Cerium Oxide Nanoparticles Market is Estimated To Expand At a Healthy CAGR in The Upcoming Forecast

SDKI Inc. published a new research report on "Cerium Oxide Nanoparticle Market-Global Forecast 2030". The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2022-2030 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-109548

The cerium oxide nanoparticle market is estimated to grow from a market value of US $ 630.2 million in 2022 to US $ 2,180.2 million by 2030, with a CAGR of 19.4% during the forecast period.

Increasing demand for cerium oxide nanoparticles from a variety of applications such as biomedicine and CMP is driving the growth of the cerium oxide nanoparticles market. Various studies are currently underway on cerium oxide nanoparticles to understand their role in potential applications such as chemical loop combustion (CLC), photolysis and pyrolysis water splitting, and therapeutic agents. The demand for cerium oxide nanoparticles is increasing in a variety of industry applications due to their extraordinary physicochemical properties that improve the performance of the final product. Increased investment in research and development, penetration of cerium oxide nanoparticles in various application industries, and the excellent physicochemical properties of cerium oxide nanoparticles are driving demand in a variety of applications. These factors are expected to contribute to the growth of this market. However, the toxicity caused by nanoparticles is a major constraint on the market.

Market Segments

The cerium oxide nanoparticles market is divided by form (dispersion and powder), application (chemical mechanical flattening, catalysts, biomedicine, energy), and region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on the application, the Chemical Mechanical Flattening (CMP) segment is the largest segment of the cerium oxide nanoparticles market. Cerium oxide nanoparticles have been used for chemical and mechanical flattening to polish wafers during semiconductor manufacturing. This factor is expected to contribute to the growth of this segment.

The form predicts that the diversified segment will grow at a maximum CAGR during the 2022-2030 forecast period. Dispersed foam is easy to use, helps maintain particle size, and prevents nanoparticles from agglomerating. Therefore, this form is expected to witness high growth during the forecast period.

Regional Overview

In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. The Asia Pacific region is the fastest growing region of the cerium oxide nanoparticle market in the world, and China is expected to be the region's most dominant country. The region is also witnessing the highest growth rates. This growth is due to the rapid economic expansion that is underway in the region. In addition, the rapid development of the semiconductor industry has increased the demand for cerium oxide nanoparticles in CMP applications in the region. In addition, rapid industrialization and increased investment in China's medical, chemical and polishing industries have made it one of the world's leading countries in terms of demand and commercialization of cerium oxide nanoparticles.

For more detailed analysis, each region is further divided into countries:
Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific)
North America (US and Canada)
Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
Latin America (Brazil, Mexico, Argentina, and other Latin America)
Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)

Key Players in the Market

The key players in the cerium oxide nanoparticles market are Cerion (USA), Plasmachem (Germany), American Elements (USA), Inframat Advanced Materials (USA), NYACOL Nano Technologies (USA), Nanophase Technologies. (USA) and so on. The study includes a detailed competitive analysis, corporate profile, recent developments, and key market strategies for these key companies in the cerium oxide nanoparticle market.

Details of the survey report
https://www.sdki.jp/reports/cerium-oxide-nanoparticles-market/109548

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This release was published on openPR.