수소 제조 촉매 : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the hydrogen production catalysts market size was valued at USD 1.16 billion in 2025 and is estimated to grow from USD 1.25 billion in 2026 to reach USD 1.82 billion by 2031, at a CAGR of 7.78% during the forecast period (2026-2031).

Global Hydrogen Production Catalysts Market Trends and Insights

Green Hydrogen and Electrolyzer Deployment

Electrolyzer deployment is a major demand driver for the hydrogen production catalysts market. Installed electrolysis capacity doubled in 2025 and surpassed 4 gigawatts globally, while more than 2.5 gigawatts were under construction for commissioning in 2026. China supports demand for alkaline stacks and the nickel and iridium catalysts used within them. This scale lowers alkaline stack costs, but it also puts pressure on suppliers that sell catalyst materials without supplying the wider stack. Proton exchange membrane systems represented 66% of installed water electrolysis in Europe in 2024, concentrating regional demand on iridium-based anode catalysts. Air Liquide's 200-megawatt ELYgator project in the Netherlands and Repsol's 100-megawatt Cartagena project reached a final investment decision in 2025, providing visible demand anchors for European suppliers. The European Union Renewable Energy Directive III provides clearer hydrogen targets for industry and transport, which support purchasing decisions through 2030.

Hydrogen Fuel-Cell Adoption in Mobility and Distributed Power

Hydrogen fuel-cell adoption in transport and distributed power supports catalyst demand beyond hydrogen generation assets. The global fuel cell vehicle fleet approached 100,000 units by mid-2025, and more than 1,300 hydrogen refueling stations were operating. Heavy-duty truck deployments grew 72% from 2023 to 2025, increasing demand for platinum catalyst coatings. Stationary power also creates a route for catalyst recovery when fuel cells reach the end of their vehicle life. Honda began a joint demonstration with Tokuyama Corporation and Mitsubishi Corporation in August 2025 that used by-product hydrogen to power a data center through repurposed automotive fuel cells. Toyota Motor North America stated in May 2026 that it planned to deploy fuel-cell-powered Class 8 trucks in commercial logistics fleets by early 2027, and its third-generation fuel cell stacks achieved American National Standards Institute and Canadian Standards Association Fuel Cell 1 certification.

High Cost of Platinum-Group-Metal Catalysts

High costs for platinum-group-metal catalysts are an immediate restraint on the hydrogen production catalysts market. Total platinum-group-metal demand in 2025 was projected at 231.9 metric tons, compared with a supply of 180.6 metric tons, creating a deficit that raised baseline catalyst costs. Platinum reached an intraday high of USD 91,176 per kilogram in January 2026, compared with an average of USD 41,000 per kilogram in 2025. This price movement increases the capital cost of proton exchange membrane electrolyzer stacks because precious-metal catalyst materials account for a meaningful share of the stack bill of materials. Cost sensitivity is particularly high where project costs are paid in US dollars, but revenue is earned in local currencies. Evonik Industries AG has stated that customers who own their precious metal do not face higher platinum-containing catalyst prices, although synthesis losses can still raise effective costs. Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) requirements in Europe add compliance costs for platinum-group-metal catalyst workflows.

Other drivers and restraints analyzed in the detailed report include:

1. Catalyst Loading Reduction and Precious-Metal Utilization
2. Advancement in Catalyst Activity, Durability, and Energy Efficiency
3. Iridium and High-Purity Titanium Supply Constraints

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Platinum-based catalysts accounted for 50.12% of the hydrogen production catalysts market size in 2025. This position reflected long-standing use in steam methane reforming cathode applications, fuel cell membrane electrode assemblies, and hydrocarbon refining reactions. These demand pools are unlikely to contract at the same time, which supports recurring consumption through the platinum supply chain. Platinum-based catalysts, therefore, remain important to near-term revenue even as new electrolysis technologies scale. Iridium-based catalysts are projected to advance at an 8.23% CAGR through 2031. Their growth is tied to proton exchange membrane electrolysis, where iridium oxide remains the established anode catalyst under acidic and highly oxidative conditions.

TANAKA PRECIOUS METAL GROUP Co., Ltd. received Japan's 2025 Catalyst Manufacturers Association Technology Award for developing and commercializing a dual-function electrode catalyst. The design combines oxygen evolution reaction and gas recombination functions in proton exchange membrane water electrolysis. It addresses hydrogen crossover while enabling thinner membranes. Nickel-based catalysts continue to serve alkaline electrolysis and steam methane reforming, where cost and availability often matter more than precious-metal performance per gram. Other catalyst types include ruthenium-based, cobalt-based, and emerging non-precious formulations. The European Union Critical Raw Materials Act classifies iridium as a strategic raw material, strengthening the incentive to diversify catalyst portfolios.

