Electric Growth Projection for Fuel Cells

The market for materials used in proton exchange membranes (PEM) and membrane electrode assemblies (MEA) is set to grow at a compound annual growth rate (CAGR) of 20.6% to $977 million in 2015, up from $383 million in 2010, according to a report by BCC Research (Wellesley, MA). The global PEMFC MEA market is comprised of four segments; membranes; inks and catalysts; bipolar plates/collectors; and gaseous diffusion layer (GDL) and carbon. BCC values the market for the membranes segment at $424 million in 2015. This assumes a CAGR of 16.2%, up from $200 million in...

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