Market Overview:

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. Keeping in mind the uncertainties of COVID-19, we are 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.

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:

IMARC Group 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. Our 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).

Report Coverage: