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.

Nafion Market Size, Share & Forecast Report by Fact.MR

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
  • 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

    2.1. Market Definition and Introduction

    2.2. Market Taxonomy/ Research Scope

3. Market Background and Foundation Data

    3.1. Global Fluoropolymers Market Outlook

        3.1.1. By Region

        3.1.2. Top Countries

    3.2. Fluoroproducts Industry Outlook

        3.2.1. Top Fluorochemical Manufacturers

        3.2.2. Top Fluoropolymer Manufacturers

    3.3. Evolution & Transition: Market

    3.4. Global Chlor Alkali Market Outlook, 2023

        3.4.1. By Region

        3.4.2. Key Trends

    3.5. Fuel Cell Market Overview

    3.6. Global Chemical Industry Outlook

    3.7. Global Semiconductor Industry Outlook, 2023

    3.8. Nafion: Apparent Production & Consumption Analysis

        3.8.1. Production Capacity (Tons)

            3.8.1.1. By Key Regions

            3.8.1.2. By Key Companies

        3.8.2. Consumption Statistics

        3.8.3. Apparent Trade Analysis

    3.9. Market Opportunity Assessment

        3.9.1. Total Available Market (US$ million)

        3.9.2. Serviceable Addressable Market (US$ million)

        3.9.3. Serviceable Obtainable Market (US$ million)

    3.10. Market Dynamics

        3.10.1. Market Growth Drivers

        3.10.2. Market Restraints

        3.10.3. Market Opportunity

        3.10.4. Market Trends

    3.11. Industry Value and Supply Chain Analysis

        3.11.1. Value Added at Each Node of Supply Chain

        3.11.2. Gross Profitability Margins (at Every Level)

        3.11.3. List of Key Participants

            3.11.3.1. Key Raw Material Suppliers

            3.11.3.2. Key Manufacturers

            3.11.3.3. Key Distributor/Retailers

            3.11.3.4. Key Buying Industries

    3.12. Forecast Factors – Relevance and Impact

    3.13. Macro-Economic Factors

    3.14. PESTLE Analysis

    3.15. Porter’s Five Force Analysis

    3.16. Investment Feasibility Analysis

    3.17. Key Success Factors

4. Global Demand (Tons) Analysis and Forecast

    4.1. Historical Market Volume (Tons) Analysis, 2018-2023

    4.2. Current and Future Market Volume (Tons) Projections, 2024-2034

    4.3. Y-o-Y Volume Growth Trend Analysis

5. Global Market - Pricing Analysis

    5.1. Product Type and Country-Level Pricing Analysis

    5.2. Global Average Pricing Analysis Benchmark

    5.3. Factors Influencing Pricing

6. Global Market Value (US$ million) Analysis and Forecast

    6.1. Historical Market Value (US$ million) Analysis, 2018-2023

    6.2. Current and Future Market Value (US$ million) Projections, 2024-2034

        6.2.1. Y-o-Y Growth Trend Analysis

        6.2.2. Absolute $ Opportunity Analysis

7. Global Market Analysis and Forecast, By Form

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Form, 2018-2023

    7.3. Current and Future Market Size (US$ million) Analysis and Volume (Tons) Forecast By Form, 2024-2034

        7.3.1. Membrane

        7.3.2. Dispersion

        7.3.3. Resin

    7.4. Market Attractiveness Analysis By Form

8. Global Market Analysis and Forecast, By Application

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Application, 2018-2023

    8.3. Current and Future Market Size (US$ million) Analysis and Volume (Tons) Forecast By Application, 2024-2034

        8.3.1. Energy

            8.3.1.1. Fuel Cell

            8.3.1.2. Hydrogen Production

            8.3.1.3. Energy Storage

        8.3.2. Chemical Processing

            8.3.2.1. Chlor Alkali

            8.3.2.2. Catalyst

            8.3.2.3. Ion Exchange

            8.3.2.4. Semiconductor

            8.3.2.5. Waste Recovery

            8.3.2.6. Others

        8.3.3. Drying & Humidification

            8.3.3.1. Single Tubing System

            8.3.3.2. Multi Tubing System

        8.3.4. Others

    8.4. Market Attractiveness Analysis By Application

9. Global Market Analysis and Forecast, By Region

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ million) and Volume (Tons) Analysis By Region, 2018-2023

