According to the current analysis of Reports and Data, the global Cerium oxide nanoparticles market was valued at USD 257 Million in 2018 and is expected to reach USD 1,135 Million by the year 2026, at a CAGR of 19.8%. Cerium is a rare earth material that belongs to a lanthanide group of elements. Cerium reacts with oxygen to form cerium oxide nanoparticles, which have a wide range of applications across all fields. Cerium element is found in abundance, which has increased its importance in various biochemical, biomedical, and catalytic applications like low-temperature water-shift reaction, solar cells, oxygen sensors, auto-exhaust catalysts, glass polishing materials, cosmetics, and oxidation-resistant coatings. In small quantities, these are added to the end-products to improve the product’s performance. However, excess use of cerium oxide nanoparticles can lead to toxicity. Cerium oxide has gained considerable importance in the medical field owing to its excellent self-regenerating antioxidant properties. It serves as a promising antioxidant for the treatment of various oxidative stress-related diseases. One of the significant challenges that still need to be solved is the safe and efficient use of cerium oxide nanoparticles in the pharmacological agents since nanoparticles tend to agglomerate, which can lead to toxicity and detrimental side-effects.
Additionally, cerium oxide nanoparticles are extensively used in chemical mechanical planarization (CMP), corrosion protection, fuel oxidation catalysis, and automotive exhaust treatment. Cerium oxide nanoparticles also exhibit bio-relevant activities like mimicking superoxide dismutase (SOD), peroxidase, oxidase, phosphatase, and scavenging hydroxyl radicals. Thus, a wide range of unique properties coupled with increased applications in various fields is driving the market growth.
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Further key findings from the report suggest
- Cerium oxide nanoparticles market is growing at a CAGR of 5% in the Asia Pacific, followed by North America and Europe, with 19.4 % and 19.3% CAGR, respectively. Increased R&D activities, coupled with high penetration of cerium oxide nanoparticles in various industrial applications, are expected to drive the market growth.
- As of 2018, Dispersion form type is the dominating Cerium oxide nanoparticle, which holds 64.1% of the global market. North American regional market is the chief revenue-generating source for this product segment, followed by Europe and Asia-Pacific regions
- An increase in applications and demand from various end-use industries coupled with funding support from research & development and decrease in cerium oxide nanoparticles are expected to drive the market growth.
- The key market players are adopting strategies like launching new products to satisfy a large number of customers. For example, Cerion advanced materials announced a cost-effective, flexible synthesis process that yields high-purity ceria nanoparticle dispersions suited for chemical mechanical planarization (CMP) and other polishing applications.
- Exposure to cerium oxide nanoparticle through inhalation is a significant concern as the lungs and lymph nodes associated with are targeted first and later get distributed to other parts like spleen, liver, and kidney.
- According to research, it was observed that exposure to high doses of nanoceria resulted in DNA damage in liver cells and peripheral blood leukocytes, cytogenetic changes, and micronucleus formation in the bone marrow.
- For the production of bio-relevant nanoparticle, synthesis parameters need to be carefully optimized to select for beneficial physiochemical properties.
- Cerium oxide nanoparticles assist in inhibited production of reactive oxygen species, cell migration, and invasion of ovarian cancer cells without affecting the healthy cells and successfully curbing the growth of cancerous cells.
- Green synthesis methods that use biocompatible stabilizers are increasingly gaining relevance in the production of cerium oxide nanoparticles and their biomedical applications.
- One of the significant issues that still need to be solved for safe and efficient use of CNPs as pharmacological agents is their tendency to agglomerate, experienced when CNPs are suspended in aqueous solutions as well as in vivo and physiological media.
- Key participants 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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For this report, Reports and Data have segmented the Cerium oxide nanoparticles market based on the form type, application type, end-use, and region:
Form Type (Revenue, USD Million; 2016–2026)
- Dispersion
- Powder
Application Type (Revenue, USD Million; 2016–2026)
- Catalyst
- Biomedical
- Chemical Mechanical Planarization (CMP)
- Polishing
- Others
End-Use (Revenue, USD Million; 2016–2026)
- Cosmetic
- Chemical
- Medical
- Others
Regional Outlook (Revenue in USD Million; 2016–2026)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
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Global Cerium Oxide Nanoparticle Market 2019-2025: The forecast period 2019-2025 is expected to show noticeable growth in global cerium oxide nanoparticle Market.
There will be a new resurgence in the sales and utilization of Cerium oxide nanoparticle.
The chemical formula of Cerium oxide nanoparticle is CeO2 and it is pale yellow-white powder.
Cerium oxide nanoparticle is widely used as catalyst and it is used in organic chemicals synthesis, petroleum cracking and automobile exhaust.Get Sample Copy of The Cerium Oxide Nanoparticle Market Report 2020@ https://brandessenceresearch.com/requestSample/PostId/172*The sample pages of this report is immediately accessible on-demand.
**Our report studies global cerium oxide nanoparticle market and covers historical and forecast data for application, regional and country.Top Players Like,Meliorum Technologies, Inc.Strem Chemicals, IncNanophase Technologies CorporationSkySpring Nanomaterials, IncAmerican ElementsReinste Nano Ventures Pvt Ltd.NYACOL Nano Technologies, IncInframat Advanced Materials, LLCPlasmaChem GmbHOthersAlong with these leading players, there are number of other small and mid-sized players who are coming with huge investment and innovative product launch in the Artificial Organs industry.Market segmentationBy Application Type,Energy StoragePolishing AgentPersonal Care & Cosmetic ProductsCatalystBiomedicalOthersBy RegionNorth AmericaU.SCanadaEuropeU.KFranceGermanyItalyAsia PacificChinaJapanIndiaSoutheast AsiaLatin AmericaBrazilMexicoMiddle East and AfricaGCCAfricaRest of Middle East and AfricaOur new report discusses issues and events affecting the Cerium oxide nanoparticle Market.The report covers discussions and qualitative analyses:Technological DevelopmentTrends toward Cerium oxide nanoparticle MarketSignificant Rise in Research and Development Activities by Leading Vendors Table of ContentChapter – Report Methodology1.1.
Report DescriptionChapter -Cerium Oxide Nanoparticle Market Overview: Qualitative Analysis2.1.
Cerium Oxide Nanoparticles - MARKET ADVISORY SERVICES
Cerium oxide nanoparticles are rare earth oxide metal, which are utilized in various applications such as, in energy storage products, personal care products, also act as polishing agent for glass mirrors, owing to its versatile properties and electronic configuration.
However, the utilization of cerium oxide nanoparticles is limited in luminescent devices, and biomedical owing to weak luminescence.
Currently, the polishing, energy storage, catalyst, biomedical and personal care & cosmetics are the major application market for cerium oxide nanoparticles.
Global Cerium Oxide Nanoparticles market size will increase to 910 Million US$ by 2025, from 300 Million US$ in 2018, at a CAGR of 17.0% during the forecast period.
This report researches the worldwide Cerium Oxide Nanoparticles market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
