According to the latest report by IMARC Group, titled “Global Cerium Oxide Nanoparticles Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global cerium oxide nanoparticles market 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.
Cerium oxide nanoparticles (CeNPs), or nanoceria, are inorganic antioxidants synthesized by decomposing cerium−oleate complex in solvents with a high boiling point. They adjust their electronic configuration to fit the immediate environment. Besides this, CeNPs have unique characteristics such as high catalytic activity, large surface area, switchable redox reactivity, and oxygen transferability. Owing to these properties, these nanoparticles find extensive applications in chemical mechanical planarization (CMP), energy storage, and biomedicine across the globe.
Base Year: 2021
Forecast Year: 2022-2027
Cerium Oxide Nanoparticles Market Trends and Drivers:
The market is primarily driven by the increasing utilization of CeNPs in corrosion protection, fuel oxidation catalysis, and automotive exhaust treatment. Besides this, the implementation of favorable government initiatives to promote the usage of renewable energy and reduce pollution levels is also contributing to the market growth.
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Moreover, CeNPs are used to treat lung, colon, and ovarian cancers as they have tumor-suppressing properties in vitro and in vivo for multiple cancers. This, coupled with the rising product adoption in the personal care industry, is creating a positive market outlook across the globe.
Furthermore, several leading players are investing in research and development (R&D) activities to expand their product portfolio, which is expected to propel market growth in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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.
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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