Global Cerium Oxide Nanoparticles Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global cerium oxide nanoparticles market in its upcoming report titled, “Global Cerium Oxide Nanoparticles Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global cerium oxide nanoparticles market is estimated to register a CAGR of XX.X% during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the cerium oxide nanoparticles market, their financials, supply chain trends, products and related technological innovations, key developments, apart from current and future strategies, acquisitions & mergers, and market footprint. The global cerium oxide nanoparticles market report has been segmented on the basis of form, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various reliable sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts, with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make more accurate and informed forecasts about the market scenario in future.

Cerium oxide (CeO₂), also known as ceria, ceric oxide, ceric dioxide, cerium(IV) oxide or cerium dioxide, is an oxide obtained by calcination of cerium oxalate or cerium hydroxide, which appears as white or pale yellow solid particles and is slightly hygroscopic in nature. It is widely used for various applications in catalytic converters, energy storage devices, biomedical, etc.

A major factor driving growth of the global cerium oxide nanoparticles market is increasing demand for cerium oxide nanoparticles from electronics industry, wherein cerium oxide nanoparticles are used to polish wafers with help of chemical mechanical planarization process.  In addition, increasing demand from other end-use industries such as energy, personal care, cosmetics, pharmaceuticals, and chemicals, is another factor driving growth of the global market. Moreover, increasing adoption of cerium oxide nanoparticles in fuel cell production is a current trend observed in the global market. This factor is expected to fuel growth of the target market to a significant extent over the forecast period.

In spite of having various application, toxicity caused due to cerium oxide nanoparticles is affecting environment. This is a major factor restraining growth of the global cerium oxide nanoparticles market. In addition, stringent government regulation on use of cerium oxide nanoparticles is another factor expected to hamper growth of the target market to a certain extent during the forecast period. Synthesis of eco-friendly cerium oxide Nano-powder and potential use in medical application, are factors expected to present lucrative business opportunities for major manufacturers in the global market over the next 10 years.

The North America market accounts for highest share in the global cerium oxide nanoparticles market in terms of revenue and is expected to maintain its dominance over the forecast period. This dominance can be attributed to increasing demand for cerium oxide nanoparticles from pharmaceutical and biomedical industries in the region. The market in Asia Pacific is expected to register significant growth in terms of revenue, owing to rapid development in electronic and semiconductor, and healthcare industries in countries in the region.

Global Cerium Oxide Nanoparticles Market Segmentation:

Segmentation on the basis of form:

• Dispersion
• Powder

Segmentation on the basis of application:

• Energy Storage
• Polishing Agent
• Personal Care
• Pharmaceuticals
• Others

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa