Global Ceria-Zirconia Sales Market Size By Product(2-5 µm, and 8-15 µm.), By Application(Automotive), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Ceria Zirconia Sales Market Size And Forecast

Ceria Zirconia Sales Market size was valued at USD 234.13 Million in 2020 and is projected to reach USD 297.70 Million by 2028, growing at a CAGR of 3.10% from 2021 to 2028.

Ceria-zirconia is an important component of TWC, and most researches are interested in the solid solution of Ceria-Zirconia (Ce-rich) this factor driving the growth of the market. The Global Ceria Zirconia Sales Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Ceria Zirconia Sales?

Ceria-zirconia is a cerium (IV) oxide (CeO2, commonly known as ceria) and zirconium oxide solid solution (ZrO2, also known as zirconia). The Zr/Ce ratio and temperature affect the crystal structure of ceria-zirconia. Ceria-zirconia has the cubic fluorite structure, which is seen in both pure ceria and cubic zirconia at very low Zr concentrations (pure zirconia normally only adopts a cubic structure at high temperatures). Other crystal forms, such as two different tetragonal phases at intermediate Zr concentrations and a monoclinic phase at extremely high Zr concentrations, emerge at higher Zr concentrations.

Global Ceria Zirconia Sales Market Overview

For gasoline engines, keeping our air clean has relied heavily on something called a three-way catalyst. It's like a magic box that transforms the nasty stuff from car exhaust into something less harmful. But car companies face a real challengemaking these catalysts even better. To create more efficient catalysts that meet increasingly strict environmental rules around the globe, we really need to understand all the nitty-gritty details that go into designing them. These three-way catalysts (TWCs) are designed to scrub away exhaust emissions, zapping CO, HC (that's hydrocarbons!), and NOx all at once. A key ingredient in these TWCs? Something called ceria-zirconia. Lots of research focuses on a special mix of it, a solid solution that's rich in cerium (Ce-rich). However, one thing holding back the market is that the prices of raw materials can jump around a lot. That volatility makes things tricky!

Ceria Zirconia Sales MarketSegmentation Analysis

The Global Ceria Zirconia Sales Market is segmented on the basis of Application, Product and Region.

Ceria Zirconia Sales Market by Product

  • 2-5 µm
  • 8-15 µm

To Get Summarized Market Report By Product-

Based on product, the market is bifurcated into 2-5 µm, and 8-15 µm. L4 2-5 µm accounted for the largest market share in 2020. The 2-5 um segment growth can be attributed to growing its growing application in automotive engines.

Ceria Zirconia Sales Market by Application

  • Automotive
  • Others

To Get Summarized Market Report By Application-

On the basis of application, the Global Ceria Zirconia Sales Market has been segmented into Automotive, and Others. Automotive accounted for the largest market share in 2020. Ceria-Zirconia Sales Market is highly growing due to its various application in automotive industries. Factors attributing the growth of the segment is because of its key factors in controlling the air pollution from automotive industries.

Ceria Zirconia Sales Market by Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

To Get Summarized Market Report By Geography-

On the basis of regional analysis, the Global Ceria Zirconia Sales Market is classified into North America, Europe, Asia Pacific and Rest of the world. Asia-Pacific is expected to hold the largest market share of the Ceria Zirconia Sales over the forecast period followed by Europe. Increasing growth of automotive industry in Asia Pacific is the significant factors affecting overall ceria-zirconia demand in the region.

Key Players

The “Global Ceria Zirconia Sales Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Solvay, Neo, Daiichi Kigenso Kagaku-Kogyo Co., Ltd, Shandong Sinocera Functional Material Co., Ltd., China Northern Rare Earth (Group) High-Tech Co., Ltd and Others.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Company Name

Key Development

Description

SolvayAcquisition
  • Solvay reached an agreement with Latour Capital to sell its technical-grade barium and strontium business in Germany, Spain and Mexico as well as its sodium per carbonate business in Germany.
  • Solvay’s barium and strontium business includes a joint venture with Chemical Products Corporation (CPC), which is part of the transaction.
NeoBusiness Expansion
  • Neo Performance Materials (TSXNEO), announced about its expansion of Neo’s current production of advanced rare earth element (“REE”) products in Estonia, and well as to potentially launch new manufacturing of REE-based metals, alloys, and magnetic materials for use in electric vehicles and other green Application.
China Northern Rare Earth (Group) High-Tech Co., LtdBusiness Expansion
  • China Northern Rare Earth (Group) High-Tech Co – which is the country’s largest light rare-earth producer Baogang Group – in Baotou, North China’s Inner Mongolia Autonomous Region is stepping up construction of the new production line, which will make 500 tons of ceria-zirconia solid solution a year.
  • This new facility is expected to help the company move away from its traditional model of extracting and selling ore toward more advanced production

Report Scope

Report AttributesDetails
Study Period

2017-2028

Base Year

2020

Forecast Period

2021-2028

Historical Period

2017-2019

Unit

Value (USD Billion)

Key Companies Profiled

Solvay, Neo, Daiichi Kigenso Kagaku-Kogyo Co., Ltd, Shandong Sinocera Functional Material Co., Ltd., China Northern Rare Earth (Group) High-Tech Co., Ltd and Others.

Segments Covered

By Application, By Product and By Geography.

Customization Scope

Free report customization (equivalent up to 4 analyst’s working days)  with purchase. Addition or alteration to country, regional & segment scope

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We'll take a good hard look at the market, diving into both the numbers (quantitative) and the less tangible stuff (qualitative), breaking it all down by different segments based on economic factors and, well, everything else! You'll get the market value in good old USD Billion for each of those segments and sub-segments. We'll also point out which region and segment we think are going to be the real rock stars, seeing the fastest growth and bossing the market. We'll analyze each region by looking at how much of the product/service they're using and what's influencing the market there. Expect a competitive rundown showing where the big players rank, plus all the juicy details on new stuff they've launched, who they've partnered with, and who bought who in the last five years. You'll get in-depth company profiles, too, with overviews, insights, how their products stack up, and a good ol' SWOT analysis. We'll give you our take on where the market is now and where it's headed, considering recent happenings like growth opportunities, drivers, and the challenges facing both up-and-coming and established regions. We'll even throw in a deep dive using Porter's five forces to analyze the market from all angles. Expect insights on the market's Value Chain, the market dynamics, and all the potential growth in the years ahead. Oh, and did we mention you get 6 months of analyst support after the sale?

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