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Global Fuel Cell Catalyst Market Share, Size, Price, Research: By Type: Platinum Based, Platinum Ruthenium Alloy, Others; By Application: Methanol Fuel Cell Catalyst, Hydrogen Fuel Cell Catalyst, Reformate Fuel Cell Catalyst, Others; Regional Analysis; Market Dynamics; Competitive Landscape: Industry Events and Developments; 2022-2027

Global Fuel Cell Catalyst Market Outlook

The global fuel cell catalyst market size is expected to grow in the forecast period of 2022-2027 at a CAGR of 24.70%.

 

Increasing Usage of Hydrogen Fuel Cells with Platinum Based Catalysts is Driving the Global Fuel Cell Catalyst Industry

The increasing application of hydrogen fuel cells with platinum based catalysts, owing to its efficiency and ability to withstand acidic conditions inside the cell, is driving the segment’s growth. In addition, platinum alloys are stable and exhibit poisoning resistance, which makes them an ideal catalyst for hydrogen fuel cell applications.

 

Over the forecast period, the increase in demand for hydrogen fuel cells for various applications is anticipated to propel the requirement of platinum based catalysts. Leading applications are warehouse logistics, backup power generation, and mobile power generation, among others, However, high cost of platinum can limit its use in fuel cells in the coming years.

 

The Middle East and Africa Account for a Substantial Share in the Market for Fuel Cell Catalyst

The fuel cell catalyst market in the Middle East and Africa region is being driven by the comparatively high availability of platinum in countries like South Africa. The increase in demand for hydrogen fuel cells, owing to the acceptance of hydrogen as a clean fuel, is anticipated to invigorate the market in the forecast period.

 

The increasing demand for electricity in emerging economies such as Saudi Arabia, is furthering the demand for fuel cell catalysts. Meanwhile, the flourishing manufacturing sector in Africa, aimed towards fuelling the economic growth and increasing digitalisation, is likely to provide impetus to the market in the coming years.

 

Market Segmentation

A fuel cell catalyst is a crucial component of a fuel cell as it facilitates the reaction between hydrogen and oxygen to produce water and electricity. The catalyst is rough and porous, and splits hydrogen into electrons and protons. Moreover, catalysts bolster the reaction in a fuel cell in order to increase the productivity and increase the efficiency of the cell.

 

Based on type, the market can be segmented into:

  • Platinum Based
  • Platinum Ruthenium Alloy
  • Others

 

By application, the market has been divided into:

  • Methanol Fuel Cell Catalyst
  • Reformate Fuel Cell Catalyst
  • Hydrogen Fuel Cell Catalyst
  • Others

 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Thriving Transportation Sector to Bolster the Growth of the Fuel Cell Catalyst Industry

The increasing deployment of fuel cells in delivery vehicles such as buses, trains, and trucks, is driving the fuel cell catalyst market growth. In addition to this, the thriving transportation industry in the emerging economies is propelling the demand for fuel cell catalysts.

 

Over the forecast period, there is expected to be changing customer preferences towards fuel cell vehicles instead of traditional gasoline powered vehicles, owing to the reduced emission of carbon. This is likely to boost the application of fuel cells in passenger and commercial cars, and accelerate the demand for fuel cell catalysts.

 

The market is anticipated to be aided by the technological advancements in the military and defence industry which include the induction of modern military vehicles driven by fuel cells, such as unmanned aerial vehicles (UAV) and stealth submarines. Furthermore, the increasing application of fuel cells in the consumer electronics such as smartphones and laptops, is anticipated to catapult the production of fuel cell catalysts.

 

