Nafion Market Outlook:
Nafion Market size was valued at USD 1.02 billion in 2025 and is expected to reach USD 1.73 billion by 2035, expanding at around 5.4% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of nafion is assessed at USD 1.07 billion.
The demand for nafion is growing faster due to the increasing demand for FCEV vehicles. In comparison to 2021, there were about 39% more hydrogen fuel cell electric vehicles (FCEVs) on the road in 2022, representing over 71,000 vehicles in world.
Comparable to all-electric vehicles, fuel cell electric vehicles (FCEVs) utilize electricity to operate an electric motor. FCEVs, in contrast to other electric cars, produce electricity using hydrogen-powered fuel cells as opposed to only a battery. The power of the vehicle is defined throughout the vehicle design phase by the size of the electric motor(s) that obtain electricity from the proper size fuel cell and battery combination. Hence, the market is expanding as more electric vehicles use fuel cells to power them since protons are exchanged in membrane fuel cells and hydrogen generation usually uses nafion membranes.
