Cerium Oxide Nanoparticles Market Size (2024 - 2029)

The cerium oxide nanoparticles market is anticipated to experience significant growth, driven by increasing demand from the semiconductor industry and the rising use of polishing agents. Despite challenges such as the toxic nature of these nanoparticles at high concentrations and the impact of the COVID-19 pandemic, the market is poised for expansion due to potential medical applications as antioxidants. North America leads in market share, attributed to the growing applications of cerium oxide nanoparticles in the region.

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Market Size of Cerium Oxide Nanoparticles Industry

cerium oxide nanoparticles market size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 15.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

cerium oxide nanoparticles market key players

*Disclaimer: Major Players sorted in no particular order

Cerium Oxide Nanoparticles Market Analysis

The market for cerium oxide nanoparticles is expected to grow at a CAGR of more than 15% globally during the forecast period. Cerium belongs to the lanthanide series and is rare earth metal (atomic number = 58). It is the most abundant rare earth metal which is present in two oxidation states i.e. +3 and +4. Cerium oxide is considered to be a lanthanide metal oxide and is used as an ultraviolet absorber catalyst polishing agent, gas sensors, etc. The growing demand from the semiconductor industry and rising utilization of polishing agents have been driving the market growth.

  • However, the toxic nature at high concentrations of cerium oxide nanoparticles and the unfavorable conditions arising due to the COVID-19 outbreak are likely to hinder the growth of the studied market.
  • The potential application of nanoceria to be used as an antioxidant in medical applications are likely to provide opportunities for the Cerium oxide nanoparticles market over the next five years.
  • North America region dominates the cerium oxide nanoparticles market, owing to growing application of cerium oxide nanoparticles in the region.

Cerium Oxide Nanoparticles Industry Segmentation

The cerium oxide nanoparticles market report includes:

Form
Dispersion
Powder
Application
Chemical Mechanical Planarization (CMP)
Polishing Agent
Catalyst
Biomedical
Energy Storage
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Rest of the World
South America
Middle-East and Africa
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Cerium Oxide Nanoparticles Market Size Summary

The cerium oxide nanoparticles market is poised for significant growth, driven by increasing demand from the semiconductor industry and the rising use of polishing agents. Cerium oxide, a lanthanide metal oxide, is utilized in various applications such as ultraviolet absorbers, catalysts, and gas sensors. The market's expansion is supported by the growing adoption of chemical mechanical planarization (CMP) processes in semiconductor manufacturing, which enhances wafer polishing and surface flattening. Despite challenges such as the toxic nature of cerium oxide nanoparticles at high concentrations and the impact of the COVID-19 pandemic, the market is expected to benefit from potential medical applications as antioxidants. North America leads the market due to its extensive use in diverse industries, including fuel additives, medical implants, and energy storage devices.

The versatility of cerium oxide nanoparticles contributes to their expanding application range, particularly in energy storage and personal care products. In the biomedical field, they are used for spinal healing and reducing oxidative stress, leveraging their antioxidant properties. The nanoparticles also serve as electrolytes in solid oxide fuel cells, supporting renewable energy initiatives. The increasing demand for personal care products, where cerium oxide acts as a UV filter, further drives market growth. The North American region, with its robust healthcare industry and semiconductor production, remains a key market. The global market is partially consolidated, with major players like American Elements and Nanophase Technologies Corporation leading the industry.

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Cerium Oxide Nanoparticles Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Semiconductor Industry

      2. 1.1.2 Rising Polishing Agent Utilization

    2. 1.2 Restraints

      1. 1.2.1 Toxic Nature at High Concentration

      2. 1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Form

      1. 2.1.1 Dispersion

      2. 2.1.2 Powder

    2. 2.2 Application

      1. 2.2.1 Chemical Mechanical Planarization (CMP)

      2. 2.2.2 Polishing Agent

      3. 2.2.3 Catalyst

      4. 2.2.4 Biomedical

      5. 2.2.5 Energy Storage

      6. 2.2.6 Others

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 South America

        2. 2.3.4.2 Middle-East and Africa

Cerium Oxide Nanoparticles Market Size FAQs

The Cerium Oxide Nanoparticles Market is projected to register a CAGR of greater than 15% during the forecast period (2024-2029)

American Elements., Strem Chemicals, Inc. , Nanophase Technologies Corporation., NYACOL® Nano Technologies Inc. and Meliorum Technologies, Inc. are the major companies operating in the Cerium Oxide Nanoparticles Market.

Cerium Oxide Nanoparticles Market Report Snapshots

Cerium Oxide Nanoparticles Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)