Covina, United States: 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 2029
Nafion Market Outlook
- Market Value 2020: US$ 0.7 Bn
- Market Value Estimation 2030: US$ 1.3 Bn
- CAGR: 6.2%
The first perfluorosulfonic acid (PFSA) polymer was called Nafion, and it was created by Dupont in the 1970s. The main reason for the creation of Nafion was the rise in demand for ion exchange membranes for use in fuel cell applications. Over the course of the forecast period, the worldwide nafion market size is expected to increase due to the ability to provide a financially viable alternative to maximise production efficiency in the chlor alkali industry. The demand for Nafion market has also expanded as a result of growing demand for sustainable energy sources, worries about rising emission standards, and momentum toward low- or no-emission automobile.
Top News relating to Industry, Innovation:
- In June 2019 – SLM Solutions announced that the company has extended its cooperation agreement with Beam IT, the largest additive manufacturing service provider in Italy.
- In May 2016 – EOS, one of the leading suppliers in the global nafion market announced that it has introduced a new line metal materials.
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Key Segmentation of the Nafion market:
The global 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 global Nafion Market is segmented based on component, application, sales and region.
- On the basis of component, the global Nafion market is segmented into membrane, dispersion, and resin.
- On the basis of application, the global Nafion Market is segmented into chemical processing, energy, analytics and instrumentation, and coating.
- On the basis of sales channel, the global Nafion Market is segmented into Direct Channel and Distribution Channel.
- On the basis of region, the global Nafion Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The Nafion Market Report mentions the following promising regions:
- 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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Top-tier significant players:
The prominent player 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.
Premium Report offers:
- Assessments of market share for the regional and national segments
- A description of the business, including its goals, finances, and most recent advancements.
- In addition to a comprehensive analysis of market share, the report contains data on significant drivers, restraints, and opportunities.
- The market power of consumers and suppliers is demonstrated via Porter’s five forces study.
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