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The nonwovens for energy applications market size is projected to reach US$ 104.73 million by 2031 from US$ 10.92 million in 2023. The market is expected to register a CAGR of 32.7% during 2023–2031. The research and development in high-performance nonwovens to cater to demanding applications across various industries are likely to bring new trends to the nonwovens for energy applications market.
Nonwovens for Energy Applications Market Analysis
The automotive industry’s transition toward green and sustainable technologies has catalyzed the development and adoption of fuel cell vehicles. As a result, the demand for advanced materials, including nonwovens, has increased. As per the Hydrogen Development Plan, China has set a goal to have 50,000 fuel cell vehicles on its roads by 2025. In July 2024, the US Department of Transportation announced the provision of US$ 1.5 billion to 117 public transportation projects with zero-emission and low-emission vehicles. Nonwovens are crucial components of fuel cell systems, enhancing performance and efficiency. In fuel cells, nonwovens are used for gas diffusion layer, proton exchange membranes, and insulation. Advancements in nonwoven manufacturing technologies, such as electrospinning and nanofiber production, are enhancing the performance characteristics of nonwoven materials.
Nonwovens for Energy Applications Market Overview
The nonwovens for energy application market is experiencing robust growth as industries seek advanced materials to enhance the performance, efficiency, and sustainability of energy systems. Nonwoven fabrics, known for their versatility, lightweight properties, and customizable characteristics, are increasingly being utilized in various energy-related applications, including batteries, fuel cells, and wind energy. In the energy storage sector, nonwoven carbon fiber materials are crucial for enhancing the performance of batteries and fuel cells. Carbon fiber nonwovens are used in the production of electrodes for batteries, where their conductive properties contribute to improved energy storage capacity and efficiency.
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Nonwovens for Energy Applications Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Nonwovens for Energy Applications Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Nonwovens for Energy Applications Market Drivers and Opportunities
Increasing Demand from Renewable Energy Sector
The renewable energy sector is experiencing rapid growth due to widespread efforts to combat climate change and enhance energy security. According to the International Energy Agency 2023 report, the global renewable power capacity is expected to increase in the next five years, of which solar PV and wind energy accounted for 96% of power capacity, as their power generation costs are lower than fossil and nonfossil alternatives. Solar PV and wind energy capacity are forecasted to double by 2028 compared to 2022. The continuous growth in the economic attractiveness of the renewable energy industry coupled with increasing government policy support, especially in China, the US, the European Union, and India, are expected to accelerate capacity growth in the coming years. As per the Global Wind Energy Council, in 2022, a new wind power capacity of 77.6 GW was connected to power grids worldwide, recording a total installed wind capacity of 906 GW and registering growth of 9% compared with 2021.
Government Regulations and Incentives Associated with Clean Energy
Government policies have a significant influence on hydrogen fuel cells and clean energy technologies. These policies influence the demand for advanced materials, including nonwovens, critical for enhancing the performance and efficiency of energy systems. Governments of various countries across the globe have set ambitious targets to lower carbon emissions, encouraging the adoption of clean energy technologies. For instance, the EU aims to achieve net-zero emissions by 2050. Such stringent emission standards necessitate the development of efficient energy systems, boosting the demand for nonwovens in hydrogen fuel cells and clean energy technologies. A few governments are also designing strategies to promote green hydrogen production, using renewable energy sources to electrolyze water. In December 2023, the Energy Security Secretary (UK) announced the funding for 11 projects to produce green hydrogen through electrolysis. In May 2024, Hydrogen Ukraine and AB5 Consulting won a grant to develop its Renewable Hydrogen Project in Ukraine. The project was funded through Innovate Ukraine under the UK International Development.
Nonwovens for Energy Applications Market Report Segmentation Analysis
Key segments that contributed to the derivation of the nonwovens for energy applications market analysis are type and application.
- The nonwovens for energy applications market, based on type, is segmented into carbon fiber, titanium fiber, and others. The carbon fiber segment dominated the market in 2023.
- By 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 accounted for the largest share of the nonwovens for energy applications market in 2023.
Nonwovens for Energy Applications Market Share Analysis by Geography
The geographic scope of the nonwovens for energy applications market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific held the largest market share in 2023 and is expected to register the highest CAGR during the forecast period. 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.
Nonwovens for Energy Applications Market Report Scope
Nonwovens for Energy Applications Market News and Recent Developments
The nonwovens for energy applications market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the nonwovens for energy applications market are listed below:
- Technical Fibers Products announced a groundbreaking advancement in the field of battery technology with the introduction of its high-performance carbon fiber nonwovens. (Source: James Cropper PLC, Company News, July 2024)
- Toray Industries, Inc. announced the development of TORAYCA™ T1200 carbon fiber, the world’s highest strength at 1,160 kilopounds per square inch (Ksi). This new offering will encourage the company to reduce environmental footprints by lightening carbon-fiber-reinforced plastic materials. (Source: Toray Advanced Composites, Press Release, October 2023)
Nonwovens for Energy Applications Market Report Coverage and Deliverables
The “Nonwovens for Energy Applications Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Nonwovens for energy applications market size and forecast for all the key market segments covered under the scope
- Nonwovens for energy applications market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces and SWOT analysis
- Nonwovens for energy applications market analysis covering key market trends, country framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the nonwovens for energy applications market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The growing demand for fuel cell vehicles and increasing demand from the renewable energy sector are the major factors responsible for the nonwovens for energy applications market growth.
The research and development on high-performance nonwovens is expected to emerge as a future trend in the market.
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 are among the leading market players.
The fuel cell gas diffusion layer (GDL) segment dominated the global nonwovens for energy applications market in 2023.
The carbon fiber segment held the largest share of the global nonwovens for energy applications market in 2023.
The market is expected to register a CAGR of 32.7% during 2023–2031.
The List of Companies - Nonwovens for Energy Applications Market
- 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
- Glatfelter Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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