Nafion Industry Analysis in South Asia & Oceania (2023 - 2033)
Nafion Study in South Asia & Oceania By Form (Membrane, Dispersion, Resin), By Application (Energy, Chemical Processing, Drying & Humidification) and By Country - Industry Report 2023 to 2033
Core Findings
Nafion Sales Outlook for South Asia & Oceania (2023 to 2033)
In South Asia & Oceania, Nafion sales are pegged at US$ 39.8 million in 2023 and are set to increase to US$ 61.3 million by the end of 2033. As per this latest study by Fact.MR, from 2023 to 2033, sales of Nafion in the region are forecasted to increase at 4.4% CAGR.
Nafion is also known as perfluorosulfonic acid polymer or perfluorinated sulfonic acid (PFSA), specially designed to be used as a Nafion membrane in fuel cell applications. The South Asia & Oceania region is projected to be one of the most untapped regions in the world for Nafion demand. With East Asia holding a dominant stance in terms of Nafion sales revenue, South Asia and Oceania is forecasted to have a hard time consolidating a lucrative marketplace for Nafion companies in the future.
Growing focus on sustainability, rising demand for fuel cells, and increasing chemical manufacturing activity are some key prospects that could allow Nafion vendors to generate a good amount of cash and set up their business in the South Asia & Oceania region over the next ten years.
- Nafion volume demand in South Asia & Oceania is projected to reach 297.9 tons by the end of 2033.
| Report Attributes | Details |
|---|---|
| Nafion Sales in South Asia & Oceania (2023) | US$ 39.8 Million |
| Projected Sales (2033F) | US$ 61.3 Million |
| Demand Growth (2023 to 2033) | 4.4% CAGR |
| Sales in Thailand (2033F) | US$ 6.3 Million |
| Demand Volume in Malaysia (2023) | 31.4 Tons |
| Sales in Rest of SAO (2033) | US$ 5 Million |
| Key Companies Profiled | The Chemours Company; Solvay SA; Dongyue Group Ltd.; Merck Group; AGC Inc. |
What Opportunity Do Nafion Companies Have in South Asia & Oceania?
“Surging Demand for Electric Vehicles Unlocking New Sales Opportunities”
Sales of electric vehicles in the South Asia & Oceania region are increasing rapidly and this trend is opening up new avenues of opportunities for Nafion vendors going forward. Growing demand for efficient fuel cells to build electric vehicles with better range is also forecasted to favor shipments of Nafion materials in this region across the study period and beyond.
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
India is projected to singlehandedly spearhead Nafion demand in the South Asia & Oceania region across the study period while countries such as Australia, Thailand, and Indonesia increase their contribution going forward.
Is India an Investment-worthy Market for Nafion Companies?
“Increasing Adoption of Fuel Cells to Drive Product Demand Growth”
| Attribute | India |
|---|---|
| Market Value (2023E) | US$ 13.8 Million |
| Growth Rate (2023 to 2033) | 4.7% CAGR |
| Projected Value (2033F) | US$ 22 Million |
Sales of electric vehicles (EVs) in India are flourishing and the world’s most populated country is projected to emerge as a highly remunerative space for all types of alternative fuel vehicles in the future. Surging demand for fuel cells for EV manufacturing is projected to act as a major catalyst for Nafion demand in India across the study period as it is used to make fuel cell membranes. Besides this, supportive government initiatives to promote manufacturing activity in different industry verticals are also slated to act in favor of Nafion manufacturers operating in the East Asian region.
Why Should Nafion Manufacturers Focus on Australia?
“Growing Focus on Renewable Energy Production and Hydrogen Production”
| Attribute | Australia & New Zealand |
|---|---|
| Market Value (2023E) | US$ 7.4 Million |
| Growth Rate (2023 to 2033) | 4.5% CAGR |
| Projected Value (2033F) | US$ 11.6 Million |
Nafion plays a crucial role in sustainable hydrogen production and efforts of the Australian government to position the country as a major exporter of hydrogen by 2030 are creating an opportune scenario for Nafion distributors in the Oceania region.
- In June 2023, Australian Energy Minister Chris Bowen announced the country’s commitment to build a renewable hydrogen plant in Victoria State with US$ 34 million as the country focuses on reducing its greenhouse emissions.
