According to a market report by Lucintel, the future of the global hydrogen fuel cell catalyst market looks promising with opportunities in the hydrocarbon fuel cell and hydrogen-oxygen fuel cell applications. The global hydrogen fuel cell catalyst market is expected to reach an estimated $1.0 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are growing demand for zero-emission vehicles and augmenting environmental concerns.

In this market, platinum type and nickel type are the major segments of hydrogen fuel cell catalyst market by type.

Lucintel forecasts that platinum is expected to witness highest growth over the forecast period due to its rising usage to improve the reactive surface area when scattered uniformly and significant application in many electrochemical reactions.

Within this market, hydrogen fuel cell will remain the largest segment due to its wide usage in producing energy, heat, and water as they are carbon-free and pure.

North America is expected to witness highest growth over the forecast period due to rising use of fuel-cell-powered automobiles in the region.

Vision Group, Advanced Technology, Sunrise Power, Tanaka Holdings, Umicore, Johnson Matthey, and Nisshinbo are the major suppliers in the hydrogen fuel cell catalyst market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com