Cerium Oxide Nanoparticles Market Is Anticipated To Witness Significant Growth Prospects With Rising CAGR By 2025|Grand View Research, Inc.


The global cerium oxide nanoparticles market is expected to reach USD 1.04 billion by 2025, according to a new report by Grand View Research, Inc. Strong demand from sectors such as construction and automobiles, increasing research and technological advancements is expected to benefit the market demand.
Regarding application, energy storage dominated the segment and is expected to grow at a CAGR of 14.7% from 2017 to 2025. Cerium oxide nanoparticles is widely used as catalyst converters and fuel additive which enables to decrease the burnout time, reduce ignition time and peak temperature in automotive industry. These advantages coupled with the growth of automotive industry is expected to favor market growth over the next eight years.
The chemical product has capability to act as UV refractors in sunscreen as they absorb and neutralize organophosphates (Ops). Moreover, it also enhances the quality of the personal care products. Cerium oxide nanoparticles are used in the manufacturing of energy storage products, personal care products, pharmaceutical products and as a polishing agent for glass industry. The broad application portfolio has benefitted the chemical demand in the recent past, and this scenario is expected to continue over the forecast period.
Meliorum Technologies, Inc., Strem Chemicals, Inc, Nanophase Technologies, Corporation, SkySpring Nanomaterials, Inc, , American Elements, Nanostructured & Amorphous Materials Reinste Nano Ventures Pvt Ltd., NYACOL Nano Technologies, Inc, Inframat Advanced Materials, LLC, and PlasmaChem GmbH are some of the key players present within the global industry.
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https://www.grandviewresearch.com/industry-analysis/cerium-oxide-nanoparticles-market/request/rs4
Cerium oxide nanoparticles are rare earth oxide metal, which are utilized in various applications such as, in energy storage products, personal care products, also act as polishing agent for glass mirrors, owing to its versatile properties and electronic configuration. However, the utilization of cerium oxide nanoparticles is limited in luminescent devices, and biomedical owing to weak luminescence.
Further key findings from the report suggest:
·         The global cerium oxide nanoparticles demand was 9.1-kilo tons in 2016 in terms of volume and is expected to grow at a forecasted CAGR of 14.0% over the forecasted period.
·         Energy storage was the largest application segment in 2016 and is expected to reach USD 359.1 million by 2025
·         Polishing agent application segment is anticipated to grow at a forecasted CAGR of 14.5% from 2017 to 2025
·         Cerium oxide nanoparticles in pharmaceuticals are used to address issues such as obesity and lungs diseases. It acts as therapeutic agent for the treatment of intra-abdominal infection.
·         Industry participants include Strem Chemicals, Inc., Nanophase Technologies, Corporation, American Elements among others.
Moreover, these nanoparticles have witnessed significant growth due to the application in biomedical, environmental protection, and catalytic converters. Additionally, the government from various regions are supporting their usage, which is expected to propel the industry growth. Biomedical is expected to be one of the key application for cerium oxide nanoparticles owing to its rising utilization as an antioxidant, spinal healing agent, and UV light sorbent.
The market worth in the U.S. was USD 84.6 million in 2016 and is forecasted to be USD 281.6 million by 2025 growing at an anticipated CAGR of 14.5% over the forecast period. The presence of a strong automotive, glass, personal care and pharmaceutical industry in the country coupled with the prevalent awareness of its usage is anticipated to benefit the overall demand in the country.
The semiconductor industry in the U.S. is benefitting from the government investment in the sector. The nano ceria is used as a polishing agent in the industry. Thus, the growth in the semiconductor industry is expected to propel the cerium oxide demand over the forecast period.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-cerium-oxide-nanoparticles-market
They are also used as a catalyst converter and fuel additive in the automotive industry, as the chemical product has an ability to mitigate the particles emission. The rising disposable income across the globe has catered to a rise in demand for automotive vehicles, which might benefit the demand of cerium oxide nanoparticles over the forecast period.
The research on nano ceria’s application and enhancement of utilization is expected to propel the industry growth. According to National Center for Biotechnology Information, U.S. National Library of Medicine, positive results were gathered pertaining to cerium oxide nanoparticles usage as an antioxidant in the biological systems. The research concluded that the product is suitable in regenerative medicine, and nanobiology application.
Grand View Research has segmented the global cerium oxide nanoparticles market on the basis of application:
Cerium Oxide Nanoparticles Application Outlook (Revenue, USD Million; Volume kilo tons, 2014 - 2025)
·          Energy Storage
·          Polishing Agent
·          Personal Care
·          Pharmaceuticals
·          Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.





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