Wilmington, Delaware, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Hydrogen Membrane Market by Product Type (Polymer Membrane, Ceramic Membrane, and Metal Membrane), and Application (Hydrogen Production, Fuel Cells, Chemical Processing, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the "hydrogen membrane market" was valued at $2.1 billion in 2023, and is estimated to reach $4.2 billion by 2033, growing at a CAGR of 7.1% from 2024 to 2033.
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Prime determinants of hydrogen membrane market growth
Rise in hydrogen-powered vehicles is playing a pivotal role in expanding the need for hydrogen purification and separation technologies, particularly in the transportation sector. Hydrogen fuel cell vehicles (FCVs) are seen as a promising solution to reduce carbon emissions from transportation, especially in heavy-duty applications such buses, trucks, and trains, where battery electric vehicles face limitations in range and charging times. All these factors are expected to drive the growth of the hydrogen membrane market during the forecast period.
Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2024–2033 |
| Base Year | 2023 |
| Market Size in 2023 | $2.1Billion |
| Market Size in 2033 | $4.2Billion |
| CAGR | 7.1% |
| No. of Pages in Report | 245 |
| Segments Covered | Product Type, Application, and Region. |
| Regional Scope | North America, Europe, Asia Pacific, Middle East, and Latin America. |
| Drivers | Increase in investments in hydrogen infrastructure and fuel cell technologies Rise in hydrogen-powered vehicles |
| Opportunity | The transition to green hydrogen production |
| Restraint | Competition from alternative technologies |
Polymer membrane segment maintains its dominance by 2033
By product type, the polymer membrane segment accounted for more than half of the hydrogen membrane market share in 2023 and is expected to maintain its dominance during the forecast period. Polymer membrane is attributed to the superior performance characteristics of polymer membranes, such as high efficiency, durability, and cost-effectiveness in hydrogen separation and purification processes. Their widespread adoption in fuel cells and hydrogen production applications, coupled with ongoing advancements in polymer technologies, continues to drive the hydrogen membrane market growth.
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Hydrogen production segment maintains its dominance by 2033
By application, the hydrogen production segment accounted for more than two-fifth of the hydrogen membrane market share in 2023 and is expected to maintain its dominance during the forecast period. Hydrogen membranes are critical in enhancing the efficiency of hydrogen production methods such as steam methane reforming, electrolysis, and coal gasification by enabling precise separation and purification.
Asia-Pacific is expected to grow faster throughout the forecast period
Based on region, the Asia-Pacific region accounted for more than two-fifth of the hydrogen membrane market share in 2023 and is expected to maintain its dominance during the forecast period, with the fastest CAGR of 7.5%. Hydrogen membranes are primarily used in hydrogen purification and separation processes, enabling the production of high-purity hydrogen for industrial, energy, and transportation sectors. Countries such as Japan and South Korea are leading in the adoption of hydrogen membranes. These nations have robust hydrogen strategies focused on integrating hydrogen into their energy and transportation systems. Hydrogen membranes are utilized in fuel cell vehicles, where they ensure the purity of hydrogen to optimize fuel cell performance.
Leading Market Players:
- JSC Grasys
- Agfa-Gevaert Group
- The Chemours Company
- Air Liquide
- Linde PLC
- Evonik Industries AG
- Nitto Denko Corporation
- Borsig GmbH
- Parker Hannifin Corporation
- TORAY INDUSTRIES, INC
The report provides a detailed analysis of these key players in the global hydrogen membrane market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
