Nafion Industry Analysis in East Asia
Study on Nafion in East Asia By Form (Membrane, Dispersion, Resin), By Application (Energy, Chemical Processing, Drying & Humidification) and By Country - 2023 to 2033
Analysis of Nafion Industry Covering Countries Including Analysis of China, Japan, and South Korea
Nafion Sales Outlook for East Asia (2023 to 2033)
Demand for Nafion in East Asia is estimated at a value of US$ 346.9 million in 2023 and is forecasted to rise at 6.1% CAGR from 2023 to 2033. Fact.MR projects sales of Nafion in the region to reach US$ 627.3 million by the end of 2033.
Nafion sales in East Asia are projected to bring in more revenue than any other region in the world. Presence of semiconductor manufacturers, and chemical companies, and the development of hydrogen-powered vehicles are forecasted to create highly attractive business opportunities for Nafion providers in East Asia going forward.
Rising focus on sustainability and the high demand for green hydrogen generation are also uplifting shipments of Nafion materials in this region. The high use of Nafion as a catalyst and super acid resin in the chemical industry is also projected to bolster its demand outlook in the East Asian region across the forecast period.
- East Asia is projected to account for 46.9% of global Nafion sales by 2033-end.
| Report Attributes | Details |
|---|---|
| Nafion Sales in East Asia (2023) | US$ 346.9 Million |
| Projected Sales (2033F) | US$ 627.3 Million |
| Demand Growth (2023 to 2033) | 6.1% CAGR |
| Nafion Resin Sales Volume (2033F) | 374.6 Tons |
| Demand Growth in Energy Applications (2023 to 2033) | 6.3% CAGR |
| Sales in South Korea (2033F) | US$ 86.9 Million |
| Demand Volume in China (2023) | 1,064 Tons |
| Key Companies Profiled |
|
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What’s Threatening Nafion Demand Growth in East Asia?
“Increasing Availability of Nafion Substitutes and High Cost of Nafion Production”
Increasing investments in the R&D of novel materials to improve the efficiency of hydrogen production and synthesis has resulted in the growing availability of Nafion substitutes in the East Asian region. The rising availability of these Nafion alternatives is projected to hurt shipments of Nafion over the coming years.
- In 2023, researchers at Nagoya University, Japan, announced that they had developed a new polymer electrolyte membrane (PEM) for fuel cells. The new membrane has an ion exchange capacity (IEC) 5 times higher than Nafion and six times higher conductivity than Nafion.
High cost of Nafion production is also projected to impede demand for Nafion in East Asia and create issues for companies across the study period and beyond. Learn more about growth-augmenting aspects such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study for Nafion by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Country-wise Insights
China, Japan, and South Korea are all projected to be highly attractive markets in the East Asian region with China taking the lead in terms of value as well as volume sales.
Why Will Investing in China Be a Smart Choice for Nafion Suppliers?
“Robust Semiconductor Manufacturing Activity and High Hydrogen Production”
| Attribute | China |
|---|---|
| Market Value (2023) | US$ 199.9 Million |
| Growth Rate (2023 to 2033) | 6.4% CAGR |
| Projected Value (2033) | US$ 373.3 Million |
China is a renowned name in the world when it comes to hydrogen and semiconductor production, both of these applications are estimated to bolster demand for Nafion products in the country going forward. The rapidly expanding electric vehicle fleet of the country is also anticipated to favor Nafion sales in China over the next ten years. Hydrogen production in China is still a very emission-intensive affair and efforts by the government to promote the production of sustainable hydrogen generation are slated to create new opportunities for Nafion suppliers in the future.
What Opportunities Does Japan Offer for Nafion Companies?
“High Production of Hydrogen-powered Vehicles”
| Attribute | Japan |
|---|---|
| Market Value (2023) | US$ 94.9 Million |
| Growth Rate (2023 to 2033) | 5.8% CAGR |
| Projected Value (2033) | US$ 167.1 Million |
Japanese automotive companies have proven their mettle in the world by creating some of the most iconic vehicles in the automotive history of the world. Now, as the focus on sustainability is increasing and demand for alternative fuel vehicles is rising around the world, Japanese automotive giants have shifted their focus to the development of hydrogen engines that work on hydrogen fuel cells. Increasing investments in the development of clean hydrogen technologies and sustainable hydrogen production are slated to influentially augment shipments of Nafion materials in Japan over the coming years.
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Category-wise Insights
Nafion companies are focusing on providing Nafion for chemical processing and energy applications to bolster their presence in the East Asian region. Most Nafion suppliers in East Asia are predicted to focus on supplying Nafion membranes to satisfy the rising demand.
Nafion in Which Form Holds a Leading Market Share?
