Cerium is an element of mischmetal, used in the manufacturing of alloys used in incandescent gas mantles, as a glass polishing agent and acts as a catalyst in self-cleaning ovens. According to BlueQuark Research & Consulting, the global Cerium market is expected to witness a significant growth rate during the forecast period with a CAGR of over 7.5%. Factors such as the increasing demand for rare earth elements have seen a positive trend in end-use industries, which is predicted to drive the need of the global cerium market in the forecasted period. Further, increased exploration of unmined reserves and recycling of cerium metal from e-waste is predicted to create growth opportunities for the cerium market in the forecasted period. Furthermore, increasing demand for cerium-based glass polishing powders is projected to grow due to the increasing usage of liquid crystal displays, precision glass lenses, silicon wafers, glass magnetic memory disks, glass display panels, and other industrial glass applications. It is expected to drive the need of the global cerium market in the forecasted period. However, fluctuation in cerium prices due to the inconsistent mining operation of cerium ores can act as a potential market restraint. Overdating Cerium in China can hamper the global market for Cerium during the forecast period.

Cerium is a catalytic converter to oxidize emitted exhaust gases such as CO and NOx from automobiles. 

The market for Cerium was mainly driven by the rising demand for rare earth metal catalysts from various manufacturing sectors. Cerium is used in multiple applications, such as polishing powder, adding colors to ceramics and glass, and self-cleaning ovens. Cerium is the most generous rare earth element found on the earth. It is soft and malleable with silvery-white color. Cerium and other lanthanide members naturally occur in an array of minerals such as phosphates (e.g., Monazite), carbonates (e.g., bastnaesite), silicates, cerite, and oxides. However, Monazite and bastnaesite are the most common mineral resources for commercial applications. Easily extracted from its ores, Cerium is generally found in combination with other rare earth metals like bastnaesite and Monazite. Cerium also possesses a unique stable state that does not oxidize with water. It is examined as one of the most common lanthanides, followed by praseodymium, neodymium, and lanthanum. Cerium is abundant and makes up to 66ppm of the earth's crust. It is the 26th most great metal, with five times as much lead and half as much as chlorine. Cerium is employed in various applications, including polishing glass and ferrocerium lighters, along with its compound, owing to its pyrophoric properties. Cerium has no known biological roles. It has a low toxicity level. It exhibits properties similar to calcium and accumulates in the human body. Cerium is also found in plants (tobacco and barley). The rise in global exploration activities to extract Cerium recommends potential growth opportunities to the market. Recycling of Cerium from electronic waste is anticipated to provide an ample supply of this metal for reuse in various end-use industries, including electronics and construction.

The Asia-Pacific region is projected to lead the Global Cerium market. The increasing need from the electronics sector in this region is one of the critical drivers for Cerium, whose condition is significant from China and Japan. China accounted for a vital share of the cerium market in the Asia Pacific owing to the abundance of Cerium in the country. The prominent feature responsible for the global Cerium market's growth is the high demand for rare earth metal catalysts from various manufacturing sectors and the dependency of Green Technology on rare earth elements. Properties such as solid adsorption capacity and irradiation stability have increased the popularity of Cerium in semiconductor applications. Increasing demand for electronic products such as computers, laptops, consumer electronics, automotive electronics, smartphones, and other industrial electronics is predicted to push the demand for semiconductors, thus benefiting the industry's growth. Cerium has replaced other metals in producing high-quality optical surfaces in polishing applications. It is also used to increase the photostability of pigments and enhance the properties of polymers. Cerium prevents the darkening of transparent polymers from sunlight. The catalysts segment followed the glass polishing fragment. An increase in usage of Cerium in automotive applications is estimated to drive the catalysts segment during the forecast period. 

The Global Cerium market is segmented. Major key players in the market were Great Western Minerals Group Ltd., Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co Ltd., Arafura Resources Ltd., Ganzhou Rare Earth Group Co. Ltd, and Avalon Rare Metals, among others.

The US Department of Energy, In March 2021, it announced US$ 30 Mn in funds to explore rare earth metals. The fund is predicted to assist research and secure the local supply chains for the available rare earth and other vital elements used in industrial and battery applications. The states of Wyoming, Texas, and California are predicted to remain attraction points for the exploration of many rare earth elements.

NYACOL Nano Technologies Inc. 2020 announced E.M. Sullivan Associates, Inc. as a distributor of its products. This collaboration will support customers' needs by providing consumers samples, product information, sales and technical support.

Researchers from Hubei Normal University have newly published a paper concerning the advances of nanoceria, Nanostructured cerium oxide (CeO2), in synthesis, luminescence, and biomedical studies. This has led to a new frontier for nanoceria particles in biomedical research involving low toxicity, retinopathy, biosensors, and cancer therapy.

Global Cerium Market report provides deep insight into the Cerium market's current and future state across various regions. The study comprehensively analyzes the Cerium market by segmenting based on Applications (Catalysts, Glass and Polishing, Magnets, Metal alloys, Ceramics, Metallurgy, and Others) and Geography (Europe, Asia-Pacific, North America, South America, and Middle-East & Africa). The report examines the market drivers and restraints influencing the growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with major companies' profiles, including their market shares and projects.