Nafion Industry Analysis in Latin America
Study on Nafion in Latin America By Form (Membrane, Dispersion, Resin), By Application (Energy, Chemical Processing, Drying & Humidification) and By Country - 2023 to 2033
Nafion Industry Analysis Report in Latin America Covering Countries Including Analysis of Brazil, Mexico, Argentina, Chile, Peru, and Rest of Latin America
Nafion Sales Outlook for Latin America (2023 to 2033)
According to Fact.MR, a market research and competitive intelligence provider, expanding at a CAGR of 4.7%, Nafion sales in Latin America have reached US$ 29.2 million in 2023 and are projected to end up at a market value of US$ 46.2 million by 2033.
Nafion is a name of synthetic polymer known as a sulfonated tetrafluoroethylene-based fluoropolymer-copolymer. It was produced by the chemical company DuPont (now Chemours) and is well-known for its unique properties, particularly its high ionic conductivity and excellent resistance to chemical and thermal degradation.
Nafion is widely used as a proton exchange membrane (PEM) in various applications, particularly in fuel cells. Nafion is also used in other applications, such as ion exchange resin in chemical processes, membranes for water electrolysis, and in various industries where its combination of chemical resistance and ionic conductivity is valuable. It is an essential material in the field of electrochemistry and fuel cell technology.
- Demand for Nafin membranes is projected to reach a value of US$ 31.4 million by 2033 in the region.
Nafion membranes are a critical component in proton exchange membrane fuel cells (PEMFCs). These fuel cells are used in various applications, including transportation (such as hydrogen-powered vehicles), stationary power generation, and portable electronics. The rapidly growing fuel cell industry is predicted to drive the demand for Nafion membranes during the next 10 years.
| Report Attributes | Details |
|---|---|
| Nafion Sales in Latin America (2023E) | US$ 29.2 Million |
| Forecasted Sales (2033F) | US$ 46.2 Million |
| Demand Growth (2023 to 2033) | 4.7% CAGR |
| Key Companies Profiled |
|
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How is Nafion Crafting a Brighter Future for End-use Industries?
“Energizing Role of Nafion in Powering Industrial Growth and Innovation”
Industrial growth in Latin America, particularly in the chemical and electronics sectors, is leading to an increasing demand for advanced materials such as Nafion. Nafion's unique combination of properties, including chemical resistance, ionic conductivity, and water management capabilities, makes it an indispensable component in various industrial processes and applications. As these sectors continue to evolve and embrace more sustainable and efficient technologies, the role of Nafion in enhancing processes and product performance is likely to expand.
The chemical industry in Latin America is witnessing substantial growth, driven by factors such as urbanization, population growth, and increasing consumer demands. Nafion, as a perfluorosulfonic acid (PFSA) polymer, plays a pivotal role in ion exchange applications within the chemical sector. Its exceptional chemical resistance and ionic conductivity make it an ideal choice for separating and purifying ions in chemical processes.
The electronics industry in Latin America is increasing due to the growing consumer electronics consumption, the developing automotive sector, and advancements in telecommunications. This growth is leading to a driving demand for advanced materials such as Nafion, which can improve electronic device performance.
Country-wise Analysis
Why are Nafion Sales High in Brazil?
“Growing Use of Nafion in Brazil’s Renewable Energy Sector”
| Attribute | Brazil |
|---|---|
| Market Value (2023) | US$ 12.7 Million |
| Demand Growth (2023 to 2033) | 5% CAGR |
| Projected Sales (2033) | US$ 20.8 Million |
Brazil is actively promoting the use of clean and renewable energy sources. Nafion, as a critical component of proton exchange membrane fuel cells (PEMFCs), aligns with the country's push for clean energy adoption, driving its demand growth.
Robust industrial base in Brazil, including chemicals, electronics, and automotive manufacturing, creates a healthy demand for Nafion. These sectors use Nafion in various processes, including ion exchange applications and fuel cell technologies.
What’s Driving Nafion Demand Growth in Argentina?
“Rising Adoption in Electrochemical Innovations and Applications”
| Attribute | Argentina |
|---|---|
| Market Value (2023) | US$ 5.2 Million |
| Demand Growth (2023 to 2033) | 4.1% CAGR |
| Projected Sales (2033) | US$ 7.8 Million |
Argentina's focus on advancing electrochemical applications is increasing the demand for Nafion. This includes the use of Nafion in various electrochemical processes for applications such as water treatment and industrial processes.
Argentina's chemical and petrochemical industry also relies on materials such as Nafion for ion exchange applications and catalyst support, making Nafion a valuable asset for enhancing various chemical processes.
