Cerium Oxide Nanoparticles Market
Cerium Oxide Nanoparticles Market Size, Industry Forecast Report 2023-2028
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 share, size, 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?
The global cerium oxide nanoparticles market size reached US$ 795.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,230.4 Million by 2028, exhibiting a growth rate (CAGR) of 18.3% during 2023-2028.
What are cerium oxide nanoparticles?
Cerium oxide nanoparticles (CeNPs), also known as nanoceria, refer to the inorganic antioxidants that are designed to provide catalytic activities. They are widely available in powder and dispersion form and provide corrosion resistance properties. They offer enhanced resistivity, strength, optical absorption, and conductivity as compared to other atoms. As a result, CeNPs are widely utilized in the personal care, medical, automotive, and pharmaceutical industries across the globe.
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What are the growth prospects and trends in the cerium oxide nanoparticles industry?
At present, the rising adoption of CeNPs as an antioxidant in the medical industry to prevent diseases among individuals represents one of the primary factors strengthening the market growth. Besides this, the growing utilization of CeNPs in board or substrate, passive components, displays, and conductive adhesives is offering a positive market outlook. Apart from this, the increasing demand for CeNPs, as they offer physio-chemical properties that increase the performance of a product, is bolstering the growth of the market. Moreover, the rising adoption of CeNPs in the personal care industry, as they provide protection against ultraviolet (UV) light, is contributing to the growth of the market. Additionally, the increasing demand for CeNPs as a polishing agent for glass mirrors is offering lucrative growth opportunities to industry investors. Furthermore, the rising utilization of CeNPs in the automotive sector as catalyst converters and fuel additives is propelling the growth of the market.
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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