The global Hydrogen Storage Alloy market size was US$ 278 million in 2024 and is forecast to a readjusted size of US$ 438 million by 2031 with a CAGR of 6.8% during the forecast period 2025-2031.
Hydrogen Storage Alloy (HSA) is a type of alloy that can absorb and release hydrogen gas reversibly. It works by forming a metal hydride, a solid-state compound, when hydrogen is absorbed. This process allows for the safe and efficient storage of hydrogen, a crucial element in clean energy technologies. HSAs are particularly useful in applications like fuel cell vehicles and portable energy devices.
Hydrogen Storage Alloy has wide range of applications, such as Battery Industry, Energy Storage Industry. Battery Industry was the most widely used applications which took up about 88.2% of the global total market. However, in recent years, more and more solid-state hydrogen storage solutions have begun to use hydrogen storage alloys because the application of the hydrogen storage industry will grow faster in the next few years.
China and Japan are the two largest regions of Hydrogen Storage Alloy in the world in the past few years and it will keep increasing in the next few years. This two regions took up about 92.1% of the global market, while China and Japan were about 60.5%, 31.6%. There are currently more than 20 companies in the Chinese market engaged in the production of hydrogen storage alloys, with an overall production capacity of nearly 40,000 tons. However, the capacity utilization rate is not high. Currently, China's hydrogen storage alloy output is less than 15,000 tons.
The Hydrogen Storage Alloy market is relatively fragmented. Santoku, Japan Metals & Chemicals, XTC New Energy, China Northern Rare Earth, Jiangxi Tungsten Holding, etc. are the key suppliers in the global Hydrogen Storage Alloy market. CR5 took up about 59% of the global market.
The global Hydrogen Storage Alloy market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
Market Segmentation
By Company:
Santoku
American Elements
Nippon Denko
Mitsui-Kinzoku
Advanced Refractory Metals
Japan Metals & Chemicals
Zhongke Xueda New Energy Technology
Shenjiang Technology
Whole Win
AE&M JITRI
Xiamen Tungsten
Baotou FDK
China Northern Rare Earth
Jiangxi Tungsten
By Type: (Dominant Segment vs High-Margin Innovation)
AB5 Type
AB2 Type
AB Type
A2B Type
Others
By Application: (Core Demand Driver vs Emerging Opportunity)
Battery Industry
Energy Storage Industry
By Region
Macro-Regional Analysis: Market Size & Growth Forecasts
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Market Deep Dive: Strategic Insights
- Competitive Landscape: Player dominance vs. disruptors (e.g., Santoku in Europe)
- Emerging Product Trends: AB5 Type adoption vs. AB2 Type premiumization
- Demand-Side Dynamics: Battery Industry growth in China vs. Energy Storage Industry potential in North America
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Markets:
North America
Europe
China
Japan
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Hydrogen Storage Alloy market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., AB2 Type in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Energy Storage Industry in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Hydrogen Storage Alloy value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Market Overview
1.1 Hydrogen Storage Alloy Product Scope
1.2 Hydrogen Storage Alloy by Type
1.2.1 Global Hydrogen Storage Alloy Sales by Type (2020 & 2024 & 2031)
1.2.2 AB5 Type
1.2.3 AB2 Type
1.2.4 AB Type
1.2.5 A2B Type
1.2.6 Others
1.3 Hydrogen Storage Alloy by Application
1.3.1 Global Hydrogen Storage Alloy Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Battery Industry
1.3.3 Energy Storage Industry
1.4 Global Hydrogen Storage Alloy Market Estimates and Forecasts (2020-2031)
1.4.1 Global Hydrogen Storage Alloy Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Hydrogen Storage Alloy Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Hydrogen Storage Alloy Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Hydrogen Storage Alloy Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Hydrogen Storage Alloy Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Hydrogen Storage Alloy Sales Market Share by Region (2020-2025)
2.2.2 Global Hydrogen Storage Alloy Revenue Market Share by Region (2020-2025)
