South Korea PEM Electrolysis Catalysts
Market Outlook and Forecast 2025-
: Comprehensive insight into regional dynamics, growth drivers, and market segmentation.
MARKET OVERVIEW:
Proton exchange membrane (PEM) electrolysis catalysts are critical components used to accelerate electrochemical reactions in PEM electrolyzers for efficient hydrogen production. These catalysts, typically comprising platinum group metals, facilitate both oxygen evolution reaction (OER) and hydrogen evolution reaction (HER) – the core processes in water electrolysis.
The market growth is primarily driven by South Korea's strong commitment to decarbonization and hydrogen economy development, as evidenced by the government's Hydrogen Economy Roadmap.
MARKET DYNAMICS
South Korea's Hydrogen Economy Roadmap Accelerates PEM Catalyst Demand
South Korea's ambitious national hydrogen economy strategy is significantly driving the PEM electrolysis catalysts market. The government has pledged nearly $10 billion in hydrogen-related investments by 2030, with PEM electrolyzers being a key focus area. This comprehensive roadmap aims to establish South Korea as a global hydrogen leader, supporting domestic production of 3.9 million tons of clean hydrogen annually by 2030.
MARKET OPPORTUNITIES
South Korea's Ministry of Trade, Industry and Energy has launched a $120 million national project to develop next-generation PEM catalysts, presenting significant commercial opportunities. The initiative focuses on three key areas: reduced-PGM formulations, non-PGM alternatives, and hybrid organic-inorganic catalysts.
COMPANY MISSION
The market is witnessing significant innovation in catalyst materials as researchers aim to reduce iridium content while maintaining performance. Recent breakthroughs include nanostructured catalysts with up to 50% reduction in iridium loading compared to conventional formulations. South Korean research institutions have filed 47 patents related to PEM catalysts in the past three years, indicating strong local innovation activity.
REGIONAL MARKET OUTLOOK
North America
North America, particularly the U.S. and Canada, represents a mature market for PEM electrolysis catalysts, driven by robust investments in clean hydrogen infrastructure. The U.S. Department of Energy's Hydrogen Shot Initiative, targeting $1/kg hydrogen production by 2031, is accelerating catalyst R&D. Large-scale projects like the $1.5 billion Utah hydrogen hub showcase regional demand for high-performance catalysts.
Europe
Europe leads in regulatory frameworks for green hydrogen, with the EU's REPowerEU plan mandating 10 million tons of domestic renewable hydrogen production by 2030. Germany dominates the PEM catalyst demand, accounting for nearly 40% of European installations. The region prioritizes catalyst durability and efficiency, evidenced by projects like H2Future in Austria.
COMPETITIVE LANDSCAPE
• POSCO (South Korea)
• Hyundai Motor Group (South Korea)
• Doosan Heavy Industries & Construction (South Korea)
• LG Chem (South Korea)
• Hanwha Solutions (South Korea)
The South Korean PEM electrolysis catalysts market features a dynamic competitive environment, with major conglomerates competing alongside specialized chemical and energy companies.
DOWNLOAD FREE SAMPLE PDF BROCHURE
About Us
Founded in 2015, 24chemicalresearch is a trusted name in global chemical industry intelligence. We specialize in delivering high-quality market research reports, empowering over 30+ Fortune 500 clients with data-driven insights for strategic growth. Our team of experienced analysts delivers customized, reliable, and timely research backed by a rigorous methodology. From mining regulatory trends to forecasting market opportunities, our reports help companies navigate industry challenges, stay competitive, and grow confidently.
As a one-stop platform for the chemical sector, we offer:
• Deep specialization in chemical market analysis
• Customized reports tailored to your needs
• A robust portal with free samples, consulting, and competitive insights
