E-beam electron accelerators or Electron Beam (EB) accelerators have emerged as one of the potential tools used in applied and basic sciences. They are widely used for material radiation processing and have changed the field for better. Electron Beam (EB) accelerators are replacing the conventional techniques of curing paints, adhesives, and varnishes. They not only enhance the quality but also have a long-term influence on paints and adhesives. The beam is helpful in improving the mechanical and thermal properties of sheets and cables. There is increasing popularity of the product in the medical sector to eliminate cancer cells and tumors while keeping healthy tissues safe.
There has been a substantial increase in the usage of the accelerator for treating wastewater. It is used to remove organic and microbial contaminants. The technology is used and is suitable for end-users and can be installed in various locations. Experimental and mechanical methods were used to test the X-ray field. The end result was an innovative solution which can be used to treat wastewater.
According to Business Research Insights, the global Electron Beam (EB) Accelerators market size was US$ 125.8 million in 2021 and size of USD 147.5 million by 2028 with a CAGR of 2.3% over the forecast period. The market has leading players such as IBA, Wasik, IOTRON, and Jiangsu Dasheng Electron Accelerator.
Acquisition Strategies for Expansion of Customer Base
Players of the market have opted for acquisition strategies for expanding their customer reach and product portfolio. In April 2021, Covestro acquired the Resins & Functional Materials business (RFM) of the Dutch Corporation. The players have been adopting acquisition strategies to expand their company’s presence in the market.
Business Research Insights Reports Top 4 Key Players of Electron Beam (EB) Accelerators
1. IBA SA (Belgium)
Ion Beam Applications (IBA) SA is a Belgium-based medical technology company that is located in Louvain-la-Neuve, Belgium. The company was founded 36 years ago in 1986. It currently operates in 40 countries. The company has developed cyclotrons and integrated proton therapy centers. It is one of the largest manufacturers of X-ray generators and electron beam accelerators. It supplies services and equipment to Proton Partners International. IBA installed its first proton therapy equipment in Massachusetts General Hospital.
2. Wasik (U.S.)
Wasik is an American-based company that manufactures electron beam processing systems in various industries such as shrink, film, foam, wire, tire, cable, medical, and shrink tubing. The company also designs and sells customized components and upgrades of the system. The company was started in 1982 and was started by the family of the same name. It has been in business for 30 years. Wasik finds its presence in various parts of the world such as in Europe, Russia, China, Australia, South America, and Mexico.
3. IOTRON (Canada)
IOTRON is a Canadian privately-owned innovative technology company. It is now a part of Sterigenics. It is a global leader in sterilization in medical devices, packaging, advanced applications, pharmaceuticals, food industries, and commercial. It conducts operations in 13 countries with 48 facilities. There are over 1,600 engineers, safety specialists, scientists, and solution providers of IOTRON.
4. Jiangsu Dasheng Electron Accelerator Co., Ltd. (China)
Jiangsu Dasheng Electron Accelerator Co., Ltd. is located in Jiangsu Province of China. The accelerator division focuses on manufacturing of under-beam, manufacturing electron accelerator, and transport system for industrial purposes.
Technological Innovations and R&D Activities to Present Market with Sizeable Prospects
E-beam accelerator is a type of particle accelerator that uses electron cyclotron resonance that uses radiofrequency electromagnetic fields. It is used to quicken electrons to relative speeds. There is increasing expenditure and spending in R&D activities for developing new applications of Electron Beam (EB) accelerators. The beam produced can be used in various applications such as food preservation, sterilization, medical treatment, and others. Increasing demand for quality control in various industries is expected to present the Electron Beam (EB) accelerators industry with sizable prospects.