Cerium Oxide Nanoparticles Market Size To Reach $1.04 Billion By 2025: Grand View Research, Inc.
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.
Full
Research Report On Global Cerium Oxide Nanoparticles Market Analysis:
www.grandviewresearch.com/industry-analysis/cerium-oxide-nanoparticles-market
www.grandviewresearch.com/industry-analysis/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.
View more reports of this category by Grand
View Research at:
www.grandviewresearch.com/industry/nanoparticles
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
- U.S.
- Europe
- UK
- Germany
- France
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Middle
East & Africa
View press
release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-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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