Global PEM Hydrogen Production Catalyst Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global PEM Hydrogen Production Catalyst market size was valued at US$ 116 million in 2023 and is forecast to a readjusted size of USD 203 million by 2030 with a CAGR of 8.6% during review period.

PEM (Proton Exchange Membrane) hydrogen production catalysts are materials used in PEM water electrolyzers to accelerate the electrochemical reactions that split water into hydrogen and oxygen. These catalysts are typically composed of precious metals, primarily platinum (Pt) at the cathode (hydrogen evolution reaction, HER) and iridium (Ir) or ruthenium (Ru) oxides at the anode (oxygen evolution reaction, OER). They facilitate the transfer of electrons and protons, reducing the overpotential required for the electrolysis process and improving its efficiency.

The industry trend for PEM hydrogen production catalysts is driven by the increasing demand for high-efficiency, compact, and dynamic hydrogen production systems. Several key trends are shaping this field:

Reducing iridium loading at the anode: Iridium is a scarce and expensive metal, making it a major cost driver for PEM electrolyzers. A significant research focus is on reducing the iridium loading at the anode while maintaining or improving performance. Strategies include developing Ir alloys, core-shell structures with Ir on the surface, and novel support materials that enhance Ir utilization.

Developing non-precious metal OER catalysts: Extensive research is dedicated to developing non-precious metal catalysts for the OER, such as transition metal oxides, perovskites, and other materials. These materials offer the potential for significant cost reduction but often face challenges in terms of activity, stability, and corrosion resistance in the acidic PEM environment.

Improving platinum utilization at the cathode: While platinum is more abundant than iridium, improving its utilization at the cathode is still important for cost reduction and performance enhancement. This involves optimizing catalyst particle size, morphology, and distribution on the electrode support.

Enhancing catalyst durability and stability: The acidic environment and high operating potentials in PEM electrolyzers can lead to catalyst degradation. Therefore, improving catalyst durability and stability is crucial for long-term performance. This involves developing protective coatings, stable support materials, and strategies to mitigate corrosion and catalyst dissolution.

Developing advanced electrode structures: The performance of PEM catalysts is also influenced by the electrode structure. Researchers are exploring advanced electrode structures, such as porous transport layers (PTLs) with optimized pore size distribution and conductivity, to improve mass transport and catalyst utilization.

This report is a detailed and comprehensive analysis for global PEM Hydrogen Production Catalyst market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global PEM Hydrogen Production Catalyst market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2019-2030

Global PEM Hydrogen Production Catalyst market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2019-2030

Global PEM Hydrogen Production Catalyst market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2019-2030

Global PEM Hydrogen Production Catalyst market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for PEM Hydrogen Production Catalyst

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global PEM Hydrogen Production Catalyst market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Clariant, Heraeus, Umicore, Johnson Matthey, TANAKA Precious Metals, Jiping New Energy, Suzhou Qingdong, Zhongke Cotrun New Energy, Xi'an Catalyst New Materials, Hangzhou Fumei, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

PEM Hydrogen Production Catalyst market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Platinum-Based
Other Alloys

Market segment by Application
Low Power PEM Electrolyzer
Megawatt PEM Electrolyzer

Major players covered
Clariant
Heraeus
Umicore
Johnson Matthey
TANAKA Precious Metals
Jiping New Energy
Suzhou Qingdong
Zhongke Cotrun New Energy
Xi'an Catalyst New Materials
Hangzhou Fumei

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe PEM Hydrogen Production Catalyst product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of PEM Hydrogen Production Catalyst, with price, sales quantity, revenue, and global market share of PEM Hydrogen Production Catalyst from 2019 to 2024.

Chapter 3, the PEM Hydrogen Production Catalyst competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the PEM Hydrogen Production Catalyst breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and PEM Hydrogen Production Catalyst market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of PEM Hydrogen Production Catalyst.

Chapter 14 and 15, to describe PEM Hydrogen Production Catalyst sales channel, distributors, customers, research findings and conclusion.