Increasing output of the chemical industry in Australia is also projected to bolster demand for Nafion in the long run. Rising demand for fuel cells for electric vehicles is also projected to create a highly lucrative opportunity for Nafion companies in Australia by the end of 2033.
Category-wise Insights
Nafion providers in South Asia & Oceania are focusing on supplying Nafion membranes for energy applications to get the best returns on their investments.
What’s Driving Preference for Nafion Membranes?
“High Use in Fuel Cells and Energy Storage Applications”
| Attribute | Membrane |
|---|---|
| Segment Value (2023E) | US$ 25.5 Million |
| Growth Rate (2023 to 2033) | 4.6% CAGR |
| Projected Value (2033F) | US$ 40.2 Million |
Nafion membranes are extensively used in the manufacturing of fuel cells and this is why they account for a dominant share in South Asia & Oceania in terms of volume as well as value. The growing popularity of electric vehicles and rising focus on sustainability are slated to promulgate sales of Nafion membranes in this region over the next ten years.
Which Application Leads Nafion Demand?
“Energy Applications to Spearhead Revenue Generation”
| Attribute | Energy |
|---|---|
| Segment Value (2023E) | US$ 22.7 Million |
| Growth Rate (2023 to 2033) | 4.6% CAGR |
| Projected Value (2033F) | US$ 35.7 Million |
Just like the rest of the world, countries in the South Asia & Oceania region are also focusing on using renewable energy resources to power their economies. Nafion has proven highly efficient in terms of energy consumption and energy storage, which is why it is being utilized in different energy applications to optimize renewable energy grids.
Analyst’s Opinion
The South Asia & Oceania region is home to some of the most lucrative opportunities a Nafion supplier can find in the world, but penetrating this region is a tough task as East Asia holds a dominant stance in the global landscape. Nafion companies can succeed in the South Asia & Oceania region if they come up with specific and targeted strategies to take advantage of opportunities in countries such as India, Australia, Thailand, and Indonesia.
Segmentation of Nafion Study in South Asia & Oceania
-
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
- Energy
-
By Country :
- India
- Thailand
- Indonesia
- Malaysia
- Australia & New Zealand
- Rest of SAO
Table of Content
- 1. South Asia & Oceania Industry - Executive Summary
- 2. South Asia & Oceania Industry Overview
- 3. Industry Risks and Trends Assessment
- 4. Industry Background and Data Points
- 5. South Asia & Oceania Industry Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 6. South Asia & Oceania Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
- 6.1. Membrane
- 6.2. Resin
- 6.3. Dispersion
- 7. South Asia & Oceania Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 7.1. Energy
- 7.2. Chemical Processing
- 7.3. Drying & Humidification
- 7.4. Others
- 8. South Asia & Oceania Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country
- 8.1. India
- 8.2. Thailand
- 8.3. Malaysia
- 8.4. Indonesia
- 8.5. Australia & New Zealand
- 8.6. Rest of South Asia & Oceania
- 9. India Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
- 10. Thailand Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
- 11. Malaysia Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
- 12. Indonesia Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Australia & New Zealand Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Rest of South Asia & Oceania Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Industry Structure Analysis
- 16. Competition Analysis
- 16.1. The Chemours Company
- 16.2. Solvay SA
- 16.3. Dongyue Group Ltd.
- 16.4. Merck Group
- 16.5. AGC Inc.
