IMARC Group, a leading market research company, has recently releases report titled “Cerium Oxide Nanoparticles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global cerium oxide nanoparticles market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Cerium Oxide Nanoparticles Market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 795.4 Million |
| Market Forecast in 2028 | US$ 2,230.4 Million |
| Growth rate (2023 to 2028) | CAGR of 18.3% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is Cerium Oxide Nanoparticles?
Cerium oxide nanoparticles (CeNPs), also referred to as nanoceria, possess inorganic antioxidant properties and exhibit bio-relevant activities resembling various enzymes like superoxide dismutase, catalase, peroxidase, and oxidase. They are synthesized through methods such as hydrothermal, solvo-thermal, and micro emulsification techniques. These nanoparticles have unique attributes, including high catalytic activity, a large surface area, redox reactivity that can be switched on and off, and the ability to transfer oxygen at the nanoscale level. These characteristics vary based on factors such as size, shape, charge, surface coating, and reactivity. Consequently, cerium oxide nanoparticles find wide-ranging applications in areas like chemical mechanical planarization (CMP), biomedicine, and energy storage on a global scale.
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What are the growth prospects and trends in the cerium oxide nanoparticles industry?
Cerium oxide nanoparticles are experiencing significant growth in applications such as corrosion protection, fuel oxidation catalysis, and automotive exhaust treatment. They are also utilized in the semiconductor industry for wafer polishing during circuit manufacturing. Furthermore, the personal care industry benefits from the UV light filtering capabilities of CeNPs.
Governments worldwide are prioritizing renewable energy sources to reduce pollution and carbon emissions, contributing to the increased adoption of CeNPs in solar cells. Moreover, cerium oxide nanoparticles demonstrate tumor-suppressing properties for various cancers, including lung, colon, and ovarian, both in vitro and in vivo, driving their demand globally.
The lattice structure of CeNPs creates oxygen vacancies, enabling them to scavenge free radicals in physiological conditions. This aligns with the growth of the pharmaceutical industry, further bolstering the market. Additionally, market players are actively expanding their product portfolios, which is expected to foster market growth in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Form:
- Dispersion
- Powder
Breakup by Synthesis Method:
- Traditional Synthesis Methods
- Green Synthesis Methods
Breakup by Application:
- Energy Storage
- Polishing Agent
- Personal Care
- Pharmaceuticals
- Others
Market 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
Who are the key players operating in the industry?
The report covers the major market players including:
- 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.
- Strem Chemicals Inc. (Ascensus Specialties LLC)
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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