The market demand for hydrogen energy continues to increase, which is good for the development of the hydrogen storage materials industry

Hydrogen storage materials refer to a type of material that can react with hydrogen at a certain temperature and pressure and can reversibly absorb and release hydrogen. Hydrogen is the most common element in nature. Hydrogen energy has the characteristics of no pollution, good thermal conductivity, good combustion performance, fast combustion speed, and high energy density. It is an efficient and clean energy source. In recent years, its application fields have been extensive. However, hydrogen usually exists in gaseous form. Hydrogen is flammable, explosive, and easy to diffuse. Therefore, the development of hydrogen storage materials is the core to ensure the safety of hydrogen storage and transportation.

There are many types of hydrogen storage materials. According to different principles, hydrogen storage materials can be divided into physical adsorption materials and chemical hydrogen storage materials. According to different structures, physical adsorption materials can be divided into metal-organic frameworks and carbon materials including activated carbon, nanotubes, etc.; according to different materials, chemical hydrogen storage materials can be divided into rare earth, magnesium, titanium, etc. Metal oxides and organic liquid oxides. Among them, rare earth hydrogen storage materials are currently the mainstream products in the domestic hydrogen storage materials market, with a market share of nearly 91%.

In recent years, the scale of domestic production and sales of hydrogen storage materials has fluctuated. In terms of output, judging from the output of rare earth hydrogen storage materials, the largest subdivision of hydrogen storage materials, according to data from the Ministry of Industry and Information Technology, the output of rare earth hydrogen storage materials in 2021 will be 10,778 tons, a year-on-year increase of 16.7 %; in terms of scale, according to the “In-depth Market Research and Investment Analysis Report on Hydrogen Storage Materials Industry in 2022” released by the Industrial Research Center Currently, one of the largest application markets for domestic hydrogen storage materials is hydrogen fuel cells. Driven by the development of the new energy vehicle industry, the domestic hydrogen storage materials market will be approximately 880 million yuan in 2021, with a year-on-year growth of approximately 15.9%. At this stage, the supply and demand of domestic hydrogen storage materials are basically balanced, and the industry has broad prospects for development.

Hydrogen storage materials are a technology- and capital-intensive industry. At present, leading domestic hydrogen storage material companies have emerged, including Xiamen Tungsten Industry, Antai Technology, Northern Rare Earth, Sihui Dabowen, Xinpu New Materials, Guangsheng Nonferrous Metals, and Jiangxi Tungsten Industry , Rare Ao Shares, etc. Among them, the five companies with the largest domestic hydrogen storage material production capacity in 2021 are Xiamen Tungsten Industry, Sihui Dabowen, Xinpu New Materials, Jiangxi Tungsten Industry, and Rare Ao Group. The total production capacity of the five companies accounts for more than 60% of the total domestic production capacity. The industry Concentration is high.

Industry analysts personnel said that hydrogen energy, as a green and environmentally friendly clean energy, has huge market development potential in the future, but it is subject to the common form of easy Inflammable and explosive characteristics must be matched by safe and efficient hydrogen storage materials. Therefore, in recent years, driven by the increasing demand in the domestic hydrogen energy market, the domestic market demand for hydrogen storage materials has continued to increase, and my country’s hydrogen storage materials industry has good development prospects. Hydrogen storage materials are the key to effectively solving hydrogen storage and transportation problems. In the future, the development of large-capacity, safe, reliable, and highly reversible hydrogen storage materials will be the main direction of industry development.