What is Fuel Cell Catalyst Market?
Catalyst is the medium, which speeds up the on-going reaction and delivers high performance. Platinum and platinum alloys are very effective tools in accelerating the chemical reaction of hydrogen fuel cells. Platinum is the only metal that can withstand acid conditions inside such a cell, but it is expensive, and this limits the wide, massive use of fuel cells.
The market study is being classified by Type (Platinum-Based, Platinum Ruthenium Based, Palladium Based, Iridium Based and Other), by Application (Methanol Fuel Cell Catalyst, Hydrogen Fuel Cell Catalyst, Reformate Fuel Cell Catalyst and Others) and major geographies with country level break-up.
BASF SE (Germany), Amalyst (United States), Pajarito Powder & boomtime (New Mexico), Alfa Aesar, Thermo Fisher Scientific. (United States), Premetek Co. (United States), Cataler corp. (Japan), Umicore Automotive Catalyst (Germany), Fuelcellmaterials (United States) and Johnson Matthey Fuel Cells (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Tanaka Precious Metals (United States).
The global market for Fuel Cell catalysts is fragmented by major players leading to more efficient fuel cell catalyst production. Emerging players should be focusing on the innovation in the catalyst, which is based on materials based on other than platinum. Cost-effectiveness and work efficiency should always be the main goal, as options that are more economical will always be preferred by the masses. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Fuel Cell Catalyst market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Fuel Cell Catalyst market by Type, Application and Region.
On the basis of geography, the market of Fuel Cell Catalyst has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The need for High-Performance Fuel Cell in Automotive and Many Electrical Applications
- Increasing Popularity and Inclination towards Electrical Vehicles and Reduction of Carbon Emission
Restraints
- High Capital Requirement for Platinum-Based Catalyst
Opportunities
- Replacement Catalyst Material Other than Platinum with More Efficiency for Cost Efficiency and Extended Work Load Withstanding Power
Challenges
- Commercial Trials and Approval for the Newer Material testing and Application That Can be used as Catalyst
Market Leaders and some development strategies
TANAKA KIKINZOKU KOGYO K.K. announces that the business unit of the Plating company of the group Electroplating Engineers of Japan Ltd. (EEJA) will be merged with Mitomo Semicon Engineering Co., Ltd. This initiative is aimed at strengthening the structure of our business, improving the value of our company, and providing improved services to customers.
Key Target Audience
Fuel Cell Catalyst Manufacturer, Fuel Cell Manufactures, Fuel Cell Powered Automotive Manufacturer, Catalyst Suppliers and Others