    9.3. Current Market Size (US$ million) Analysis and Volume (Tons) Forecast By Region, 2024-2034

        9.3.1. North America

        9.3.2. Latin America

        9.3.3. Europe

        9.3.4. East Asia

        9.3.5. South Asia & Oceania

        9.3.6. Middle East & Africa

    9.4. Market Attractiveness Analysis By Region

10. North America Market Analysis and Forecast

    10.1. Introduction / Key Findings

    10.2. Pricing Analysis

    10.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2023

    10.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2024-2034

        10.4.1. By Country

            10.4.1.1. U.S.

            10.4.1.2. Canada

        10.4.2. By Form

        10.4.3. By Application

    10.5. Market Attractiveness Analysis

        10.5.1. By Country

        10.5.2. By Form

        10.5.3. By Application

11. Latin America Market Analysis and Forecast

    11.1. Introduction / Key Findings

    11.2. Pricing Analysis

    11.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2023

    11.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2024-2034

        11.4.1. By Country

            11.4.1.1. Brazil

            11.4.1.2. Mexico

            11.4.1.3. Argentina

            11.4.1.4. Rest of Latin America

        11.4.2. By Form

        11.4.3. By Application

    11.5. Market Attractiveness Analysis

        11.5.1. By Country

        11.5.2. By Form

        11.5.3. By Application

12. Europe Market Analysis and Forecast

    12.1. Introduction / Key Findings

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2023

    12.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2024-2034

        12.4.1. By Country

            12.4.1.1. Germany

            12.4.1.2. France

            12.4.1.3. Italy

            12.4.1.4. Spain

            12.4.1.5. U.K.

            12.4.1.6. BENELUX

            12.4.1.7. Russia

            12.4.1.8. Rest of Europe

        12.4.2. By Form

        12.4.3. By Application

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Form

        12.5.3. By Application

13. East Asia Market Analysis and Forecast

    13.1. Introduction / Key Findings

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2023

    13.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2024-2034

        13.4.1. By Country

            13.4.1.1. China

            13.4.1.2. Japan

            13.4.1.3. South Korea

        13.4.2. By Form

        13.4.3. By Application

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Form

        13.5.3. By Application

14. South Asia & Oceania Market Analysis and Forecast

    14.1. Introduction / Key Findings

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2023

    14.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2024-2034

        14.4.1. By Country

            14.4.1.1. India

            14.4.1.2. Thailand

            14.4.1.3. Indonesia

            14.4.1.4. Malaysia

            14.4.1.5. Australia & New Zealand

            14.4.1.6. Rest of South Asia & Oceania

        14.4.2. By Form

        14.4.3. By Application

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Form

        14.5.3. By Application

15. Middle East & Africa Market Analysis and Forecast

    15.1. Introduction / Key Findings

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ million) and Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2023

