Rare earth hydrogen storage materials are metals that have a unique ability to reversibly absorb and release significant amounts of hydrogen from the gas phase or electrochemically. This remarkable property of these storage materials is applied in various applications, including rechargeable batteries, cooling devices, storage systems for fuel cells. Among the wide range of hydrogen storage alloys that have been studied, two groups of materials, AB5 and AB2 type alloys, have the most advantageous combination of high storage capacities and operations parameters.
AB5 alloys combine a hydride forming metal, mainly a rare earth metal such as Lanthanum, Cerium, Neodymium, Praseodymium, Yttrium or their mixture is known as Mischmetal, with a non-hydride forming element - nickel. Nickel can be mixed with other metals, such as Cobalt, Sn, or Aluminum, to improve materials stability or to adjust equilibrium hydrogen pressure and temperature required for its charging and discharging.
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Top Players in the Global Rare Earth Hydrogen Storage Materials Market:
- Frontier Rare Earths
- Greenland Minerals
- Stanford Magnets
- Montero Mining Exploration
- Arafura Resources
- Alkane Resource
- Canada Rare Earth
- Namibia Rare Earths
The mounting demand for rechargeable batteries and cooling devices has been driving the growth of the rare earth hydrogen storage materials market. Besides, the demand for renewable energy has been increasing worldwide. As a clean and efficient renewable energy, hydrogen energy is expected to play an important role in the future energy system. The utilization of this energy involves various fields, including production, application, storage and transportation, and its storage has become the main technical bottleneck restricting its wide application. Rare earth-based hydrogen storage material is a promising hydrogen storage medium and has been widely used as anode materials for commercial Ni/MH batteries because of the excellent storage and electrochemical properties.
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Market segmentation based on Product Outlook:
- Rare Earth
- NiMH Batteries
- Purify Hydrogen
- Manufacturing Heat Pump
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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