Cerium Market is expected to grow at a CAGR of 3.8% from 2021 to 2028
Cerium Industry Overview The global cerium market size is expected to reach USD 340.9 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.8% from 2021 to 2028. Demand for electronics is projected to benefit the market, as cerium oxide finds applications in semiconductor products. Cerium Market Segmentation Grand View Research has segmented the global cerium market on the basis of application and region: Based on the Application Insights, the market is segmented into Glass, Catalysts, Alloys, and Others Glass was the largest segment in 2020 and accounted for a revenue share of over 41% in the same year. Cerium is mainly used for glass polishing applications owing to its physio-chemical properties. Glass polishing powders lose their ability to polish gradually during the application owing to an accumulation of other compounds on powders. Demand for cerium-based glass polishing pow...