 2023-2028 (%)
6.4 Particle radiation - Market size and forecast 2023-2028
Exhibit 38: Chart on Particle radiation - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Particle radiation - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Particle radiation - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Particle radiation - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Material

7.1 Market segments
Exhibit 44: Chart on Material - Market share 2023-2028 (%)
Exhibit 45: Data Table on Material - Market share 2023-2028 (%)
7.2 Comparison by Material
Exhibit 46: Chart on Comparison by Material
Exhibit 47: Data Table on Comparison by Material
7.3 Lead shielding - Market size and forecast 2023-2028
Exhibit 48: Chart on Lead shielding - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Lead shielding - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Lead shielding - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Lead shielding - Year-over-year growth 2023-2028 (%)
7.4 Lead composite shielding - Market size and forecast 2023-2028
Exhibit 52: Chart on Lead composite shielding - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Lead composite shielding - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Lead composite shielding - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Lead composite shielding - Year-over-year growth 2023-2028 (%)
7.5 Copper - Market size and forecast 2023-2028
Exhibit 56: Chart on Copper - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Copper - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Copper - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Copper - Year-over-year growth 2023-2028 (%)
7.6 Tungsten - Market size and forecast 2023-2028
Exhibit 60: Chart on Tungsten - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on Tungsten - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on Tungsten - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Tungsten - Year-over-year growth 2023-2028 (%)
7.7 Others - Market size and forecast 2023-2028
Exhibit 64: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 66: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by Material
Exhibit 68: Market opportunity by Material ($ million)
Exhibit 69: Data Table on Market opportunity by Material ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 Asia - Market size and forecast 2023-2028
Exhibit 83: Chart on Asia - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on Asia - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on Asia - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Asia - Year-over-year growth 2023-2028 (%)
9.6 Rest of World (ROW) - Market size and forecast 2023-2028
Exhibit 87: Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
9.7 US - Market size and forecast 2023-2028
Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
9.8 Germany - Market size and forecast 2023-2028
Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.9 Japan - Market size and forecast 2023-2028
Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 France - Market size and forecast 2023-2028
Exhibit 107: Chart on France - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on France - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on France - Year-over-year growth 2023-2028 (%)
9.12 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ million)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 Burlington Medical
Exhibit 119: Burlington Medical - Overview
Exhibit 120: Burlington Medical - Product / Service
Exhibit 121: Burlington Medical - Key offerings
12.4 Infab Corp.
Exhibit 122: Infab Corp. - Overview
Exhibit 123: Infab Corp. - Product / Service
Exhibit 124: Infab Corp. - Key offerings
12.5 Lemer Pax
Exhibit 125: Lemer Pax - Overview
Exhibit 126: Lemer Pax - Product / Service
Exhibit 127: Lemer Pax - Key offerings
12.6 Mars Metal Co.
Exhibit 128: Mars Metal Co. - Overview
Exhibit 129: Mars Metal Co. - Product / Service
Exhibit 130: Mars Metal Co. - Key offerings
12.7 Mayco industries Inc.
Exhibit 131: Mayco industries Inc. - Overview
Exhibit 132: Mayco industries Inc. - Product / Service
Exhibit 133: Mayco industries Inc. - Key offerings
12.8 NELCO
Exhibit 134: NELCO - Overview
Exhibit 135: NELCO - Product / Service
Exhibit 136: NELCO - Key offerings
12.9 Nuclear Lead Co. Inc.
Exhibit 137: Nuclear Lead Co. Inc. - Overview
Exhibit 138: Nuclear Lead Co. Inc. - Product / Service
Exhibit 139: Nuclear Lead Co. Inc. - Key offerings
12.10 Nuclear shields
Exhibit 140: Nuclear shields - Overview
Exhibit 141: Nuclear shields - Product / Service
Exhibit 142: Nuclear shields - Key offerings
12.11 Radiation Protection Products Inc.
Exhibit 143: Radiation Protection Products Inc. - Overview
Exhibit 144: Radiation Protection Products Inc. - Product / Service
Exhibit 145: Radiation Protection Products Inc. - Key offerings
12.12 RAY-BAR ENGINEERING CORP.
Exhibit 146: RAY-BAR ENGINEERING CORP. - Overview
Exhibit 147: RAY-BAR ENGINEERING CORP. - Product / Service
Exhibit 148: RAY-BAR ENGINEERING CORP. - Key offerings
12.13 S S Micro Electronics Pvt. Ltd.
Exhibit 149: S S Micro Electronics Pvt. Ltd. - Overview
Exhibit 150: S S Micro Electronics Pvt. Ltd. - Key offerings
12.14 Shree Manufacturing Co.
Exhibit 151: Shree Manufacturing Co. - Overview
Exhibit 152: Shree Manufacturing Co. - Product / Service
Exhibit 153: Shree Manufacturing Co. - Key offerings
12.15 Ultraray
Exhibit 154: Ultraray - Overview
Exhibit 155: Ultraray - Product / Service
Exhibit 156: Ultraray - Key offerings
12.16 Veritas Medical Solutions
Exhibit 157: Veritas Medical Solutions - Overview
Exhibit 158: Veritas Medical Solutions - Product / Service
Exhibit 159: Veritas Medical Solutions - Key offerings
12.17 Wardray Premise Ltd.
Exhibit 160: Wardray Premise Ltd. - Overview
Exhibit 161: Wardray Premise Ltd. - Product / Service
Exhibit 162: Wardray Premise Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 163: Inclusions checklist
Exhibit 164: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 165: Currency conversion rates for US$
13.4 Research methodology
Exhibit 166: Research methodology
Exhibit 167: Validation techniques employed for market sizing
Exhibit 168: Information sources
13.5 List of abbreviations
Exhibit 169: List of abbreviations