Global Nafion Market By Component Overview
Nafion Market accounted for USD 0.7 billion in 2020 and is estimated to be USD 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 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 nafion market over the forecast period.
Global Nafion Market By Component Drivers & Restraints
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.
Global Nafion Market By Component Segmentations & Regional Insights
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 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.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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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 |
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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 |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Nafion Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- U.S.
- Canada
- 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.
Global Nafion Market By Component Competitive Landscape & 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
- Santa Cruz Biotechnology, Inc.
Global Nafion Market By Component Highlights
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.