Nafion Market, By Component (Membrane, Dispersion, and Resin), By Application (Chemical Processing, Energy, Analytics and Instrumentation, and Coatings), By Sales Channel (Direct Channel and Distribution Channel), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI27919 | Publish Date: March 2024 | No. of Pages: 168

Global Nafion Market By Component Overview

Introduction:

Nafion Market accounted for US$ 0.7 billion in 2020 and is estimated to be US$ 1.3 billion by 2030 and is anticipated to register a CAGR of 6.2%.

Nafion is a brand name for sulfonated tetrafluoroethylene-based fluoropolymer-copolymer. Molecular formula of nafion is C9HF17O5S. Nafion is highly resistant to chemical attack. Nafion has function as an ion exchange resin when exposed to solutions and as an acid catalyst owing to strongly acidic properties of the sulfonic acid group which is present in nafion. Nafion is stable and will not undergo chemical changes unless exposed to the water solutions that contain salts.

Growing demand for nafion in a range of applications such as semiconductors, waste recovery, and ion exchange resins are major factor driving growth of the global nafion market. Additionally, increasing investments as well as funding by regulatory bodies in order to address increasing environmental concerns such as water pollution globally is another factor fuelling growth of the target market over the forecast period.

Furthermore, rising collaborations of electric vehicle as well as fuel cell manufacturers is a factor expected to propel growth of the target market in the near future. However, a high cost associated with the nafion is a key factor is expected to hamper growth of the global nafion market over the forecast period.

Global Nafion Market By Component Dynamics

Developing end-use applications of nafion market

The demand for organic polymers is growing at considerable rate among the end-use application industries, such as waste recovery, ion exchange industries, semiconductors and many more. Further, increasing use of fuel cells for wide range of application such as direct or portable methanol fuel, stationary power, transportation is also expected to act as driving factor for the growth of Nafion market.

Further, increasing investments and funding both by private and public sector is also expected to support the market.  

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Global Nafion Market By Component Segmentation

 

The Nafion Market report based on Component, Application, Sales Channel and region.

On the basis of type the target market has been segmented into Membrane, Dispersion and Resin. On the basis of application, the target market is segmented into chemical processing, energy, analytics and instrumentation, and coatings.  On the basis of sales channel, the global nafion market is bifurcated into direct channel and distribution channel.

Regional Insights:

On region the Nafion Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the target market with over 43.3% share in year 2022, due increasing expenditure on the development of infrastructure and also due to growing demand for nafion-based paints from the construction industry.

However, Asia Pacific region is expected to exhibit highest CAGR over the forecast period of time, due emerging economies such as China and India.   

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Component - Membrane, Dispersion, and Resin

By Application - Chemical Processing, Energy, Analytics and Instrumentation, and Coatings

By Sales Channel- Direct Channel and Distribution Channel

By Region- North America, Latin America, Europe, Asia Pacific, Middle East, and Africa

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

 

Nafion Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Company Profile:

  • Dupont*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Solvay S.A.
  • Dongyue Group Ltd
  • Thermofisher Scientific Inc
  • Hangzhou Dayangchem Co Ltd
  • Merck Inc.
  • BeanTown Chemical Inc
  • FUJIFILM
  • Wako Pure Chemical Corporation
  • Haihang Industry Co Ltd
  • The Chemours Company
  • Carbosynth Limited.

 “*” marked represents similar segmentation in other categories in the respective section

Global Nafion Market By Component Key Players

The key players operating in the Nafion Market includes E. I. du Pont de Nemours and Company, Solvay S.A., Dongyue Group Ltd., Thermo Fisher Scientific Inc., Hangzhou Dayangchem Co Ltd, MERCK Kommanditgesellschaft auf Aktien, BeanTown Chemical Inc, FUJIFILM Wako Pure Chemical Corporation, Haihang Industry Co Ltd, The Chemours Company, Carbosynth Limited, and Santa Cruz Biotechnology, Inc.

Global Nafion Market By Component Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Component
    • Market Snippet, By Application
    • Market Snippet, By Sales Channel
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Segmentation Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation , By Component, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Membrane
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Dispersion
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Resin
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Chemical Processing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Energy
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Analytics and Instrumentation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Coatings
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Sales Channel, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Direct Channel
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Distribution Channel
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • E. I. du Pont de Nemours and Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Solvay S.A.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dongyue Group Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Thermo Fisher Scientific Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hangzhou Dayangchem Co Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • MERCK Kommanditgesellschaft auf Aktien
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BeanTown Chemical Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • UJIFILM Wako Pure Chemical Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Haihang Industry Co Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Chemours Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Nafion Market accounted for US$ 0.7 billion in 2020 and is estimated to be US$ 1.3 billion by 2030 and is anticipated to register a CAGR of 6.2%.

The Nafion Market is segmented based on component, application, sales and region.

The Nafion market is primarily driven by the growing demand for fuel cells in various applications, including automotive and energy production, where Nafion is used as a key material for its excellent proton conductivity. Additionally, advancements in renewable energy technologies and the increasing emphasis on clean energy solutions contribute to the market's growth.

The restraints in the Nafion market may include high production costs, limited availability of raw materials, and competition from alternative proton exchange membranes, posing challenges to market expansion globally. Additionally, the complex manufacturing process and dependence on certain raw materials may impact market growth.

By region, the Nafion market report include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The North America, particularly the United States the forecast period.

The key players operating in the global Nafion Market includes DuPont, Solvay S.A., Dongyue Group Ltd., ThermoFisher Scientific Inc., Hangzhou Dayangchem Co Ltd, MERCK, BeanTown Chemical Inc, FUJIFILM Wako Pure Chemical Corporation, Haihang Industry Co Ltd, The Chemours Company, and Carbosynth Limited.