2.3 Global Hydrogen Storage Alloy Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Hydrogen Storage Alloy Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Hydrogen Storage Alloy Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Hydrogen Storage Alloy Market Size and Prospective (2020-2031)
2.4.2 Europe Hydrogen Storage Alloy Market Size and Prospective (2020-2031)
2.4.3 China Hydrogen Storage Alloy Market Size and Prospective (2020-2031)
2.4.4 Japan Hydrogen Storage Alloy Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Hydrogen Storage Alloy Historic Market Review by Type (2020-2025)
3.1.1 Global Hydrogen Storage Alloy Sales by Type (2020-2025)
3.1.2 Global Hydrogen Storage Alloy Revenue by Type (2020-2025)
3.1.3 Global Hydrogen Storage Alloy Price by Type (2020-2025)
3.2 Global Hydrogen Storage Alloy Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Hydrogen Storage Alloy Sales Forecast by Type (2026-2031)
3.2.2 Global Hydrogen Storage Alloy Revenue Forecast by Type (2026-2031)
3.2.3 Global Hydrogen Storage Alloy Price Forecast by Type (2026-2031)
3.3 Different Types Hydrogen Storage Alloy Representative Players
4 Global Market Size by Application
4.1 Global Hydrogen Storage Alloy Historic Market Review by Application (2020-2025)
4.1.1 Global Hydrogen Storage Alloy Sales by Application (2020-2025)
4.1.2 Global Hydrogen Storage Alloy Revenue by Application (2020-2025)
4.1.3 Global Hydrogen Storage Alloy Price by Application (2020-2025)
4.2 Global Hydrogen Storage Alloy Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Hydrogen Storage Alloy Sales Forecast by Application (2026-2031)
4.2.2 Global Hydrogen Storage Alloy Revenue Forecast by Application (2026-2031)
4.2.3 Global Hydrogen Storage Alloy Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Hydrogen Storage Alloy Application
5 Competition Landscape by Players
5.1 Global Hydrogen Storage Alloy Sales by Players (2020-2025)
5.2 Global Top Hydrogen Storage Alloy Players by Revenue (2020-2025)
5.3 Global Hydrogen Storage Alloy Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Hydrogen Storage Alloy as of 2024)
5.4 Global Hydrogen Storage Alloy Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Hydrogen Storage Alloy, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Hydrogen Storage Alloy, Product Type & Application
5.7 Global Key Manufacturers of Hydrogen Storage Alloy, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Hydrogen Storage Alloy Sales by Company
6.1.1.1 North America Hydrogen Storage Alloy Sales by Company (2020-2025)
6.1.1.2 North America Hydrogen Storage Alloy Revenue by Company (2020-2025)
6.1.2 North America Hydrogen Storage Alloy Sales Breakdown by Type (2020-2025)
6.1.3 North America Hydrogen Storage Alloy Sales Breakdown by Application (2020-2025)
6.1.4 North America Hydrogen Storage Alloy Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Hydrogen Storage Alloy Sales by Company
6.2.1.1 Europe Hydrogen Storage Alloy Sales by Company (2020-2025)
6.2.1.2 Europe Hydrogen Storage Alloy Revenue by Company (2020-2025)
6.2.2 Europe Hydrogen Storage Alloy Sales Breakdown by Type (2020-2025)
6.2.3 Europe Hydrogen Storage Alloy Sales Breakdown by Application (2020-2025)
6.2.4 Europe Hydrogen Storage Alloy Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Hydrogen Storage Alloy Sales by Company
6.3.1.1 China Hydrogen Storage Alloy Sales by Company (2020-2025)
6.3.1.2 China Hydrogen Storage Alloy Revenue by Company (2020-2025)
6.3.2 China Hydrogen Storage Alloy Sales Breakdown by Type (2020-2025)
6.3.3 China Hydrogen Storage Alloy Sales Breakdown by Application (2020-2025)
6.3.4 China Hydrogen Storage Alloy Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Hydrogen Storage Alloy Sales by Company
6.4.1.1 Japan Hydrogen Storage Alloy Sales by Company (2020-2025)
6.4.1.2 Japan Hydrogen Storage Alloy Revenue by Company (2020-2025)
6.4.2 Japan Hydrogen Storage Alloy Sales Breakdown by Type (2020-2025)
6.4.3 Japan Hydrogen Storage Alloy Sales Breakdown by Application (2020-2025)
6.4.4 Japan Hydrogen Storage Alloy Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Santoku
7.1.1 Santoku Company Information
7.1.2 Santoku Business Overview
7.1.3 Santoku Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Santoku Hydrogen Storage Alloy Products Offered
7.1.5 Santoku Recent Development
7.2 American Elements
7.2.1 American Elements Company Information
7.2.2 American Elements Business Overview
7.2.3 American Elements Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.2.4 American Elements Hydrogen Storage Alloy Products Offered
