Nafion Market
Nafion Market Analysis By Form (Membrane, Dispersion, Resin), By Application (Energy, Chemical Processing, Drying & Humidification) and By Region - Global Market Report (2024 to 2034)
Analysis of Nafion Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Nafion Market Outlook (2024 to 2034)
The global Nafion market size is projected to reach US$ 812.8 million in 2024 and is forecasted to climb to US$ 1.41 billion by the end of 2034. Worldwide demand for Nafion is predicted to rise at 5.6% CAGR over the next ten years (2024 to 2034).
Nafion materials are manufactured from copolymers of tetrafluoroethylene and perfluorinated monomers containing sulfonic acid end groups available in three forms which are resin, dispersion, and membrane. Nafion is also known as perfluorosulfonic acid polymer or perfluorinated sulfonic acid (PFSA), specially designed to be used as a Nafion membrane in fuel cell applications.
Attributed to its universal chemical resistivity and high thermal stability Nafion is used in a range of chemical applications, including Chlor alkali, as a super acid resin, as a catalyst, and also in surface treatment of PTFE membranes to mention a few.
Nafion is used in a variety of electrochemical cells and electrolytic devices under a variety of operating conditions due to its exceptional resistance to impurities and efficient power consumption. Because of its ability to boost production efficiency in a more environment-friendly manner, it has become the membrane of choice for Chlor alkali manufacturers, which will significantly increase demand for Nafion in the years to come.
“Need for Green Hydrogen Production to Offer Lucrative Market Opportunities”
Nafion ion exchange membranes used in electrochemical cells offer an environment-friendly and sustainable solution to produce large amounts of hydrogen without carbon dioxide emission. Momentum towards clean hydrogen production and increased adoption of Nafion ion exchange membranes in an electrochemical cell is projected to amplify sales of Nafion through 2034.
- In January 2023, The Chemours Company, a renowned supplier of Nafion, announced a US$ 200 million investment to increase the production capacity of Nafion ion exchange materials at a manufacturing plant located in Villers-Saint-Paul, France. The move was made to accommodate the surging demand for Nafion in green hydrogen production.
| Report Attributes | Details |
|---|---|
| Nafion Market Size (2024E) | US$ 812.8 Million |
| Projected Market Value (2034F) | US$ 1.41 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.6% CAGR |
| Sales in East Asia (2024E) | US$ 365.7 Million |
| Demand Growth in Chemical Processing Applications (2024 to 2034) | 5.5% CAGR |
| Sales in Japan (2024E) | US$ 100.3 Million |
| North America Market Share (2024E) | 25.4% |
| Key Companies Profiled | The Chemours Company; Solvay SA; AGC Inc.; Dongyue Group Ltd. |
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Which Hoops Should Nafion Manufacturers Jump through to Succeed in the Future?
“Rising Availability of Alternatives and High Cost of Production”
For over 35 years, Nafion material has been on the market and is highly used in fuel cells for space travel applications. Owing to its numerous advantages, it is becoming the choice of material in the range of applications. A large number of production steps and hazardous monomer involvement in the production of Nafion have limited its scope till now. Along with production, its precautions for safe handling are costly.
Primary reason for high-cost production is its low-scale production, which is ultimately due to its low demand. As Nafion is primarily used in the fuel cell, which is in its initial phase of the product life cycle has resulted in its low demand. Owing to high cost and low-scale production recent studies are focused on other non-fluorinated polymers such as polyethersulfone (PES), polybenzimidazole (PBI), polyaryleneethers, sulfonated polyetheretherketone (SPEEK), sulfonated polysulfone (SPSF), polyphosphazene, and polyimides, among others.
These materials offer good thermal, mechanical, and chemical properties and a cost-effective solution over Nafion. The aforementioned facts may hinder the market growth during the forecast period. Nafion material is largely used as ion exchange membranes in fuel cells and it is poised to remain an ideal ion exchange membrane in fuel cell applications during the forecast period.
However, sustainable alternative offerings by other membrane manufacturers such as 3M, Gore Fuel Cell Technologies, etc. may squeeze the demand for Nafion materials. These companies offer membranes for the photon exchange membrane fuel cell industry laced with high durability and power density, which are designed for the most demanding fuel cell applications across the globe. There are limited players in the Nafion market, whereas the global membrane market is filled with numerous market players. Attributed to this fact and other aforementioned reasons, global Nafion market growth is projected to take a hit in the long run.
