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Cerium Oxide Nanoparticles Market Trends

  • Report ID: GMI8833
  • Published Date: Apr 2024
  • Report Format: PDF

Cerium Oxide Nanoparticles Market Trends

One prominent trend involves the increasing integration of cerium oxide nanoparticles in the renewable energy sector, particularly in advanced fuel cells and solar cell technologies. These nanoparticles are being extensively researched for their ability to enhance the efficiency and performance of energy conversion devices, aligning with the global push toward sustainable energy solutions. Furthermore, there is a growing emphasis on the biomedical applications of cerium oxide nanoparticles, where their unique antioxidant properties are explored for potential therapeutic interventions, particularly in addressing oxidative stress-related disorders.

In the industrial realm, the demand for cerium oxide nanoparticles continues to surge, driven by their catalytic properties and applications in polishing agents for glass and ceramics. Additionally, the electronics and automotive industries are incorporating these nanoparticles for surface enhancement and durability. As technology advances, there is a notable trend toward the development of multifunctional cerium oxide-based nanocomposites, expanding their utility in diverse sectors. However, challenges such as regulatory scrutiny and cost considerations remain, prompting ongoing efforts to streamline production processes and ensure compliance.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for cerium oxide nanoparticles was valued at USD 754 million in 2023 and is anticipated to register over 20.1% CAGR between 2024 and 2032, due to their unique properties, including high catalytic activity, UV absorption capabilities, and excellent oxygen storage capacity.

Cerium oxide nanoparticles market from the powder from segment reached USD 484.9 million in 2023, owing to the extensive use in catalysis, electronics, and polishing applications, where their fine particle size and reactivity are paramount.

North America market size was USD 258.6 million in 2023, due to the presence of advanced technological landscape, particularly in the United States and Canada

Some of the major players operating in the cerium oxide nanoparticles industry are American Elements, Cerion Nanoparticles, Inframat, Meliorum Technologies, Nanografi Nano Technology, and Nanophase Technologies, among others

Cerium Oxide Nanoparticles Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 250
  • Countries covered: 21
  • Pages: 300
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