7.2.5 American Elements Recent Development
7.3 Nippon Denko
7.3.1 Nippon Denko Company Information
7.3.2 Nippon Denko Business Overview
7.3.3 Nippon Denko Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Nippon Denko Hydrogen Storage Alloy Products Offered
7.3.5 Nippon Denko Recent Development
7.4 Mitsui-Kinzoku
7.4.1 Mitsui-Kinzoku Company Information
7.4.2 Mitsui-Kinzoku Business Overview
7.4.3 Mitsui-Kinzoku Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Mitsui-Kinzoku Hydrogen Storage Alloy Products Offered
7.4.5 Mitsui-Kinzoku Recent Development
7.5 Advanced Refractory Metals
7.5.1 Advanced Refractory Metals Company Information
7.5.2 Advanced Refractory Metals Business Overview
7.5.3 Advanced Refractory Metals Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Advanced Refractory Metals Hydrogen Storage Alloy Products Offered
7.5.5 Advanced Refractory Metals Recent Development
7.6 Japan Metals & Chemicals
7.6.1 Japan Metals & Chemicals Company Information
7.6.2 Japan Metals & Chemicals Business Overview
7.6.3 Japan Metals & Chemicals Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Japan Metals & Chemicals Hydrogen Storage Alloy Products Offered
7.6.5 Japan Metals & Chemicals Recent Development
7.7 Zhongke Xueda New Energy Technology
7.7.1 Zhongke Xueda New Energy Technology Company Information
7.7.2 Zhongke Xueda New Energy Technology Business Overview
7.7.3 Zhongke Xueda New Energy Technology Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Zhongke Xueda New Energy Technology Hydrogen Storage Alloy Products Offered
7.7.5 Zhongke Xueda New Energy Technology Recent Development
7.8 Shenjiang Technology
7.8.1 Shenjiang Technology Company Information
7.8.2 Shenjiang Technology Business Overview
7.8.3 Shenjiang Technology Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Shenjiang Technology Hydrogen Storage Alloy Products Offered
7.8.5 Shenjiang Technology Recent Development
7.9 Whole Win
7.9.1 Whole Win Company Information
7.9.2 Whole Win Business Overview
7.9.3 Whole Win Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Whole Win Hydrogen Storage Alloy Products Offered
7.9.5 Whole Win Recent Development
7.10 AE&M JITRI
7.10.1 AE&M JITRI Company Information
7.10.2 AE&M JITRI Business Overview
7.10.3 AE&M JITRI Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.10.4 AE&M JITRI Hydrogen Storage Alloy Products Offered
7.10.5 AE&M JITRI Recent Development
7.11 Xiamen Tungsten
7.11.1 Xiamen Tungsten Company Information
7.11.2 Xiamen Tungsten Business Overview
7.11.3 Xiamen Tungsten Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Xiamen Tungsten Hydrogen Storage Alloy Products Offered
7.11.5 Xiamen Tungsten Recent Development
7.12 Baotou FDK
7.12.1 Baotou FDK Company Information
7.12.2 Baotou FDK Business Overview
7.12.3 Baotou FDK Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Baotou FDK Hydrogen Storage Alloy Products Offered
7.12.5 Baotou FDK Recent Development
7.13 China Northern Rare Earth
7.13.1 China Northern Rare Earth Company Information
7.13.2 China Northern Rare Earth Business Overview
7.13.3 China Northern Rare Earth Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.13.4 China Northern Rare Earth Hydrogen Storage Alloy Products Offered
7.13.5 China Northern Rare Earth Recent Development
7.14 Jiangxi Tungsten
7.14.1 Jiangxi Tungsten Company Information
7.14.2 Jiangxi Tungsten Business Overview
7.14.3 Jiangxi Tungsten Hydrogen Storage Alloy Sales, Revenue and Gross Margin (2020-2025)
7.14.4 Jiangxi Tungsten Hydrogen Storage Alloy Products Offered
7.14.5 Jiangxi Tungsten Recent Development
8 Hydrogen Storage Alloy Manufacturing Cost Analysis
8.1 Hydrogen Storage Alloy Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Hydrogen Storage Alloy
8.4 Hydrogen Storage Alloy Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Hydrogen Storage Alloy Distributors List
9.3 Hydrogen Storage Alloy Customers
10 Hydrogen Storage Alloy Market Dynamics
10.1 Hydrogen Storage Alloy Industry Trends
10.2 Hydrogen Storage Alloy Market Drivers
10.3 Hydrogen Storage Alloy Market Challenges
10.4 Hydrogen Storage Alloy Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
Santoku
American Elements
Nippon Denko
Mitsui-Kinzoku
Advanced Refractory Metals
Japan Metals & Chemicals
Zhongke Xueda New Energy Technology
Shenjiang Technology
Whole Win
AE&M JITRI
Xiamen Tungsten
Baotou FDK
China Northern Rare Earth
Jiangxi Tungsten
Ìý
Ìý
*If Applicable.
