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.
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.
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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.
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.
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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.
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