Demand For Nafion Market To Increase Substantially From Key -Use Industry Sectors : Fact.MR

Latest industry survey by Fact MR, predicts sales of Nafion Dispersion to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.

The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.

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The global nafion market is poised to embark on a positive growth trajectory, registering a CAGR of 6% over the forecast period (2020-2030). Nafion is the first ever perfluorosulfonic acid (PFSA) polymer manufactured by Dupont in the 1970s. Nafion was primarily made in response to the increasing demand for ion exchange membranes for fuel cell applications.

The report offers actionable and valuable market insights of Nafion Dispersion. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Nafion Dispersion Market across various industries and regions.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Nafion Dispersion market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Nafion Dispersion

This newly published and insightful report sheds light on Market Insights of Nafion Dispersion, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Nafion Dispersion Market.

 

Nafion Market: Segmentation

Fact.MR has segmented the nafion market on the basis of form, application, and region.

Form

• Dispersion
• Resin
• Membrane

Application

• Energy
• Fuel Cels
• Hydrogen Production
• Energy Storage
• Chemical Processing
• Chlor Alkali
• Catalysts
• Ion Exchange
• Semiconductors
• Waste Recovery
• Others
• Drying & Humidification
• Single Tubing Systems
• Multi Tubing Systems
• Others

Region

• North America
• Latin America
• Europe
• East Asia
• Rest of the World

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Competition Analysis of Global Nafion Market

The global nafion market is oligopolistic in nature, where only four players currently account for global nafion production. Currently, The Chemours Company, Solvay SA, AGC Inc, and Dongyue Group Ltd. are the key stakeholders in the nafion market.

In response to increasing demand and to align with the trend of high performance ion exchange membranes, targeted product launches and strategic partnerships have been identified as key strategies by nafion market players.

For instance, in order to meet the increasing demand for ion exchange membranes with superior chemical stability, thermostability, durability, and mechanical strength, The Chemours Company launched a new product named Nafion NC700 membrane in 2019, which is laced with the aforementioned capabilities.

Similarly, Solvay authorized Merck KGaA, Darmstadt, Germany, as a global distributor for its high performance perfluorosulfonic acid (PFSA) product line named Aquivion. Targeted strategic initiatives by market players will not only deepen their roots in the global nafion market but also boost market growth.

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Key Takeaways from Nafion Market Study

• Despite the development of alternate membranes, nafion has remained the ideal choice among fuel cell manufacturers, owing to its exceptional chemical stability, thermostability, durability, and mechanical strength.
• Momentum towards clean energy production is projected to fuel the cell market, and thereby the demand for nafion during the forecast period.
• On the basis of form, nafion membranes have remained the choice of end users, accounting for over half of global consumption.
• Nafion ion exchange membranes have remained popular for energy and chlor alkali applications, projected to surpass a market valuation of US$ 884 Mn by 2030.
• The chlor alkali industry is poised to expand at a CAGR of 6%, creating an absolute $ opportunity worth US$ 132 Mn through 2030.
• In terms of volume and value, East Asia has dominated the global nafion market, and is projected to account for over half of global consumption by 2030.
• Restrictions on import-export due to the COVID-19 pandemic have hit the production of nafion in East Asia, which holds a major share of the market, thereby impeding the growth of the nafion market to a great extent.

“Increasing demand for proton exchange membrane fuel cells from the automotive sector is set to augment the growth of the nafion market throughout the forecast period”, says a Fact.MR analyst.

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