Cerium Oxide Nanoparticles Market Size 2022-27 Share, Trends, Industry Report and Forecast
According to the latest report by IMARC Group, titled " Global Cerium Oxide Nanoparticles Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027 ", the global cerium oxide nanoparticles market size reached a value of US$ 668.1 Million in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 1,902.20 Million by 2027 , exhibiting a CAGR of 18.60% during 2022-2027. Cerium oxide nanoparticles (CeNPs), or nanoceria, are inorganic antioxidants synthesized by decomposing cerium−oleate complex in solvents with a high boiling point. They adjust their electronic configuration to fit the immediate environment. Besides this, CeNPs have unique characteristics such as high catalytic activity, large surface area, switchable redox reactivity, and oxygen transferability. Owing to these properties, these nanoparticles find extensive applications in chemical mechanical planarization (CMP), energy storage, and biomedicine across the globe. We a...