(MENAFN- America News Hour) Research Nester published a report titled
“Nafion Market: Global Demand Analysis & Opportunity Outlook 2030”
which delivers detailed overview of theglobalnafion market in terms of market segmentation by form, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The
global nafion market
is estimated to occupy a large revenue by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2030, attributing to the rising demand for clean energy for power generation, and growing use of ion exchange membranes in fuel cell applications. Apart from these, increasing focus of government and non-government organizations for reducing emissions is also expected to provide growth opportunities to the market in the coming years.
The global nafion market is segmented by form and application. Based on application, the energy segment is anticipated to grab the largest market share during the forecast period on the back of growing investments on studying proton exchange membrane-based fuel cells. Additionally, high demand for producing clean energy is also projected to boost the growth of the market segment by the end of 2030.
Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific region is evaluated to gather the largest share and witness the highest growth in the market during the forecast period attributing to the rising production of electrical vehicles, and increasing number of ongoing government initiatives to boost the region's energy sector.
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The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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High Demand for Clean Energy Globally to Boost Market Growth
The world is no stranger to the negative implications of global warming. In fact, the repercussions are more visible now than ever before. As a result, government and non-profit organizations are becoming more conscious to reduce global emissions, which is estimated to bring a surge to the demand for clean energy. This in turn is predicted to drive market growth in the near future.
However, high price of nafion is expected to operate as key restraint to the growth of the global nafion market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global nafion market which includes company profiling of BASF SE, Merck KGaA, Spintech Holdings Inc., Evonik AG, SMP Technologies Inc., Automatic Materials, Inc., Akzo Nobel N.V., DuPont de Nemors, Inc., High Impact Technology, LLC, LyondellBasell Industries Holdings B.V., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global nafion market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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