Cerium Oxide Nanoparticles Market

Cerium Oxide Nanoparticles Market Size (2023-2028):

Cerium Oxide Nanoparticles Market was valued at $ 230.6 million in 2022 and is predicted to reach $ 652.4 million in 2028, with a compound annual rate of 21.1% during the foreseen period 2023-2028

Cerium oxide nanoparticles are not so often found in metal oxide obtained from the earth but play a significant role owing to their major uses. They are synthesized by methods based on solutions such as hydrothermal, coprecipitation, and others. In recent years, cerium oxide nanoparticles have had more and more applications in biomedical research involving various therapeutic aspects. This is probable to bode well for the expansion of the cerium oxide nanoparticle industry. The call for cerium oxide nanoparticles in the medical field is growing rapidly owing to their ability to reduce the symptoms of many diseases related to oxidative stress. Cerium oxide nanoparticles have also gained considerable attention in the development of highly sensitive biosensors where that can be employed as a complete sensor or as part of a transducer element. Cerium oxide nanoparticles, commonly known as nanoceria, are cerium nanoparticles with a diameter of 1 to 500 nm. Ceria is a rare earth metal that belongs to the lanthanide series on the periodic table. It is found in abundance in the monazite and bastnaesite rocks. These nanoparticles have acquired great importance in recent times owing to the presence of reactive oxygen. 

Cerium Oxide Nanoparticles Market Drivers & Restraints:

Owing to the presence of reactive oxygen species (ROS), cerium oxide nanoparticles are employed for various biomedical applications. These particles have antibacterial activity, a neurodegenerative effect, an activity that simulates SOD, an activity that simulates catalase, and an activity that mimics peroxidase. Therefore, escalated government funding to understand potential applications of cerium oxide nanoparticles is predicted to drive the call for cerium oxide nanoparticles in biomedical applications. The expansion in funds for research and development, the penetration of cerium oxide nanoparticles in different uses of businesses, and the amazing physicochemical features of cerium oxide nanoparticles are driving calls in several uses. Cerium oxide nanoparticles are generally added in small amounts to improve the performance of the final product.

The toxicity owing to nanoparticles will be a major brake on the cerium oxide nanoparticle industry. The toxicity owing to nanoparticles is an important factor that slows down the expansion of the industry. The toxicity of nanoceria is of growing concern owing to its use in various applications. Strict environmental regulations and the high cost of manufacturing cerium oxide nanoparticles can hinder the expansion of your industry.

Opportunities in the Cerium Oxide Nanoparticles Market

The potential of nanoceria to be employed as an antioxidant in medical applications and ecological synthesis of nanoceria will provide opportunities for the cerium oxide nanoparticle industry. The call for cerium oxide nanoparticles is experiencing significant expansion in all regions, owing to its important physicochemical properties and the opportunities they create for all industry players.

Challenges in the Cerium Oxide Nanoparticles Market

The negative impact of cerium oxide nanoparticles on the environment is a major challenge for the global cerium oxide nanoparticle industry. Factors like toxicity at higher concentrations can hinder industry expansion. The use of cerium oxide nanoparticles is limited in luminescent and biomedical devices owing to low luminescence, which is acting as a limitation on the industry.

CERIUM OXIDE NANOPARTICLES MARKET REPORT COVERAGE:

Market Segmentation 

Cerium Oxide Nanoparticles Market - By Form:

• Dispersion

• Powder

The dispersion form segment is predicted to drive the cerium oxide nanoparticles between 2020 and 2025. In the dispersion form, the particle size can be maintained by preventing particle agglomeration.

Cerium Oxide Nanoparticles Market - By Application:

• CMP

• Catalyst

• Biomedical

• Energy

• Others

The chemical-mechanical planarization (CMP) process has been incorporated into semiconductor manufacturing to reduce uneven topography on the wafer. Currently, the process is adopted by most semiconductor manufacturing facilities that produce feature sizes of less than 0.35 microns. This method is advantageous to chipmakers in the semiconductor industry because it can be employed for smaller circuits and to improve the performance of lithography tools.

Cerium Oxide Nanoparticles Market - By Region:

The Cerium Oxide Nanoparticles Report includes the segmentation of Regions with their respective Countries.

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East & Africa 

North America is the largest industry for cerium oxide nanoparticles and Asia-Pacific is the fastest-growing industry, in terms of value. The region is experiencing expansion in the healthcare industry and the presence of the largest semiconductor producers and exporters, boosting the industry for cerium oxide nanoparticles. The United States was the largest industry for cerium oxide nanoparticles in 2020 in this area. Europe is predicted to be the second biggest cerium oxide nanoparticle industry on the basis of regional segregation. End-user applications such as medical, automotive, and energy are believed to be driving the industry for cerium oxide nanoparticles in the region.

The main automotive suppliers are present in Europe. This is predicted to stimulate a call for cerium oxide nanoparticles in the locale. Asia-Pacific is predicted to experience significant expansion in the coming years owing to the escalating call for cerium oxide nanoparticles in applications such as medical and automotive. In addition, the presence of growing economies such as China and India is foreseen to boost the industry owing to the expansion of the automotive industry in the region. Latin America is predicted to experience steady expansion in the cerium oxide nanoparticle industry due to strong calls from end-user industries, driven primarily by expansion in the automotive industry in the vicinity. The Middle East and Africa area is predicted to grow in the same direction, especially in growing economies like South Africa and the GCC countries.

Significant players operating in the Cerium Oxide Nanoparticles Market:

1. AnoMAG, LLC

2. NYACOL Nano Technologies Inc.

3. Nanophase Technologies Corporation

4. SkySpring Nanomaterials, Inc.

5. Strem Chemicals, Inc.

6. Inframat Advanced Materials LLC

7. Meliorum Technologies, Inc.

8. ANP Co., LTD.

9. Nanostructured & Amorphous Materials, Inc.