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Global Cerium Oxide Nanoparticles Market Size, Forecast: By Application: Energy Storage, Polishing Agent, Personal Care, Pharmaceuticals, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; 2024-2032
Global Cerium Oxide Nanoparticles Market Outlook
The global cerium oxide nanoparticles market stood at a value of around USD 0.74 billion in 2023. The market is further expected to grow at a CAGR of 14% in the forecast period of 2024-2032 to attain a value of USD 2.42 billion by 2032.
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Heightened Demand in the Pharmaceutical Sector to Aid the Growth of the Global Cerium Oxide Nanoparticles Industry
Based on application, the pharmaceutical sector is predicted to hold a significant market share in the cerium oxide nanoparticles industry. This can be attributed to the increasing demand for cerium oxide nanoparticles in the pharmaceutical sector, which is witnessing a rapid growth due to the increased investments by the leading players.
In addition, the rising incidences of various lifestyle diseases worldwide and the growing geriatric population are also anticipated to propel the pharmaceutical industry growth in the coming years. These factors are expected to contribute to the overall market growth of cerium oxide nanoparticles in the forecast period.
North America to Provide Lucrative Growth Opportunities for the Global Cerium Oxide Nanoparticles Industry Growth
North America is estimated to hold a substantial share of the cerium oxide nanoparticles industry in the forecast period. This growth can be attributed to the presence of the leading market players in the region. and the increased utilisation of cerium oxide nanoparticles in biomedical applications. The antibacterial activity and neurodegenerative potential, among others, offered by cerium oxide nanoparticles are propelling their demand in the biomedical sector. Moreover, the increasing demand for semiconductors in the region is also predicted to bolster the market growth in the coming years.
Cerium Oxide Nanoparticles: Market Segmentation
Cerium oxide (CeO2) nanoparticles are metal oxide nanoparticles that showcase significant antimicrobial activity and also have the potential to remove pathogens efficiently from different environments. CeO2 nanoparticles also offer antioxidant properties and find active use in semiconductor fabrication, as a component in catalytic converters for auto machines exhaustive, as a fuel additive, and as a UV-light absorber.
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By application, the market is divided into:
- Energy Storage
- Polishing Agent
- Personal Care
- Pharmaceuticals
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Renewable Energy Generation to Drive the Global Cerium Oxide Nanoparticles Industry Growth
The rising demand for renewable energy generation and the need to curb pollution levels globally are driving the demand for cerium oxide nanoparticles in various applications owing to their favourable properties. According to the World Bank statistics, pollution is the number one cause of premature death, with 9 million deaths caused as a direct result of air, water, and land pollution, annually. In addition, air pollution alone is responsible for a health damage of USD 5.7 trillion, increasing the economic burden. As a result, governments are strategising policies to mitigate pollution levels and global carbon emissions by deploying mechanisms to generate renewable energy. In this regard, cerium oxide nanoparticles find increasing usage as an electrolyte in solid oxide fuel cells, owing to their enhanced chemical reactivity, excellent oxygen storage capacity, and low emissions rate. Apart from this, the increased utilisation of nanoceria in personal care products, owing to its UV light filtering potential, is also projected to aid the market growth in the forecast period.
Key Industry Players in the Global Cerium Oxide Nanoparticles Market
The report gives a detailed analysis of the following key players in the global cerium oxide nanoparticles market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Meliorum Technologies, Inc.
- Strem Chemical, Inc.
- Nanophase Technologies Corporation
- SkySpring Nanomaterials, Inc.
- Inframat® Advanced Materials™, LLC
- PlasmaChem GmbH
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cerium Oxide Nanoparticles Market Analysis
8.1 Key Industry Highlights
8.2 Global Cerium Oxide Nanoparticles Historical Market (2018-2023)
8.3 Global Cerium Oxide Nanoparticles Market Forecast (2024-2032)
8.4 Global Cerium Oxide Nanoparticles Market by Application
8.4.1 Energy Storage
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Polishing Agent
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Personal Care
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Pharmaceuticals
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Cerium Oxide Nanoparticles Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Cerium Oxide Nanoparticles Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cerium Oxide Nanoparticles Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cerium Oxide Nanoparticles Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cerium Oxide Nanoparticles Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cerium Oxide Nanoparticles Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code: 284610)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Meliorum Technologies, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Strem Chemicals, Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Nanophase Technologies Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 SkySpring Nanomaterials, Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Inframat® Advanced Materials™, LLC
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 PlasmaChem GmbH
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cerium Oxide Nanoparticles Market: Key Industry Highlights, 2018 and 2032
2. Global Cerium Oxide Nanoparticles Historical Market: Breakup by Application (USD Billion), 2018-2023
3. Global Cerium Oxide Nanoparticles Market Forecast: Breakup by Application (USD Billion), 2024-2032
4. Global Cerium Oxide Nanoparticles Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Cerium Oxide Nanoparticles Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Cerium Oxide Nanoparticles Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Cerium Oxide Nanoparticles Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Cerium Oxide Nanoparticles Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Cerium Oxide Nanoparticles Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Cerium Oxide Nanoparticles Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Cerium Oxide Nanoparticles Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Cerium Oxide Nanoparticles Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Cerium Oxide Nanoparticles Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Cerium Oxide Nanoparticles Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Cerium Oxide Nanoparticles Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. Global Cerium Oxide Nanoparticles Market Structure
Key Questions Answered in the Report
In 2023, the global cerium oxide nanoparticles market attained a value of nearly USD 0.74 billion.
The market is projected to grow at a CAGR of 14% between 2024 and 2032.
The major market drivers include the surging demand for semiconductors, increasing investments in the pharmaceutical and biomedical sectors, and the rising demand for UV protection in personal care products.
The key trends guiding the market growth include surging investments in the research and development of cerium oxide nanoparticles generation by leading companies, technological advancements and innovations, and the rising demand for renewable energy generation.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant applications of the product include energy storage, polishing agent, personal care, and pharmaceuticals, among others.
The major players in the market are Meliorum Technologies, Inc., Strem Chemical, Inc., Nanophase Technologies Corporation, SkySpring Nanomaterials, Inc., Inframat® Advanced Materials™, LLC, and PlasmaChem GmbH, among others.
Analyst Review
The global cerium oxide nanoparticles market attained a value of USD 0.74 billion in 2023, driven by increased demand for cerium oxide nanoparticles in the pharmaceutical industry. Aided by the rising demand for renewable energy generation and the need to curb pollution levels globally, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 14%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of applications, the industry can be segmented into energy storage, polishing agent, personal care, and pharmaceuticals, among others. The major regional markets for cerium oxide nanoparticles are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Meliorum Technologies, Inc., Strem Chemical, Inc., Nanophase Technologies Corporation, SkySpring Nanomaterials, Inc., Inframat® Advanced Materials™, LLC, and PlasmaChem GmbH, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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