Know more about threats and other growth-influencing factors such as local supply, pricing trends, product standards, safety regulations, and new developments in this Nafion market research analysis by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
What Has Made European Countries a Godsend for Nafion Suppliers?
“Rapid Transition toward Clean Energy Sources”
| Attribute | Europe |
|---|---|
| Market Value (2024E) | US$ 158.3 Million |
| Growth Rate (2024 to 2034) | 5.1% CAGR |
| Projected Value (2034F) | US$ 262 Million |
There is no one better at making sustainability a reality than European countries, which is why they are considered to be highly remunerative markets for Nafion providers in the long run. High demand for fuel cells in multiple renewable energy projects and electric vehicles is estimated to augment shipments of Nafion in Europe across the study period and beyond. Prioritization of green and sustainable hydrogen production in countries such as Germany, France, Sweden, and the United Kingdom could also favor Nafion demand through 2034.
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Country-wise Insights
Other than European countries, Nafion manufacturers and distributors can target countries such as India, China, the United States, and Japan to amplify their global business potential and extend their lead in the market as these countries will enjoy high Nafion market shares.
What’s Attracting Nafion Companies to India?
“Surging Sales of Electric Vehicles Offering New Market Opportunities”
| Attribute | India |
|---|---|
| Market Value (2024E) | US$ 14.4 Million |
| Growth Rate (2024 to 2034) | 4.7% CAGR |
| Projected Value (2034F) | US$ 22.9 Million |
High focus on the reduction of carbon emissions has led to increased adoption of electric vehicles in India, which is creating a highly lucrative scenario for Nafion companies operating in the South Asian region. Rising demand for fuel cells in India and increasing efforts of the Indian government to make the country a leader in green hydrogen production are also forecasted to uplift shipments of Nafion in the country through 2034.
Why is the United States a Key Market for Nafion?
“Presence of Key Nafion Companies in the Country”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 182.6 Million |
| Growth Rate (2024 to 2034) | 5.5% CAGR |
| Projected Value (2034F) | US$ 313 Million |
Presence of key Nafion suppliers such as Chemours and Solvay makes the United States a key market in the global landscape. Growing adoption of sustainable materials in different industry verticals and surging demand for green hydrogen in the country are also forecasted to bolster Nafion sales in the country across the study period.
Category-wise Insights
As per the latest Nafion market trends, several companies are focusing on supplying Nafion membranes for different energy applications as the world focuses on transitioning toward clean energy sources.
In Which Form is Nafion Extensively Utilized?
“Nafion Membranes Spearheading Market Expansion”
| Attribute | Membrane |
|---|---|
| Segment Value (2024E) | US$ 526.8 Million |
| Growth Rate (2024 to 2034) | 5.7% CAGR |
| Projected Value (2034F) | US$ 920 Million |
Polymer electrolyte membranes (PEM) also known as proton-exchange membranes are used in proton-exchange membrane fuel cells to convert stored chemical energy in hydrogen fuel to produce electrical energy with water as a byproduct. Increasing demand for proton exchange membrane fuel cells from the automotive sector is set to augment demand for Nafion materials during the forecast period.
Currently, Nafion and sulfonated aromatic polymer are the most used electrolytes for the production of proton exchange membrane fuel cells, in which Nafion accounts for a major share. However, owing to their low mechanical strength at high temperatures, the application of these two electrolytes is limited to below 100°C.
Despite the development of alternate membranes, Nafion remained an ideal choice among fuel cell manufacturers owing to its exceptional chemical stability, thermostability, durability, and mechanical strength. The aforementioned facts and scenarios are poised to boost the global proton exchange membrane demand and subsequently benefit Nafion market development as well.
Where is Most Nafion Used Across the World?
“Energy Applications to Hold Dominant Market Share”
| Attribute | Energy |
|---|---|
| Segment Value (2024E) | US$ 447.1 Million |
| Growth Rate (2024 to 2034) | 5.8% CAGR |
| Projected Value (2034F) | US$ 790 Million |
Increasing inclination of the world toward renewable energy sources is projected to play in favor of high Nafion demand over the coming years. High use of Nafion in the production of fuel cells and green hydrogen generation are projected to bolster Nafion shipments in the energy industry over the next ten years.
