Materials for Proton Exchange Membranes and Membrane Electrode Assemblies for PEM Fuel Cells
The global proton exchange membrane fuel cell (PEMFC) and membrane electrode assembly (MEA) market reached $444 million in 2012. The market is expected to reach $1.2 billion in 2017 for a CAGR of 22.1%.
- An overview of the global market for materials for proton exchange membranes and membrane electrode assemblies for PEM fuel cells
- Analyses of global market trends, with data from 2011 and 2012, and projections of compound annual growth rates (CAGRs) through 2017
- Examination of the market and technology for the materials and technology of proton exchange membranes and electrode assemblies, and for bipolar plates for PEMFCs, including direct methanol fuel cells (DMFCs); this includes the gas diffusion layer (GDL), the catalyst ink/electrode, the membrane itself, and the bipolar plate; ancillary stack assembly materials such as bolts, gaskets, tie-outs, and final assembly and packaging costs are excluded
- Discussion of the the history and advancing technology of these components, the companies involved in these developments, the current and projected incentives, and the projected markets for such technologies
- Presentations of consensus, optimistic, and pessimistic scenarios
- Patent analysis and discussion for power sources and vehicle components, emphasizing intellectual property issues
- Comprehensive company profiles of major players.
SCOPE OF REPORT
The fuel cell industry in various forms has been developing for decades. There are notable examples of fuel cell successes. The PEMFC is emerging as a winner in many of the primary categories that fuel cells can satisfy. Existing membranes and assemblies still have room for improvement. PEMFC development and commercialization is an ever-changing process. This BCC Research analysis examines the market and technology for the materials and technology of proton exchange membranes and electrode assemblies and for bipolar plates for PEMFCs, including direct methanol fuel cells (DMFCs). This includes the gas diffusion layer (GDL), the catalyst ink/electrode, the membrane itself and the bipolar plate. Ancillary stack assembly materials such as bolts, gaskets, tie-outs, and final assembly and packaging costs are excluded.
This report details the actuals for 2007, 2011 and 2012 and compound annual growth rate (CAGR) projections for 2017. North American, European, Far Eastern and rest-of-world markets are covered. When appropriate, consensus, optimistic and pessimistic scenarios are presented. A patent analysis and discussion for power sources and vehicle components describes where research is performed and emphasizes intellectual property issues. An extensive set of company profiles is provided.
Donald Saxman is an industry-recognized expert in gas separation and oil recovery through carbon dioxide injection. His experience in both markets and technologies for corrosion inhibitors, and industrial gas end uses informs his research. While working for Zellweger Analytics as a subcontractor to Boeing Aerospace, he was quality assurance manager for the design, manufacture and testing of an organic carbon monitor for the International Space Station and its water recycling system. Saxman has worked with BCC Research as analyst and author for more than 20 years, and his reports include market research on lithium batteries and solid oxide fuel cells. He holds a bachelor's degree in geology from the University of Indiana.
The global market value of components for PEM fuel cell membrane electrode assembly (MEA) as defined by the membrane, the bipolar plates, the gaseous diffusion layers, and the catalyst ink and electrodes, is an estimated $383 million in 2010. This market is expected to grow at a 20.6% compound annual growth rate (CAGR) over the 5-year forecast period to reach $977 million in 2015.
The components for PEM fuel cells market in North America is expected to rise at an average annual growth rate of 25.1% to $929 million in 2011.
The membrane for PEM fuel cells market is estimated at $334 million in 2011.
By 2011, it is expected that the functionalized hydrocarbons will be over 36% of the value of membranes for PEM fuel cells.
The bipolar plates, the gaseous diffusion layers and the catalyst ink market is estimated to reach $595 million in 2011, with average annual growth estimated at 24.7%.
The current U.S. market for components that make up a fuel cell stack stands at $149 million. This will increase at an impressive 26% average annual growth rate (AAGR) to reach $475 million in 2008.
Membranes for PEM fuel cells represent 33% of the market, but only a small fraction, 3%, of the overall U.S. membrane market.
Rising at an AAGR of 25.6%, the membrane segment of the PEM fuel cell market is expected to reach $313 million in 2008.
Components for the remainder of the fuel cell stack will rise from $100 million in 2003 to $313 million in 2008.
Bipolar plates represent about 22% of the total value of stack components.