Cerium Oxide Nanoparticles Market Is Expected To Reach USD 1.04 Billion By 2025: Grand View Research Inc.
San Francisco, 13 March 2019: The Report Cerium Oxide Nanoparticles Market Analysis By Application (Energy Storage, Polishing Agent, Personal Care, Pharmaceuticals), By Region, And Segment Forecasts, 2018 - 2025 The global Cerium Oxide Nanoparticles Market is expected to reach USD 1.04 billion by 2025, according to a new report by Grand View Research, Inc. 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 capabi