Global Industry Analysis PEM Fuel Cells Materials Market Forecast - 2024

The global proton exchange membrane (PEM) fuel cells materials market is currently making headway to secure its place on a rising trend on the back of PEM and membrane electrode assembly (MEA) components. The demand for PEM fuel cell (PEMFC) has predominantly fueled the fuel cells industry. In fact, PEMFC has emerged as a champion segment amongst all the other categories of fuel cells. Howbeit, there is still some room for improvement for the membranes and assemblies in operation presently. Since the process of the commercialization and development of PEMFCs is an ever-changing one, the global market is predicted to ride on the new enhancements birthed in the interim.

The worldwide market for PEMFC materials is segmented according to electrolyte or fuel type. And each electrolyte or fuel type could have various applications and certain specifications and requirements as per the operating conditions. There are also different types of PEM studied in the report. For a detailed analysis of the geographic distribution of the market, the analysts have shed light on the major geographies.

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Over a comprehensive forecast period of eight years, the international PEMFC materials market report offers a deeper understanding of the projected growth while taking in consideration various competitive dynamics, drivers and restraints, and other key factors. Report buyers can also gain a competitive insight of the global market with Porter’s five force model analysis and painstaking profiling of the top industry players.

Global PEM Fuel Cells Materials Market: Driving Factors

The paring down of mainstream fuel resources and rising environmental worries are listed among the critical factors of growth for the global PEMFC materials market. Fuel cells, in particular, have proved themselves instrumental in compensating for the aforementioned predicaments by making available alternative energy resources. For the forecast period 2016–2024, the global market is envisaged to register a fighting fit CAGR to cement a compounded growth.

The efficient attributes of PEMFCs, such as minimal design challenges, durability, absence of carbon, non-corrosiveness, and quick response, are propelling the demand in the market and subsequently, its growth. Besides this, their application in portable devices, automobiles, and residential power devices and preference for use have contributed to the growth.

Global PEM Fuel Cells Materials Market: Geography

The Europe and North America PEMFC materials markets could face a setback due to the scaling down of government grants and subsidies. However, they are expected to be dynamic enough to bear the weight. With the augmenting environment and energy constraints, the international market is anticipated to witness a robust advancement in the coming years. While the MEA components segment is foreseen to exhibit a very healthy market share, the catalysts segment is expected to win the race with a stallion growth rate.

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Global PEM Fuel Cells Materials Market: Company Profiling

W.L. Gore & Associates, Inc., DuPont, Dow, Hoku Scientific, Inc., E-TEK, and 3M are some of the crucial industry players which are projected to impact the global PEMFC materials market aggressively. Most players in the market are driven by the strong growth potential of fuel cells and the demand for their safety, efficiency, and durability attributes.

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