Nafion Market

Nafion Market

Nafion Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

  • XPLREP5720

  • July, 2020

  • 170 Pages

  • Chemicals

Call for Ion Exchange Resins to Drive the Global Nafion Market

As per a report available on XploreMR, the global nafion market is expected to stand out from the monotonous rut between 2020 and 2030.

The ever-increasing demand for nafion in ion exchange resins, semiconductors, and waste recovery is expected to be the key growth driver to nafion market. Also, growing usage on the part of energy units for direct or versatile methanol power module, stationary power, transportation is bound to fuel the market in the near future.

Nafion’s working temperatures are higher than the other polymers. This is evident from the fact that it stays steady till 190 degree Celsius. Plus, it has phenomenal thermal and chemical qualities along with high strength. The other properties include being able to work as cation trade polymer due to being ion-conductive. Thus, this sulfonated tetrafluoroethylene-based fluoropolymer-copolymer is taking the polymer industry by storm and the scenario is expected to continue going forward as well. The origin of nafion could be traced back to 1970s, when it came into being. DuPont could be credited to bringing nafion to the market.

Fathoming the Depth of Nafion Market

Nafion-based proton exchange membrane fuel cells are amongst the most widely used ones across the globe. Hydrogen fuel cell vehicles and vehicle electrification find presence of nafion-based fuel cells. Inline initiatives taken by the governments as well as fuel cell manufacturers are also expected to surge the demand for nafion membranes between 2020 and 2030. Furthermore, membrane technology is used to produce more than 75% of chlor-alkali. This factor is expected to create remunerative opportunities for the market participants for accounting for greater market share.

Covid-19 Impact

The outbreak of Covid-19 has derailed the nafion market since Mar 2020 as the production has taken a backseat due to partial/total lockdowns being enforced all across. This situation is expected to persist till the end of 2020. The year 2021 is expected to restore normalcy, but nor before Covid-19 vaccine is in place.

Region-wise Analysis

The global nafion market constitutes North America (Canada, US), Eastern Europe (Russia and Poland), Western Europe (Luxembourg, The Netherlands, Belgium, Nordic countries, Italy, Spain, France, UK, Germany), Asia-Pacific (New Zealand, Australia, ASEAN, Japan, India, China), MEA (North Africa, Southern Africa, GCC), and Latin America (Chile, Peru, Brazil, Mexico, and others).

East Asia holds more than 50% of the market share. This could be credited to the region being a hub of electrical vehicle production. Plus, East Asia stands out in the form of the second-largest market for fuel cell vehicles after North America. However, in future, East Asia is expected to surpass North America herein. It is expected to witness a CAGR of more than 6% from 2020 to 2030. It also needs to be noted that all these economies may face temporary glitches with respect to import-export due to the pandemic.

Competitive Landscape

The key players in the nafion market include AGC Inc., Solvay SA, Chemours Company, and Dongyue Group Ltd. They are on an inorganic growth spree to gain a competitive edge over one another. For instance, The Chemours Company, with the objective of addressing the demand for “ion exchange membranes” with superlative thermostability, chemical stability, mechanical strength, and durability, did launch “Nafioon NC700” membrane in the year 2019.

On the similar grounds, Solvay inked an agreement with Merck KGaA for authorizing the latter as global distributor for Aquivion, the high performance PFSA (perfluorosulfonic acid) product line.

Nafion Market - Scope of the Report

The nafion market study done by XploreMR gives exclusive information about how the market will grow during the forecast period of 2020–2030. The study identifies crucial trends that are determining the growth of the nafion market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply of nafion. The report primarily conveys a summary of the market, considering present and upcoming global industry developments to reveal striking sides relating to the adoption of nafion across prominent regional markets.

A detailed assessment of market supply chain analysis, business execution, and value chain analysis across regional markets has been provided in the report. A list of prominent companies operating in the nafion market enhances the reliability of this comprehensive research study.

Nafion Market: Report Summary

The study offers inclusive analysis on diverse features, including demand, revenue generation, and sales by key players in the nafion market across the globe. A comprehensive study on the market has been done through optimistic and conservative scenarios. The analysis and estimation of price point comparison by region with the global average price has been included in this study.

Nafion Market: Segmentation

XploreMR has segmented the nafion market on the basis of form, application, and region.






North America


Fuel Cels

Latin America


Hydrogen Production



Energy Storage

East Asia


Chemical Processing

Rest of the World


Chlor Alkali






Ion Exchange






Waste Recovery






Drying & Humidification



Single Tubing Systems



Multi Tubing Systems





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Nafion Market: Analysis on Market Size Evaluation

Existing predictions of the nafion market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.

The market estimation at the regional and global scale of nafion is available in terms of value (US$ Mn) and in terms volume (tons). A Y-o-Y growth contrast of prominent nafion market segments, along with market attractiveness valuation computes have been incorporated in the report. Metrics mentioned above are also based on nafion types where nafion witnesses steady demand.

Nafion Market: Scrutinized Assessment on Regional Segments

Weighted sections have been elaborated in the report of the nafion market, which deliver projections on regional markets. These chapters highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the nafion market during the forecast period.

Country-specific valuations on the demand for nafion have been offered for each regional market, along with market scope estimates and forecasts, price index, price point assessment, and impact analysis of dynamics in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Nafion Market: In-depth Analysis on Competitive Landscape

The report offers the competitive scenario of the nafion market, along with the profiles of prominent companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers who are principally engaged in the production and supply of nafion have been presented with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits readers to take preemptive steps in advancing their businesses.

Company profiles have been combined in the report, which exert essentials such as form portfolio, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players functioning in the nafion market. It offers actionable insights to readers, which helps in thoughtfully presenting market status and predicting the competition levels in the nafion market. Prominent companies operating in the global nafion market include The Chemours Company, Solvay SA, AGC Inc. and Dongyue Group Ltd.

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