Global Fuel Cell Membranes Market Research Report 2022

A fuel cell is a device that generates electricity through the reverse electrolysis chemical reaction in which hydrogen and oxygen react to produce water and electricity. The fuel for fuel cells is hydrogen and oxygen; hydrogen can be a gas from water electrolysis, or produced by reforming natural gas, petroleum or methanol, while oxygen is taken in from the atmosphere. As it generates electricity, the fuel cell also produces heat, so high hopes are held for its commercialization and application in a diverse range of applications as a new highly efficient energy system.

A fuel cell consists of an electrolyte between two electrodes, and a conducting wire linking the two electrodes. Hydrogen fed to one electrode (fuel electrode) divides into hydrogen ions and electrons on the electrode. Hydrogen ions flow through the electrolyte to the other electrode, to which air is fed (air electrode). Electrons flow from the fuel electrode to the air electrode through the conducting wire linking the two electrodes. At this time, the electrical current flows in the opposite direction. At the air electrode, the hydrogen ions react with the oxygen and electrons to produce water and heat.

Market Analysis and Insights: Global Fuel Cell Membranes Market

Due to the COVID-19 pandemic, the global Fuel Cell Membranes market size is estimated to be worth US$ 298.7 million in 2022 and is forecast to a readjusted size of US$ 786 million by 2028 with a CAGR of 17.5% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Perfluorosulfonic Acid Membranes accounting for % of the Fuel Cell Membranes global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Stationary segment is altered to an % CAGR throughout this forecast period.

Global Fuel Cell Membranes key players include Dupont (Chemours), 3M, Gore, Solvay, etc. Global top four manufacturers hold a share about 60%.

North America is the largest market, with a share over 55%, followed by China, and South Korea, both have a share about 35 percent.

In terms of product, Perfluorosulfonic Acid Membranes is the largest segment, with a share nearly 65%. And in terms of application, the largest application is Stationary, followed by Transportation, Portable.

Global Fuel Cell Membranes Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Fuel Cell Membranes Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.



Segment by Type


Perfluorosulfonic Acid Membranes

Others



Segment by Application


Stationary

Transportation

Portable



By Company


DuPont

3M

Gore

Solvay

BWT Group

AKC

BASF

Oceanit

Wuhan WUT

Dongyue Group


Production by Region



North America

Europe

China

Japan

Austria


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Latin America

Mexico

Brazil

Argentina