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Competitive Landscape
Leading Nafion brands are focusing on partnerships, collaborations, mergers, and acquisitions to amplify their business potential and improve their share in the global marketplace.
- In May 2023, The Chemours Company along with FUMATECH and BWT announced the launch of its operations as part of the previously announced joint venture back in October 2022. Through this collaboration, the companies aim to develop industry-leading Nafion ion exchange membranes for applications in sustainable mobility.
Key Segments of Nafion Market Research
-
By Form :
- Membrane
- Resin
- Dispersion
-
By Application :
- Energy
- Fuel Cells
- Hydrogen Production
- Energy Storage
- Chemical Processing
- Chlor Alkali
- Catalysts
- Ion Exchange
- Semiconductors
- Waste Recovery
- Others
- Drying & Humidification
- Single Tubing Systems
- Multi Tubing Systems
- Others
- Energy
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Form
- 7.1. Membrane
- 7.2. Dispersion
- 7.3. Resin
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Energy
- 8.1.1. Fuel Cell
- 8.1.2. Hydrogen Production
- 8.1.3. Energy Storage
- 8.2. Chemical Processing
- 8.2.1. Chlor Alkali
- 8.2.2. Catalyst
- 8.2.3. Ion Exchange
- 8.2.4. Semiconductor
- 8.2.5. Waste Recovery
- 8.2.6. Others
- 8.3. Drying & Humidification
- 8.3.1. Single Tubing System
- 8.3.2. Multi Tubing System
- 8.4. Others
- 8.1. Energy
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. AGC Inc.
- 18.2. Dongyue Group Ltd.
- 18.3. Solvay SA
- 18.4. The Chemours Company
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) and Forecast by Region, 2018 to 2023
Table 02. Global Market Value (US$ million) and Forecast by Region, 2024 to 2034
Table 03. Global Market Volume (Tons) and Forecast by Region, 2018 to 2023
Table 04. Global Market Volume (Tons) and Forecast by Region, 2024 to 2034
Table 05. Global Market Value (US$ million) and Forecast By Form, 2018 to 2023
Table 06. Global Market Value (US$ million) and Forecast By Form, 2024 to 2034
Table 07. Global Market Volume (Tons) and Forecast By Form, 2018 to 2023
Table 08. Global Market Volume (Tons) and Forecast By Form, 2024 to 2034
Table 09. Global Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 10. Global Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 11. Global Market Volume (Tons) and Forecast By Application, 2018 to 2023
Table 12. Global Market Volume (Tons) and Forecast By Application, 2024 to 2034
Table 13. North America Market Value (US$ million) and Forecast by Country, 2018 to 2023
Table 14. North America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 15. North America Market Volume (Tons) and Forecast by Country, 2018 to 2023
Table 16. North America Market Volume (Tons) and Forecast by Country, 2024 to 2034
Table 17. North America Market Value (US$ million) and Forecast By Form, 2018 to 2023
Table 18. North America Market Value (US$ million) and Forecast By Form, 2024 to 2034
Table 19. North America Market Volume (Tons) and Forecast By Form, 2018 to 2023
Table 20. North America Market Volume (Tons) and Forecast By Form, 2024 to 2034
Table 21. North America Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 22. North America Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 23. North America Market Volume (Tons) and Forecast By Application, 2018 to 2023
Table 24. North America Market Volume (Tons) and Forecast By Application, 2024 to 2034
Table 25. Latin America Market Value (US$ million) and Forecast by Country, 2018 to 2023
Table 26. Latin America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 27. Latin America Market Volume (Tons) and Forecast by Country, 2018 to 2023
Table 28. Latin America Market Volume (Tons) and Forecast by Country, 2024 to 2034
Table 29. Latin America Market Value (US$ million) and Forecast By Form, 2018 to 2023
Table 30. Latin America Market Value (US$ million) and Forecast By Form, 2024 to 2034
Table 31. Latin America Market Volume (Tons) and Forecast By Form, 2018 to 2023
Table 32. Latin America Market Volume (Tons) and Forecast By Form, 2024 to 2034
Table 33. Latin America Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 34. Latin America Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 35. Latin America Market Volume (Tons) and Forecast By Application, 2018 to 2023
Table 36. Latin America Market Volume (Tons) and Forecast By Application, 2024 to 2034
Table 37. Europe Market Value (US$ million) and Forecast by Country, 2018 to 2023
Table 38. Europe Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 39. Europe Market Volume (Tons) and Forecast by Country, 2018 to 2023
Table 40. Europe Market Volume (Tons) and Forecast by Country, 2024 to 2034
Table 41. Europe Market Value (US$ million) and Forecast By Form, 2018 to 2023
