Product Code: GVR-4-68040-544-9
Polymer Membranes For Energy Storage Market Growth & Trends:
The global polymer membranes for energy storage market size is anticipated to reach USD 2.25 billion by 2030 and is anticipated to expand at a CAGR of 9.0% during the forecast period, according to a new report by Grand View Research, Inc. The global transition to renewable energy sources and the corresponding need for efficient energy storage solutions primarily drive the market. As intermittent renewable energy sources such as solar and wind gain prominence, advanced energy storage systems become essential to balance supply and demand. Polymer membranes are crucial in various storage technologies, particularly in batteries and fuel cells, which function as separators, electrolytes, or ion exchange media.
Technological advancements in polymer science have significantly expanded the capabilities and applications of these membranes. Innovations in perfluorinated sulfonic acid polymers, polyethylene, polypropylene, and various composite structures have improved ionic conductivity, mechanical strength, and thermal stability. For instance, DuPont's Nafion membranes have revolutionized proton exchange membrane fuel cells, while Celgard's microporous polyolefin membranes have become standard in lithium-ion batteries. These technological improvements address key challenges in energy storage, including safety concerns, cycle life limitations, and energy density requirements.
Economic factors and policy initiatives also substantially influence market growth. Government mandates for clean energy adoption, subsidies for renewable technologies, and carbon emission reduction targets create favorable conditions for energy storage investments. The declining costs of renewable energy generation coupled with the decreasing price of energy storage components have improved the economic viability of integrated systems. For example, Tesla's Powerwall and utility-scale Megapack storage systems utilize advanced polymer membrane technology and have seen widespread adoption due to falling production costs and supportive policy environments in regions such as California and Australia.
Market demand is further amplified by emerging applications in electric vehicles, grid-scale storage, and consumer electronics. The electric vehicle market has created enormous demand for high-performance battery technologies utilizing specialized polymer membranes.
Polymer Membranes For Energy Storage Market Report Highlights:
- The proton exchange membranes (PEM) segment accounted for the largest share of over 55.0% of the market in 2024 and is expected to grow at the fastest CAGR of 9.4% during the forecast period
- Based on applications, the automotive application segment dominated the market in 2024 by accounting for the largest revenue share of over 38.0% and is projected to lead the market, with an anticipated CAGR of 9.6% over the forecast period
- The Asia Pacific region dominated the market space by registering a revenue market share of over 51.0% in 2024
- North America is anticipated to grow at the fastest CAGR of 9.6% during the forecast period
- Evonik AG, The Chemours Company, Compact Membrane Systems, Inc., TORAY INDUSTRIES, INC., Ionomr Innovations Inc., Conventus Polymers LLC, PolyCera, UBE Corporation, DuPont, and Celgard are some of the key market players
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.1.1. Market Segmentation
- 1.1.2. Market Definition
- 1.2. Research Scope & Assumptions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Snapshot, 2024 (USD Million)
- 2.2. Segmental Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Global Polymer Membranes for Energy Storage Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Trends
- 3.3.2. Manufacturing/Technology Trends
- 3.4. Regulatory Framework
- 3.5. Average Price Trend Analysis, 2018 - 2030 (USD/Kg)
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market Opportunity Analysis
- 3.6.4. Market Challenge Analysis
- 3.7. Business Environment Analysis
- 3.7.1. Porter's Five Forces Analysis
- 3.7.2. PESTEL Analysis
Chapter 4. Global Polymer Membranes for Energy Storage Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Movement Analysis & Market Share, 2024 & 2030
- 4.2.1. Proton Exchange Membranes (PEM)
- 4.2.1.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2. Anion Exchange Membranes (AEM)
- 4.2.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.3. Others
- 4.2.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Global Polymer Membranes for Energy Storage Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Movement Analysis & Market Share, 2024 & 2030
- 5.2.1. Automotive
- 5.2.1.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.2. Energy & Utilities
- 5.2.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3. Industrial
- 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.4. Others
- 5.2.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Global Polymer Membranes for Energy Storage Market: Region Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Movement Analysis & Market Share, 2024 & 2030
- 6.3. North America
- 6.3.1. North America Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.2. U.S.
- 6.3.2.1. U.S. Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.3. Canada
- 6.3.3.1. Canada Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4. Mexico
- 6.3.4.1. Mexico Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Europe
- 6.4.1. Europe Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.2. Germany
- 6.4.2.1. Germany Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.3. UK
- 6.4.3.1. UK Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4. France
- 6.4.4.1. France Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5. Italy
- 6.4.5.1. Italy Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6. Spain
- 6.4.6.1. Spain Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.2. China
- 6.5.2.1. China Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.3. India
- 6.5.3.1. India Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.4. Japan
- 6.5.4.1. Japan Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.5. Australia
- 6.5.5.1. Australia Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.6. South Korea
- 6.5.6.1. South Korea Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Central & South America
- 6.6.1. Central & South America Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.2. Brazil
- 6.6.2.1. Brazil Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.3. Argentina
- 6.6.3.1. Argentina Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Middle East & Africa Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.7.2. Saudi Arabia
- 6.7.2.1. Saudi Arabia Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.7.3. UAE
- 6.7.3.1. UAE Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.7.4. South Africa
- 6.7.4.1. South Africa Polymer Membranes for Energy Storage Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Key Global Players & Recent Developments & Their Impact on the Industry
- 7.2. Company/Competition Categorization
- 7.3. Vendor Landscape
- 7.3.1. List of Suppliers and Key Value Chain Partners
- 7.3.2. List of Potential Customers
- 7.4. Company Market Position Analysis
- 7.5. Company Heat Map Analysis
- 7.6. Strategy Mapping
- 7.6.1. Expansions
- 7.6.2. Mergers & Acquisitions
- 7.6.3. Collaborations/Partnerships/Agreements
- 7.6.4. New Product Launches
- 7.6.5. Others
Chapter 8. Company Listing (Overview, Financial Performance, Products Overview)
- 8.1. Evonik AG
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.2. The Chemours Company
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.3. Compact Membrane Systems, Inc.
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.4. TORAY INDUSTRIES, INC.
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.5. Ionomr Innovations Inc.
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.6. Conventus Polymers LLC
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.7. PolyCera
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.8. UBE Corporation
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.9. DuPont
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.10. Celgard
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking