Radiation Processing in Chemical Sector Market, Global Outlook and Forecast 2024-2030
The global Radiation Processing market size was valued at US$ 3.45 billion in 2024 and is projected to reach US$ 5.67 billion by 2030, at a CAGR of 8.6% during the forecast period 2024-2030.
The United States Radiation Processing market size was valued at US$ 892.4 million in 2024 and is projected to reach US$ 1.45 billion by 2030, at a CAGR of 8.4% during the forecast period 2024-2030.
Radiation Processing involves the use of ionizing radiation for chemical modification and sterilization in industrial applications.
The global market is experiencing robust growth, driven by industrial sterilization needs and material modification applications. In 2023, processing volume reached 850,000 metric tons globally, with medical sector accounting for 40% of demand. The market saw a 35% increase in e-beam processing adoption in 2023. Gamma radiation dominates with a 60% market share, while e-beam processing is growing at 12% annually. North America leads with a 45% market share, while Asia Pacific is the fastest-growing region at 9.2% CAGR. The industry is focusing on developing new applications, with a 45% growth in R&D investments for technology advancement.
Report Overview
Radiation Processing in the Chemical Sector refers to the use of ionizing radiation, such as gamma rays and electron beams, to modify and improve the properties of chemicals and polymers.
This report provides a deep insight into the global Radiation Processing in Chemical Sector market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Radiation Processing in Chemical Sector Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Radiation Processing in Chemical Sector market in any manner.
Global Radiation Processing in Chemical Sector Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
IBA
WASIK ASSOCIATES
Jiangsu Dasheng Electron Accelerator
Iotron
VIVIRAD GROUP
Sterigenics
Steris
EL Point
Market Segmentation (by Type)
Radioisotope
Electronic Accelerator
Market Segmentation (by Application)
Wire and Cable
Polyolefin Foam
Rubber
Other
Geographic Segmentation
