The global Perfluorosulfonic acid market is expected to grow at a compound annual growth rate of 9.7% from 2022 to 2027 to reach USD 512.8 million by 2027.
Perfluorosulfonic Acid Market Overview
Perfluoro sulfonic acid is a sort of unique polymer that possesses chemical resistance, dielectric characteristics, and stability.The chlor-alkali industry, proton exchange fuel cells from the membrane, chemical catalysis, lithium-ion rechargeable batteries, and other applications all employ this acid.In addition, there are several more uses for acid-based resin processing, including electrolysis devices, chemical catalysis, photocatalysis, sewage disposal, and coating formulations for thin-film processing and fuel cell membranes.The market for perfluorosulfonic acid is being driven primarily by an increase in applications, particularly in energy storage.A thorough analysis of the global Perfluorosulfonic Acid (PFSA) Membrane market is provided by QY Research, together with comprehensive insights into key elements and factors that will impact the market's future development.The market for perfluorosulfonic acid (PFSA) membrane has been studied for the historical period of 2017–2021 and the projected period of 2022–2027.The research study offers in-depth qualitative and quantitative analysis to aid players in gaining a thorough understanding of the global perfluorosulfonic acid (PFSA) membrane market and its crucial dynamics.Moreover, this market study focuses on market classification into different segments along with thorough analysis of the competitors, key players and their profiles. The market size is calculated on the basis of revenue generated and volume (K Units). Knowing dynamics of the market plays an important role and this report sheds light on dynamics like drivers and restraints.
Recent Development
- Solvay, a global market leader in specialty materials, has announced the development of an innovative new portfolio of UV-C stabilizers. They are designed for use in demanding hygiene applications, where polyolefin surfaces are treated with ultra-violet (UV) light of the UV-C spectrum (200-280 nm) to fight against COVID and hospital-acquired infections. The new proprietary stabilization technology represents an important milestone for the polyolefin industry, as it is the first to address the risk of polyolefin degradation, discoloration and micro-crack formation, which is caused by frequent exposure to UV-C irradiation.
Perfluorosulfonic Acid Market: Drivers, Challenges and Opportunities
Drivers to the growth of Perfluorosulfonic Acid Market:
Growing development in petrochemicals, automobile and the expansion of the chemical industry with state-of-the-art production facilities has made a positive impact perfluorosulfonic acid market. Also, the perfluorosulfonic acid market is continuing to rise various industrial applications such as chemical, textile, and packaging industries increase the demand of these acids. The perfluorosulfonic acid has properties such as gas separating capability and high proton conductance owing to such special properties it is used in the ion-exchange membrane. It helps to improve the effectiveness of the ion exchange membrane and enhancing the output. It helps to enhance the effectiveness and increase the performance of the ion exchange membrane. In addition, due to these characteristics, the demand is increasing for perfluoro sulfonic acid, especially in energy storage applications, over the forecast period. Increased manufacturing capacity and relatively steady prices of the main raw materials have a positive influence on the demand for the perfluoro sulphonic acid market. In addition, some of the main factors such as transportation costs, energy improvement, and employee wages increase the demand for perfluoro sulphonic acid.
Restraint to the growth of Perfluorosulfonic Acid Market:
The oversupply is one of the restrain that harms the market. Also, the weak economic environment harms Perfluoro sulphonic acid. Conversion of water from hydrogen to oxygen with help of the ion exchange membrane with the development of new and advanced technology and chemicals such as perfluoro sulphonic acid is achieved.
Opportunities to the growth of Perfluorosulfonic Acid Market:
The chemical, renewable energy, and biotechnology sectors have a positive effect on the demand for perfluoro sulphonic acids. In order to produce more powerful and cost-effective acids, manufacturers are also introducing new and advanced technologies to increase perfluorosulfonic acid demand. Manufactures are adopting perfluoro sulphonic acids especially fuel cells and ion exchange manufacturers owing to their properties and attributes. This has created good opportunities for the perfluorosulfonic acid market.
What are the major Types and Applications for Perfluorosulfonic Acid Market?
The Major Market Segments are:
Perfluorosulfonic Acid Market by Type:
- Perfluorosulfonic Acid Resin Dispersion
- Perfluorosulfonic Acid Resin Granules
Perfluorosulfonic Acid Market by Application:
- Ion Exchange Conductive Film
- Fuel Cell Membrane
- Fuel Cell Electrode
- Catalyst
- Others
Perfluorosulfonic Acid Market Regional Analysis
By region, Asia Pacific is one of the fastest-growing markets Perfluorosulfonic Acid markets followed by Europe owing to the presence of major key players. The Asia Pacific is rising in industrial development, the emergence of new enterprises and infrastructure upgrades are increasing the demand for the consumer industries of the Perfluorosulfonic Acids market. Growing investment in R&D, inventions with increasing applications is increasing the demand for the Perfluorosulfonic Acids market. Besides, the Perfluorosulfonic Acids market in the Asia Pacific has been driven by increased customer awareness and government policies as well as the funding of various marketing activities.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Perfluorosulfonic Acid Market Report Scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 9.7% during the review period (2022 to 2027).
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By Type
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- Perfluorosulfonic Acid Resin Dispersion
- Perfluorosulfonic Acid Resin Granules
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By Application
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- Ion Exchange Conductive Film
- Fuel Cell Membrane
- Fuel Cell Electrode
- Catalyst
- Others
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By Companies
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Solvay, Tianjiayi, Dongyue Group, DuPont.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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98
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Customization Available
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Yes, the report can be customized as per your needs
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Some of the Key aspects of the report include:
- The key drivers, restraints, and challenges which are expected to shape the Global Perfluorosulfonic Acid (PFSA) Market are covered in detail in the report.
- The key technologies which could have an impact on the Global Perfluorosulfonic Acid (PFSA) Market have been covered in detail.
- The key trends which are expected to drive the higher use of Perfluorosulfonic Acid (PFSA) are discussed in detailed.
- Porter's Five Forces and the PESTLE Analysis of the Global Perfluorosulfonic Acid (PFSA) Market have been covered in the report.
- The high growth markets have been identified in the Opportunity Analysis Chapter.
- The market has been forecasted from 2022- to 2027 considering all the factors, which are expected to impact the market.
- The Scenario Analysis Chapter covers the key scenarios and their impacts on the forecast chapter.
Key Questions answered in Industry Data Analytics Report:
What is the study period of Perfluorosulfonic Acid Market?
The Perfluorosulfonic Acid Market is studied from 2017 - 2027.
What is the estimation value of global Perfluorosulfonic Acid Market during 2022-2027?
The Global Perfluorosulfonic Acid Market estimated value is USD 512.8 million by 2027.
Which are the leading companies in the Perfluorosulfonic Acid Market?
Leading companies in Perfluorosulfonic Acid Market are Solvay, Tianjiayi, Dongyue Group, DuPont.
What is the expected growth rate of the Global Perfluorosulfonic Acid Market during 2022-2027?
CAGR of 9.7% is the expected growth rate of Global Perfluorosulfonic Acid Market during 2022-2027.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
