Cerium Oxide Nanoparticles Market: Global Industry Analysis and Forecast (2023-2029)

Cerium Oxide Nanoparticles Market size was valued at US$ 636.63 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 19.9% from 2022 to 2029, reaching nearly US$ 2267.90 Mn.
Cerium Oxide Nanoparticles Market Overview:
Market is expected to reach US$ 2267.90 Mn. by 2029. Cerium oxide nanoparticles (CeNPs) have antioxidant characteristics. This is due to their surface's ability to regenerate itself in reaction to their local surroundings, which is based on redox-cycling between 3+ and 4+ states for cerium. This report focuses on the different segments of the market (Product, Application, and Region). This report examines the top industry players and regions in depth (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a comprehensive look at today's rapid advancements in a range of fields. Facts and figures, visualisations, and presentations are used to highlight the primary data analysis from 2017 to 2022. The market drivers, restraints, opportunities, and challenges for Cerium Oxide Nanoparticles are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the market.

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Cerium Oxide Nanoparticles Market Dynamics:
Increasing adoption for the chemical in applications such as energy storage, polishing agents for glass mirrors, medicines, and as a UV-visible light protection, combined with the chemical's inherent advantages, is expected to drive market growth.

Cerium oxide nanoparticles are rare earth oxide metals that, due to their varied features and electrical structure, are used in a variety of applications such as energy storage devices, personal care products, and as polishing agents for glass mirrors. Due to their poor brightness, the use of cerium oxide nanoparticles in luminous devices and biological applications is limited.

Furthermore, due to their use in medicinal, environmental, and catalytic converters, these nanoparticles have seen substantial increase. Furthermore, governments in many countries are encouraging their use, which is expected to boost the market growth. Because of its increasing use as an antioxidant, spinal healing agent, and UV light sorbent, biomedical is expected to be one of the most important applications for cerium oxide nanoparticles.

In 2016, the market in the United States was worth USD 84.6 million, and by 2025, it is expected to reach USD 281.6 million, increasing at a CAGR of 14.5%. The country's strong automotive, glass, personal care, and pharmaceutical industries, as well as widespread awareness of their use, are expected to boost overall demand in the country.

The semiconductor industry in the United States is benefiting from government funding. In the industry, nanoceria is utilised as a polishing agent. As a result, during the forecast period, the semiconductor sector is expected to drive cerium oxide demand.

They're also employed in the automotive industry as catalyst converters and fuel additives because the chemical product can reduce particle emissions. Rising disposable income has driven a surge in demand for automobiles around the world, which is expected to boost the demand for cerium oxide nanoparticles during the forecast period.

The advancement of nano ceria's use and utilisation is expected to drive the market growth. The use of cerium oxide nanoparticles as an antioxidant in biological systems has yielded positive results, according to the National Centre for Biotechnology Information of the United States National Library of Medicine. The product is excellent for regenerative medicine and nanobiology applications.
Cerium Oxide Nanoparticles Market Segment Analysis:
The  Market is segmented by Product, and Application.

Based on the Application, the market is segmented into Catalyst, Polishing, Biomedical, Energy Storage, Personal Care and Cosmetics, and Others. Polishing segment is expected to hold the largest market share of xx% by 2029. This is due to the growth of the glass and construction industries. They're also used to polish and minimise scratches on vehicle glass, tabletop edges, and mirror bevels. Cerium oxide nanoparticles are expected to grow even faster during the forecast period as a result of this.

Personal Care and Cosmetics segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Because of increased awareness of sunscreen and other skin products, global demand for personal care products is increasing dramatically. Nano ceria is used in sunscreens as a UV filter. They also have biological oxidant properties, which are extremely desirable in personal care products. As a result, particle penetration in personal care products is growing, and this trend is expected to continue during the forecast period.

Energy Storage segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Because of the fast industrial growth in developing nations like India, China, and Japan, the energy storage market for cerium oxide nanoparticles is expected to grow rapidly. The potential of nanoceria to operate as a catalyst by absorbing or releasing oxygen without decomposition in a combustion engine and as a fuel additive in energy storage applications is expected to drive the market during the forecast period. Energy storage has a significant potential for growth since it can act as a catalyst in the combustion engine by absorbing or releasing oxygen.