Key Players in the Global Fuel Cell Catalyst Market

The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • Umicore
  • Tanaka Holdings Co., Ltd
  • Clariant Ltd.
  • Johnson Matthey
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Platinum Based
  • Platinum Ruthenium Alloy
  • Others
Breakup by Application
  • Methanol Fuel Cell Catalyst
  • Hydrogen Fuel Cell Catalyst
  • Reformate Fuel Cell Catalyst
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Umicore
  • Tanaka Holdings Co., Ltd
  • Clariant Ltd.
  • Johnson Matthey
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Opportunities and Challenges in the Market
8    Global Fuel Cell Catalyst Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Fuel Cell Catalyst Historical Market (2017-2021) 
    8.3    Global Fuel Cell Catalyst Market Forecast (2022-2027)
    8.4    Global Fuel Cell Catalyst Market by Type
        8.4.1    Platinum Based
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Platinum Ruthenium Alloy
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Others
    8.5    Global Fuel Cell Catalyst Market by Application
        8.5.1    Methanol Fuel Cell Catalyst
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Hydrogen Fuel Cell Catalyst
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Reformate Fuel Cell Catalyst
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Others
    8.6    Global Fuel Cell Catalyst Market by Region       
        8.6.1    North America
           8.6.1.1    Market Share
           8.6.1.2    Historical Trend (2017-2021) 
           8.6.1.3    Forecast Trend (2022-2027)
       8.6.2    Europe
           8.6.2.1    Market Share
           8.6.2.2    Historical Trend (2017-2021) 
           8.6.2.3    Forecast Trend (2022-2027)
       8.6.3    Asia Pacific
           8.6.3.1    Market Share
           8.6.3.2    Historical Trend (2017-2021) 
           8.6.3.3    Forecast Trend (2022-2027)
       8.6.4    Latin America
           8.6.4.1    Market Share
           8.6.4.2    Historical Trend (2017-2021) 
           8.6.4.3    Forecast Trend (2022-2027)
       8.6.5    Middle East and Africa
           8.6.5.1    Market Share
           8.6.5.2    Historical Trend (2017-2021) 
           8.6.5.3    Forecast Trend (2022-2027)
9    North America Fuel Cell Catalyst Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2017-2021) 
        9.1.3    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2017-2021) 
        9.2.3    Forecast Trend (2022-2027)
10    Europe Fuel Cell Catalyst Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2017-2021) 
        10.1.3    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2017-2021) 
        10.2.3    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2017-2021) 
        10.3.3    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2017-2021) 
        10.4.3    Forecast Trend (2022-2027)
    10.5    Others
11    Asia Pacific Fuel Cell Catalyst Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2017-2021) 
        11.1.3    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2017-2021) 
        11.2.3    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2017-2021) 
        11.3.3    Forecast Trend (2022-2027)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2017-2021) 
        11.4.3    Forecast Trend (2022-2027)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2017-2021) 
        11.5.3    Forecast Trend (2022-2027)
    11.6    Others
12    Latin America Fuel Cell Catalyst Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2017-2021) 
        12.1.3    Forecast Trend (2022-2027)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2017-2021) 
        12.2.3    Forecast Trend (2022-2027)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2017-2021) 
        12.3.3    Forecast Trend (2022-2027)
    12.4    Others
13    Middle East and Africa Fuel Cell Catalyst Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2017-2021) 
        13.1.3    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2017-2021) 
        13.2.3    Forecast Trend (2022-2027)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2017-2021) 
        13.3.3    Forecast Trend (2022-2027)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2017-2021) 
        13.4.3    Forecast Trend (2022-2027)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Umicore
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Tanaka Holdings Co., Ltd
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Clariant Ltd.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Johnson Matthey
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Fuel Cell Catalyst Market: Key Industry Highlights, 2017 and 2027
2.    Global Fuel Cell Catalyst Historical Market: Breakup by Type (USD Million), 2017-2021
3.    Global Fuel Cell Catalyst Market Forecast: Breakup by Type (USD Million), 2022-2027
4.    Global Fuel Cell Catalyst Historical Market: Breakup by Application (USD Million), 2017-2021
5.    Global Fuel Cell Catalyst Market Forecast: Breakup by Application (USD Million), 2022-2027
6.    Global Fuel Cell Catalyst Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global Fuel Cell Catalyst Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America Fuel Cell Catalyst Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Fuel Cell Catalyst Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Fuel Cell Catalyst Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe Fuel Cell Catalyst Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific Fuel Cell Catalyst Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific Fuel Cell Catalyst Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Latin America Fuel Cell Catalyst Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America Fuel Cell Catalyst Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa Fuel Cell Catalyst Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa Fuel Cell Catalyst Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Global Fuel Cell Catalyst Market Structure

Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 24.70% between 2022 and 2027.

The major regional markets for fuel cell catalysts are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Technological advancements in the military and defence sector owing to the rapid induction of submarines and UAVs are likely to be the key trends in the market.

The major drivers of the market include the increasing demand for fuel cells in military equipment and consumer electronics, increasing transition from traditional vehicles towards fuel cell vehicles, and rapid urbanisation.

Platinum based and platinum ruthenium alloy, among others are the are the different types based on which the market has been segmented.

Methanol fuel cell catalyst, reformate fuel cell catalyst, and hydrogen fuel cell catalyst, among others is the segmentation of market based on application.

The major players in the industry are Umicore, Tanaka Holdings Co., Ltd, Clariant Ltd., and Johnson Matthey, among others.

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