At 25.8% CAGR, North America Nonwovens for Energy Applications Market is Projected to be Worth US$ 4,448.75 Thousand by 2031, says Business Market Insights

According to Business Market Insights' research, the North America nonwovens for energy applications market was valued at US$ 709.21 thousand in 2023 and is expected to reach US$ 4,448.75 thousand by 2031, registering a CAGR of 25.8% from 2023 to 2031. Growing demand for fuel cell vehicles and increasing demand from renewable energy sector are among the critical factors attributed to drive the North America nonwovens for energy applications market growth.

The automotive industry's transition toward green and sustainable technologies has catalyzed the development and adoption of fuel cell vehicles. With this, the demand for advanced materials, including nonwovens, has increased. 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.

Major automotive companies are investing substantially in the development and production of fuel cell vehicles. Companies such as Toyota, Hyundai, and Honda are leading companies with plans to expand their fuel cell vehicle lineups. In February 2024, Honda launched a plug-in hydrogen fuel cell vehicle in the US. Honda plans to sell only 100% zero-emission models by 2040. Those vehicles will be a combination of battery electrics and hydrogen fuel cell electrics. The development of hydrogen refueling infrastructure is critical for the wide adoption of fuel cell vehicles. The surge in demand for fuel cell vehicles drives the demand for nonwovens for energy applications.

On the contrary, fluctuation in raw material prices hampers the growth of North America nonwovens for energy applications market.

Based on type, the North America nonwovens for energy applications market is categorized into carbon fiber, titanium fiber, and others. The titanium fiber segment held 52.7% market share in 2023, amassing US$ 373.56 thousand. It is projected to garner US$ 2,184.45 thousand by 2031 to register 24.7% CAGR during 2023-2031.

By application, the North America nonwovens for energy applications market is segmented into battery, Fuel Cell Gas Diffusion Layer (GDL), PTL fuel, and wind energy. The Fuel Cell Gas Diffusion Layer (GDL) segment held 41.5% share of North America nonwovens for energy applications market in 2023, amassing US$ 294.08 thousand. It is anticipated to garner US$ 2,090.45 thousand by 2031 to expand at 27.8% CAGR during 2023-2031.

By country, the North America nonwovens for energy applications market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 90.2% share of North America nonwovens for energy applications market in 2023. It was assessed at US$ 639.50 thousand in 2023 and is likely to hit US$ 4,059.39 thousand by 2031, registering a CAGR of 26.0% during 2023-2031.

Key players operating in the North America nonwovens for energy applications market are Technical Fibers Products, Tex Tech Industries Inc, Freudenberg Group, SGL Carbon SE, Lydall Inc, AstenJohnson Inc, Hoftex Group AG, and Sandler AG, among others.

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