Cerium Oxide Nanoparticles Market Report, By Form (Dispersion and Powder), Application (Biomedical, Catalyst, Energy Storage, Personal Care & Cosmetic Products, Polishing) Outlook 2024

Cerium oxide is a lanthanide metal oxide which is used as an ultraviolet absorber, catalyst, polishing agent, gas sensors etc. Cerium oxide nanoparticles (CeO2), generally known as nanoceria, is a rare earth metal oxide, which has multipurpose applications as automobile exhaust catalysts, oxide ion conductors, electrode materials for gas sensors, ultraviolet absorbents and glass-polishing materials. For commercial purpose, cerium oxide nanoparticles play a dynamic role in cosmetic products, consumer products, instruments and high technology. The physicochemical properties of cerium oxide nanoparticles, such as size, agglomeration status in liquid, and surface charge has made these particles applicable in wide range of applications including, biomedical, energy etc. This report studies the global market for cerium oxide nanoparticles in terms of revenue (USD million) from 2019 to 2024.

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Cerium Oxide Nanoparticles Market Outlook
The global cerium oxide nanoparticles market has gained profitable growth owing to increasing use of cerium oxide nanoparticles in various applications and rising focus of government on nanotechnology research. The market is further boosted by technological advancements in cerium oxide nanoparticles production process. Moreover, the market is expected to show robust growth during the forecast period due to surging government spending on pharmaceutical R&D in emerging nations. Potential of nanoceria to be used as an antioxidant in medical applications and environmental friendly synthesis of nanoceria are further expected to propel this market growth. However, the global cerium oxide nanoparticles market is hindered by toxicity caused by nanoparticles.

Cerium Oxide Nanoparticles Market Segmental Overview
The report analyses the global cerium oxide nanoparticles market, based on form, application and geography.

Cerium Oxide Nanoparticles Market by Form

The market is segmented into various form, which includes dispersion and powder. Among these, the dispersion segment dominated the market in 2017 and is expected to grow at a lucrative growth rate during the forecast period, due to its retention property, which helps in preventing particle agglomeration.

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Cerium Oxide Nanoparticles Market by Application

The cerium oxide nanoparticles find applications into biomedical, catalyst, energy storage, personal care & cosmetic products, polishing and others (coatings, fuel cell, gas sensors and fuel additive etc.). In 2017, the biomedical application dominated the global market, owing to increasing use of cerium oxide nanoparticles in biomedical products, due to its unique catalytic, neuroprotective, radical scavenging properties.

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