“Nafion Membranes Popular in East Asian Region”
| Attribute | Membrane |
|---|---|
| Segment Value (2023) | US$ 225.5 Million |
| Growth Rate (2023 to 2033) | 6.1% CAGR |
| Projected Value (2033) | US$ 410.3 Million |
Nafion membranes find application in the development of various kinds of fuel cells. East Asia is home to some of the most prominent fuel cell manufacturing companies in the world and this is projected to benefit sales of Nafion in the long run. Japan and South Korea are forecasted to emerge as highly remunerative markets by the end of 2033 but China is slated to maintain its dominance from the present time to the end of the study period.
Which Type of Chemical Processing is Nafion Extensively Used In?
“Chlor Alkali Processing Driving Sales of Nafion Materials”
| Attribute | Chemical Processing |
|---|---|
| Segment Value (2023) | US$ 130.4 Million |
| Growth Rate (2023 to 2033) | 5.9% CAGR |
| Projected Value (2033) | US$ 231.9 Million |
East Asian countries are home to some of the most prominent chemical manufacturing companies in the world. Moreover, the abundant availability of raw materials, cheap labor, and supportive government initiatives are also contributing to the expanding chemical industry in this region. As chemical manufacturing activity rises, the demand for Nafion in chemical processing is also forecasted to increase. The chlor alkali process is anticipated to account for a prominent Nafion demand volume over the next ten years.
- Sales of Nafion for the chlor alkali process are extrapolated to account for a revenue of US$ 137.1 million and a volume of 699.4 tons by 2033-end.
Competitive Landscape
Chemours controls the supply of Nafion majorly in East Asia and the rest of the world and this is why any other Nafion supplier looking to make a mark in this region should collaborate or partner with Chemours to make their business a success.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Nafion Study in East Asia
-
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 Country :
- China
- Japan
- South Korea
Table of Content
1. East Asia Industry - Executive Summary 1.1. East Asia Industry Overview 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Fact.MR Analysis and Recommendations 2. East Asia Industry Overview 2.1. Industry Coverage / Taxonomy 2.2. Industry Introduction and Definition 3. Industry Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Nafion 3.1.2. COVID-19 Crisis and Impact on Aprotic Solvent Prices 3.1.3. COVID-19 Impact Benchmark with Previous Crisis 3.1.3.1. Change in Demand 3.1.3.2. Before and After COVID-19 Crisis (Projected) 3.1.3.3. Before and After Sub-prime Crisis – 2008 (Actual) 3.1.3.4. Change in Demand Post-Recovery Period (After Each Crisis) 3.1.4. Impact on Industry and Value (US$ Mn) 3.1.4.1. Likely Loss of Value in 2022 3.1.4.2. Mid-term and Long-term Forecasts 3.1.4.3. Quarter by Quarter Demand and Recovery Assessment 3.1.5. Anticipated Demand and Value Recovery Curve 3.1.5.1. Likelihood of U-Shape Recovery 3.1.5.2. Likelihood of L-Shape Recovery 3.1.6. Recovery Period Assessment by Key Countries 3.1.7. Recovery Assessment by Key Industry Segments 3.1.8. Action Points and Recommendations for Suppliers 3.1.9. Impact on Trade Balance 3.2. Key Trends Impacting the Industry 3.3. Formulation and Source Development Trends 4. Industry Background and Data Points 4.1. Need of the Hour for Industries 4.2. Industry Wise Industry 4.0 4.3. Strategic Priorities 4.4. Life Cycle Stage 4.5. Importance of Technology 4.6. Use Cases of Nafion 4.7. Forecast Factors: Relevance and Impact 4.8. Investment Feasibility Matrix 4.9. PESTLE Analysis 4.10. Porter’s Five Forces Analysis 4.11. Industry Dynamics 4.11.1. Drivers 4.11.2. Restraints 4.11.3. Opportunity Analysis 4.11.4. Trend 5. East Asia Industry Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Industry Value (US$ Mn) Analysis, 2018 to 2022 5.2. Current and Future Industry Value (US$ Mn) Projections, 2023 to 2033 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. East Asia Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Introduction / Key Findings 6.2. Historical Industry Value (US$ Mn) Analysis By Form, 2018 to 2022 6.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast By Form, 2023 to 2033 6.3.1. Membrane 6.3.2. Resin 6.3.3. Dispersion 6.4. Industry Attractiveness Analysis By Form 7. East Asia Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application 7.1. Introduction / Key Findings 7.2. Historical Industry Value (US$ Mn) Analysis By Application, 2018 to 2022 7.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast By Application, 2023 to 2033 7.3.1. Energy 7.3.2. Chemical Processing 7.3.3. Drying & Humidification 7.3.4. Others 7.4. Industry Attractiveness Analysis By Application 8. East Asia Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country 8.1. Introduction / Key Findings 8.2. Historical Industry Value (US$ Mn) Analysis By Country, 2018 to 2022 8.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast By Country, 2023 to 2033 8.3.1. China 8.3.2. Japan 8.3.3. South Korea 8.4. Industry Attractiveness Analysis By Country 9. China Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 9.1. Introduction / Key Findings 9.2. Historical Industry Value (US$ Mn) Trend Analysis By Industry Taxonomy, 2018 to 2022 9.3. Industry Value (US$ Mn) Forecast By Industry Taxonomy, 2023 to 2033 9.3.1. By Form 9.3.2. By Application 9.4. Industry Attractiveness Analysis 9.4.1. By Form 9.4.2. By Application 10. Japan Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 10.1. Introduction / Key Findings 10.2. Historical Industry Size (US$ Mn) Trend Analysis By Industry Taxonomy, 2018 to 2022 10.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast, 2023 to 2033 10.3.1. By Form 10.3.2. By Application 10.4. Industry Attractiveness Analysis 10.4.1. By Form 10.4.2. By Application 11. South Korea Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 11.1. Introduction / Key Findings 11.2. Historical Industry Size (US$ Mn) Trend Analysis By Industry Taxonomy, 2018 to 2022 11.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast, 2023 to 2033 11.3.1. By Form 11.3.2. By Application 11.4. Industry Attractiveness Analysis 11.4.1. By Form 11.4.2. By Application 12. Industry Structure Analysis 12.1. Industry Analysis by Tier of Companies 12.2. Industry Concentration 12.3. Industry Share Analysis of Top Players 12.4. Industry Presence Analysis 13. Competition Analysis 13.1. Competition Dashboard 13.2. Competition Benchmarking 13.3. Competition Deep Dive 13.3.1. Chemours 13.3.1.1. Company Overview 13.3.1.2. Source overview 13.3.1.3. SWOT Analysis 13.3.1.4. Key Developments 13.3.2. AGC Inc. 13.3.2.1. Company Overview 13.3.2.2. Source overview 13.3.2.3. SWOT Analysis 13.3.2.4. Key Developments 13.3.3. Dongyue Group Ltd. 13.3.3.1. Company Overview 13.3.3.2. Source overview 13.3.3.3. SWOT Analysis 13.3.3.4. Key Developments 14. Assumptions and Acronyms Used 15. Research Methodology
