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Radiation Shielding Glass Market

Radiation Shielding Glass Market Size, Share & Trends Analysis Report By Type (Lead Glass, Lead Free Glass), By Application (Medical, Industrial), By Region, And By Segment Forecasts, 2024-2031

Report ID : 2628 | Published : 2024-08-02 | Pages: 168 | Format: PDF/EXCEL

The Radiation Shielding Glass Market Size is valued at USD 1.18 Bn in 2023 and is predicted to reach USD 1.87 Bn by the year 2031 at a 6.1% CAGR during the forecast period for 2024-2031.

radiation shielding glass

Radiation shielding glass is an essential safety material in settings where protection from ionizing radiation is required, combining effectiveness with visibility to ensure both safety and functionality. Radiation shielding glass is primarily designed to diminish or decrease the passage of dangerous ionizing radiation while also preserving transparency for visible light. The growing use of radiation shielding glass is propelled by strict safety standards in several industries, including healthcare, nuclear power, and industrial sectors. Radiation shielding glass is preferred for its capacity to efficiently attenuate ionizing radiation, particularly X-rays and gamma rays, and its composition often includes lead oxide or barium oxide.

Nevertheless, the expense associated with deploying radiation shielding measures might be a substantial obstacle. Materials for shielding against radiation, alterations to buildings, and specialist equipment may be costly, particularly for smaller healthcare institutions or those with financial limitations. Furthermore, the growing emphasis on workplace safety requirements worldwide is a major factor driving the radiation shielding glass market.

Competitive Landscape

Some Major Key Players In The Radiation Shielding Glass Market:

  • British Glass
  • Corning Incorporated
  • Electric Glass Building Materials Co., Ltd.
  • H V Skan Ltd
  • Lead Glass Pro.
  • Mavig Gmbh
  • MidlandLead
  • Nippon Electric Glass Co., Ltd.
  • Ray-Bar Engineering Corporation
  • Raybloc Ltd.
  • Schott
  • Wolf X-Ray
  • Ets-Lindgren (An Esco Technologies Company)
  • Nelco Worldwide
  • Gaven Industries, Inc.
  • A&L Shielding
  • Alimed, Inc.
  • Mars Metal Company
  • Others Prominent Players

Market Segmentation:

The radiation shielding glass market is segmented on the basis of type and application. Based on type, the market is segmented as lead glass, and lead free glass. According to the application, the market is segmented into medical, industrial, and others.

Based On Type, The Lead Glass Segment Is A Major Contributor To The Radiation Shielding Glass Market.

The Lead Glass category is expected to hold a major market share of the global Radiation Shielding Glass market in 2021. This is attributed to the fact that it contains a large amount of lead oxide. It is well-known for its remarkable capacity to interfere with radiation. Lead glass is vital for medical imaging equipment, nuclear facilities, and manufacturing processes where accurate vision and safety are of the utmost importance. Because of this feature, lead glass is particularly effective in inhibiting dangerous radiation while preserving optical clarity.

The Medical Segment Witnessed Rapid Growth.

The medical segment is estimated to grow at a rapid rate in the global Radiation Shielding Glass market. During diagnostic imaging procedures such as X-rays, CT scans, and fluoroscopy, radiation shielding glass is an essential component in the medical industry. Its primary function is to protect both patients and professionals from hazardous radiation exposure. Due to the fact that laws in the healthcare industry continue to place an emphasis on radiation safety standards, there is a persistent need for radiation shielding solutions that are dependable and high-performing, such as lead glass, which further solidifies its leading position in the medical market.

In The Region, The North American Radiation Shielding Glass Market Holds A Significant Revenue Share.

The North American Radiation Shielding Glass market is likely to report the highest market share in terms of revenue in the near future. By virtue of its highly developed healthcare facilities and continuous advancements in radiation treatment and diagnostic imaging technology, the United States of America is the primary driver of consumption in North America.

The radiation shielding glass market in Canada follows closely behind, with a particular emphasis on the use of nuclear energy and industrial applications, including those in which radiation shielding glass is essential for ensuring safety and complying with environmental regulations. In addition, Asia Pacific is seeing the most rapid expansion as a result of the substantial advancements in healthcare infrastructure and the growing awareness of radiation safety measures. This growth is being led by countries like China and India, which are backed by increased healthcare spending and steps taken by the government to modernize medical facilities.

Radiation Shielding Glass Market Report Scope

Report Attribute

Specifications

Market Size Value In 2023

USD 1.18 Bn

Revenue Forecast In 2031

USD 1.87 Bn

Growth Rate CAGR

CAGR of 6.1% from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Million and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Type, Application

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea

Competitive Landscape

British Glass, Corning Incorporated, Electric Glass Building Materials Co., Ltd., H V Skan Ltd, Lead Glass Pro., MAVIG GmbH, MidlandLead, Nippon Electric Glass Co., Ltd., Ray-Bar Engineering Corporation, Raybloc Ltd., Schott, and Wolf X-Ray.

Customization Scope

Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Radiation Shielding Glass Market Snapshot

Chapter 4. Global Radiation Shielding Glass Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Type Estimates & Trend Analysis
5.1. By Type & Market Share, 2023 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Type:

5.2.1. Lead Glass
5.2.2. Lead Free Glass

Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis
6.1. By Application & Market Share, 2023 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Application:

6.2.1. Medical
6.2.2. Industrial
6.2.3. Others

Chapter 7. Radiation Shielding Glass Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America
7.1.1. North America Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.1.2. North America Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.1.3. North America Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.2. Europe
7.2.1. Europe Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.2.2. Europe Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.2.3. Europe Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.3. Asia Pacific
7.3.1. Asia Pacific Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.3.2. Asia Pacific Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.3.3. Asia Pacific Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.4. Latin America
7.4.1. Asia Pacific Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.4.2. Latin America Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.4.3. Latin America Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.5. Middle East & Africa
7.5.1. Middle East & Africa Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.5.2. Middle East & Africa Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.5.3. Middle East & Africa Radiation Shielding Glass Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles

8.2.1. British Glass
8.2.2. Corning Incorporated
8.2.3. ELECTRIC GLASS BUILDING MATERIALS CO., LTD.
8.2.4. H V Skan Ltd
8.2.5. Lead Glass Pro.
8.2.6. MAVIG GmbH
8.2.7. MidlandLead
8.2.8. Nippon Electric Glass Co., Ltd.
8.2.9. Ray-Bar Engineering Corporation
8.2.10. Raybloc Ltd.
8.2.11. Schott
8.2.12. Wolf X-Ray
8.2.13. Ets-Lindgren (An Esco Technologies Company)
8.2.14. Nelco Worldwide
8.2.15. Gaven Industries, Inc.
8.2.16. A&L Shielding
8.2.17. Alimed, Inc.
8.2.18. Mars Metal Company
8.2.19. Other Prominent Players

Segmentation of Radiation Shielding Glass Market-

Radiation Shielding Glass Market By Type-

  • Lead Glass
  • Lead Free Glass

radiation shielding glass

Radiation Shielding Glass Market By Application-

  • Medical
  • Industrial
  • Others

Radiation Shielding Glass Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

 

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Frequently Asked Questions

How big is the Radiation Shielding Glass Market Size?

The Radiation Shielding Glass Market is expected to grow at a 6.1% CAGR during the forecast period for 2024-2031.

British Glass, Corning Incorporated, Electric Glass Building Materials Co., Ltd., H V Skan Ltd, Lead Glass Pro., MAVIG GmbH, MidlandLead, Nippon Elect

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