Global Nafion Market – Overview
Nafion is a type of copolymer. It is a sulfonated tetrafluroethylene based flouropolymer. Nafion is supremely ion-conductive and it operates as a cation exchange polymer. It offers excellent chemical and thermal stabilities and provides superior mechanical strength. Another key property of nafion is that it remains quite stable even at high temperatures – at around 190° C. In addition to this, it also has comparatively higher functional temperatures with respect other organic polymers.
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Global Nafion Market – Notable Developments
Some of the key developments in the global nafion market are listed below:
- In June 2019, SLM Solutions announced that the company has extended its cooperation agreement with Beam IT, the largest additive manufacturing service provider in Italy. This is expected to help in strengthening the current well-established product portfolio of SLM Solutions.
- In May 2016, EOS, one of the leading suppliers in the global nafion market announced that it has introduced a new line metal materials. This new product line is expected to cater to wide range of application sectors such as automotive to healthcare.
Global Nafion Market – Drivers and Restraints
One of the biggest driving factor for the growth of the global nafion market is the developing end-use applications of the organic polymers. The demand for such organic polymers is growing at considerable rate among the end-use application industries such as ion exchange resins, waste recovery, and semiconductors among others. Moreover, the growing use of fuel cells for a wide range of applications such as direct or portable methanol fuel, transportation, and stationary power is also expected to act as a driving factor for the growth of the global nafion market.
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Another important factor that is influencing the growth of the nafion market is of growing funding and investments put in by both private and public sector to address the rapidly developing concern about environment and water pollution. Such investments are expected to be put to use for the activities of research and development and help in producing more efficient products. This will ultimately help in the development of global nafion market.
A key trend that hand been observed in the global nafion market is of growing instance of collaborations of electric vehicle and fuel cell manufacturers. This is expected to generate ample business opportunities for the market player operating the global nafion market and drive the growth even further.
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Global Nafion Market – Geographical Outlook
There are five key regions of the global nafion market viz. North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these, the global market is dominated by the North America region. The growth of the North America market can be mainly attributed to the increased expenditure on the development of the infrastructure and also due to the growing demand for nafion-based paints from the construction industry. The demand for nafion-based paints is high due to its capacity to easily bond numerous thin-layered coatings together with no or minimum blisters. Moreover, it also acts as a protective layer that covers the wall from extreme weather conditions. Such benefits are thus driving the growth of the nafion market in North America region.
On the other hand, the nafion market in Asia Pacific region is expected to grow at decent CAGR over the given forecast period. The growing demand for nafion from emerging economies such as China and India is one of the biggest driving factor for the growth of the regional segment.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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