Perfluorosulfonic acid is primarily used in the form ofmembranes and dispersions in electrochemical applications. This acid is used inproton exchange membrane fuel cells, chlor-alkali industry, lithium-ionrechargeable batteries, photocatalysis, and chemical catalysis.Perfluorosulfonic acid-based resins are also used in the fabrication of thinfilms and coating formulations for fuel cell membranes.
The globalperfluorosulfonic acid market is primarily driven by an increase in thedemand for perfluorosulfonic acid for use in energy storage applications.Perfluorosulfonic acid is primarily used in ion exchange membranes due to itshigh proton conductance and gas separating capabilities. The use ofperfluorosulfonic acid assists in enhancing the output and effectiveness of ionexchange membranes. Therefore, demand for perfluorosulfonic acid in energystorage applications is anticipated to increase in the near future. Advances inthe electrochemical conversion of water from hydrogen and oxygen using ionexchange membrane have principally been achieved through the development of newchemicals such as perfluorosulfonic acid. Furthermore, manufacturers of ionexchange membranes and fuel cells prefer adopting perfluorosulfonic acids,owing to their excellent attributes. This is projected to offer lucrativeopportunities to the perfluorosulfonic acid market.
The globalperfluorosulfonic acid market can be segmented based on purity, form,application, and region. Based on purity, the global perfluorosulfonic acidmarket can be classified into < 99% and ≥ 99%. The ≥ 99% segment holds a keyshare of the market. Demand for perfluorosulfonic acid with ≥ 99% purity foruse in perfluorosulfonic acid membranes is expected to increase in the nearfuture, owing to increase in its usage of fuel cell membranes.
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In termsof form, the global perfluorosulfonic acid market can be segmented into membranes,dispersions, powders, and pellets. The membranes segment holds a significantshare of the market. Perfluorosulfonic acid membranes are widely used inelectronic storage devices, due to their strong proton (or Na+, K+, Li+)conductivity and favorable water retention properties.
Based onapplication, the perfluorosulfonic acid market can be divided into ion exchangeconductive film, fuel cell, catalyst, and others. The fuel cell segmentaccounted for a significant share of the global perfluorosulfonic acid marketin 2017. Perfluorosulfonic acid possesses exceptional characteristics such ashigh stability, high chemical resistance, and dielectric properties. Hence, itis primarily employed in membranes and dispersions in fuel cells.
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In termsof geography, the global perfluorosulfonic acid market can be divided intoNorth America, Latin America, Asia Pacific, Europe, and Middle East &Africa. Asia Pacific accounted for a major share of the globalperfluorosulfonic acid market in 2017, due to the presence of key chemicalmanufacturers in the region. The market in Asia Pacific is anticipated toexpand at a rapid pace during the forecast period, due to rise inindustrialization in countries such as China, Japan, and South Korea. Rise inbattery production and the advent new battery technologies are likely to offeran impetus to the demand for perfluorosulfonic acid in Asia Pacific in the nearfuture. Production capacity expansions by battery manufacturers in China arelikely to boost demand for perfluorosulfonic acid in the country in the nextfew years. North America and Europe also held substantial shares of the globalmarket in 2017, owing to an increase in the demand for perfluorosulfonic acidin the energy industry in these regions.
Keyplayers operating in the global perfluorosulfonic acid market include 3M, AsahiKasei Corporation, Dongyue Group, E. I. du Pont de Nemours and Company, JiangsuTianjiayi Chemical Co., Ltd., Shanghai Fluorochem Industry Co.,Ltd, and Solvay.These players focus on distributing their products through strong distributionchannels.
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