Global Perfluorosulfonic Acid Market was valued at USD xx Bn in 2019 and is expected to reach USD xx Bn by 2027 at a CAGR of 5.4% over the forecast period 2020-2027.
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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Perfluorosulfonic Acid Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Perfluorosulfonic Acid Market overview
Perfluoro sulfonic Acid is one of the types of special polymer, it has properties such as chemical resistance dielectric properties, and stability. This acid is used in various applications in lithium-ion rechargeable batteries, chemical catalysis, Chlor-alkali industry, proton exchange fuel cells from the membrane. Besides, other applications for the processing of acid-based resins are also used, such as in electrolysis devices, chemical catalysis, photocatalysis, sewage disposal and coating formulations for fuel cell membranes and thin-film processing. The primarily driven factor increasing the market for perfluorosulfonic acid is increasing applications, especially in energy storage.
Global Perfluorosulfonic Acid Market Dynamics
Growing development in petrochemicals, automobiles, 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. 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.
Recent developments in 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.
Global Perfluorosulfonic Acid Market: Market Segmentation
Global Perfluorosulfonic Acid Market is segmented by Purity (< 99% and ≥ 99%), By Form (Membranes, Dispersions, Powders and Pellets), by Application (Conductive film, Fuel cell, Catalyst and Others) and by Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
Global Perfluorosulfonic Acid Market: Regional Analysis
The regional analysis of worldwide Perfluorosulfonic Acid market is segregated across North America, Europe, Asia Pacific, Middle East and Africa, and South America. 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.
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Global Perfluorosulfonic Acid Market, by Purity
• < 99%
• ≥ 99%
Global Perfluorosulfonic Acid Market, by Form
• Membranes
• Dispersions
• Powders
• Pellets
Global Perfluorosulfonic Acid Market, by Application
• Conductive film
• Fuel cell
• Catalyst
• Others
Global Perfluorosulfonic Acid Market, by Region
• Asia Pacific
India
China
Japan
ASEAN
Rest of Asia
• North America
U.S.
Canada
• Europe
U.K
Germany
France
Russia
Spain
Italy
Sweden
• South America
Mexico
Brazil
Rest of South America
• Middle East & Africa
GCC
South Africa
Rest of MEA
Key players operating in Global Perfluorosulfonic Acid Market
• 3M
• Asahi Kasei Corporation
• Dongyue Group
• E. I. du Pont de Nemours and Company
• Jiangsu Tianjiayi Chemical Co., Ltd.
• Shanghai Fluorochem Industry Co.,Ltd
• Solvay
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