Based on the Product, the market is segmented into Dispersion, Powder, and Other Product Types. Cerium Oxide Nanoparticles Dispersion segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Cerium oxide nanoparticle dispersions are cerium oxide (ceria) nanoparticle suspensions in water or organic solvents like ethanol or mineral oil.

Nanoparticle dispersion, which can range in size from objects to microparticles (e.g. atoms), has gotten a lot of attention. These particles, which have a variety of specialised capabilities, help us better understand nature while also laying the groundwork for the development of new advanced technology.
Cerium Oxide Nanoparticles Market Regional Insights:
The North American region is expected to dominate the Cerium Oxide Nanoparticles Market during the forecast period 2023-2029. The North American region is expected to hold the largest market share of xx% by 2029. Because the region is home to several global automotive businesses, and the government is encouraging investment through improved investment policies, highly skilled labour, and readily available infrastructure, the market in the region is expected to grow during the forecast period.

Due to their oxygen storage capacity and chemical reactivity, cerium oxide nanoparticles are employed as an electrolyte in solid oxide fuel cells (SOFC) in energy applications in the region. The market for solar power, wind power, and other renewable energy sources is growing in order to address environmental challenges such as global warming.

As people are becoming more aware of the importance of sunscreen and other skin products, the demand for personal care products is rising in the region. Nano ceria is used as a UV filter in sunscreens. They also have biological oxidant properties, which are extremely desirable in personal care products. As a result, nonoceria particles have penetrated personal care items.

Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. The recovery of Europe's economy is expected to enhance automotive sales in the region, driving the nanoceria market forward. Furthermore, the automotive sector in the region is one of the most important contributors to GDP due to rising demand and technological improvement.

The objective of the report is to present a comprehensive analysis of the Global Cerium Oxide Nanoparticles Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Cerium Oxide Nanoparticles Market dynamic and structure by analyzing the market segments and projecting the Global Cerium Oxide Nanoparticles Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Cerium Oxide Nanoparticles Market make the report investor’s guide.
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Cerium Oxide Nanoparticles Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 636.63 Mn.


Forecast Period 2023 to 2029 CAGR:
19.9 %
Market Size in 2029:
US $ 2267.90 Mn.


 Segments Covered:
by Product
• Dispersion
• Powder
• Other Product Types


by Application
• Catalyst
• Polishing
• Biomedical
• Energy Storage
• Personal Care and Cosmetics
• Others



Cerium Oxide Nanoparticles Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Cerium Oxide Nanoparticles Market Key Players
• Cerion
• American Elements
• Plasmachem
• Inframat Advanced Materials
• Nanophase Technologies
• nanoMAG
• Meliorum Technologies, Inc.
• Nanostructured & Amorphous Materials, Inc.
• ANP Corporation
• Skyspring Nanomaterials, Inc.
• Strem Chemicals, Inc.
• NYACOL Nano Technologies, Inc.
• Malvern Panalytical Ltd
• Horiba, Ltd
• Danaher

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Cerium Oxide Nanoparticles Market?
Ans. The North American region is expected to hold the highest share in the Cerium Oxide Nanoparticles Market.

2] Who are the top key players in the Cerium Oxide Nanoparticles Market?
Ans. Cerion, American Elements, Plasmachem, Inframat Advanced Materials, Nanophase Technologies, and nanoMAG are the top key players in the Cerium Oxide Nanoparticles Market.

3] Which segment is expected to hold the largest market share in the Cerium Oxide Nanoparticles Market by 2029?
Ans. Polishing segment is expected to hold the largest market share in the Cerium Oxide Nanoparticles Market by 2029.

4] What is the market size of the Cerium Oxide Nanoparticles Market by 2029?
Ans. The market size of the Cerium Oxide Nanoparticles Market is expected to reach US $2267.90 Mn. by 2029.

5] What was the market size of the Cerium Oxide Nanoparticles Market in 2022?
Ans. The market size of the Cerium Oxide Nanoparticles Market was worth US $636.63 by 2022.