Nonwovens for Energy Applications Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis by Type (Carbon Fiber, Titanium Fiber, and Others), Application [Battery, Fuel Cell Gas Diffusion Layer (GDL), PTL, and Wind Energy]
The scope of our recent study on the "Nonwovens for Energy Applications Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Type and Application" includes the factors fueling the market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments
The nonwovens for energy applications market size is valued at US$ 10.92 million in 2023 and is expected to reach US$ 104.73 million by 2031; it is estimated to register a CAGR of 32.7% from 2023 to 2031.
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, Energy Security Secretary (UK) announced the funding for 11 projects to produce green hydrogen - through a process known as electrolysis. In May 2024, Hydrogen Ukraine and AB5 Consulting won a grant to develop its Renewable Hydrogen Project located in Ukraine. The project was funded through Innovate Ukraine, funded by the UK International Development.
Several subsidies and grants are being offered by the government for research and development in clean energy technologies. Tax credits and rebates for the adoption of clean energy technologies encourage industries and consumers to invest in hydrogen fuel cells and related applications. In December 2023, the government of the UK announced funding for 11 major projects to produce green hydrogen-through a process known as electrolysis. In April 2023, the US government announced steps to lower emissions in the power and transportation sectors, including scaling up clean energy, setting ambitious zero-emission vehicle goals by 2030, and decarbonizing international shipping. The regulatory push toward clean energy solutions have increased the demand for high-performance nonwovens in hydrogen fuel cells and other clean energy applications. Thus, government regulations and incentives associated with clean energy are anticipated to create numerous opportunities for the nonwovens for energy applications market growth during the forecast period.
On the basis of application, the nonwovens for energy applications market is segmented into battery, fuel cell gas diffusion layer (GDL), PTL, and wind energy. The global nonwovens for energy applications market share for the fuel cell gas diffusion layer (GDL) segment was the largest 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.
The market is segmented into five main regions-North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Asia Pacific held the largest revenue share of the market in 2023. Europe is another attractive region in the global nonwovens for energy applications market. According to the International Trade Administration report published in 2022, a rise in investments in the automotive industry will create lucrative opportunities for businesses of automotive components and materials, including batteries and nonwovens, across Europe in the coming years. In 2022, Turkey recorded the presence of 48,000 hybrid and 2,000 EVs on the roads and ~800 vehicle charging stations. As per the European Automobile Manufacturers' Association, the EU registered the production of more than 9 million cars in the first three quarters of 2023, registering a rise of 14% from the same quarter in 2022. As per the European Commission, battery-electric vehicle registrations continued to grow by 29% from 2023 to 2024. The growth in electric vehicles and fuel cell electric vehicles industry is expected to boost the fuel cell demand during the forecast period. These fuel-cell electric vehicles utilize a propulsion system similar to electric vehicles, where energy stored as hydrogen is rapidly converted to electricity by the fuel cell.
Global Nonwovens for Energy Applications Market Breakdown - by Region
The report includes the segmentation of the global nonwovens for energy applications market as follows:
The global nonwovens for energy applications market is divided based on type, application, and geography. Based on type, the nonwovens for energy applications market is segregated into carbon fiber, titanium fiber, and others. In terms of application, the market is segmented into battery, fuel cell gas diffusion layer (GDL), PTL, and wind energy. The geographic scope of the nonwovens for energy applications market report encompasses North America (US, Canada, and Mexico), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
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