The ongoing Nafion-based research and development collaborations with Argentine universities and research institutions are also leading to the growing adoption of Nafion in innovative solutions.
How Fast is Nafion Demand Increasing in Mexico?
“Integration of Nafion to Enhance Performance of Automotive and Energy Systems”
| Attribute | Mexico |
|---|---|
| Market Value (2023) | US$ 8.3 Million |
| Demand Growth (2023 to 2033) | 4.5% CAGR |
| Projected Sales (2033) | US$ 13 Million |
Mexico's growing automotive industry is leading to a healthy demand for fuel cell technology in transportation applications. Nafion, used in PEMFCs, is essential for enhancing vehicle performance, resulting in higher Nafion sales.
Mexico's initiatives in infrastructure development for hydrogen and fuel cell technologies are further fuelling Nafion sales. This includes the establishment of fuel cell-powered backup power systems and hydrogen refueling stations.
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Category-wise Analysis
Why is Nafion Widely Used in Energy Production?
“Prominent Role in Clean Energy Production Through Fuel Cells”
| Attribute | Energy |
|---|---|
| Segment Value (2023) | US$ 105.4 Million |
| Growth Rate (2023 to 2033) | 5.8% CAGR |
| Projected Value 2033 | US$ 185.4 Million |
Increasing demand for Nafion in energy applications is closely linked to the growth of fuel cell technology, the global transition to clean energy, and Nafion's unique combination of properties, which are essential for efficient, environmentally friendly energy conversion. Nafion, a perfluorosulfonic acid (PFSA) polymer, offers unique properties that make it indispensable in various energy-related technologies.
Fuel cells are at the forefront of clean energy solutions. Nafion, as a proton exchange membrane (PEM), plays a crucial role in separating protons and electrons within the cell. This enables the conversion of hydrogen into electricity with high efficiency. The shift toward cleaner and more sustainable energy sources is intensifying the demand for fuel cells and, consequently, Nafion. As fuel cell technology advances and becomes more cost-effective, the demand for Nafion in energy production is predicted to increase at a healthy pace.
Competitive Landscape
Key producers of Nafion in Latin America are employing a combination of strategies such as diversification, customization, collaboration, supply chain optimization, technological advancements, and more to enhance their revenue shares and gain a competitive edge in the market.
Leading companies are expanding their product portfolios to cater to a wider range of applications. They are developing variations of Nafion membranes to meet the specific needs of industries such as energy, chemicals, and electronics. This diversification allows them to tap into various market segments and boost profits.
Collaboration with academic institutions, research organizations, and industry partners is also helping key market players in the development of new Nafion-based technologies and fostering innovation, leading to revenue growth through the commercialization of these advancements.
- Chemours, a global leader in the production of Nafion, has a presence in Latin America. Their latest developments often revolve around improving Nafion's properties and expanding its applications.
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Segmentation of Nafion Study in Latin America
-
By Form :
- Membrane
- Dispersion
- Resin
-
By Application :
- Energy
- Fuel Cell
- Hydrogen Production
- Energy Storage
- Chemical Processing
- Chlor Alkali
- Catalyst
- Ion Exchange
- Semiconductor
- Waste Recovery
- Drying and Humidification
- Single Tubing Systems
- Multi Tubing Systems
- Energy
-
By Country :
- Brazil
- Mexico
- Argentina
- Chile
- Peru
- Rest of Latin America
Table of Content
1. Latin America Industry - Executive Summary 1.1. Latin America Industry Overview 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Fact.MR Analysis and Recommendations 2. Latin America 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. Latin America 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. Latin America 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. Latin America 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. Latin America 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. Brazil 8.3.2. Mexico 8.3.3. Argentina 8.3.4. Rest of Latin America 8.4. Industry Attractiveness Analysis By Country 9. Brazil 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. Mexico 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. Argentina 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. Rest of Latin America Industry Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction / Key Findings 12.2. Historical Industry Size (US$ Mn) Trend Analysis By Industry Taxonomy, 2018 to 2022 12.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast, 2023 to 2033 12.3.1. By Form 12.3.2. By Application 12.4. Industry Attractiveness Analysis 12.4.1. By Form 12.4.2. By Application 13. Industry Structure Analysis 13.1. Industry Analysis by Tier of Companies 13.2. Industry Concentration 13.3. Industry Share Analysis of Top Players 13.4. Industry Presence Analysis 14. Competition Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Competition Deep Dive 14.3.1. The Chemours Company 14.3.1.1. Company Overview 14.3.1.2. Source overview 14.3.1.3. SWOT Analysis 14.3.1.4. Key Developments 14.3.2. Solvay SA 14.3.2.1. Company Overview 14.3.2.2. Source overview 14.3.2.3. SWOT Analysis 14.3.2.4. Key Developments 14.3.3. AGC Inc. 14.3.3.1. Company Overview 14.3.3.2. Source overview 14.3.3.3. SWOT Analysis 14.3.3.4. Key Developments 14.3.4. Dongyue Group Ltd. 14.3.4.1. Company Overview 14.3.4.2. Source overview 14.3.4.3. SWOT Analysis 14.3.4.4. Key Developments 14.3.5. Automatic Materials, Inc. 14.3.5.1. Company Overview 14.3.5.2. Source overview 14.3.5.3. SWOT Analysis 14.3.5.4. Key Developments 14.3.6. Akzo Nobel N.V. 14.3.6.1. Company Overview 14.3.6.2. Source overview 14.3.6.3. SWOT Analysis 14.3.6.4. Key Developments 14.3.7. BeanTown Chemical Inc 14.3.7.1. Company Overview 14.3.7.2. Source overview 14.3.7.3. SWOT Analysis 14.3.7.4. Key Developments 14.3.8. BASF SE 14.3.8.1. Company Overview 14.3.8.2. Source overview 14.3.8.3. SWOT Analysis 14.3.8.4. Key Developments 14.3.9. Carbosynth Limited 14.3.9.1. Company Overview 14.3.9.2. Source overview 14.3.9.3. SWOT Analysis 14.3.9.4. Key Developments 15. Assumptions and Acronyms Used 16. Research Methodology
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List Of Table
