Global Cerium Oxide Nanoparticels Market Overview:
Cerium Oxide Nanoparticles Market is expected to garner $734 million by 2022, registering a CAGR of 21.7% during the forecast period 2016 - 2022. The Global Cerium Oxide Nanoparticles possess nanoscale dimensions ranging from 1 to 100 nanometers. They occur naturally, or can be engineered with specific properties, such as size, shape, surface, and chemistry. They have better strength, resistivity, conductivity, and optical absorption compared to the atoms. Relative-surface area is one of the key factors that enhances the properties of cerium oxide nanoparticle. The demand for cerium oxide nanoparticle has increased across diverse industry applications owing to their exceptional physio-chemical properties, which enhances the performance of the end product.
Growth in investment towards research and development, penetration of cerium oxide nanoparticles in various application industries, and excellent physio-chemical properties of cerium oxide nanoparticles drive its demand in various applications. Cerium oxide nanoparticles are usually added in small quantities to improve the performance of the end-product. However, factors such as toxicity at higher concentration may hamper the market growth. Currently, the polishing, energy storage, catalyst, biomedical and personal care & cosmetics are the major application market for cerium oxide nanoparticles. The demand for cerium oxide nanoparticles witnesses significant growth in all the regions, due to its significant physio-chemical properties and opportunities that create for all players in the industry.
Figure no. 1. Breakdown of Primary Respondents
The report focuses on current market trends and future growth opportunities of cerium oxide nanoparticles in various industries such as polishing, energy, personal care & cosmetics, pharmaceuticals, chemicals and others. Moreover, it analyzes the extent of applications for cerium oxide nanoparticles in different geographies and suggests the future growth opportunities by analyzing government regulations & policies, thereby further increases consumer acceptance in that region. The market provided is based on the demand or consumption quantity across various applications at country level. Further, by conducting bottom-up approach and considering price trends the market value and volumes were derived.
World Cerium Oxide Nanoparticles Market Segmentation
Rise in application scope and demand from various end-user industries, funding support from government, and drop in cerium oxide nanoparticles prices are key factors driving the market growth. Typically, cerium oxide nanoparticles are added in small quantities to improve the product performance. However, stringent environmental regulations and high manufacturing cost of cerium oxide nanoparticles may hamper its market growth. Currently, it is utilized majorly by polishing, energy storage, catalyst, biomedical and personal care & cosmetic products application segments.
Key players in the world cerium oxide nanoparticles market have adopted different business strategies such as capacity & business expansion, partnerships, mergers, acquisitions, joint venture, sales agreement, and product & application development to withstand in the global competitive market. Market players profiled in this report are cerium oxide nanoparticle manufacturers who either use it internally in some applications or supply it to other end-users in the industry. The data pertaining to market players and their strategic moves are gathered through press releases of respective companies, various blogs available on the website, and primary calls made to the experts in the industry.
Figure no. 2. Top Investment Pockets
By application, energy storage, polishing, catalyst, personal care & cosmetic products and biomedical are some of the major market segments. Further, biomedical and catalyst are expected to be the most attractive markets for new entrants as well as for the industry players.
Cerium oxide nanoparticles have unique catalytic, neuroprotective, radical scavenging, high ionic conductivity and ant-inflammatory properties that are inherent or sometimes, engineered. Increasing disposable income in the emerging economies coupled with significant opportunities in end-user industries are expected to provide significant opportunities for key players operating in the market.
The rapid industrialization coupled with an increase in investments in medical, chemicals and polishing industry in China makes it one of the leading countries worldwide, in terms of demand and commercialization of cerium oxide nanoparticles. Key players from Asia-Pacific include Advanced Nano Products Co. Ltd., Reinste Nano Ventures Pvt. Ltd. and EPRUI Nanoparticles & Microspheres Co. Ltd, etc.
Figure no. 4. China Cerium oxide nanoparticles Market: 2014 - 2022
Source: Primary Research, Government Publications, Company Releases, and AMR Analysis
The cerium oxide nanoparticles manufacturers either use in-house materials or buy from raw material suppliers to process them. Major companies that manufacture cerium oxide nanoparticles are Meliorum Technologies, Inc., Strem Chemicals, Inc., PlasmaChem GmbH, Skyspring Nanomaterials Inc., Nanostructured & Amorphous Materials Inc., Nanophase Technologies Corporation, Inframat Advanced Materials, American Elements and Advanced Nano Products Co. Ltd., and NYACOL Nano Technologies, Inc. etc.
Other players in the value chain include Reinste Nano Ventures Pvt. Ltd., and EPRUI Nanoparticles & Microspheres Co. Ltd., Ionic Liquids Technologies Inc., Chengdu Alpha Nano Technology Co., Ltd. and Nanocerox, Inc.
KEY MARKET BENEFITS
- The study provides quantitative analysis of the world cerium oxide nanoparticles market with current trends and future estimations through 20142022 to identify the prevailing market opportunities to capitalize on.
- Extensive analysis by end-user industry and method of synthesis predicts the various types of cerium oxide nanoparticles used in different end-user applications.
- Competitive intelligence highlights the business practices followed by leading players across various regions.
- An in-depth analysis of current research and clinical developments within world cerium oxide nanoparticles market is provided with key dynamic factors that affect the market behavior.
- Comprehensive analysis of all geographic regions are provided to determine the prevailing opportunities in these geographies.
- Key market players and their strategies are analyzed to identify the competitive outlook.
Key Market Segments
The world cerium oxide nanoparticles market is divided based on application and geography.
- Energy Storage
- Personal Care & Cosmetic Products
- Others (Coatings, Fuel Cell, Gas Sensors and Fuel Additive etc.)
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA
- Meliorum Technologies, Inc.
- Strem Chemicals, Inc.
- PlasmaChem GmbH
- Skyspring Nanomaterials Inc.
- Nanostructured & Amorphous Materials Inc.
- Nanophase Technologies Corporation
- Inframat Advanced Materials
- American Elements and Advanced Nano Products Co. Ltd.
- NYACOL Nano Technologies, Inc.
OTHER MARKET PLAYERS ACTIVE IN THE VALUE CHAIN
- Reinste Nano Ventures Pvt. Ltd.
- EPRUI Nanoparticles & Microspheres Co. Ltd.
- Ionic Liquids Technologies Inc.
- Chengdu Alpha Nano Technology Co., Ltd.
- Nanocerox, Inc.