Cerium Oxide Nanoparticles Market Analysis | 2023-2028

Market Insights

The cerium oxide nanoparticles market was estimated at USD 395.67 million in 2022 and is likely to grow at a CAGR of 20.99% during 2023-2028 to reach USD 1257.04 million in 2028.

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Market Dynamics

Introduction

Cerium oxide nanoparticles usually referred to as nanoceria, are nanoparticles of ceria bearing a diameter of 1–500 nm. Ceria is a rare earth metal belonging to the lanthanide series in the periodic table. It is plentifully found in monazite and bastnaesite rocks.

Cerium oxide nanoparticles have gained paramount importance in recent times owing to the presence of reactive oxygen. They have high oxygen storage capacity and can effortlessly transit between trivalent and tetravalent states.

Market Drivers

The increasing demand for cerium oxide nanoparticles from the CMP (Chemical Mechanical Planarization) application, especially in North America, is bolstering the growth of the global cerium oxide nanoparticles market.

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Segment Analysis

By Form Type

"Dispersion form type segment is estimated to lead the market during the forecast period"

Based on the form type, the market is segmented as dispersion and powder. The dispersion form type segment is estimated to lead the market during the forecast period.

By Application Type

"Biomedical application type segment is estimated to lead the market during the forecast period"

Based on the application type, the market is segmented as chemical mechanical planarization (CMP), catalyst, biomedical, energy, and others. The biomedical application type segment is estimated to lead the market during the forecast period. Driven by the presence of reactive oxygen species (ROS) cerium oxide nanoparticles are used for various biomedical applications. These particles hold neurodegenerative effects, antibacterial activity, SOD mimicking activity, catalase mimicking activity, and peroxidase mimicking activity. Current studies suggest that cerium oxide nanoparticles also own antioxidant properties for other applications. Thus, the increased government funding to comprehend the potential applications of cerium oxide nanoparticles is expected to bolster the demand for cerium oxide nanoparticles in biomedical applications.

Regional Analysis

"North America is the largest market for cerium oxide nanoparticles during the forecast period"

In terms of regions, North America is the largest market for cerium oxide nanoparticles and Asia-Pacific is the fastest-growing market, in terms of value. Countries in North America are portraying a significant increase in the use of cerium oxide nanoparticles in CMP and biomedical applications. The region is depicting a growth in the healthcare industry and the presence of the largest producers and exporters of semiconductors is propelling the market for cerium oxide nanoparticles. The US was the largest market for cerium oxide nanoparticles in 2018 in this region and is expected to maintain its dominance during the forecast period as well. Europe is also expected to offer substantial growth opportunities in the coming five years.

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Key Players

The following are the key players in the cerium oxide nanoparticles market:

• American Elements
• ANP Corporation
• Cerion, LLC
• Inframat Advanced Materials LLC
• Meliorum Technologies, Inc.
• Nyacol Nano Technologies Inc.
• Nanophase Technologies Corporation
• Plasmachem GmbH
• Skyspring Nanomaterials, Inc.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The cerium oxide nanoparticles market is segmented into the following categories. 

By Form Type

• Dispersion 
• Powder 

By Application Type

• Chemical Mechanical Planarization (CMP) 
• Catalyst 
• Biomedical 
• Energy 
• Others 

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s cerium oxide nanoparticles market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the form types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.