Global Nafion Market Set to Surge at 8.8% CAGR through 2031, Fueled by Hydrogen Economy — Reed Intelligence Report

A new market intelligence report from Reed Intelligence reveals that the Global Nafion Market is poised for robust expansion, driven by growing adoption in fuel cells, electrochemical energy conversion, and the expanding hydrogen economy.

Key Market Figures
Base Year: 2023
Forecast Period: 2023–2031
Compound Annual Growth Rate (CAGR): ~8.8%
Starting Point (Market Size): USD 3,250 (as reported by Reed Intelligence)

For more Details- https://reedintelligence.com/m....arket-analysis/globa

Key Highlights
Largest Region: North America leads the market, underpinned by a mature economic ecosystem and strong support for sustainable innovation.

Fastest-Growing Region: Asia Pacific (APAC) is set for rapid expansion, fueled by emerging economies and increasing local production.

Largest Segment (by Type): The Membrane segment dominates, benefiting from its critical role in electrochemical applications.

Fastest-Growing Segment (by Type): While the report does not explicitly reveal the fastest-growing type segment, the Membrane category remains the most substantial.

Largest Application Segment: In terms of application, Energy (including fuel cells) leads the pack.

Fastest-Growing Application Segment: The report highlights increasing opportunities in new applications , especially as Nafion diversifies beyond traditional uses.

Market Dynamics
The Nafion market is primarily driven by the rising global push toward clean energy, particularly the hydrogen economy. Electrochemical energy conversion and fuel cell technology are core growth levers; as industries and governments invest in green hydrogen infrastructure, the demand for high-performance ion-exchange membranes such as Nafion is accelerating.



On the flip side, growth could be tempered by economic uncertainties, regulatory challenges, and supply chain disruptions. However, these very restraints are presenting strategic opportunities: advances in Nafion membrane technology, expansion into emerging geographic regions (such as LAMEA), and diversification into non–traditional applications offer promising avenues for innovation and competitive differentiation.
Top Market Players
According to Reed Intelligence, key players in the global Nafion market include:

DuPont (Chemours)
Solvay
Dongyue

Segmentation
The report segments the Nafion market across:

By Type:
Membrane
Dispersions
Resin

By Application
Energy
Analytics & Instrumentation
Coatings

By Region
North America
Europe
Asia Pacific (APAC)
LAMEA (Latin America, Middle East & Africa)

About Reed Intelligence
Reed Intelligence is a market research and intelligence firm delivering strategic insights and data-driven analysis across advanced materials, chemicals, energy, and industrial markets.

Global Digital Multimeter Market Set for Strong Growth Through 2031, Says Reed Intelligence

According to a new report by Reed Intelligence, the global digital multimeter market is projected to grow at a robust CAGR of ~5.2% between 2023 and 2031.

Market Size and Forecast

Base Year (2023): The market is analyzed starting from 2023.

Forecast Period: 2023–2031.

Compound Annual Growth Rate (CAGR): ~5.2% over the forecast period.

Key Highlights

Largest Region (by market size): Asia Pacific, driven by its sheer size, emerging economies, and rapidly growing electronics demand.

Fastest-growing Region: While exact regional CAGR is not numerically broken out, Reed Intelligence notes that APAC markets are "experiencing remarkable growth" due to emerging economies and local competitive players.

Largest Segmentation by Type: Handheld digital multimeters remain dominant.

Fastest-growing Segmentation: Application-wise, industrial manufacturing is a major segment; the combination of new features such as connectivity, mobile app integration, and AI capabilities is driving opportunities.

For more details- https://reedintelligence.com/m....arket-analysis/globa

Market Dynamics

Drivers:
The growth of the digital multimeter market is primarily fueled by increasing electronics usage worldwide, the rising popularity of DIY (do-it-yourself) electronics and maintenance among professionals and hobbyists, and growing requirements for regular electrical testing and diagnostics.

Restraints:
Despite these tailwinds, the market faces headwinds from economic uncertainties, regulatory challenges, and supply chain disruptions. Intense competition among established players and new entrants also puts pressure on pricing and margins.

Opportunities:
On the opportunity front, the adoption of advanced features—such as connectivity, mobile-app integration, and AI-powered diagnostics—is expected to drive innovation and open up new market segments. Companies that address undeserved regions or develop feature-rich, smart multimeters stand to gain a competitive edge as they navigate market restraints.

Top Market Players

Key players identified in the report include:

Fluke Corporation

Keysight

FLIR

Rohde & Schwarz

Victor

UNI-T

HIOKI

Chauvin Arnoux Group

Klein Tools

B&K Precision Corporation

CEM

Gossen Metrawatt

Prokits Industries Co., LTD

Mastech Group

GW Instek

Sata

Triplett

Leierda

Metrel d.d.

Market Segmentation

By Type:

Handheld

Bench-top

Others

By Application:

Industrial Manufacturing

Commercial

Public Utilities

By Region:

North America (U.S., Canada)

Europe (UK, Germany, France, Spain, Italy, Russia, Nordic & Benelux)

Asia Pacific (China, Korea, Japan, India, ASEAN, etc.)

LAMEA (Latin America, Middle East & Africa) including UAE, Saudi Arabia, South Africa, Brazil, Mexico, Argentina, etc.

About Reed Intelligence
Reed Intelligence is a research firm specializing in market analysis across advanced materials, semiconductor & electronics, energy, and more. Their reports combine macroeconomic insights, value chain analysis, and competitive benchmarking to help businesses strategize for growth.