Global PEM Fuel Cell Catalysts Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global PEM Fuel Cell Catalysts market size was valued at US$ 358 million in 2024 and is forecast to a readjusted size of USD 919 million by 2031 with a CAGR of 14.6% during review period.

In a PEM Fuel Cell, hydrogen fuel is oxidized at the anode where electrons are separated from protons on the surface of a precious metal catalyst. The protons pass through the membrane to the cathode side of the cell while the electrons travel in an external circuit, generating the electrical output of the cell. On the cathode side, another precious metal catalyst combines the protons and electrons with oxygen (from the air) to produce water, which is expelled as the only waste product. The fuel cells typically use a platinum catalyst to speed up the reaction at the oxygen electrode. The report studies catalysts used in Proton-exchange membrane fuel cells.

1.Market Competition：

The representative players in global PEM Fuel Cell Catalysts market are Tanaka, Johnson Matthey, Umicore, Clariant and VINATech, accounting for 76% market share in terms of revenues in 2023. The market concentration rate is high. Players are concentrated in Europe and Japan.

2. Regions Comparison

The representative production regions in this market are Europe and Japan, with more than 60% market share in 2023 and representative consumption regions are North America, Europe and Asia-Pacific, with 95% market share in 2023. China has great potential demand.

3. Product Classification

PEM Fuel Cell Catalysts mainly includes Platinum-based and Non-platinum types. Platinum-based accounting 96% market share in terms of sales in 2023. Pt and Platinum–ruthenium catalysts are widely used as anode materials in polymer electrolyte fuel cells.

The fuel cells typically use a platinum catalyst to speed up the reaction at the oxygen electrode, but platinum is expensive. Nisshinbo’s new catalyst is comprised of a carbon alloy, which replaces its use of platinum. The carbon alloy has been heated so that it has the same structure of conventional platinum catalysts. This allows the material to be used in a similar fashion, allowing fuel cell systems to generate electricity effectively. This carbon alloy catalyst has been used by Ballard Power Systems for a portable fuel cell since 2017.

4. Downstream Market

PEM Fuel Cell Catalysts is mainly used in Transportation (such as automobiles, buses, utility vehicles), Stationary Power (Backup power systems) and Portable Power. The representative application is Transportation, accounting 64% market share in terms of sales in 2023.

Governments worldwide are implementing policies and incentives to promote clean energy technologies and reduce greenhouse gas emissions. These policies support the growth of fuel cell technologies and the production of PEM Fuel Cell Catalysts. Initiatives to build hydrogen production, distribution, and refueling infrastructure enhance the fuel cell market, thereby driving the PEM Fuel Cell Catalysts market.

This report is a detailed and comprehensive analysis for global PEM Fuel Cell Catalysts 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 2025, are provided.

Key Features:

Global PEM Fuel Cell Catalysts market size and forecasts, in consumption value ($ Million), sales quantity (Kg), and average selling prices (US$/Kg), 2020-2031

Global PEM Fuel Cell Catalysts market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kg), and average selling prices (US$/Kg), 2020-2031

Global PEM Fuel Cell Catalysts market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kg), and average selling prices (US$/Kg), 2020-2031

Global PEM Fuel Cell Catalysts market shares of main players, shipments in revenue ($ Million), sales quantity (Kg), and ASP (US$/Kg), 2020-2025

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 Fuel Cell Catalysts

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 Fuel Cell Catalysts 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 Johnson Matthey, Tanaka, Umicore, Nisshinbo, VINATech, Clariant, BASF, Cataler, Heraeus, ENY-Mobility, etc.

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

Market Segmentation

PEM Fuel Cell Catalysts market is split by Type and by Application. For the period 2020-2031, 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
Non-platinum

Market segment by Application
Transportation
Stationary Power
Portable Power

Major players covered
Johnson Matthey
Tanaka
Umicore
Nisshinbo
VINATech
Clariant
BASF
Cataler
Heraeus
ENY-Mobility
Wuhan Himalaya
Kunshan Sunlaite
Ningbo Zhongke
SuZhou Hydrogine Power Technology Co

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 Fuel Cell Catalysts product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of PEM Fuel Cell Catalysts, with price, sales quantity, revenue, and global market share of PEM Fuel Cell Catalysts from 2020 to 2025.

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

Chapter 4, the PEM Fuel Cell Catalysts breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

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 2020 to 2031.

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 2020 to 2025.and PEM Fuel Cell Catalysts market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

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 Fuel Cell Catalysts.

Chapter 14 and 15, to describe PEM Fuel Cell Catalysts sales channel, distributors, customers, research findings and conclusion.