    15.4. Market Size (US$ million) and Volume (Tons) Forecast By Market Taxonomy, 2024-2034

        15.4.1. By Country

            15.4.1.1. GCC Countries

            15.4.1.2. South Africa

            15.4.1.3. Northern Africa

            15.4.1.4. Turkey

            15.4.1.5. Rest of Middle East & Africa

        15.4.2. By Form

        15.4.3. By Application

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Form

        15.5.3. By Application

16. Country-level Market Analysis and Forecast

    16.1. Introduction / Key Findings

        16.1.1. Market Value Proportion Analysis, By Key Countries

        16.1.2. Global Vs. Country Growth Comparison

    16.2. US Market Analysis

        16.2.1. Value Proportion Analysis by Market Taxonomy

        16.2.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.2.2.1. By Form

            16.2.2.2. By Application

    16.3. Canada Market Analysis

        16.3.1. Value Proportion Analysis by Market Taxonomy

        16.3.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.3.2.1. By Form

            16.3.2.2. By Application

    16.4. Brazil Market Analysis

        16.4.1. Value Proportion Analysis by Market Taxonomy

        16.4.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.4.2.1. By Form

            16.4.2.2. By Application

    16.5. Mexico Market Analysis

        16.5.1. Value Proportion Analysis by Market Taxonomy

        16.5.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.5.2.1. By Form

            16.5.2.2. By Application

    16.6. Argentina Market Analysis

        16.6.1. Value Proportion Analysis by Market Taxonomy

        16.6.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.6.2.1. By Form

            16.6.2.2. By Application

    16.7. Germany Market Analysis

        16.7.1. Value Proportion Analysis by Market Taxonomy

        16.7.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.7.2.1. By Form

            16.7.2.2. By Application

    16.8. France Market Analysis

        16.8.1. Value Proportion Analysis by Market Taxonomy

        16.8.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.8.2.1. By Form

            16.8.2.2. By Application

    16.9. Italy Market Analysis

        16.9.1. Value Proportion Analysis by Market Taxonomy

        16.9.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.9.2.1. By Form

            16.9.2.2. By Application

    16.10. Spain Market Analysis

        16.10.1. Value Proportion Analysis by Market Taxonomy

        16.10.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.10.2.1. By Form

            16.10.2.2. By Application

    16.11. BENELUX Market Analysis

        16.11.1. Value Proportion Analysis by Market Taxonomy

        16.11.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.11.2.1. By Form

            16.11.2.2. By Application

    16.12. Russia Market Analysis

        16.12.1. Value Proportion Analysis by Market Taxonomy

        16.12.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.12.2.1. By Form

            16.12.2.2. By Application

    16.13. U.K. Market Analysis

        16.13.1. Value Proportion Analysis by Market Taxonomy

        16.13.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.13.2.1. By Form

            16.13.2.2. By Application

    16.14. China Market Analysis

        16.14.1. Value Proportion Analysis by Market Taxonomy

        16.14.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.14.2.1. By Form

            16.14.2.2. By Application

    16.15. Japan Market Analysis

        16.15.1. Value Proportion Analysis by Market Taxonomy

        16.15.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.15.2.1. By Form

            16.15.2.2. By Application

    16.16. South Korea Market Analysis

        16.16.1. Value Proportion Analysis by Market Taxonomy

        16.16.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.16.2.1. By Form

            16.16.2.2. By Application

    16.17. India Market Analysis

        16.17.1. Value Proportion Analysis by Market Taxonomy

        16.17.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.17.2.1. By Form

            16.17.2.2. By Application

    16.18. ASEAN Countries Market Analysis

        16.18.1. Value Proportion Analysis by Market Taxonomy

        16.18.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.18.2.1. By Form

            16.18.2.2. By Application

    16.19. Australia Market Analysis

        16.19.1. Value Proportion Analysis by Market Taxonomy

        16.19.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.19.2.1. By Form

            16.19.2.2. By Application

    16.20. GCC Countries Market Analysis

        16.20.1. Value Proportion Analysis by Market Taxonomy

        16.20.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.20.2.1. By Form

            16.20.2.2. By Application

    16.21. Turkey Market Analysis

        16.21.1. Value Proportion Analysis by Market Taxonomy

        16.21.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.21.2.1. By Form

            16.21.2.2. By Application

    16.22. South Africa Market Analysis

        16.22.1. Value Proportion Analysis by Market Taxonomy

        16.22.2. Volume (Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018-2034

            16.22.2.1. By Form

            16.22.2.2. By Application

17. Market Structure Analysis

    17.1. Market Analysis by Tier of Companies

    17.2. Market Concentration of Players

    17.3. Market Share Analysis of Top Players

    17.4. Market Presence Analysis

18. Competition Analysis

    18.1. Competition Dashboard

    18.2. Competition Benchmarking of Products

    18.3. Competition Deep Dive: Nafion

        18.3.1. AGC Inc.

            18.3.1.1. Overview

            18.3.1.2. Product Portfolio

            18.3.1.3. Key Financials

            18.3.1.4. Sales Footprint

            18.3.1.5. SWOT Analysis

            18.3.1.6. Key Developments

            18.3.1.7. Strategy Overview

        18.3.2. Dongyue Group Ltd.

            18.3.2.1. Overview

            18.3.2.2. Product Portfolio

            18.3.2.3. Key Financials

            18.3.2.4. Sales Footprint

            18.3.2.5. SWOT Analysis

            18.3.2.6. Key Developments

            18.3.2.7. Strategy Overview

        18.3.3. Solvay SA

            18.3.3.1. Overview

            18.3.3.2. Product Portfolio

            18.3.3.3. Key Financials

            18.3.3.4. Sales Footprint

            18.3.3.5. SWOT Analysis

            18.3.3.6. Key Developments

            18.3.3.7. Strategy Overview

        18.3.4. The Chemours Company

            18.3.4.1. Overview

            18.3.4.2. Product Portfolio

            18.3.4.3. Key Financials

            18.3.4.4. Sales Footprint

            18.3.4.5. SWOT Analysis

            18.3.4.6. Key Developments

            18.3.4.7. Strategy Overview

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, 2018-2023

Table 02. Global Market Value (US$ million) and Forecast by Region, 2024-2034

Table 03. Global Market Volume (Tons) and Forecast by Region, 2018-2023

Table 04. Global Market Volume (Tons) and Forecast by Region, 2024-2034

Table 05. Global Market Value (US$ million) and Forecast By Form, 2018-2023

Table 06. Global Market Value (US$ million) and Forecast By Form, 2024-2034

Table 07. Global Market Volume (Tons) and Forecast By Form, 2018-2023

Table 08. Global Market Volume (Tons) and Forecast By Form, 2024-2034

Table 09. Global Market Value (US$ million) and Forecast By Application, 2018-2023

