The Chemours Company, a U.S.-based chemicals company, announced a USD 200 million investment to boost capacity and advance technology for its industry-leading Nafion ion exchange products at its Villers-Paul, France, production facility. The investment by Chemours complements the existing initiatives in the United States to establish a stable supply chain and robust capacity to enable the hydrogen economy.
Merck KGaA, a German pharmaceutical company, signed a definitive agreement to acquire the chemical business of Mecaro Co. Ltd., a Korean manufacturer of semiconductor spare parts. The acquisition entails significant investments of over USD 3.27 billion from 2021 to 2025, with a focus on four key priorities: scale, technology, portfolio, and capabilities.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 3384
Published Date: Sep 08, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are the growing demand for clean energy, the surge in the use of fluoropolymers across various industries, and increasing product launches & and investments.
The market size of nafion is anticipated to attain a CAGR of 5.26% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are BEANTOWN CHEMICAL, FUJIFILM Wako Pure Chemical Corporation, DAYANG CHEM (HANGZHOU) CO., Ltd., DuPont de Nemors, Inc., and others.
The membrane segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.