The latest research study “Cerium Oxide Nanoparticles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global cerium oxide nanoparticles market size reached a value of US$ 668.1 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,902.20 Million by 2027, exhibiting a CAGR of 18.60% during 2022-2027.
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Cerium oxide nanoparticles (CeNPs), or nanoceria, refer to inorganic antioxidants that imitate the bio-relevant activities of catalase, peroxidase, oxidase, and superoxide dismutase (SOD). They are produced through the processes of hydrothermal, solvothermal, and micro-emulsification. They possess unique properties such as high catalytic activity, vast surface area, switchable redox reactivity, and oxygen transferability at a nanoscale level that vary depending on size, shape, and reactivity. As a result, CeNPs find extensive applications in energy storage, chemical mechanical planarization (CMP), and biomedicine across the globe.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Cerium Oxide Nanoparticles Market Trends and Drivers:
The global cerium oxide nanoparticles market is primarily driven by the rising product utilization in corrosion protection, fuel oxidation catalysis, and automotive exhaust treatment. Moreover, the surging product adoption in the personal care industry due to their ultraviolet (UV) light filtering potential is positively influencing the market growth.
Additionally, governments of numerous countries are focusing on using renewable energy sources to reduce pollution and carbon emissions. In line with this, the increasing use of CeNPs in solar cells has catalyzed market growth. Furthermore, the lattice structure of CeNPs generates oxygen vacancies that allow them to function as free radical scavengers in physiological conditions.
Along with this, the emerging pharmaceutical industry is contributing to market growth. Other factors, including the rising demand for personal care products, increasing government investments in pharmaceutical research and development (R&D) activities, and product innovations, are also anticipated to create a favorable market outlook.
Global Cerium Oxide Nanoparticles Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Cerium Oxide Nanoparticles Compnaies:
American Elements, Cerion LLC, Inframat Corporation, Meliorum Technologies Inc., Nanophase Technologies Corporation, Nanostructured & Amorphous Materials Inc., NYACOL Nano Technologies Inc., PlasmaChem GmbH, SkySpring Nanomaterials Inc. and Strem Chemicals Inc. (Ascensus Specialties LLC).
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The report has segmented the market on the basis of region, form, synthesis method and application.
Breakup by Form:
Breakup by Synthesis Method:
- Traditional Synthesis Methods
- Green Synthesis Methods
Breakup by Application:
- Energy Storage
- Polishing Agent
- Personal Care
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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