Cerium Oxide Nanoparticles Market To reach $1,426.3 Million By 2030

Cerium Oxide Nanoparticles Market Growth & Trends

The global cerium oxide nanoparticles market size is expected to reach USD 1,426.3 million by 2030., expanding at a CAGR of 8.2% from 2024 to 2030. Strong demand from sectors such as construction and automobiles, increasing research and technological advancements is expected to benefit the market demand.

The energy storage segment dominated the global market and accounted for a revenue share of 34.5% in 2023. Cerium oxide nanoparticles is widely used as catalyst converters and fuel additive which enables to decrease the burnout time, reduce ignition time and peak temperature in automotive industry. These advantages coupled with the growth of automotive industry is expected to favor market growth over the next eight years.

The chemical product has capability to act as UV refractors in sunscreen as they absorb and neutralize organophosphates (Ops). Moreover, it also enhances the quality of the personal care products. Cerium oxide nanoparticles are used in the manufacturing of energy storage products, personal care products, pharmaceutical products and as a polishing agent for glass industry. The broad application portfolio has benefitted the chemical demand in the recent past, and this scenario is expected to continue over the forecast period.

Companies have adopted strategies to make aware the consumers about benefits of cerium oxide nanoparticles by performing cerium oxide test in the optical polishing laboratory. In addition, companies are also trying to optimize their production process to obtain a high grade of the product.

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Cerium Oxide Nanoparticles Market Report Highlights

• The global cerium oxide nanoparticles market size was valued at USD 763.8 million in 2023 and is projected to grow at a CAGR of 8.2% from 2024 to 2030

• The energy storage segment dominated the global market and accounted for a revenue share of 34.5% in 2023

• The polishing agent segment is expected to experience a significant CAGR from 2024 to 2030

• Cerium oxide nanoparticles in pharmaceuticals are used to address issues such as obesity and lungs diseases. It acts as therapeutic agent for the treatment of intra-abdominal infection.

• Cerium oxide nanoparticles market participants include Strem Chemicals, Inc., Nanophase Technologies, Corporation, American Elements among others.

Cerium Oxide Nanoparticles Market Segmentation

Grand View Research has segmented the global cerium oxide nanoparticles market report based on application and region

Cerium Oxide Nanoparticles Application Outlook (Revenue, USD Million, 2018 - 2030)

• Energy Storage

• Polishing Agent

• Personal Care

• Pharmaceuticals

• Others

Cerium Oxide Nanoparticles Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Argentina

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

List of Key Players of Cerium Oxide Nanoparticles Market

• American Elements

• Inframat

• SkySpring Nanomaterials, Inc.

• Cerion, LLC

• Meliorum Technologies, Inc.

• Nanophase Technologies Corporation

• Strem Chemicals, Inc.(Ascensus)

• Nano Technologies Inc.

• PlasmaChem GmbH

• EPRUI Biotech Co., Ltd.