The global cerium carbonate market size is expected to gain momentum due to the rising demand in glass industry during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Cerium Carbonate Market, 2022-2029.” It has a white powder appearance and is soluble in mineral acids but not in water. It is transformed into various cerium compounds, including oxide, during the calcination process. When handled with dilute acids, it also produces carbon dioxide. It is used in various application such as aerospace, medical glass, chemical manufacturing, laser material, and automotive industries.

COVID-19 Impact-

Government Restrictions to Hamper Growth

COVID-19 has wreaked havoc on a variety of industries, including the chemical sector that has been severely impacted by the implementation of lockdowns in many countries. While the slowdown in economic activity has hampered the development of new industries and expansions, it significantly impacted the consumption of cerium carbonate.

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What does the Report Offer?

The report provides a holistic evaluation of the growth aspects. It offers comprehensive analysis of trends, key players, strategies, application, aspects, and new product development. It contains constraints, segments, drivers, restraints, and competitive landscape.

Segments-

By application, the market is segmented into aerospace, medical, glass, automotive, carbonates, chemical manufacturing, optical & laser materials, pigments & coatings, research & laboratory, and others. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Drivers & Restraints-

Increasing Demand from Glass Industry to Stimulate Growth in Cerium Carbonate Market

The global cerium carbonate market growth is expected to grow due to the increasing demand from glass industry during the projected period. It is the most efficient glass polishing agent for precise optical polishing. It’s also used to retain iron in its ferrous condition, which helps to decolorize glass. It is a preferred choice in the manufacture of medical glassware and aerospace windows due to its ability to block out ultraviolet light which is expected to drive the market forward.

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REGIONAL INSIGHTS

Increasing Demand in Aerospace Industry to Promote Growth in Asia Pacific

Asia Pacific is expected to hold the largest global cerium carbonate market share during the forecast period. The rising adoption in aerospace, and automotive industry is expected to drive the market in the region.

Europe is expected to have a sizable share of the market. This is owing to an increase in medical adoption, with the United Kingdom and Germany leading the way in the region.

Competitive Landscape-

Increasing Number of Mergers to Spur Demand Opportunities

The market is largely consolidated, with a few large companies and a large number of small players. Mid-size and smaller businesses are expanding their market presence by releasing new items at lower prices, due to technical improvements and product innovations. In addition, the leading players are active in strategic alliances with companies that complement their product line, such as acquisitions, collaborations, and partnerships.

Industry Development-

  • February 2021: Avalon Advanced Materials specified that it has reached an agreement to buy Ontario INC., a private Ontario corporation with four industrial mineral mines and a processing factory near Matheson. The firms have determined that the presence of rare earth, scandium, and zirconium in the Ontario INC plants will be recovered through tailing operations.

List of Key Players Profiled in the Global Market for Cerium Carbonate:

  • American Elements
  • ESPI Metals
  • Haihang Industry
  • METALL RARE EARTH LIMITED
  • Blue Line Corporation
  • MMTA
  • Absco Limited
  • SkySpring Nanomaterials
  • Ultra Nano Tec
  • Harvechem

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