Table 10. Global Market Value (US$ million) and Forecast By Application, 2024-2034

Table 11. Global Market Volume (Tons) and Forecast By Application, 2018-2023

Table 12. Global Market Volume (Tons) and Forecast By Application, 2024-2034

Table 13. North America Market Value (US$ million) and Forecast by Country, 2018-2023

Table 14. North America Market Value (US$ million) and Forecast by Country, 2024-2034

Table 15. North America Market Volume (Tons) and Forecast by Country, 2018-2023

Table 16. North America Market Volume (Tons) and Forecast by Country, 2024-2034

Table 17. North America Market Value (US$ million) and Forecast By Form, 2018-2023

Table 18. North America Market Value (US$ million) and Forecast By Form, 2024-2034

Table 19. North America Market Volume (Tons) and Forecast By Form, 2018-2023

Table 20. North America Market Volume (Tons) and Forecast By Form, 2024-2034

Table 21. North America Market Value (US$ million) and Forecast By Application, 2018-2023

Table 22. North America Market Value (US$ million) and Forecast By Application, 2024-2034

Table 23. North America Market Volume (Tons) and Forecast By Application, 2018-2023

Table 24. North America Market Volume (Tons) and Forecast By Application, 2024-2034

Table 25. Latin America Market Value (US$ million) and Forecast by Country, 2018-2023

Table 26. Latin America Market Value (US$ million) and Forecast by Country, 2024-2034

Table 27. Latin America Market Volume (Tons) and Forecast by Country, 2018-2023

Table 28. Latin America Market Volume (Tons) and Forecast by Country, 2024-2034

Table 29. Latin America Market Value (US$ million) and Forecast By Form, 2018-2023

Table 30. Latin America Market Value (US$ million) and Forecast By Form, 2024-2034

Table 31. Latin America Market Volume (Tons) and Forecast By Form, 2018-2023

Table 32. Latin America Market Volume (Tons) and Forecast By Form, 2024-2034

Table 33. Latin America Market Value (US$ million) and Forecast By Application, 2018-2023

Table 34. Latin America Market Value (US$ million) and Forecast By Application, 2024-2034

Table 35. Latin America Market Volume (Tons) and Forecast By Application, 2018-2023

Table 36. Latin America Market Volume (Tons) and Forecast By Application, 2024-2034

Table 37. Europe Market Value (US$ million) and Forecast by Country, 2018-2023

Table 38. Europe Market Value (US$ million) and Forecast by Country, 2024-2034

Table 39. Europe Market Volume (Tons) and Forecast by Country, 2018-2023

Table 40. Europe Market Volume (Tons) and Forecast by Country, 2024-2034

Table 41. Europe Market Value (US$ million) and Forecast By Form, 2018-2023

Table 42. Europe Market Value (US$ million) and Forecast By Form, 2024-2034

Table 43. Europe Market Volume (Tons) and Forecast By Form, 2018-2023

Table 44. Europe Market Volume (Tons) and Forecast By Form, 2024-2034

Table 45. Europe Market Value (US$ million) and Forecast By Application, 2018-2023

Table 46. Europe Market Value (US$ million) and Forecast By Application, 2024-2034

Table 47. Europe Market Volume (Tons) and Forecast By Application, 2018-2023

Table 48. Europe Market Volume (Tons) and Forecast By Application, 2024-2034

Table 49. East Asia Market Value (US$ million) and Forecast by Country, 2018-2023

Table 50. East Asia Market Value (US$ million) and Forecast by Country, 2024-2034

Table 51. East Asia Market Volume (Tons) and Forecast by Country, 2018-2023

Table 52. East Asia Market Volume (Tons) and Forecast by Country, 2024-2034

Table 53. East Asia Market Value (US$ million) and Forecast By Form, 2018-2023

Table 54. East Asia Market Value (US$ million) and Forecast By Form, 2024-2034

Table 55. East Asia Market Volume (Tons) and Forecast By Form, 2018-2023

Table 56. East Asia Market Volume (Tons) and Forecast By Form, 2024-2034

Table 57. East Asia Market Value (US$ million) and Forecast By Application, 2018-2023

Table 58. East Asia Market Value (US$ million) and Forecast By Application, 2024-2034

Table 59. East Asia Market Volume (Tons) and Forecast By Application, 2018-2023

Table 60. East Asia Market Volume (Tons) and Forecast By Application, 2024-2034

Table 61. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2018-2023

Table 62. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2024-2034

Table 63. South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2018-2023

Table 64. South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2024-2034

Table 65. South Asia & Oceania Market Value (US$ million) and Forecast By Form, 2018-2023