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List Of Table
Table 01: East Asia Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 02: East Asia Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 03: East Asia Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 04: East Asia Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 05: East Asia Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 06: East Asia Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 07: East Asia Industry Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 08: East Asia Industry Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 09: East Asia Industry Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 10: China Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 11: China Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 12: China Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 13: China Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 14: China Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 15: China Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 16: Japan Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 17: Japan Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 18: Japan Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 19: Japan Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 20: Japan Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 21: Japan Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 22: South Korea Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 23: South Korea Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 24: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 25: South Korea Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 26: South Korea Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 27: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
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List Of Figures
Figure 01: East Asia Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 02: East Asia Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 03: East Asia Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 04: East Asia Industry Incremental $ Opportunity, 2023 to 2033
Figure 05: East Asia Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 06: East Asia Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 07: East Asia Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 08: East Asia Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 09: East Asia Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 10: East Asia Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 11: East Asia Industry Share and BPS Analysis by Country, 2023 & 2033
Figure 12: East Asia Industry Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 13: East Asia Industry Attractiveness Analysis by Country, 2023 to 2033
Figure 14: China Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 15: China Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 16: China Industry Value Y-o-Y Growth and Forecast, 2033
Figure 17: China Industry Incremental $ Opportunity, 2023 to 2033
Figure 18: China Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 19: China Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 20: China Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 21: China Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 22: China Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 23: China Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 24: Japan Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 25: Japan Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 26: Japan Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 27: Japan Industry Incremental $ Opportunity, 2023 to 2033
Figure 29: Japan Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 29: Japan Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 30: Japan Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 31: Japan Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 32: Japan Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 33: Japan Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 34: South Korea Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 35: South Korea Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 36: South Korea Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 37: South Korea Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 38: South Korea Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 39: South Korea Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 40: South Korea Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 41: South Korea Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 42: South Korea Industry Attractiveness Analysis by Application, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How much is Nafion demand in East Asia?
Nafion sales in East Asia are valued at US$ 346.9 million in 2023.
What is the forecasted sales revenue for 2033?
Sales of Nafion are forecasted to reach US$ 627.3 million by the end of 2033.
At what pace will the demand for Nafion rise in the region?
Demand for Nafion in East Asia is set to increase at 6.1% CAGR over the next ten years.
What is Nafion mostly used for?
Nafion is extensively used in chemical processing and energy applications in East Asia.
How fast will Nafion sales rise in China?
Nafion sales in China are forecasted to rise at 6.4% CAGR from 2023 to 2033.
Who are the key Nafion manufacturers?
Chemours, AGC Inc., and Dongyue Group Ltd. are leading companies in the East Asian region.
Nafion Industry Analysis in East Asia