Hexa Reports Industry Cerium Oxide Nanoparticles Market

Cerium Oxide Nanoparticles Market Share, Demand Analysis and
Trends Forecast by 2025
“The Global Cerium Oxide Nanoparticles Market is expected to reach USD
1.04 billion by 2025, according to a new report by Hexa Reports. Strong
demand from sectors such as construction and automobiles, increasing
research and technological advancements is expected to benefit.”
The Global Cerium Oxide Nanoparticles Market is expected to reach USD 1.04 billion by 2025, according to a
new report by Hexa Reports. Strong demand from sectors such as construction and automobiles, increasing
research and technological advancements is expected to benefit the market demand.
Regarding application, energy storage dominated the segment and is expected to grow at a CAGR of 14.7%
from 2017 to 2025. 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 Scenario is expected to continue the forecast period.
Browse Detail Report With TOC @
http://www.hexareports.com/report/cerium-oxide-nanoparticles-market
Follow Us: