Key Highlights

• Hydrogen Fuel cells are a variety of technologies used to convert chemicals into electrical energy. It consists of two electrodes separated by a material or liquid electrolyte that carries the material between them. Catalysts are often used to accelerate the reaction of electrodes. Electro catalysts are an important part of Hydrogen Fuel cells and often affect the performance, durability and cost of the cells. Carbon-supported platinum or platinum alloys are often used as cell catalysts to accelerate the reaction of hydrogen gas. Platinum is the only material that can withstand the acidic reaction in Hydrogen Fuel cells, but it is very expensive, which limits its wide application in Hydrogen Fuel cells. However, in recent years, scientists and researchers have done a lot of research to find alternatives to platinum or to reduce the cost of the catalyst. Hydrogen Fuel cells are widely used in sustainable development worldwide, and this is expected to increase the demand for fuel cell catalysts. The fuel cell catalyst market is segmented by type and application. Catalysts used in Hydrogen Fuel cells are platinum and platinum-ruthenium alloys. When separated it is an excellent catalyst for oxidation and reduction reactions, increasing the reaction surface area and providing an ideal catalyst for many electrochemical processes.

• The market size of the worldwide Hydrogen Fuel Cell Catalyst Industry surpassed USD XX Billion in 2023, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.

• In June 2022, joint research by Tata Institute of Research Hyderabad (TIFR-H), University of Hyderabad and Indian Institute of Science Education and Research (IISER) Thiruvananthapuram developed an alternative to platinum as fuel for Hydrogen Fuel cells. Research has produced selenium graphene that is more efficient, cheaper and stronger.

• Hydrogen Fuel cells are widely used in sustainable development worldwide, and this is expected to increase the demand for fuel cell catalysts. The fuel cell catalyst market is segmented by type and application. Catalysts used in Hydrogen Fuel cells are platinum and platinum-ruthenium alloys. When separated it is an excellent catalyst for oxidation and reduction reactions, increasing the reaction surface area and providing an ideal catalyst for many electrochemical processes. While platinum has the largest share of the market, many catalysts are still in their infancy. Catalysts can be hydrogen, methanol, converted Hydrogen Fuel cells, etc. It is used in many fuel cell applications such as Hydrogen Fuel cells have become the market leader among consumers. The continued growth of sustainable development is expected to increase the demand for renewable energy, thereby increasing the demand for fuel cell catalysts. Major investments in supporting the sustainable development of green technologies and the use of Hydrogen Fuel cells in various applications should drive the growth of fuel cell catalysts. Hydrogen Fuel cells not only help reduce pollution, but also preserve fossil fuel reserves and further expand the fuel cell catalyst market. Catalysts used in fuel cell reactions are expensive and fuel cell technology is still in its infancy, hindering the development of fuel cell catalysts.

Scope of the Industry Profile

Key Players

• Umicore (Belgium)

• Johnson (US)

• 3M (US)

• Heraeus Holding (Germany)

• Haldor Topsoe (Denmark)

• Tanaka Holdings Co., Ltd. (Japan)

• Huntsman International LLC. (US)

• De Nora (Italy)

• BASF SE (Germany)

• Archroma (Switzerland)

Segmentation

By Type

• Heterogeneous Type

• Homogeneous Type

By Catalyst

• Platinum

• Platinum Ruthenium Alloy

• Other Catalysts

By End User

• Marine

• Automotive

• Government & Utilities

• Defense

• Transportation

• Other End Users

By Fuel Cell Type

• Proton Exchange Membrane Fuel Cell (PEMFC)

• Phosphoric Acid Fuel Cell (PAFC)

• Solid Oxide Fuel Cell (SOFC)

• Direct Methanol Fuel Cell (DMFC)

• Other Hydrogen Fuel cells

What to Expect from Industry Profile

1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Hydrogen Fuel Cell Catalyst market in the world.

2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Hydrogen Fuel Cell Catalyst market.

3. Leading company profiles reveal details of key Hydrogen Fuel Cell Catalyst market players’ global operations, strategies, financial performance & their recent developments.

4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Hydrogen Fuel Cell Catalyst market with forecast for decade by both market share (%) & revenue (USD Million).

Recent Development

• In April 2022, Hyundai Motor plans to partner with H2 Energy to deliver 1,600 hydrogen fuel cell trucks to Europe. Hyundai Motor plans to enter European countries as well as Switzerland, thanks to this joint venture.

• In December 2022, Umicore announced that it was expanding fuel cell catalyst production in South Korea to support the development of Hyundai Motor Group and South Korean automakers. World. The new factory will enter production at the end of 2023 and will be fully operational in 2023.

• July 2022, Tanaka Holdings Co., Ltd. will expand its fuel cell catalyst production facilities. The capacity increase will now be seven times its current capacity, allowing the company to meet growing demand for commercial gas-electric vehicles and equipment.

Segment Insights

By Type

The demand for heterogeneous hydrogen gas catalysts is increasing, mainly due to the need to rapidly transition to cleaner and more energy-efficient sources. As the world grapples with the effects of climate change, the impact of the decarbonization industry, especially transportation, is becoming greater. Hydrogen fuel, known for its ability to produce clean energy when combined with Hydrogen Fuel cells, is attracting more attention than other fossil fuel alternatives. Heterogeneous catalysts play an important role in promoting hydrogen production from processes such as steam methane reforming and water electrolysis. These catalysts increase efficiency, reduce energy consumption and reduce production costs, making hydrogen a more economical and environmentally friendly energy. As a result, the demand for heterogeneous hydrogen fuel catalysts has increased as they help stimulate the hydrogen industry and address environmental concerns.

By Catalyst

The demand for platinum catalysts in hydrogen fuel technology is mainly due to their unique efficiency in catalyzing electrochemical reactions related to hydrogen production and Hydrogen Fuel cells. Platinum has excellent catalytic properties that make the hydrogen formation and oxygen reduction reactions necessary for Hydrogen Fuel cells faster and more efficient. These batteries have become important in the search for clean and sustainable solutions, especially in transportation and energy production. In addition, as the world strengthens efforts to reduce greenhouse gas emissions and combat climate change, platinum catalysts could help create good, clean hydrogen methods such as proton exchange membrane electrolysis. Although platinum is expensive, its important role in improving the performance and efficiency of hydrogen-based technologies is a key driver of demand for platinum catalysts as they are crucial to advancing the hydrogen economy and achieving carbon neutral energy.

Regional Insights

The North American fuel cell industry has grown exponentially due to advances in technology and the widespread use of fuel cell-powered vehicles. The United States is committed to supporting fossil fuel technology, allowing major government agencies such as the U.S. Department of Energy and the Environmental Protection Agency (EPA) to conduct extensive research into the economic benefits of Hydrogen Fuel cells. That's why fuel cell catalysts will continue to grow in North America. Europe is expected to provide a profitable growth market for fuel cell catalysts due to the high demand for Hydrogen Fuel cells in communications and backup applications. Germany is Europe's largest energy consumer, followed by the UK. Many organizations and research centers are involved in the R&D and commercialization of the fuel cell industry. This adds to the European fuel cell catalyst market. The Asia-Pacific region has great potential for fuel cell catalysts due to high investment in sustainable energy production. China has begun efforts to develop gas-electric vehicles in order to get a large share of the gas-electric market. The fuel cell catalyst industry also needs to grow aggressively.