PEM Fuel Cell Materials Market Outlook by 2030

Posted by aartimule on January 6th, 2022

PEM Fuel Cell Materials Market: Introduction

Transparency Market Research delivers key insights on the global PEM fuel cell materials market. In terms of revenue, the global PEM fuel cell materials market is estimated to expand at a CAGR of ~58% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global PEM fuel cell materials market.

The global PEM fuel cell materials market has been positively impacted by the rise in demand for these materials in automobile and aviation industries across the globe. Thus, increase in demand for PEM fuel cell materials in automobile and aviation industries is propelling the global PEM fuel cell materials market.

PEM Fuel Cell Materials Market: Dynamics

The demand for PEM fuel cells has been rising in automobile and power generation industries, as these provide green energy, high power density, and are lightweight. This is expected to boost the global PEM fuel cell materials market.

Investment in the global PEM fuel cell materials has been rising significantly over the past few years. For instance, in June 2020, the U.S. Department of Energy announced an investment of US$ 100 Mn in laboratory research on hydrogen and PEM fuel cell technologies over the next five years. The growth in investment in PEM fuel cells is expected to boost the demand for PEM fuel cell materials during the forecast period.

PEM Fuel Cell Materials Market: Key Players

Major players operating in the global PEM fuel cell materials market are Dupont, BASF SE, HyPlat, ABB, Giner Inc., 3M, Hydrogenics USA, Robert Bosch GmbH, Asahi Chemical Industry, Dow Chemical Company, Solvay-Solexis, and Ballard Advanced Materials Corporation.