Market Overview:
The global Nafion market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy storage and analytics and instrumentation applications. Additionally, rising awareness about the benefits of using Nafion in coatings is also contributing to the growth of this market. However, volatility in prices of raw materials used for manufacturing Nafion may restrain the growth of this market during the forecast period. On basis on type, membrane segment is anticipated to hold major share in global nafion market over next 10 years owing high adoption rate across various application segments such as energy storage & analytics and instrumentation among others .
Product Definition:
Nafion is a type of polymer membrane that is commonly used in fuel cells. It has a high proton conductivity, which makes it effective for this application. Nafion is also resistant to degradation from fuels and other chemicals, making it a reliable choice for fuel cell membranes.
Membrane:
Membrane is a thin layer that separates two environments, for example, between water and air or liquid and solid. It can be made from natural materials such as plants or synthetic polymers such as Polyvinyl Chloride (PVC). The most common application of membrane is in separation processes where it is used to separate two liquids or a gas & liquid at the molecular level. Membranes are also used in food & beverage processing industries for filtration purposes.
Dispersions:
Dispersions are additives that enhance the properties of nafion. They can be classified as organic and inorganic. Organic dispersions are further sub-segmented into acrylic, polyacrylic, maleic anhydride, fumaric acid and others; while inorganic ones include silica sols (quartz), aluminum hydroxide gel (alumina) and zirconia alumina gel (zirconia).
Application Insights:
The coatings application segment is projected to witness significant growth over the forecast period. The growing construction industry in emerging economies such as China and India is anticipated to augment demand for coatings, thereby supporting the global market. In addition, increasing use of nafion in water-based coatings for industrial applications will drive growth over the next eight years.
The energy sector was one of the leading consumers of nafion globally owing to its ability to deliver excellent dispersibility and wetting properties along with high stability towards oxidation and reduction which makes it suitable for use in membranes used across multiple applications including HVAC, oil & gas refining, power generation among others.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 35.0% in 2017. This is attributed to the presence of key manufacturers such as EMD Millipore, Inc.; PerkinElmer, Inc.; and Thermo Fisher Scientific, Inc. The region will retain its dominant position throughout the forecast period due to increasing demand for advanced analytics and technological advancements in membrane filtration processes coupled with stringent government regulations pertaining to water treatment plants are expected to drive this growth further.
Asia Pacific is anticipated to witness significant growth over the forecast period owing rising population coupled with rapid urbanization especially in China.
Growth Factors:
- Increasing demand for fuel cells from the transportation sector as a result of stringent emission norms by regulatory authorities across the globe
- Rising demand for Nafion in emerging economies due to increasing industrialization and urbanization
- Growing popularity of proton exchange membrane (PEM) fuel cells among end-users owing to their high efficiency and low emissions
- Proliferation of nanotechnology-based products that can improve the performance of Nafion membranes
- Technological advancements in manufacturing processes that would lead to reduced production costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Nafion Market Research Report
By Type
Membrane, Dispersions, Resin
By Application
Energy, Analytics and Instrumentation, Coatings
By Companies
DowDuPont, Solvay, Dongyue
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Nafion Market Report Segments:
The global Nafion market is segmented on the basis of:
Types
Membrane, Dispersions, Resin
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy, Analytics and Instrumentation, Coatings
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DowDuPont
- Solvay
- Dongyue
Highlights of The Nafion Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Membrane
- Dispersions
- Resin
- By Application:
- Energy
- Analytics and Instrumentation
- Coatings
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nafion Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Nafion is a brand name for a type of polymer used in the manufacture of electronic and electrical equipment.
Some of the major players in the nafion market are DowDuPont, Solvay, Dongyue.
The nafion market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nafion Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Nafion Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Nafion Market - Supply Chain
4.5. Global Nafion Market Forecast
4.5.1. Nafion Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Nafion Market Size (000 Units) and Y-o-Y Growth
4.5.3. Nafion Market Absolute $ Opportunity
5. Global Nafion Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Nafion Market Size and Volume Forecast by Type
5.3.1. Membrane
5.3.2. Dispersions
5.3.3. Resin
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Nafion Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Nafion Market Size and Volume Forecast by Application
6.3.1. Energy
6.3.2. Analytics and Instrumentation
6.3.3. Coatings
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Nafion Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Nafion Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Nafion Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Nafion Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Nafion Demand Share Forecast, 2019-2026
9. North America Nafion Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Nafion Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Nafion Market Size and Volume Forecast by Application
9.4.1. Energy
9.4.2. Analytics and Instrumentation
9.4.3. Coatings
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Nafion Market Size and Volume Forecast by Type
9.7.1. Membrane
9.7.2. Dispersions
9.7.3. Resin
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Nafion Demand Share Forecast, 2019-2026
10. Latin America Nafion Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Nafion Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Nafion Market Size and Volume Forecast by Application
10.4.1. Energy
10.4.2. Analytics and Instrumentation
10.4.3. Coatings
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Nafion Market Size and Volume Forecast by Type
10.7.1. Membrane
10.7.2. Dispersions
10.7.3. Resin
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Nafion Demand Share Forecast, 2019-2026
11. Europe Nafion Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Nafion Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Nafion Market Size and Volume Forecast by Application
11.4.1. Energy
11.4.2. Analytics and Instrumentation
11.4.3. Coatings
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Nafion Market Size and Volume Forecast by Type
11.7.1. Membrane
11.7.2. Dispersions
11.7.3. Resin
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Nafion Demand Share, 2019-2026
12. Asia Pacific Nafion Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Nafion Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Nafion Market Size and Volume Forecast by Application
12.4.1. Energy
12.4.2. Analytics and Instrumentation
12.4.3. Coatings
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Nafion Market Size and Volume Forecast by Type
12.7.1. Membrane
12.7.2. Dispersions
12.7.3. Resin
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Nafion Demand Share, 2019-2026
13. Middle East & Africa Nafion Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Nafion Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Nafion Market Size and Volume Forecast by Application
13.4.1. Energy
13.4.2. Analytics and Instrumentation
13.4.3. Coatings
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Nafion Market Size and Volume Forecast by Type
13.7.1. Membrane
13.7.2. Dispersions
13.7.3. Resin
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Nafion Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Nafion Market: Market Share Analysis
14.2. Nafion Distributors and Customers
14.3. Nafion Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DowDuPont
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Solvay
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dongyue
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
