The global cerium oxide nanoparticles market reached a value of US$ 668.1 million in 2021. Looking forward, the market is projected to reach a value of US$ 1,902.20 million by 2027, exhibiting a CAGR of 18.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.
Cerium oxide nanoparticles (CeNPs), also known as nanoceria, are inorganic antioxidants displaying bio-relevant activities that mimic superoxide dismutase (SOD), catalase, peroxidase, and oxidase. They are synthesized using hydrothermal, solvo-thermal, and micro emulsification methods. They have unique characteristics, such as high catalytic activity, large surface area, switchable redox reactivity, and oxygen transferability, at a nanoscale level that vary according to the size, shape, charge, and surface coating and reactivity. As a result, CeNPs find extensive applications in chemical mechanical planarization (CMP), biomedicine, and energy storage across the globe.
There is a considerable rise in the utilization of CeNPs in corrosion protection, fuel oxidation catalysis, and automotive exhaust treatment. They are also used in polishing wafers during semiconductor circuit manufacturing. Besides this, CeNPs are employed in the personal care industry on account of their ultraviolet (UV) light filtering potential. Moreover, governments of numerous countries are focusing on reliance on renewable energy for reducing pollution levels and carbon emissions. This, along with the increasing use of CeNPs in solar cells around the world, is driving the overall sales and profitability. Apart from this, CeNPs have tumor-suppressing properties in vitro and in vivo for various cancers, such as lung, colon, and ovarian, which is catalyzing the demand for CeNPs worldwide. Additionally, the lattice structure of CeNPs forms oxygen vacancies, which enable them to act as scavengers of free radicals in physiological conditions. This, coupled with the burgeoning pharmaceutical industry, is positively influencing the market. Furthermore, the increasing focus of market players on expanding their product portfolio is projected to strengthen the growth of the market in the upcoming years.
This report provides an analysis of the key trends in each sub-segment of the global cerium oxide nanoparticles market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on form, synthesis method and application.
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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).
Cerium oxide nanoparticles (CeNPs), also known as nanoceria, are inorganic antioxidants displaying bio-relevant activities that mimic superoxide dismutase (SOD), catalase, peroxidase, and oxidase. They are synthesized using hydrothermal, solvo-thermal, and micro emulsification methods. They have unique characteristics, such as high catalytic activity, large surface area, switchable redox reactivity, and oxygen transferability, at a nanoscale level that vary according to the size, shape, charge, and surface coating and reactivity. As a result, CeNPs find extensive applications in chemical mechanical planarization (CMP), biomedicine, and energy storage across the globe.
Cerium Oxide Nanoparticles Market Trends
There is a considerable rise in the utilization of CeNPs in corrosion protection, fuel oxidation catalysis, and automotive exhaust treatment. They are also used in polishing wafers during semiconductor circuit manufacturing. Besides this, CeNPs are employed in the personal care industry on account of their ultraviolet (UV) light filtering potential. Moreover, governments of numerous countries are focusing on reliance on renewable energy for reducing pollution levels and carbon emissions. This, along with the increasing use of CeNPs in solar cells around the world, is driving the overall sales and profitability. Apart from this, CeNPs have tumor-suppressing properties in vitro and in vivo for various cancers, such as lung, colon, and ovarian, which is catalyzing the demand for CeNPs worldwide. Additionally, the lattice structure of CeNPs forms oxygen vacancies, which enable them to act as scavengers of free radicals in physiological conditions. This, coupled with the burgeoning pharmaceutical industry, is positively influencing the market. Furthermore, the increasing focus of market players on expanding their product portfolio is projected to strengthen the growth of the market in the upcoming years.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global cerium oxide nanoparticles market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on form, synthesis method and application.
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
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
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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).
Key Questions Answered in This Report
- How has the global cerium oxide nanoparticles market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global cerium oxide nanoparticles market?
- What are the key regional markets?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the synthesis method?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global cerium oxide nanoparticles market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Cerium Oxide Nanoparticles Market
What is the estimated value of the Global Cerium Oxide Nanoparticles Market?
What is the growth rate of the Global Cerium Oxide Nanoparticles Market?
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Who are the key companies in the Global Cerium Oxide Nanoparticles Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 668.1 Million |
| Forecasted Market Value ( USD | $ 1902.2 Million |
| Compound Annual Growth Rate | 19.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Cerium Oxide Nanoparticles Market
6 Market Breakup by Form
7 Market Breakup by Synthesis Method
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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)
Methodology
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