Press Release
Press Release
The global cerium oxide nanoparticles industry is being driven by the increased investments in the development of energy storage and conservation solutions worldwide, as cerium oxide nanoparticles are increasingly utilised as an electrolyte in solid oxide fuel cells. This can be attributed to the growing demand for sustainable and green energy resources, amid the rising concerns of pollution associated with fossil fuel-based energy resources. In addition, the growing demand for nanoceria for UV filtering and protection in the production of personal care products such as sunscreen is also expected to aid the market growth. Moreover, the rising technological advancements are also anticipated to aid the industry in the coming years.
The increasing capital expenditure by the leading market players in the research and development of advanced nanoengineered products is expected to aid the market growth in the forecast years. This can be attributed to their multifaceted application potential. For instance, in June 2017, Nanophase Technologies Corporation (OTCQB: NANX), a leading manufacturer of nanomaterials and advanced nanoengineered products, announced the execution of development, distribution, and manufacturing agreements with Eminess Technologies, Inc., a leading vendor of products for polishing critical surfaces. The strategic collaboration will help both the companies uplift their mutual positions and enhance the reach of their products and advanced material solutions. Such developments are expected to positively impact the growth of the cerium oxide nanoparticles industry in the forecast period.
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The major players in the global cerium oxide nanoparticles market are Meliorum Technologies, Inc., Strem Chemical, Inc., Nanophase Technologies Corporation, SkySpring Nanomaterials, Inc., Inframat® Advanced Materials™, LLC, and PlasmaChem GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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