At 27.5% CAGR, Europe Nonwovens for Energy Applications Market is Projected to be Worth US$ 9,138.91 Thousand by 2031, says Business Market Insights

According to Business Market Insights' research, the Europe nonwovens for energy applications market was valued at US$ 1,310.36 thousand in 2023 and is expected to reach US$ 9,138.91 thousand by 2031, registering a CAGR of 27.5% from 2023 to 2031. Government regulations and incentives associated with clean energy and increasing demand from renewable energy sector are among the critical factors attributed to drive the Europe nonwovens for energy applications market growth.

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. 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 Europe nonwovens for energy applications market growth during the forecast period.

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

Based on type, the Europe nonwovens for energy applications market is categorized into carbon fiber, titanium fiber, and others. The titanium fiber segment held 51.6% market share in 2023, amassing US$ 676.53 thousand. It is projected to garner US$ 4,392.75 thousand by 2031 to register 26.3% CAGR during 2023-2031.

By application, the Europe 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 42.9% share of Europe nonwovens for energy applications market in 2023, amassing US$ 562.63 thousand. It is anticipated to garner US$ 4,370.65 thousand by 2031 to expand at 29.2% CAGR during 2023-2031.

By country, the Europe nonwovens for energy applications market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 31.5% share of Europe nonwovens for energy applications market in 2023. It was assessed at US$ 412.66 thousand in 2023 and is likely to hit US$ 3,317.75 thousand by 2031, registering a CAGR of 29.8% during 2023-2031.

Key players operating in the Europe 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, DeatexGroup S.r.l., Glatfelter Corporation Sontara, and Sandler AG, among others.


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