Nafion is a sulfonated tetrafluoroethylene based fluoropolymer-copolymer. It is highly ion-conductive and it functions as a cation exchange polymer. Nafion has high mechanical strength, and excellent thermal and chemical stabilities. It is very stable at high temperatures – up to 190° C – and has relatively higher working temperatures as compared to other polymers. The global Nafion Market is estimated to value of over US$ 1.2 Bn in 2018, and is projected to register a CAGR of 8.5% in terms of value over the forecast period.
Global Nafion Market Dynamics:
Growing end-uses is leading to rising demand for various organic polymers, including nafion. Demand for nafion in a range of end-use applications has been increasing at a significant rate, and some end-use applications include semiconductors, waste recovery, ion exchange resins, to name a few. In addition, increasing use of fuel cells for various applications such as stationary power, transportation, portable or direct methanol fuel cell, etc., is expected to fuel growth of the target market to significant extent over the forecast period.
Moreover, increasing investment and funding by regulatory bodies to address rising water pollution and environmental concerns across the globe is expected to drive demand for Nafion for application in the waste recovery sector.
Analysis By Segmentation:
The market report has been segmented on the basis of component type, application, and region/country. The component type segment includes membrane, dispersion, and resin. The application segment includes chemical processing, energy, analytics & instrumentation, and coatings. The regions/countries covered in the analysis are US, Europe, China, Japan, India, South America, Southeast Asia, South Africa, and Rest of the World.
By component type: The membrane segment is expected to register highest CAGR of over 8.5%, thereby accounting for highest revenue share as compared to the other component type segments.
By application: The energy segment is expected to register highest CAGR of over 8% over the forecast period
By region/country: The market in the US accounted for highest revenue share in the global nafion market in 2017. The market in China is projected to register highest CAGR of over 9% in the global market over the forecast period.
Global Nafion Market: Competitive Analysis
The research report on the global Nafion Market includes profiles of major companies such as The Chemours Company, Merck KGaA, Thermo Fisher Scientific Inc., Hangzhou Dayangchem Co. Ltd., Haihang Industry Co. Ltd., Carbosynth Limited, BeanTown Chemical, Inc., Santa Cruz Biotechnology, Inc., and FUJIFILM Wako Pure Chemical Corporation.
The global nafion market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2018–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global nafion market for 2017–2027.
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