Table 01: Latin America Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 02: Latin America Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 03: Latin America Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 04: Latin America Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 05: Latin America Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 06: Latin America Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 07: Latin America Industry Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 08: Latin America Industry Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 09: Latin America Industry Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 10: Brazil Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 11: Brazil Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 12: Brazil Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 13: Brazil Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 14: Brazil Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 15: Brazil Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 16: Mexico Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 17: Mexico Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 18: Mexico Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 19: Mexico Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 20: Mexico Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 21: Mexico Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 22: Argentina Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 23: Argentina Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 24: Argentina Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 25: Argentina Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 26: Argentina Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 27: Argentina Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 28: Rest of Latin America Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 29: Rest of Latin America Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 30: Rest of Latin America Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 31: Rest of Latin America Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 32: Rest of Latin America Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 33: Rest of Latin America Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
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List Of Figures
Figure 01: Latin America Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 02: Latin America Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 03: Latin America Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 04: Latin America Industry Incremental $ Opportunity, 2023 to 2033
Figure 05: Latin America Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 06: Latin America Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 07: Latin America Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 08: Latin America Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 09: Latin America Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 10: Latin America Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 11: Latin America Industry Share and BPS Analysis by Country, 2023 & 2033
Figure 12: Latin America Industry Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 13: Latin America Industry Attractiveness Analysis by Country, 2023 to 2033
Figure 14: Brazil Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 15: Brazil Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 16: Brazil Industry Value Y-o-Y Growth and Forecast, 2033
Figure 17: Brazil Industry Incremental $ Opportunity, 2023 to 2033
Figure 18: Brazil Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 19: Brazil Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 20: Brazil Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 21: Brazil Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 22: Brazil Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 23: Brazil Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 24: Mexico Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 25: Mexico Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 26: Mexico Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 27: Mexico Industry Incremental $ Opportunity, 2023 to 2033
Figure 28: Mexico Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 29: Mexico Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 30: Mexico Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 31: Mexico Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 32: Mexico Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 33: Mexico Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 34: Argentina Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 35: Argentina Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 36: Argentina Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 37: Argentina Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 38: Argentina Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 39: Argentina Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 40: Argentina Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 41: Argentina Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 42: Argentina Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 43: Rest of Latin America Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 44: Rest of Latin America Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 45: Rest of Latin America Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 46: Rest of Latin America Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 47: Rest of Latin America Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 48: Rest of Latin America Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 49: Rest of Latin America Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 50: Rest of Latin America Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 51: Rest of Latin America Industry Attractiveness Analysis by Application, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is demand for Nafion in Latin America?
Demand for Nafion in Latin America is valued at US$ 29.2 million in 2023.
What is the projected sales value of Nafion by 2033?
Sales of Nafion in Latin America are projected to reach US$ 46.2 million by 2033.
What is the forecasted CAGR for the market in Latin America?
Demand for Nafion in Latin America is predicted to increase at a CAGR of 4.7% from 2023 to 2033.
How fast are Nafion sales increasing in Brazil?
Sales of Nafion in Brazil are set to rise at a CAGR of 5% through 2033.
Who is the key producer of Nafion in the region?
The Chemours Company is a leading Nafion manufacturer in Latin America.
Nafion Industry Analysis in Latin America