Cerium Oxide Nanoparticles Market Trends

Growth Drivers

• Growing Generation of Waste Water - Municipal wastewater is produced worldwide on an annual basis in the amount of about 379 billion m3. By 2030 and 2050, respectively, there is expected to be about a 23% increase and close to a 50% increase in the output of wastewater. As a result of its special redox, transport, and oxygen storage capabilities, cerium dioxide is a substance of major technological importance that can be utilized to treat waste water efficiently.
• Surge in Demand for Nanoparticles Manufactured Through Green Methods - The demand for nanoparticles made using green methods is rising as environmentally conscious and sustainable practices are attracting more and more attention. This strategy links with an increasing demand for environmentally friendly products and processes, which could result in a competitive advantage and cerium oxide nanoparticles market growth for enterprises involved in the production of cerium oxide nanoparticles through green synthesis methods.
• Rising Use of Cerium Oxide Nanoparticles in Cosmetics - The capacity of these nanoparticles to absorb UV light has been used in the beauty and skincare industries. These nanoparticles, which are incorporated into sunscreen formulas, shield the skin from damaging UV rays, preventing skin damage and improving skin health in general.

Challenges

• Adverse Effect on Human & Animals – It is indicated that CeONP caused considerable lung reactions in animals, including lung damage, cytotoxicity, inflammation, and discharge of pro-inflammatory and fibrotic cytokines; functional changes in alveolar macrophages; induction of phospholipids; and lung inflammation. Additionally, CeONP is linked to heart fibrosis; Myocardial Fibroblast Proliferation and collagen deposition were promoted in rats by CeONP. Since cerium does not occur in humans and does not have a clearance mechanism, systemic toxicity would be anticipated.
• High Initial Investment
• Government Stringent Law