Complete Report Scope:

• By Type
  • Platinum-Based Catalysts
  • Nickel-Based Catalysts
  • Iridium-Based Catalysts
  • Other Catalyst Types
• By Production Technology
  • Steam Methane Reforming (SMR)
  • Alkaline Water Electrolysis
  • Proton Exchange Membrane (PEM) Water Electrolysis
  • Other Production Technologies
• By End-Use
  • Ammonia Production
  • Petroleum Refining
  • Methanol Production
  • Other End-Uses
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle-East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle-East and Africa

Geography Analysis

Asia-Pacific accounted for 37.88% of the hydrogen production catalysts market in 2025 and is projected to advance at an 8.61% CAGR through 2031. China supports regional catalyst demand through its ammonia and methanol base. It consumed an estimated 8,000 to 12,000 metric tons of secondary reforming catalysts annually and commissioned nearly 65% of global installed electrolysis capacity. This pattern favors nickel-based catalysts because China emphasizes alkaline electrolysis for large domestic projects. India is expanding planned ammonia capacity by 4 to 6 million metric tons per year through 2030, which will require additional catalyst supply. Japan and South Korea retain demand for high-purity platinum-group-metal formulations through fuel cell vehicle fleets and hydrogen programs.

South Korea held 36% of the global fuel cell vehicle fleet in 2025, supporting continued demand for platinum-based fuel cell catalysts. JERA and Denso began a solid oxide electrolysis demonstration in September 2025 at Nishi-Nagoya Power Plant. The project used vehicle-derived solid oxide electrolyzer cell technology to produce hydrogen with 10% lower electricity consumption than conventional electrolysis methods. North America and Europe represented half of the remaining global market. The United States retains refinery hydrogen demand and private investment from Hyundai, Toyota, and Cummins in fuel cell module programs. Canada's oil sands requirements and Mexico's refinery base provide additional demand for reforming catalysts.

Europe's policy framework is shaping the technology mix for the hydrogen production catalysts market. Renewable Energy Directive III requires 42% of industrial hydrogen to come from renewable sources by 2030, which supports proton exchange membrane electrolysis demand. The Critical Raw Materials Act's strategic designation of iridium is influencing procurement approaches. BASF commissioned Germany's largest 54-megawatt proton exchange membrane electrolyzer in Ludwigshafen in March 2025, with the capacity to produce up to 1 metric ton of hydrogen per hour. South America, and Middle-East and Africa remain smaller demand pools, but green hydrogen exports and refining create project pipelines. Saudi Arabia's NEOM Green Hydrogen Project includes a 2.2-gigawatt electrolyzer, creating a concentrated future demand event for catalyst materials. Axens expanded its Axens Catalyst Arabia Limited site in Saudi Arabia in April 2025 to produce tail gas treatment catalysts locally.

1. 3M
2. Axens
3. BASF
4. CLARIANT
5. De Nora S.p.A.
6. Evonik Industries AG
7. Heraeus Precious Metals
8. Honeywell International Inc.
9. Johnson Matthey
10. Shell plc
11. TANAKA PRECIOUS METAL GROUP Co., Ltd.
12. Topsoe A/S
13. Umicore

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Green Hydrogen and Electrolyzer Deployment
  • 4.2.2 Hydrogen Fuel-Cell Adoption in Mobility and Distributed Power
  • 4.2.3 Catalyst Loading Reduction and Precious-Metal Utilization
  • 4.2.4 Catalyst-Coated Membrane and Catalyst Recycling Integration
  • 4.2.5 Advancement in Catalyst Activity, Durability, and Energy Efficiency
• 4.3 Market Restraints
  • 4.3.1 High Cost of Platinum-Group-Metal Catalysts
  • 4.3.2 Iridium and High-Purity Titanium Supply Constraints
  • 4.3.3 Durability and Qualification Challenges for Non-Precious Catalysts
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces Analysis
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry

5 Market Size and Growth Forecasts (Value)

• 5.1 By Type
  • 5.1.1 Platinum-Based Catalysts
  • 5.1.2 Nickel-Based Catalysts
  • 5.1.3 Iridium-Based Catalysts
  • 5.1.4 Other Catalyst Types
• 5.2 By Production Technology
  • 5.2.1 Steam Methane Reforming (SMR)
  • 5.2.2 Alkaline Water Electrolysis
  • 5.2.3 Proton Exchange Membrane (PEM) Water Electrolysis
  • 5.2.4 Other Production Technologies
• 5.3 By End-Use
  • 5.3.1 Ammonia Production
  • 5.3.2 Petroleum Refining
  • 5.3.3 Methanol Production
  • 5.3.4 Other End-Uses
• 5.4 By Geography
  • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
  • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
  • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Rest of Europe
  • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
  • 5.4.5 Middle-East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle-East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)/Ranking Analysis
• 6.4 Company Profiles (includes Global Overview, Market Overview, Core Segments, Financials as available, Strategic Information, Products and Services, and Recent Developments)
  • 6.4.1 3M
  • 6.4.2 Axens
  • 6.4.3 BASF
  • 6.4.4 CLARIANT
  • 6.4.5 De Nora S.p.A.
  • 6.4.6 Evonik Industries AG
  • 6.4.7 Heraeus Precious Metals
  • 6.4.8 Honeywell International Inc.
  • 6.4.9 Johnson Matthey
  • 6.4.10 Shell plc
  • 6.4.11 TANAKA PRECIOUS METAL GROUP Co., Ltd.
  • 6.4.12 Topsoe A/S
  • 6.4.13 Umicore

7 Market Opportunities and Future Outlook

• 7.1 White-Space and Unmet-Need Assessment