Table 42. Europe Market Value (US$ million) and Forecast By Form, 2024 to 2034
Table 43. Europe Market Volume (Tons) and Forecast By Form, 2018 to 2023
Table 44. Europe Market Volume (Tons) and Forecast By Form, 2024 to 2034
Table 45. Europe Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 46. Europe Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 47. Europe Market Volume (Tons) and Forecast By Application, 2018 to 2023
Table 48. Europe Market Volume (Tons) and Forecast By Application, 2024 to 2034
Table 49. East Asia Market Value (US$ million) and Forecast by Country, 2018 to 2023
Table 50. East Asia Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 51. East Asia Market Volume (Tons) and Forecast by Country, 2018 to 2023
Table 52. East Asia Market Volume (Tons) and Forecast by Country, 2024 to 2034
Table 53. East Asia Market Value (US$ million) and Forecast By Form, 2018 to 2023
Table 54. East Asia Market Value (US$ million) and Forecast By Form, 2024 to 2034
Table 55. East Asia Market Volume (Tons) and Forecast By Form, 2018 to 2023
Table 56. East Asia Market Volume (Tons) and Forecast By Form, 2024 to 2034
Table 57. East Asia Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 58. East Asia Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 59. East Asia Market Volume (Tons) and Forecast By Application, 2018 to 2023
Table 60. East Asia Market Volume (Tons) and Forecast By Application, 2024 to 2034
Table 61. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2018 to 2023
Table 62. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 63. South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2018 to 2023
Table 64. South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2024 to 2034
Table 65. South Asia & Oceania Market Value (US$ million) and Forecast By Form, 2018 to 2023
Table 66. South Asia & Oceania Market Value (US$ million) and Forecast By Form, 2024 to 2034
Table 67. South Asia & Oceania Market Volume (Tons) and Forecast By Form, 2018 to 2023
Table 68. South Asia & Oceania Market Volume (Tons) and Forecast By Form, 2024 to 2034
Table 69. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 70. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 71. South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2018 to 2023
Table 72. South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2024 to 2034
Table 73. MEA Market Value (US$ million) and Forecast by Country, 2018 to 2023
Table 74. MEA Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 75. MEA Market Volume (Tons) and Forecast by Country, 2018 to 2023
Table 76. MEA Market Volume (Tons) and Forecast by Country, 2024 to 2034
Table 77. MEA Market Value (US$ million) and Forecast By Form, 2018 to 2023
Table 78. MEA Market Value (US$ million) and Forecast By Form, 2024 to 2034
Table 79. MEA Market Volume (Tons) and Forecast By Form, 2018 to 2023
Table 80. MEA Market Volume (Tons) and Forecast By Form, 2024 to 2034
Table 81. MEA Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 82. MEA Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 83. MEA Market Volume (Tons) and Forecast By Application, 2018 to 2023
Table 84. MEA Market Volume (Tons) and Forecast By Application, 2024 to 2034
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Tons) Forecast, 2024 to 2034
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 03. Global Market Value (US$ million) and Volume (Tons) by Region, 2024 & 2034
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2024 to 2034
Figure 05. Global Market Value (US$ million) and Volume (Tons) By Form, 2024 & 2034
Figure 06. Global Market Y-o-Y Growth Rate By Form, 2024 to 2034
Figure 07. Global Market Value (US$ million) and Volume (Tons) By Application, 2024 & 2034
Figure 08. Global Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 09. North America Market Value (US$ million) and Volume (Tons) Forecast, 2024 to 2034
Figure 10. North America Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 11. North America Market Value (US$ million) and Volume (Tons) by Country, 2024 & 2034
Figure 12. North America Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 13. North America Market Value (US$ million) and Volume (Tons) By Form, 2024 & 2034
Figure 14. North America Market Y-o-Y Growth Rate By Form, 2024 to 2034
Figure 15. North America Market Value (US$ million) and Volume (Tons) By Application, 2024 & 2034
Figure 16. North America Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 17. North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 18. North America Market Attractiveness Analysis By Form, 2024 to 2034
Figure 19. North America Market Attractiveness Analysis By Application, 2024 to 2034
Figure 20. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2024 to 2034
Figure 21. Latin America Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 22. Latin America Market Value (US$ million) and Volume (Tons) by Country, 2024 & 2034
