Cerium Oxide Nanoparticles Market to offer a healthy CAGR of 21.2% during 2020-25
February 13, 2020
Cerium Oxide Nanoparticles Market Overview:
Cerium Oxide Nanoparticles Market is likely to witness an impressive CAGR of 21.2% during the forecast period. The increasing demand for cerium oxide nanoparticles from the CMP (Chemical Mechanical Planarization) application, especially in North America, is bolstering the growth of the global cerium oxide nanoparticles market.
Report Overview:
This new report from Stratview Research analyses the Cerium Oxide Nanoparticles Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Cerium Oxide Nanoparticles Market Segment Insights:
Form Type: dispersion and powder
Based on the form type, the market is segmented as dispersion and powder. The dispersion form type segment is estimated to lead the market during the forecast period.
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Application Type: chemical mechanical planarization (CMP), catalyst and others
Based on the application type, the market is segmented as chemical mechanical planarization (CMP), catalyst, biomedical, energy, and others. The biomedical application type segment is estimated to lead the market during the forecast period. Driven by the presence of reactive oxygen species (ROS) cerium oxide nanoparticles are used for various biomedical applications. These particles hold neurodegenerative effect, antibacterial activity, SOD mimicking activity, catalase mimicking activity, and peroxidase mimicking activity. Current studies suggest that cerium oxide nanoparticles also own antioxidant properties for other applications. Thus, the increased government funding to comprehend the potential applications of cerium oxide nanoparticles is expected to bolster the demand for cerium oxide nanoparticles in the biomedical applications.
A highly/moderately/fragment consolidated Market
Some of the major players in the cerium oxide nanoparticles market are American Elements, ANP Corporation, Cerion, LLC, Inframat Advanced Materials LLC, Meliorum Technologies, Inc., Nyacol Nano Technologies Inc., Nanophase Technologies Corporation, Plasmachem GmbH, and Skyspring Nanomaterials, Inc.
Region: Asia-Pacific holds the largest market for Cerium Oxide Nanoparticles
In terms of regions, North America is the largest market for cerium oxide nanoparticles and Asia-Pacific is the fastest-growing market, in terms of value. Countries in North America are portraying a significant increase in the use of cerium oxide nanoparticles in CMP and biomedical applications. The region is depicting a growth in the healthcare industry and the presence of the largest producers and exporters of semiconductors is propelling the market for cerium oxide nanoparticles. The US was the largest market for cerium oxide nanoparticles in 2018 in this region and is expected to maintain its dominance during the forecast period as well. Europe is also expected to offer substantial growth opportunities in the coming five years.
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