The global cerium oxide nanoparticles market is expected to reach USD 1.04 billion by 2025,
according to a new report by Grand View Research, Inc. Strong demand from
sectors such as construction and automobiles, increasing research and
technological advancements is expected to benefit the market demand.
Regarding application, energy
storage dominated the segment and is expected to grow at a CAGR of 14.7% from
2017 to 2025. Cerium oxide nanoparticles is widely used as catalyst converters
and fuel additive which enables to decrease the burnout time, reduce ignition
time and peak temperature in automotive industry. These advantages coupled with
the growth of automotive industry is expected to favor market growth over the
next eight years.
The chemical product has
capability to act as UV refractors in sunscreen as they absorb and neutralize
organophosphates (Ops). Moreover, it also enhances the quality of the personal
care products. Cerium oxide nanoparticles are used in the manufacturing of
energy storage products, personal care products, pharmaceutical products and as
a polishing agent for glass industry. The broad application portfolio has
benefitted the chemical demand in the recent past, and this scenario is
expected to continue over the forecast period.
Companies have adopted
strategies to make aware the consumers about benefits of cerium oxide
nanoparticles by performing cerium oxide test in the optical polishing
laboratory. In addition, companies are also trying to optimize their production
process to obtain a high grade of the product.
Access Research Report of Cerium Oxide Nanoparticles Market@:
Further key findings from the report suggest:
· The global cerium oxide nanoparticles
demand was 9.1-kilo tons in 2016 in terms of volume and is expected to grow at
a forecasted CAGR of 14.0% over the forecasted period.
· Energy storage was the largest application
segment in 2016 and is expected to reach USD 359.1 million by 2025
· Polishing agent application segment is
anticipated to grow at a forecasted CAGR of 14.5% from 2017 to 2025
· Cerium oxide nanoparticles in
pharmaceuticals are used to address issues such as obesity and lungs diseases.
It acts as therapeutic agent for the treatment of intra-abdominal infection.
· Industry participants include Strem
Chemicals, Inc., Nanophase Technologies, Corporation, American Elements among
others.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/nanoparticles
Grand View Research has
segmented the global cerium oxide nanoparticles market on the basis of
application, and region:
Cerium Oxide Nanoparticles Application Outlook (Revenue,
USD Million; Volume kilo tons, 2014 - 2025)
·
Energy Storage
·
Polishing Agent
·
Personal Care
·
Pharmaceuticals
·
Others
Cerium Oxide Nanoparticles Regional Outlook (Revenue, USD
Million; Volume kilo tons, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
UK
o
Germany
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
·
Middle East & Africa
Access Press Release of
Cerium Oxide Nanoparticles Market @: www.grandviewresearch.com/press-release/global-cerium-oxide-nanoparticles-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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