Global Cesium Iodide Market growing at a CAGR of 4.7% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Jul 2023 | Type : Press Release
Key Market Overview
The cesium iodide market is expected to gain significant growth in the forecast period of 2023 to 2030. Consegic Business Intelligence analyzes that the market was 300.94 million in 2022 and is expected to reach the market size of USD 433.12 million in 2030 with a compound annual growth rate of 4.7%.
The report highlights the increasing adoption of cesium iodide in the healthcare industry which is proliferating the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the cesium iodide market.
Global Cesium Iodide Market By Overview
The cesium iodide market is bifurcated into type, application, and end user. Based on type the market is segmented into CsI (Tl), CsI (Na), and CsI (Pure). In 2022, the CsI (Tl) segment dominated the overall cesium iodide market. Based on application the market is segmented into medical imaging, radiology, optical components, well logging, and others. In 2022, the medical imaging segment dominated the overall cesium iodide market. The end user segment is categorized into healthcare, oil & gas exploration, industrial, and others. In 2022, the healthcare segment accounted for the highest market share in the cesium iodide market.
Get Free SampleMarket Dynamics
Driver:
- The rising demand for medical imaging techniques is boosting the revenue growth of cesium iodide at the global level.
- The increasing deployment of cesium iodide in the oil and gas industry is amplifying market growth.
Restraints:
- The presence of various other materials such as cadmium telluride and cadmium zinc telluride are likely to serve as the major restraint of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | CsI (Tl), CsI (Na), and CsI (Pure) |
| By Application | Medical Imaging, Radiology, Optical Components, Well Logging, and Others |
| By End User | Healthcare, Oil & Gas Exploration, Industrial, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as TCI Chemicals Pvt. Ltd., Merck KGaA, BERKELEY NUCLEONICS CORPORATION, and Radiation Monitoring Devices have a strong market position in current market circumstances. Further, the Cesium Iodide market is expected to witness significant growth in coming years due to increasing demand from various end use industries such as oil & gas industry. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in cesium iodide are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- TCI Chemicals Pvt. Ltd.
- Merck KGaA
- BERKELEY NUCLEONICS CORPORATION
- Radiation Monitoring Devices
- Amcrys
- Hamamatsu Photonics K.K.
- Scintacor
- Saint Gobain S.A.
- EPIC Crystal Company Limited
- Shanghai SICCAS
