Nafion Industry Analysis in Middle East & Africa

Nafion Sales Outlook for Middle East & Africa (2023 to 2033)

Sales of Nafion in the Middle East & Africa are pegged at US$ 10.1 million in 2023 and are set to rise at 3.7% CAGR from 2023 to 2033. Nafion demand in the region is forecasted to bring in revenue worth US$ 14.6 million by the end of 2033.

Nafion consumption in the Middle East & Africa is pretty low compared to the rest of the world. Increasing investments in infrastructure development and a rising focus on green hydrogen production are set to create highly attractive business opportunities for Nafion suppliers in this region by the end of 2033.

The central location of some countries in the MEA region could make them logistical hotspots for the transportation of sustainable hydrogen and this could also offer remunerative business scope for Nafion providers across the study period and beyond.

• Just 1% of global Nafion sales is projected to come from the Middle East and Africa by the end of 2033 with a volume of 68.6 tons.

Report Attributes	Details
Nafion Sales in Middle East & Africa (2023)	US$ 10.1 Million
Projected Sales (2033F)	US$ 14.6 Million
Demand Growth (2023 to 2033)	3.7% CAGR
Sales in Türkiye (2033F)	US$ 2.7 Million
Demand Volume in GCC Countries (2023)	14.2 Tons
Sales in Rest of MEA (2033)	US$ 3.8 Million
Nafion Membrane Volume Sales (2033F)	44.3 Tons
Key Companies Profiled	The Chemours Company Solvay SA Dongyue Group Ltd. Merck Group AGC Inc.

Which Factor Holds Sway Over Nafion Sales in MEA?

“Efforts to Improve Green Hydrogen Production Capacity”

Green hydrogen has recently gained massive popularity as the only viable solution to combat the imminent threat of climate change and curb emissions. The whole world is working on developing sustainable green hydrogen-driven economies and countries in the Middle East & Africa region are also playing their part in this.

Investments in green hydrogen production and transportation infrastructure are breaking records in the Middle East & Africa thereby creating an opportune scenario for Nafion companies as well. Nafion materials play a crucial role in the production of hydrogen in a sustainable manner and their high efficiency makes them a perfect choice for renewable energy storage as well.

• Oman, a country in the Middle East is aiming to become one of the leading producers of hydrogen in the world by pumping US$ 30 billion worth of investments in the country. Oman plans to achieve its hydrogen economy goal by the end of 2030.

Learn more about growth-augmenting aspects such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study for Nafion by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Country-wise Insights

GCC countries are projected to be the best bet for any Nafion company looking to make a mark in the Middle East & Africa region across the study period and beyond.

Can Nafion Suppliers Succeed in GCC Countries?

“Launch of New Green Hydrogen Production Plans Creating Growth Scope”

Attribute	GCC Countries
Market Value (2023E)	US$ 2.9 Million
Growth Rate (2023 to 2033)	4.2% CAGR
Projected Value (2033F)	US$ 4.4 Million

GCC countries such as Saudi Arabia, Qatar, and the United Arab Emirates have been dependent on oil as the primary source of economic growth and power. This trend is now changing as the world shifts toward clean and renewable energy, which is projected to create new opportunities for Nafion vendors as well.

Launch of new green hydrogen projects in GCC countries and rising investments in infrastructure development to facilitate the transportation of green hydrogen are forecasted to promulgate sales of Nafion materials in these countries going forward.

• In May 2023, NEOM Green Hydrogen Company (NGHC) announced that it had closed a financial round at US$ 8.4 billion to build the world’s leading carbon-free green hydrogen plant. The plant is being built at Oxagon near the region where Saudi’s megaproject NEOM is being constructed.

Why Should Nafion Companies Invest in South Africa?

“Efforts to Boost Hydrogen Production Offering New Business Opportunities”

Attribute	South Africa
Market Value (2023E)	US$ 2.6 Million
Growth Rate (2023 to 2033)	3.8% CAGR
Projected Value (2033F)	US$ 3.8 Million

The government in South Africa is making efforts to improve the prospects of its economy by focusing on green hydrogen to combat the climate change crisis. Trials of hydrogen fuel-cell vehicles are being launched in the country to promote the idea of green mobility and this is set to boost sales of Nafion in South Africa going forward.

• In October 2023, a collaborative effort of BMW Group South Africa, Anglo American Platinum, and Sasol to bring the trial of hydrogen fuel-cell electric vehicles to South Africa.
• In September 2023, Dr. Blade Nzimande, Minister of Higher Education, Science and Innovation for South Africa, led a delegation to Japan to foster collaboration, investment, and innovation in terms of hydrogen energy.

Category-wise Insights

Nafion producers in the Middle East & Africa should focus on supplying Nafion in the form of membranes specifically for energy applications if they want to set a strong business foothold in this region.

Which Form of Nafion Leads Revenue Generation?

“Nafion Membranes Account for Significant Revenue Share”

Attribute	Membrane
Segment Value (2023E)	US$ 6.7 Million
Growth Rate (2023 to 2033)	3.9% CAGR
Projected Value (2033F)	US$ 9.9 Million

The focus on improving the production capacity of green hydrogen in the MEA region is projected to bolster demand for Nafion membranes in this region over the coming years. The establishment of green hydrogen plants and rising demand for fuel cells in the Middle East & Africa region are also forecasted to uplift shipments of Nafion membranes through 2033. The high use of Nafion membranes for the Chlor Alkali process is also projected to contribute to the growth in this segment going forward.

Where Will Nafion Usage Soar High?

“Energy Applications to Spearhead Nafion Demand in MEA”

Attribute	Energy
Segment Value (2023E)	US$ 5.8 Million
Growth Rate (2023 to 2033)	4.1% CAGR
Projected Value (2033F)	US$ 8.7 Million

An increasing number of countries in the Middle East and Africa region are focusing on renewable energy production. Nafion is used extensively in a variety of energy applications owing to its low power consumption characteristics, which make it a preferable choice in this region.

• Around 40.7 tons of Nafion materials are projected to be utilized in energy applications in the Middle East and Africa by the end of 2033.

Analyst’s Opinion

Nafion vendors looking to do business in the Middle East & Africa region are projected to have a hard time setting up their business in the future. The political instability of countries in this region is set to be a major challenge for all Nafion companies operating and looking to operate in the Middle East and African region.

However, flourishing chemical manufacturing and construction industries are predicted to keep the demand for Nafion materials afloat in this region. The growing focus of countries in the MEA region to establish themselves as a hydrogen economy is also forecasted to open up new avenues of opportunities in the future.

Segmentation of Nafion Study in Middle East & Africa

• By Form :

  • Membrane
  • Resin
  • Dispersion

• By Application :

  • Energy
    • Fuel Cells
    • Hydrogen Production
    • Energy Storage
  • Chemical Processing
    • Chlor Alkali
    • Catalysts
    • Ion Exchange
    • Semiconductors
    • Waste Recovery
    • Others
  • Drying & Humidification
    • Single Tubing Systems
    • Multi Tubing Systems
  • Others

• By Country :

  • GCC Countries
  • South Africa
  • Türkiye
  • Rest of Middle East & Africa