Hydrogen Storage Alloys Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Hydrogen Storage Alloys Market was valued at US$ 2,406.88 million in 2019 and is projected to reach US$ 4,535.53 million by 2027; it is expected to grow at a CAGR of 8% from 2021 to 2027.

Hydrogen storage alloys are classified into several types of intermetallic compounds, such as AB5, AB2, AB and A2B. Here, group A elements basically consist of La, Ti, Zr, Mg, etc., and B consists of Ni, Co, Fe, Mn, etc., and hydrides are thermodynamically stable and unstable, respectively. Of these, AB5 and AB2 are the most promising and widely used hydrogen storage alloys. These alloys are metallic materials with the unique ability to reversibly absorb and release significant amounts of hydrogen, either vapor or electrochemical.

Market Segments

Hydrogen Storage Alloys Market, by Application

• Rechargeable Batteries
• Cooling Devices
• Fuel Cells
• Others

Hydrogen Storage Alloys Market, by Coverage Type

• AB5
• AB2

Key Players

JMC, Merck KGaA, Ajax Tocco Magnethermic Corporation, Baotou Santoku Battery Materials Co., Ltd., Santoku Corporation, American Elements, AMG Titanium Alloys & Coatings LLC, Jiangmen Kanhoo Industry Co., Ltd, Xiamen Tungsten Co., Ltd are among the major players operating in the global Hydrogen Storage Alloys market.

Scope of the Report

The research study analyzes the global Hydrogen Storage Alloys industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Hydrogen Storage Alloys Market Report

1. What was the Hydrogen Storage Alloys Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Hydrogen Storage Alloys Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Hydrogen Storage Alloys Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.