01-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Cerium Oxide Nanoparticles Market By Form (Dispersion, Powder) and By Application (Chemical Mechanical Planarization, Catalyst, Biomedical, Energy): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Cerium Oxide Nanoparticles market in 2019 was around USD 145 Million. The market is expected to grow at a CAGR of 14% and is anticipated to reach around USD 365 Million by 2026.
Cerium Oxide Nanoparticles also called nanoceria, are nanoparticles of ceria that have a diameter of 1-500nm. It belongs to the lanthanide series in the periodic table and is considered to be a rare earth oxide metal, which is used in numerous applications such as personal care, energy, and medical. It is richly found in the rocks of bastnaesite and monazite and is considered to be important owing to the presence of oxygen which is highly reactive.
The use of cerium oxide nanoparticles in various applications like energy, chemical, and medical is likely to drive the market in the forecasted period. Also, the focus of major developed countries in the region of Europe and North America in developing nanotechnology research for applying it across various defense and aerospace technology has also helped to propel the market. Countries of developing region like China and India are also focusing on spending a huge amount of their economy on research and development in the pharmaceutical industry. However, the toxicity caused by these nanoparticles is also considered to be a major restraining factor in the growth of the market. There are various factors that cause such toxicity like the size of the particles, types of cells, and also the method through which they are exposed. These small particles being very minute, can easily enter the bloodstream and cause severe damage to the nervous system. Nevertheless, the potential of nanoceria in working as an antioxidant in several medical applications provides various opportunities for the growth of the market. Also, the eco-friendly synthesis of nanoceria has helped in assisting the market growth in the forecasted period.
Browse the full “Cerium Oxide Nanoparticles Market By Form (Dispersion, Powder) and By Application (Chemical Mechanical Planarization, Catalyst, Biomedical, Energy): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/cerium-oxide-nanoparticles-market-by-form-dispersion-powder-1052
As per the form analysis, the market is divided into powder and dispersion, out of which the dispersion segment is expected to dominate the market owing to their excellent optical, electronic, and magnetic properties. It is also used as an intermediate in the purification of various elements from the ores and has a reversible conversion to a nonstoichiometric oxide. As per the application analysis, the chemical mechanical planarization (CMP) is expected to dominate the market as it is majorly used in manufacturing semiconductors which helps in manufacturing small circuits which in turn improves the performance. The semiconductor fabrication facilities that produce feature sizes below 0.35 micron uses this process of CMP. Cerium Oxide nanoparticles are also used as a catalyst, where the particles of Ce3+ and Ce4+ works as a catalytic converter as they tend to give up oxygen without decomposing it. Nanoceria tends to release oxygen in the exhaust stream of the engine depending on the pressure of the oxygen.
As per the regional analysis, the region of North America is expected to show dominance in the market owing to the substantial rise in the use of the cerium oxide nanoparticles market in Chemical Mechanical Planarization (CMP) and various biomedical applications. With the growing healthcare industry in this region, there has been a significant rise in the market. As the region of North America is among the major producers and exporters of semiconductors, this is the prime reason which is driving the market in the forecasted period.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 145 Million |
Projected Market Size in 2026 |
USD 365 Million |
CAGR Growth Rate |
14% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Cerion, ·Plasmachem, ·American Elements, ·Inframat Advanced Materials, ·NYACOL Nano Technologies, ·Nanophase Technologies, and others. |
Key Segment |
By Form, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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The major key players that are involved in the cerium oxide nanoparticles market are as follows:
- ·Cerion
- ·Plasmachem
- ·American Elements
- ·Inframat Advanced Materials
- ·NYACOL Nano Technologies
- ·Nanophase Technologies
- ·Others
This report segments the Cerium Oxide Nanoparticles market as follows:
Global Cerium Oxide Nanoparticles Market: By Form Segmentation Analysis
Global Cerium Oxide Nanoparticles Market: By Application Segmentation Analysis
- Chemical Mechanical Planarization
- Catalyst
- Biomedical
- Energy
lobal Cerium Oxide Nanoparticles Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Rest of Middle East & Africa
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