Global Fuel Processing Catalysts for Fuel Cells Market, valued at USD 1.2 billion in 2023, is projected to grow at a CAGR of 7.5%, reaching approximately USD 2.3 billion by 2030
Global Fuel Processing Catalysts for Fuel Cells Market, valued at USD 1.2 billion in 2023, is projected to grow at a CAGR of 7.5%, reaching approximately USD 2.3 billion by 2030. This growth is driven by rising demand for clean energy solutions, government initiatives promoting hydrogen fuel cells, and technological advancements in catalyst efficiency.
Fuel processing catalysts play a pivotal role in converting hydrocarbons into hydrogen-rich streams for fuel cell applications. Their importance continues to grow as industries shift toward decarbonization and renewable energy adoption, particularly in transportation and stationary power generation sectors.