Figure 23. Latin America Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 24. Latin America Market Value (US$ million) and Volume (Tons) By Form, 2024 & 2034
Figure 25. Latin America Market Y-o-Y Growth Rate By Form, 2024 to 2034
Figure 26. Latin America Market Value (US$ million) and Volume (Tons) By Application, 2024 & 2034
Figure 27. Latin America Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 28. Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 29. Latin America Market Attractiveness Analysis By Form, 2024 to 2034
Figure 30. Latin America Market Attractiveness Analysis By Application, 2024 to 2034
Figure 31. Europe Market Value (US$ million) and Volume (Tons) Forecast, 2024 to 2034
Figure 32. Europe Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 33. Europe Market Value (US$ million) and Volume (Tons) by Country, 2024 & 2034
Figure 34. Europe Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 35. Europe Market Value (US$ million) and Volume (Tons) By Form, 2024 & 2034
Figure 36. Europe Market Y-o-Y Growth Rate By Form, 2024 to 2034
Figure 37. Europe Market Value (US$ million) and Volume (Tons) By Application, 2024 & 2034
Figure 38. Europe Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 39. Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40. Europe Market Attractiveness Analysis By Form, 2024 to 2034
Figure 41. Europe Market Attractiveness Analysis By Application, 2024 to 2034
Figure 42. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2024 to 2034
Figure 43. East Asia Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 44. East Asia Market Value (US$ million) and Volume (Tons) by Country, 2024 & 2034
Figure 45. East Asia Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 46. East Asia Market Value (US$ million) and Volume (Tons) By Form, 2024 & 2034
Figure 47. East Asia Market Y-o-Y Growth Rate By Form, 2024 to 2034
Figure 48. East Asia Market Value (US$ million) and Volume (Tons) By Application, 2024 & 2034
Figure 49. East Asia Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 50. East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 51. East Asia Market Attractiveness Analysis By Form, 2024 to 2034
Figure 52. East Asia Market Attractiveness Analysis By Application, 2024 to 2034
Figure 53. South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2024 to 2034
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 55. South Asia & Oceania Market Value (US$ million) and Volume (Tons) by Country, 2024 & 2034
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 57. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Form, 2024 & 2034
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate By Form, 2024 to 2034
Figure 59. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2024 & 2034
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 61. South Asia & Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 62. South Asia & Oceania Market Attractiveness Analysis By Form, 2024 to 2034
Figure 63. South Asia & Oceania Market Attractiveness Analysis By Application, 2024 to 2034
Figure 64. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2024 to 2034
Figure 65. MEA Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 66. MEA Market Value (US$ million) and Volume (Tons) by Country, 2024 & 2034
Figure 67. MEA Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 68. MEA Market Value (US$ million) and Volume (Tons) By Form, 2024 & 2034
Figure 69. MEA Market Y-o-Y Growth Rate By Form, 2024 to 2034
Figure 70. MEA Market Value (US$ million) and Volume (Tons) By Application, 2024 & 2034
Figure 71. MEA Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 72. MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73. MEA Market Attractiveness Analysis By Form, 2024 to 2034
Figure 74. MEA Market Attractiveness Analysis By Application, 2024 to 2034
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Competitive landscape highlights only certain players
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- FAQs -
What is Nafion demand estimated to be in 2024?
The global Nafion market is estimated at US$ 812.8 million in 2024.
What is the projected market valuation for Nafion by 2034?
Nafion demand is set to reach a market value of US$ 1.41 billion by 2034-end.
How fast is the Nafion market expanding?
Sales of Nafion are set to increase at 5.6% CAGR from 2024 to 2034.
Where are Nafion sales expected to soar high?
Sales of Nafion in East Asia are forecasted to reach US$ 365.7 million in 2024.
What statistics are listed for China in this Fact.MR report?
Demand for Nafion in China is predicted to rise at 6.4% CAGR over the next ten years.
Who are the top Nafion suppliers?
The Chemours Company, Solvay SA, AGC Inc., and Dongyue Group Ltd. are leading Nafion manufacturers.
Nafion Market