Nonwovens for Energy Applications Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Carbon Fiber, Titanium Fiber, and Others), Application [Battery, Fuel Cell Gas Diffusion

Nonwovens for Energy Applications Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Carbon Fiber, Titanium Fiber, and Others), Application [Battery, Fuel Cell Gas Diffusion Layer (GDL), PTL, and Wind Energy], and Geography

The nonwovens for energy applications market size was valued at US$ 10.92 million in 2023 and is projected to reach US$ 104.73 million by 2031; it is estimated to register a CAGR of 32.7% from 2023 to 2031.

Based on application, the market is segmented into battery, fuel cell gas diffusion layer (GDL), PTL, and wind energy. The fuel cell gas diffusion layer (GDL) segment held the largest share in 2023. The fuel cell gas diffusion layer (GDL) segment held the largest share of the global nonwovens for energy applications market in 2023, and it is expected to record a significant CAGR during the forecast period. Carbon nonwoven is widely used as a substrate for fuel cell gas diffusion layer (GDL). The gas diffusion layer is a thin, porous layer positioned between the electrode and reactant gas flow field in fuel cells or electrolyzers. Nonwoven used in the gas diffusion layer is, responsible for water management, as well as providing structural support and reactant transport. The substrate made of nonwoven is one of the critical components for performance in fuel cells, and acts both as the functional and the supporting structure for membrane electrode assembly.

Asia Pacific held the largest market share for nonwovens for energy applications in the year 2023. This is attributed to the increased demand from the food & beverage industry. As battery technology continues to improve, Asia Pacific is expected to become a key hub for new energy vehicle production. China has emerged as one of the largest electric vehicle markets worldwide, supported by government policies promoting electric vehicles. According to the China Association of Automobile Manufacturers, ~6,000 fuel-cell electric vehicles were sold in China in 2023, a year-on-year rise of 72%. Several economies in Asia Pacific plan to expand the new energy vehicle industry in accordance with the government to support fuel cell electric vehicle growth in the region in the coming years. According to the hydrogen development plan released in 2022, China has set a goal to put 50,000 fuel cell vehicles on its roads by the end of 2025.

A few players operating in the global nonwovens for energy applications market include Technical Fibers Products, Tex Tech Industries Inc, Freudenberg Group, SGL Carbon SE, Lydall Inc, AstenJohnson Inc, Hoftex Group AG, DeatexGroup S.r.l., Sandler AG, and Glatfelter Corporation Sontara. Players operating in the market focus on providing high-quality products to fulfill customer demand. Also, they are focusing on launching new and high-quality products for their customers.

The overall global nonwovens for energy applications market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the nonwovens for energy applications market.

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Progressive industry trends in the nonwovens for energy applications market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the nonwovens for energy applications market from 2021 to 2031
Estimation of the demand for nonwovens for energy applications across various industries
Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
Recent developments to understand the competitive market scenario and the demand for nonwovens for energy applications compounds across the globe
Market trends and outlook coupled with factors driving and restraining the growth of the nonwovens for energy applications market.
Decision-making process by understanding strategies that underpin commercial interest concerning the global nonwovens for energy applications market growth
The global nonwovens for energy applications market size at various nodes of market
Detailed overview and segmentation of the nonwovens for energy applications market as well as its dynamics in the industry
The nonwovens for energy applications market size in different regions with promising growth opportunities