“Advancements in Platinum-Group Metal (PGM)-Free Catalysts”
A key trend in the fuel cell catalyst market is the development of platinum-group metal (PGM)-free catalysts. While platinum has traditionally been the standard material for fuel cell catalysts due to its high efficiency, its cost and scarcity have driven research into alternatives. PGM-free catalysts, made from abundant elements such as iron and cobalt, are becoming increasingly popular as they offer a more cost-effective solution. Companies such as BASF are leading the charge in this area, developing advanced PGM-free catalysts that maintain performance while reducing material costs. This trend is expected to drive growth in fuel cell technology adoption, particularly in automotive and energy storage applications.
