The global cesium iodide market is expected to grow at a CAGR of 4.7% during the forecast period of 2023-2030, driven by the increasing demand in industries such as healthcare and oil & gas. The market is projected to reach USD 433.12 million by 2030, up from USD 300.94 million in 2022. Cesium iodide is widely used in radiation detection, imaging, and scintillation applications due to its high sensitivity and energy resolution. The CsI (Tl) segment holds the highest market share, and the medical imaging segment is the largest application segment. Asia Pacific is the leading region in the market, driven by increasing healthcare expenditure and the rising prevalence of diseases. Major market players include TCI Chemicals Pvt. Ltd., Merck KGaA, BERKELEY NUCLEONICS CORPORATION, and Radiation Monitoring Devices, Ltd.
Wed, 19 Jul 2023 10:00:00 GMT | GlobeNewswire