Cerium Carbonate Market Size, Share & Industry Analysis, By Application (Medical, Glass, Automotive, Carbonates, Chemical Manufacturing, Optical & Laser Materials, Research & Laboratory, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
The cerium carbonate appears as a white color powder. It is soluble in mineral acids but insoluble in water. It is also called diceriumtricarbonate, cerium tricarbonate, carbonic acid, and cerium salt. By calcination process, the cerium carbonate gets converted to other Cerium compounds including oxide. Also, it gives off carbon dioxide when treated with dilute acids. Additionally, as raw material, the cerium carbonated is used to produce cerium compounds, glasses, and auto catalysts. The cerium carbonate also finds its use in a wide range of applications such as aerospace, medical, glass, automotive, carbonates, chemical manufacturing, optical & laser materials, pigments & coatings, and research & laboratory.
The cerium carbonate market is growing at a rapid pace owing to increasing its demand from the glass industry. The cerium carbonate is the most efficient glass polishing agent used for the precision optical polishing. Also, it is utilized to decolorize glass by keeping iron in its ferrous state. Its ability to block out ultraviolet light makes it a preferred choice in the manufacturing of medical glassware and aerospace windows. Hence, the rising demand for the product in the glass industry will aid to fuel the cerium carbonate market growth during the forecast timeline.
However, the direct contact of cerium carbonate can cause eye damage and skin irritation. This further restricts its adoption in various applications and is anticipated to hamper the market growth.
Key Market Driver -
The rising demand for cerium carbonate in the glass industry to drive the market growth.
Key Market Restraint -
The hazardous impacts of cerium carbonate to restrict the market growth
Market Segmentation:
Based on application, the cerium carbonate market is segmented into aerospace, medical, glass, automotive, carbonates, chemical manufacturing, optical & laser materials, pigments & coatings, research & laboratory, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players Covered:
The key players in the cerium carbonate market include American Elements, ESPI Metals, Haihang Industry, METALL RARE EARTH LIMITED, Blue Line Corporation, MMTA, Absco Limited, SkySpring Nanomaterials, Inc., Ultra Nano Tec, and Harvechem.
Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios
- Porters Five Forces Analysis
Regional Analysis:
Asia Pacific is anticipated to witness sustainable growth in the cerium carbonate market. The growth is attributed to the rising adoption of the product in the aerospace and automotive industry. The increasing product demand in the medical, glass, carbonate applications will fuel the market growth in Europe, in which UK and Germany are the leading countries. The higher adoption of cerium carbonate in the pigments & coatings will propel the market growth in North America. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the product in the research & laboratory application.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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