Table 66. South Asia & Oceania Market Value (US$ million) and Forecast By Form, 2024-2034

Table 67. South Asia & Oceania Market Volume (Tons) and Forecast By Form, 2018-2023

Table 68. South Asia & Oceania Market Volume (Tons) and Forecast By Form, 2024-2034

Table 69. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2018-2023

Table 70. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2024-2034

Table 71. South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2018-2023

Table 72. South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2024-2034

Table 73. MEA Market Value (US$ million) and Forecast by Country, 2018-2023

Table 74. MEA Market Value (US$ million) and Forecast by Country, 2024-2034

Table 75. MEA Market Volume (Tons) and Forecast by Country, 2018-2023

Table 76. MEA Market Volume (Tons) and Forecast by Country, 2024-2034

Table 77. MEA Market Value (US$ million) and Forecast By Form, 2018-2023

Table 78. MEA Market Value (US$ million) and Forecast By Form, 2024-2034

Table 79. MEA Market Volume (Tons) and Forecast By Form, 2018-2023

Table 80. MEA Market Volume (Tons) and Forecast By Form, 2024-2034

Table 81. MEA Market Value (US$ million) and Forecast By Application, 2018-2023

Table 82. MEA Market Value (US$ million) and Forecast By Application, 2024-2034

Table 83. MEA Market Volume (Tons) and Forecast By Application, 2018-2023

Table 84. MEA Market Volume (Tons) and Forecast By Application, 2024-2034

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List Of Figures

Figure 01. Global Market Value (US$ million) and Volume (Tons) Forecast, 2024-2034

Figure 02. Global Market Absolute $ Opportunity (US$ million), 2024-2034

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, 2024-2034

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, 2024-2034

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, 2024-2034

Figure 09. North America Market Value (US$ million) and Volume (Tons) Forecast, 2024-2034

Figure 10. North America Market Absolute $ Opportunity (US$ million), 2024-2034

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, 2024-2034

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, 2024-2034

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, 2024-2034

Figure 17. North America Market Attractiveness Analysis by Country, 2024-2034

Figure 18. North America Market Attractiveness Analysis By Form, 2024-2034

Figure 19. North America Market Attractiveness Analysis By Application, 2024-2034

Figure 20. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2024-2034

Figure 21. Latin America Market Absolute $ Opportunity (US$ million), 2024-2034

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, 2024-2034

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, 2024-2034

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, 2024-2034

Figure 28. Latin America Market Attractiveness Analysis by Country, 2024-2034

Figure 29. Latin America Market Attractiveness Analysis By Form, 2024-2034

Figure 30. Latin America Market Attractiveness Analysis By Application, 2024-2034

Figure 31. Europe Market Value (US$ million) and Volume (Tons) Forecast, 2024-2034

Figure 32. Europe Market Absolute $ Opportunity (US$ million), 2024-2034

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, 2024-2034

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, 2024-2034

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, 2024-2034

Figure 39. Europe Market Attractiveness Analysis by Country, 2024-2034

Figure 40. Europe Market Attractiveness Analysis By Form, 2024-2034

Figure 41. Europe Market Attractiveness Analysis By Application, 2024-2034

Figure 42. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2024-2034

Figure 43. East Asia Market Absolute $ Opportunity (US$ million), 2024-2034

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, 2024-2034

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, 2024-2034

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, 2024-2034

Figure 50. East Asia Market Attractiveness Analysis by Country, 2024-2034

Figure 51. East Asia Market Attractiveness Analysis By Form, 2024-2034

Figure 52. East Asia Market Attractiveness Analysis By Application, 2024-2034

Figure 53. South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2024-2034

Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2024-2034

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, 2024-2034

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, 2024-2034

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, 2024-2034

Figure 61. South Asia & Oceania Market Attractiveness Analysis by Country, 2024-2034

Figure 62. South Asia & Oceania Market Attractiveness Analysis By Form, 2024-2034

Figure 63. South Asia & Oceania Market Attractiveness Analysis By Application, 2024-2034

Figure 64. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2024-2034

Figure 65. MEA Market Absolute $ Opportunity (US$ million), 2024-2034

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, 2024-2034

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, 2024-2034

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, 2024-2034

Figure 72. MEA Market Attractiveness Analysis by Country, 2024-2034

Figure 73. MEA Market Attractiveness Analysis By Form, 2024-2034

Figure 74. MEA Market Attractiveness Analysis By Application, 2024-2034

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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.

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