Cerium Oxide Nanoparticles Market To Reflect Impressive Growth Rate By 2022Posted by sanjayhande on November 21st, 2019 The industry players made significant investments on new commercial avenues for their product segments via strategic partnerships & collaborations. Governmental funding towards extensive research and development activities coupled with an increasing support for application of cerium oxide nanoparticles. There is a rise in demand for cerium oxide nanoparticles from various end-user industries and an increase in application scope owing to its superior properties. Also, the decrease in prices of cerium oxide nanoparticles owing to the improving manufacturing technologies is expected to drive the demand for cerium oxide nanoparticles over the forecast period. However, growing concerns over environmental impact & toxicity of cerium oxide nanoparticles, high processing costs, and stringent environmental regulations could hamper the market growth during the forecast period. A new report published by Allied Market Research titled, "Cerium Oxide Nanoparticles Market by Application and Geography - Global Opportunity Analysis and Industry Forecast, 2014 - 2022," projects that the world cerium oxide nanoparticles market is expected to reach 4 million by 2022 from 6 million in 2015, registering a CAGR of 21.7% from 2016 to 2022. It is anticipated that biomedical segment would generate the highest revenue throughout the forecast period. In the year 2015, Asia-Pacific led the global market and is expected to maintain its position throughout the study period. Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/1717 In the year 2015, polishing was the largest end-user industry, with about one-third value share of cerium oxide nanoparticles market, followed by catalyst, biomedical, energy storage and personal care & cosmetic products segment. The extraordinary physio-chemical properties of cerium oxide nanoparticles, such as catalytic, neuroprotective, high ionic conductivity and anti-inflammatory properties have increased its penetration in a wide array of application, as it results in improved performance of the end product. Key findings of the study:
In 2015, North America and Asia-Pacific collectively accounted for nearly two-thirds of the worldwide demand for cerium oxide nanoparticles and are expected to maintain their lead position throughout the forecast period. However, Asia-Pacific is projected to be the fastest growing region, with a CAGR of 22.2% in value terms, followed by North America, Europe, and LAMEA. The report provides comprehensive analysis of the key players that operate in the world cerium oxide nanoparticles market such as:
These players occupy a major share in the world cerium oxide nanoparticles market followed by other tier 2 and tier 3 players worldwide. Obtain Report Details: https://www.alliedmarketresearch.com/cerium-oxide-nanoparticles-market About Us We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Like it? Share it! More by this author |