GVR Report cover Cerium Oxide Nanoparticles Market Size, Share & Trends Report

Cerium Oxide Nanoparticles Market Size, Share & Trends Analysis Report By Application (Energy Storage, Polishing Agent, Personal Care, Pharmaceuticals), By Region, And Segment Forecasts, 2018 - 2025

  • Report ID: GVR-1-68038-547-2
  • Number of Pages: 75
  • Format: Electronic (PDF)

Industry Insights

The global cerium oxide nanoparticles market volume was estimated at 9.1 kilotons in 2016. Growing demand for use in applications such as energy storage, polishing agents for glass mirrors, pharmaceuticals, and acts as a protection in the UV -visible light range coupled with the inherent advantages of the chemical is expected to propel market growth.

Cerium oxide nanoparticles are rare earth oxide metals, which are utilized in various applications such as energy storage products, personal care products, also act as polishing agents for glass mirrors, owing to their versatile properties and electronic configuration. However, the utilization of cerium oxide nanoparticles is limited in luminescent devices, and biomedical owing to weak luminescence.

U.S. cerium oxide nanoparticles market revenue by application, 2014 - 2025 (USD Million)

U.S. cerium oxide nanoparticles market

Moreover, these nanoparticles have witnessed significant growth due to their application in biomedical, environmental protection, and catalytic converters. Additionally, the government from various regions is supporting their usage, which is expected to propel the industry growth. Biomedical is expected to be one of the key applications for cerium oxide nanoparticles owing to its rising utilization as an antioxidant, spinal healing agent, and UV light sorbent.

The market worth in the U.S. was USD 84.6 million in 2016 and is forecasted to be USD 281.6 million by 2025 growing at an anticipated CAGR of 14.5% over the forecast period. The presence of a strong automotive, glass, personal care, and pharmaceutical industry in the country coupled with the prevalent awareness of its usage is anticipated to benefit the overall demand in the country.

The semiconductor industry in the U.S. is benefitting from government investment in the sector. The nanoceria is used as a polishing agent in the industry. Thus, the growth in the semiconductor industry is expected to propel the cerium oxide demand over the forecast period.

They are also used as catalyst converters and fuel additives in the automotive industry, as the chemical product has an ability to mitigate the particle's emission. The rising disposable income across the globe has catered to a rise in demand for automotive vehicles, which might benefit the demand for cerium oxide nanoparticles over the forecast period.

The research on nano ceria’s application and enhancement of utilization is expected to propel industry growth. According to National Center for Biotechnology Information, U.S. National Library of Medicine, positive results were gathered pertaining to cerium oxide nanoparticles' usage as an antioxidant in the biological systems. The research concluded that the product is suitable for regenerative medicine, and nanobiology applications.

Application Insights

Regarding application, energy storage dominated the segment and was valued at USD 106.3 million in 2016. The cerium oxide nanoparticles market worth the same is expected to grow at an anticipated CAGR of 14.7% from 2017 to 2025. They are used as fuel additives in the automotive industry. The global rise in automotive demand is favoring the application segment growth.

Global cerium oxide nanoparticles market by application, 2016 (%)

Global cerium oxide nanoparticles market

Polishing agent application is estimated to witness the second-highest growth rate in cerium oxide nanoparticles owing to the development of the glass and construction industry. Also, they are used to lessen and polish scratches from glass in vehicles, tabletop edges, and mirror bevels. This is expected to further propel growth for cerium oxide nanoparticles over the forecast period.

The global demand for personal care products is increasing significantly owing to growing awareness of sunscreen and other skin products. Nano ceria act as a UV filter in sunscreen products. Moreover, they have biological oxidant property, which is highly preferred in personal care products. As a result, the penetration of the particles in personal care products is increasing and is expected to remain the same over the forecast period.

The energy storage market of cerium oxide nanoparticles is expected to witness high penetration, owing to the rapid industrial growth in developing countries such as India, China, and Japan. The ability to act as a catalyst by taking or release in oxygen without getting decomposed in the combustion engine and fuel additive, used in energy storage applications is expected to propel the nanoceria market over the forecast period. The potential development of the market is high in energy storage as they have the capability to work as a catalyst by taking or release in oxygen in the combustion engine.

In India, the medicine and healthcare industry is anticipated to grow on account of increasing investment by private and public players over the forecast period. The industry is also attracting foreign direct investment (FDI) owing to rising digital adoption, and enhancing services, which is expected to propel the medical industry thereby increasing penetration of cerium oxide over the forecast period.

Regional Insights

In terms of region, North America dominated the global market and accounted for over 34.2% in 2016 as the region is home to many global automotive companies, and the government is encouraging with enhanced investment policy, highly skilled labor, and available infrastructure which in turn is forecasted to drive the chemical product market in the region over the forecast period. The European nanoceria market is anticipated to be valued at USD 297.9 million by 2025.

The recovering economy of Europe is forecasted to boost the automobile sale in the region thereby propelling the growth of the nanoceria market. Moreover, the automotive sector in the region is one of the key contributing industries in terms of GDP and is expected to remain the same owing to increasing demand, and rising technological advancement. As a result, the utilization of cerium oxide nanoparticles is projected to increase over the forecast period.

Cerium Oxide Nanoparticles Market Share Insight

Meliorum Technologies, Inc., Strem Chemicals, Inc, Nanophase Technologies, Corporation, SkySpring Nanomaterials, Inc, American Elements, Nanostructured & Amorphous Materials Reinste Nano Ventures Pvt Ltd., NYACOL Nano Technologies, Inc, Inframat Advanced Materials, LLC, and PlasmaChem GmbH are some of the key players present within the global industry.

The companies are integrating themselves through various stages of the value chain to achieve low-cost production and distribution costs. For example, Alpha Chemika manufacturers, supply and export nanoceria. As a result, the involvement of middlemen is eliminated thereby reducing the logistics costs of the company and increasing the profit margin.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation                                                

Revenue in USD Million and Volume in Kilotons and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., UK, Germany, France, China, India, Japan

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments covered in the report

This report forecasts volume and revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global cerium oxide nanoparticles market on the basis of application, and region:

  • Application Outlook (Revenue, USD Million; Volume kilo tons, 2014 - 2025)

    •  Energy Storage

    •  Polishing Agent

    •  Personal Care

    •  Pharmaceuticals

    •  Others

  • Regional Outlook (Revenue, USD Million; Volume, Kilo Tons, 2014 - 2025)

    • North America

      • The U.S.

    • Europe

      • UK

      • Germany

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

    • Middle East & Africa

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