Press Releases

Global Market for Proton Exchange Membranes and Membrane Electrode Assemblies for PEM Fuel Cells to See 27.9% CAGR

June 19, 2018

WELLESLEY, Mass., June 19, 2018 – Due to the high potential profits that could be garnered by large corporations, the global market for proton exchange membranes and membrane electrode assemblies for PEM fuel cells is forecast to see major growth within the next five years, according to a new report from BCC Research.

The global market for proton exchange membranes and membrane electrode assemblies for PEM fuel cells was worth $7.7 million during 2017. It is expected to reach a value of $2.6 billion by 2022, indicating a compound annual growth rate (CAGR) of 27.9%, according to Materials for Proton Exchange Membranes and Membrane Electrode Assemblies for PEM Fuel Cells.

Research Highlights

  • All segments of proton exchange membranes and membrane electrode assemblies for PEM Fuel Cells, which include membranes, bipolar plates/collectors, GDL and carbon, inks and catalysts, have seen an upward revision to their five-year CAGR since the publication of the last report in May 2013. The average estimated CAGR from 2017-2022 is 27.9% with a total market value of $2.6 billion in 2022.
  • The membrane segment is expected to achieve the highest growth with a projected 28.1% CAGR from 2017 to 2022 and an estimated value of $1.2 billion in 2022.
  • Fluoropolymers are projected to remain the largest type of proton exchange membrane, reaching a total market value of $700 million in 2022 with a 29.8% CAGR starting in 2017.

“The reign of the fluoropolymers PEM continues, but the absolute dominance of the fluoropolymers electrolyte has decreased somewhat,” said Donald Saxman, report author and BCC Research analyst. “New materials such as the functionalized hydrocarbon PEM can decrease costs and increase performance and durability in certain applications. These functionalized hydrocarbons decrease metal plate corrosion problems and offer improved conductivity at lower relative humidity. This is proving especially important in transportation PEMFCs.”

Editors/reporters requesting analyst interviews should contact Eric Surber at press@bccresearch.com.

Materials for Proton Exchange Membranes and Membrane Electrode Assemblies for PEM Fuel Cells( FCB035F )
Publish Date:     

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.