Key Highlights
• An adaptable technology used to transform chemical energy into electrical energy is a fuel cell. It consists of two electrodes separated by an electrolyte, either solid or liquid, that transports charged particles between the electrodes. The reaction at the electrodes is frequently sped up with the aid of a catalyst. The electro-catalyst is a crucial component of the fuel cell and has a significant impact on the effectiveness, longevity, and cost of the cell. In hydrogen fuel cells, platinum or platinum alloys supported on carbon are frequently utilized as catalysts to quicken chemical reactions. Fuel cells can only be used on a large scale because platinum, which is the only material that can tolerate the acidic reaction inside the fuel cell, is very expensive. However, in recent years, scientists and researchers have been conducting in-depth studies in an effort to identify a platinum substitute or lower the price of catalysts. A fuel cell has been widely employed for sustainable development around the world, which is anticipated to raise demand for fuel cell catalyst growth.
• The market size of the Worldwide Automotive Fuel Cell Catalyst Market surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In December 2019, Tanaka Holding Co., Ltd has opened a new facility will be put into operation, and by the end of 2020, it will be fully functional. Tanaka Holding Co., Ltd. is enlarging its fuel cell catalyst manufacturing facilities starting in July 2018. The company will be able to fulfill the growing demand for industrial equipment and commercial fuel cell vehicles thanks to the present expansion, which will increase production capacity by a factor of seven.
• The global market for fuel cell electric vehicles will grow as a result of stricter emission regulations, quieter transportation options, rising adoption of zero-emission vehicles, growing concern over carbon dioxide emissions leading to a decrease in demand for conventional vehicles, and developments in fuel cell technology. Additionally, the industry will grow as a result of government initiatives, portable batteries, quicker refueling times, greater range, and FCEVs. Ambitious targets have been set by governments around the world to increase the number of FCEVs on the road in the near, medium, and long term. Regional governments have also put in place numerous financial and tax-benefit measures to help with this significant stride forward. Due to the rise in demand for cars, automakers are continuously spending in R&D to produce products that are inexpensive, environmentally friendly, less dangerous, and have a long usable life. The global market for automotive fuel cells is being driven by an increase in automobile production in emerging markets. Growing global environmental issues like climate change and poor air quality brought on by increased fossil fuel consumption are driving the demand for clean energy sources. The automotive fuel cell market is expected to expand throughout the course of the forecast period as a result of fuel cells' zero emissions and contribution to the reduction of greenhouse gases.
Scope of the Industry Profile
Key Players
• Umicore (Belgium)
• Johnson Matthey (UK)
• 3M (US)
• Heraeus Holding (Germany)
• Haldor Topsoe (Denmark)
• Tanaka Holdings Co., Ltd. (Japan)
• Huntsman International LLC. (US)
• De Nora (Italy)
• BASF SE (US)
• Archroma (Switzerland)
Segmentation
By Type
• Heterogeneous Type
• Homogeneous Type
By Catalyst
• Platinum
• Platinum Ruthenium Alloy
• Others
By Application
• Methanol Fuel Cell
• Hydrogen Fuel Cell
• Reformate Fuel Cell
• Others
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 Automotive 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 Automotive Fuel Cell Catalyst market.
3. Leading company profiles reveal details of key Automotive 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 Automotive Fuel Cell Catalyst market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In December 2019, Tanaka Holding Co., Ltd has opened a new facility will be put into operation, and by the end of 2020, it will be fully functional.Tanaka Holding Co., Ltd. is enlarging its fuel cell catalyst manufacturing facilities starting in July 2018. The company will be able to fulfill the growing demand for industrial equipment and commercial fuel cell vehicles thanks to the present expansion, which will increase production capacity by a factor of seven.
• In June 2019, research from the University of Hyderabad, Tata Institute of Fundamental Research, Hyderabad (TIFR-H), and Indian Institute of Science Education and Research (IISER), Thiruvananthapuram developed a substitute for the platinum used in fuel cells as a catalyst. This research led to the development of selenium graphene, which is more effective, more affordable, and more durable. With a joint venture with H2 energy, Hyundai intends to deliver 1600 hydrogen fuel cell trucks in Europe
• In April 2019. Hyundai has expanded its presence in Europe with this project outside Switzerland.
Segment Insights
By Catalyst
A high-performance substance that improves fuel cell activity is catalyst with a platinum base. For many years, it has been a fuel additive in cars powered by hydrogen. The Facilitator provides easier access to energy from one atom, specifically from the water molecule, supporting the reaction between hydrogen and oxygen with less effort than other materials like palladium or ruthenium metal-supported catalysts, which need platinum group metals or ligands attached to them for activity enhancement.
By Application
Methanol fuel cell catalyst was accounted for by the largest application sector over 60% of the world's demand. Due to rising demand from methanol-fuelled automobiles and other applications including fertilizers and chemicals, the market is anticipated to expand significantly. Due to the use of hydrogen fuel cell catalysts in the automotive sector to increase efficiency and lower emissions, the market for these products is expected to expand. Moreover, throughout the course of the forecast period, the market is anticipated to rise as a result of expanding government initiatives to encourage usage. Other uses for platinum group metals include diesel engine catalytic converters, where they function as an inhibitor to turn dangerous exhaust gases into less noxious ones, enhancing vehicle performance and cutting associated running costs.