- 17. Assumptions and Acronyms Used
- 18. Research Methodology
List Of Table
Table 01: South Asia & Oceania Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 02: South Asia & Oceania Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 03: South Asia & Oceania Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 04: South Asia & Oceania Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 05: South Asia & Oceania Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 06: South Asia & Oceania Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 t7 2033
Table 08: South Asia & Oceania Industry Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 09: South Asia & Oceania Industry Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 10: South Asia & Oceania Industry Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 11: India Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 12: India Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 13: India Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 14: India Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 15: India Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 16: India Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 17: Thailand Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 18: Thailand Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 19: Thailand Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 20: Thailand Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 21: Thailand Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 22: Thailand Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 23: Malaysia Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 24: Malaysia Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 25: Malaysia Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 26: Malaysia Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 27: Malaysia Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 29: Malaysia Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 29: Indonesia Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 30: Indonesia Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 31: Indonesia Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 32: Indonesia Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 33: Indonesia Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 34: Indonesia Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 35: Australia & New Zealand Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 36: Australia & New Zealand Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 37: Australia & New Zealand Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 38: Australia & New Zealand Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 39: Australia & New Zealand Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 40: Australia & New Zealand Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 41: Rest of South Asia & Oceania Industry Value (US$ Mn) Analysis, by Form, 2018 to 2022
Table 42: Rest of South Asia & Oceania Industry Value (US$ Mn) Analysis, by Form, 2023 to 2033
Table 43: Rest of South Asia & Oceania Industry Value (US$ Mn) Opportunity Analysis, by Form, 2023 to 2033
Table 44: Rest of South Asia & Oceania Industry Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 45: Rest of South Asia & Oceania Industry Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 46: Rest of South Asia & Oceania Industry Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
List Of Figures
Figure 01: South Asia & Oceania Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 02: South Asia & Oceania Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 03: South Asia & Oceania Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 04: South Asia & Oceania Industry Incremental $ Opportunity, 2023 to 2033
Figure 05: South Asia & Oceania Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 06: South Asia & Oceania Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 07: South Asia & Oceania Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 08: South Asia & Oceania Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 09: South Asia & Oceania Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 10: South Asia & Oceania Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 11: South Asia & Oceania Industry Share and BPS Analysis by Country, 2023 & 2033
Figure 12: South Asia & Oceania Industry Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 13: South Asia & Oceania Industry Attractiveness Analysis by Country, 2023 to 2033
Figure 14: India Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 15: India Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 16: India Industry Value Y-o-Y Growth and Forecast, 2033
Figure 17: India Industry Incremental $ Opportunity, 2023 to 2033
Figure 18: India Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 19: India Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 20: India Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 21: India Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 22: India Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 23: India Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 24: Thailand Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 25: Thailand Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 26: Thailand Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 27: Thailand Industry Incremental $ Opportunity, 2023 to 2033
Figure 28: Thailand Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 29: Thailand Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 30: Thailand Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 31: Thailand Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 32: Thailand Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 33: Thailand Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 34: Malaysia Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 35: Malaysia Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 36: Malaysia Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 37: Malaysia Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 38: Malaysia Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 39: Malaysia Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 40: Malaysia Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 41: Malaysia Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 42: Malaysia Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 43: Indonesia Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 44: Indonesia Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 45: Indonesia Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 46: Indonesia Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 47: Indonesia Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 48: Indonesia Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 49: Indonesia Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 50: Indonesia Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 51: Indonesia Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 52: Australia & New Zealand Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 53: Australia & New Zealand Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 54: Australia & New Zealand Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 55: Australia & New Zealand Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 56: Australia & New Zealand Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 57: Australia & New Zealand Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 58: Australia & New Zealand Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 59: Australia & New Zealand Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 60: Australia & New Zealand Industry Attractiveness Analysis by Application, 2023 to 2033
Figure 61: Rest of South Asia & Oceania Industry Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 62: Rest of South Asia & Oceania Industry Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 63: Rest of South Asia & Oceania Industry Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 64: Rest of South Asia & Oceania Industry Share and BPS Analysis by Form, 2023 & 2033
Figure 65: Rest of South Asia & Oceania Industry Y-o-Y Growth Projections by Form, 2023 to 2033
Figure 66: Rest of South Asia & Oceania Industry Attractiveness Analysis by Form, 2023 to 2033
Figure 67: Rest of South Asia & Oceania Industry Share and BPS Analysis by Application, 2023 & 2033
Figure 68: Rest of South Asia & Oceania Industry Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 69: Rest of South Asia & Oceania Industry Attractiveness Analysis by Application, 2023 to 2033
- Frequently Asked Questions -
How big is Nafion demand in South Asia & Oceania?
Nafion sales in South Asia & Oceania are valued at US$ 39.8 million in 2023.
What is the projected sales revenue for 2033?
Demand for Nafion in South Asia & Oceania is set to reach a valuation of US$ 61.3 million by the end of 2033.
At what pace will the sales of Nafion rise in SAO?
Sales of Nafion in SAO are forecasted to rise at 4.4% CAGR over the next ten years.
How will Nafion demand fare in India?
Sales of Nafion in India are predicted to increase at 4.7% CAGR from 2023 to 2033.
Where is Nafion mostly used?
Nafion in South Asia & Oceania is extensively used for energy applications.
Who are the prime Nafion suppliers?
The Chemours Company, Solvay SA, Dongyue Group Ltd., Merck Group, and AGC Inc. are leading Nafion companies in South Asia & Oceania.
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