The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Cerium Oxide Nanoparticles Market is likely to witness an impressive CAGR of 21.2% during the forecast period.
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Segment Analysis
Cerium Oxide Nanoparticles Market Insights: By Form Type
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.
Cerium Oxide Nanoparticles Market Share: By Application Type
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.
Cerium Oxide Nanoparticles Market Share: By Region
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.
Key Players
Some of the major modular chiller manufacturers are-
American Elements
ANP Corporation
Cerion, LLC
Inframat Advanced Materials LLC
Meliorum Technologies, Inc.
Nyacol Nano Technologies Inc.
Nanophase Technologies Corporation
Plasmachem GmbH
Skyspring Nanomaterials, Inc.
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