Regional Insights
The fuel cell industry is expanding significantly in North America as a result of technological advancements and widespread use of fuel cell-powered automobiles. The United States is working to advance fuel cell technology, allowing its parent government agencies like the Environmental Protection Agency (EPA) and U.S. Department of Energy to do in-depth study on the fuel cell's commercial viability. As a result, North America will see consistent development in the use of fuel cell catalyst. Due to the increased demand for fuel cells in backup and telecom applications, Europe is anticipated to have profitable market expansion for fuel cell catalyst. Germany is the first European nation to adopt fuel cell technology, followed by the UK, where numerous firms and research institutes are working to develop the fuel cell market. As a result, the market for fuel cell catalysts in Europe has increased. Due to the significant investments made in creating a sustainable energy source, the Asia Pacific region has a tremendous potential for the growth of fuel cell catalyst. China has started working on the creation of fuel cell electric vehicles with the goal of capturing a sizable portion of the global fuel cell industry. Additionally, the market for fuel cell catalysts is anticipated to expand favourably.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 AUTOMOTIVE FUEL CELL CATALYST
MARKET OVERVIEW, BY TYPE
6.1 Global Market Revenue & Share Analysis, By Type
6.1.1 Heterogeneous Type
6.1.2 Homogeneous Type
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 AUTOMOTIVE FUEL CELL CATALYST
MARKET OVERVIEW, BY CATALYST
7.1 Global Market Revenue & Share Analysis, By Catalyst
7.1.1 Platinum
7.1.2 Platinum Ruthenium Alloy
7.1.3 Others
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 AUTOMOTIVE FUEL CELL CATALYST
MARKET OVERVIEW, BY APPLICATION
8.1 Global Market Revenue & Share Analysis, By Application
8.1.1 Methanol Fuel Cell
8.1.2 Hydrogen Fuel Cell
8.1.3 Reformate Fuel Cell
8.1.4 Others
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 AUTOMOTIVE FUEL CELL CATALYST
MARKET OVERVIEW, BY REGION
9.1 Global Market Revenue & Share Analysis, By Region
9.1.1 North America
9.1.2 Europe
9.1.3 Asia Pacific
9.1.4 Middle East & Africa
9.1.5 South America
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 NORTH AMERICA MARKET ANALYSIS
10.1 North America Market Revenue & Share Analysis, By Type
10.2 North America Market Revenue & Share Analysis, By Catalyst
10.3 North America Market Revenue & Share Analysis, By
Application
10.4 North America Market Revenue & Share Analysis, By Country
10.4.1 US
10.4.2 Canada
10.4.3 Mexico
10.5 Key Takeaways
11 EUROPE MARKET ANALYSIS
11.1 Europe Market Revenue & Share Analysis, By Type
11.2 Europe Market Revenue & Share Analysis, By Catalyst
11.3 Europe Market Revenue & Share Analysis, By Application
11.4 Europe Market Revenue & Share Analysis, By Country
11.4.1 UK
11.4.2 Italy
11.4.3 Spain
11.4.4 Germany
11.4.5 France
11.4.6 Rest of Europe
11.5 Key Takeaways
12 ASIA PACIFIC MARKET ANALYSIS
12.1 APAC Market Revenue & Share Analysis, By Type
12.2 APAC Market Revenue & Share Analysis, By Catalyst
12.3 APAC Market Revenue & Share Analysis, By Application
12.4 APAC Market Revenue & Share Analysis, By Country
12.4.1 China
12.4.2 Japan
12.4.3 India
12.4.4 South Korea
12.4.5 Rest of APAC
12.5 Key Takeaways
13 MIDDLE EAST & AFRICA MARKET
ANALYSIS
13.1 MEA Market Revenue & Share Analysis, By Type
13.2 MEA Market Revenue & Share Analysis, By Catalyst
13.3 MEA Market Revenue & Share Analysis, By Application
13.4 MEA Market Revenue & Share Analysis, By Country
13.4.1 GCC
13.4.2 South Africa
13.4.3 Rest of MEA
13.5 Key Takeaways
14 SOUTH AMERICA MARKET ANALYSIS
14.1 SA Market Revenue & Share Analysis, By Type
14.2 SA Market Revenue & Share Analysis, By Catalyst
14.3 SA Market Revenue & Share Analysis, By Application
14.4 SA Market Revenue & Share Analysis, By Country
14.4.1 Brazil
14.4.2 Argentina
14.4.3 Rest of SA
14.5 Key Takeaways
15 COMPETITIVE SCENARIO
15.1 Overview
15.2 Key Players Market Share Analysis
15.3 Recent Developments & Type Launches
15.4 Mergers & Acquisitions
15.5 Partnerships, Agreements & Collaborations
16 COMPANY PROFILES
16.1 Overview
16.2 Key players
16.2.1 Umicore (Belgium)
16.2.1.1 Business Overview
16.2.1.2 Types Offered
16.2.1.3 Financial Insights
16.2.1.4 Strategic Developments
16.2.1.4.1 New Type Launches
16.2.1.4.2 Agreements & Collaborations
16.2.1.5 Business Aspects (NOISE Analysis)
16.2.1.5.1 Key Strengths
16.2.1.5.2 Opportunities
16.2.1.5.3 Weaknesses & Competitive Threats
16.2.1.5.4 Needs & Improvements
16.2.2 Johnson Matthey (UK)
16.2.3 3M (US)
16.2.4 Heraeus Holding (Germany)
16.2.5 Haldor Topsoe (Denmark)
16.2.6 Tanaka Holdings Co., Ltd. (Japan)
16.2.7 Huntsman International LLC. (US)
16.2.8 De Nora (Italy)
16.2.9 BASF SE (US)
16.2.10 Archroma (Switzerland)
17 DISCLAIMER
18 APPENDIX
