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Cerium Oxide Nanoparticles Market to Witness Steady Expansion During with a CAGR of 21.7% by 2022

06-28-2019 06:53 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Cerium Oxide Nanoparticles Market

Cerium Oxide Nanoparticles Market

Cerium Oxide Nanoparticles Market is expected to garner $734 million by 2022, registering a CAGR of 21.7% during the forecast period 2016 - 2022. The Global Cerium Oxide Nanoparticles possess nanoscale dimensions ranging from 1 to 100 nanometers. They occur naturally, or can be engineered with specific properties, such as size, shape, surface, and chemistry. They have better strength, resistivity, conductivity, and optical absorption compared to the atoms.

Relative-surface area is one of the key factors that enhances the properties of cerium oxide nanoparticle. The demand for cerium oxide nanoparticle has increased across diverse industry applications owing to their exceptional physio-chemical properties, which enhances the performance of the end product.

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The cerium oxide nanoparticles manufacturers either use in-house materials or buy from raw material suppliers to process them. Major companies that manufacture cerium oxide nanoparticles are Meliorum Technologies, Inc., Strem Chemicals, Inc., PlasmaChem GmbH, Skyspring Nanomaterials Inc., Nanostructured & Amorphous Materials Inc., Nanophase Technologies Corporation, Inframat Advanced Materials, American Elements and Advanced Nano Products Co. Ltd., and NYACOL Nano Technologies, Inc. etc.

Other players in the value chain include Reinste Nano Ventures Pvt. Ltd., and EPRUI Nanoparticles & Microspheres Co. Ltd., Ionic Liquids Technologies Inc., Chengdu Alpha Nano Technology Co., Ltd. and Nanocerox, Inc.

Growth in investment towards research and development, penetration of cerium oxide nanoparticles in various application industries, and excellent physio-chemical properties of cerium oxide nanoparticles drive its demand in various applications. Cerium oxide nanoparticles are usually added in small quantities to improve the performance of the end-product. However, factors such as toxicity at higher concentration may hamper the market growth.

Currently, the polishing, energy storage, catalyst, biomedical and personal care & cosmetics are the major application market for cerium oxide nanoparticles. The demand for cerium oxide nanoparticles witnesses significant growth in all the regions, due to its significant physio-chemical properties and opportunities that create for all players in the industry.

The report focuses on current market trends and future growth opportunities of cerium oxide nanoparticles in various industries such as polishing, energy, personal care & cosmetics, pharmaceuticals, chemicals and others. Moreover, it analyzes the extent of applications for cerium oxide nanoparticles in different geographies and suggests the future growth opportunities by analyzing government regulations & policies, thereby further increases consumer acceptance in that region.

The market provided is based on the demand or consumption quantity across various applications at country level. Further, by conducting bottom-up approach and considering price trends the market value and volumes were derived.

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Rise in application scope and demand from various end-user industries, funding support from government, and drop in cerium oxide nanoparticles prices are key factors driving the market growth. Typically, cerium oxide nanoparticles are added in small quantities to improve the product performance.

However, stringent environmental regulations and high manufacturing cost of cerium oxide nanoparticles may hamper its market growth. Currently, it is utilized majorly by polishing, energy storage, catalyst, biomedical and personal care & cosmetic products application segments.

Key Market Benefits

• The study provides quantitative analysis of the world cerium oxide nanoparticles market with current trends and future estimations through 20142022 to identify the prevailing market opportunities to capitalize on.
• Extensive analysis by end-user industry and method of synthesis predicts the various types of cerium oxide nanoparticles used in different end-user applications.
• Competitive intelligence highlights the business practices followed by leading players across various regions.
• An in-depth analysis of current research and clinical developments within world cerium oxide nanoparticles market is provided with key dynamic factors that affect the market behavior.
• Comprehensive analysis of all geographic regions are provided to determine the prevailing opportunities in these geographies.
• Key market players and their strategies are analyzed to identify the competitive outlook.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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