Reports and Data estimates the global Cerium Oxide Nanoparticles competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Cerium Oxide Nanoparticles during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Cerion (US), Plasmachem (Germany), American Elements (US), Inframat Advanced Materials (US), NYACOL Nano Technologies (US), Nanophase Technologies (US), Meliorum Technologies, SkySpring Nanomaterials, American Elements, Strem Chemicals.
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Cerium Oxide Nanoparticles Overview :-
Cerium oxide is also used in applications like oxidation-resistant coatings, oxygen pumps, and oxygen sensors owing to their property of excellent oxidation-resistant material. Cerium oxide is a unique infrared absorbent and is used in coatings of heat resistant alloy and infrared filters. The demand for cerium oxide in the biomedical industry has increased owing to the increased awareness of applications of cerium oxide in the treatment of various diseases. For example, these particles can be developed as a remedy for oxidative stress disease owing to their catalytic antioxidant properties. Cerium oxide is extensively used as a catalyst material in industrial applications. For example, during the carbon monoxide reaction, they can elevate the oxygen storage capability at low temperatures. Additionally, research and development activities pertaining to the use of these particles are increasing. For example, recently, ultra-small cerium nanocubes were successfully synthesized due to which the photocatalytic activities were enhanced up to a certain extent on increasing the concentration of Indium doping.
Increasing demand for these particles in biomedical, biochemical, polishing, cosmetics, and energy sources are boosting the growth of cerium oxide market. Moreover, a wide range of physicochemical properties of cerium oxide, increased investment in research and development activities, and deep penetration of cerium oxide nanoparticles in various industrial applications are driving the market. However, toxicity caused by the cerium oxide resulting across multiple health conditions, negative impact on the environment, the high manufacturing cost of cerium oxide, and strict government regulations imposed on production and excess usage of these are expected to hinder the market growth during the forecast period.
Application Type Insights:
Biomedical has the highest CAGR for the forecasted period, where CMP has the largest market share. Asia-Pacific and North America both have a proportionate market share of cerium oxide nanoparticles in biomedical applications, due to its tremendous usage.
Making the consumer aware of the benefits of cerium oxide nanoparticles by performing cerium oxide tests in the optical coater market. To obtain higher grade companies are trying to optimize the production process.
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For the purpose of this report Reports and Data has segmented global Cerium Oxide Nanoparticles market on the basis of type, application, and region:
Form Type (Revenue in USD Million; Volume in Tons, 2018–2028)
Application Type (Revenue in USD Million; Volume in Tons, 2018–2028)
- Chemical Mechanical Planarization (CMP)
End-Use (Revenue in USD Million; Volume in Tons, 2018–2028)
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Cerium Oxide Nanoparticles during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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