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As per Inkwood Research, the Global Fuel Cell Stack
Recycling and Reuse Market is expected to grow at a CAGR of 22.36% in terms of
revenue over the forecasting period of 2024 to 2032.
“Browse 50 Market Data Tables and 49 Figures spread over
170 Pages, along with an in-depth TOC on the Global Fuel Cell Stack Recycling
and Reuse Market Forecast 2024-2032.”
Fuel cell stack recycling and reuse involve recovering
valuable materials from spent fuel cells to minimize environmental impact and
enhance resource efficiency.
Fuel cell stacks contain critical materials such as
platinum, rare earth elements, and other metals that can be reclaimed and
reused in new fuel cell production. Recycling processes typically include
dismantling the stack, separating components, and using chemical or mechanical
methods to extract metals. Reusing fuel cell components reduces the need for
raw material mining, lowers production costs, and supports the sustainability
of hydrogen fuel technologies, contributing to a more circular economy in energy
systems.
Scarcity of Precious Metals to Augment Fuel Cell Stack
Recycling & Reuse Market Growth
The scarcity of precious metals, such as platinum and
palladium, which are essential for fuel cell stacks, is a key driver of growth
in the fuel cell stack recycling and reuse market. As the availability of these
metals decreases and their prices rise, recycling becomes an economically
viable and necessary solution to recover and reuse these valuable resources.
This scarcity not only incentivizes companies to invest in advanced recycling
technologies but also encourages the development of efficient methods to
reclaim precious metals from spent fuel cells. Consequently, the demand for
recycling and reuse in the fuel cell industry is expected to grow, promoting
sustainability while reducing dependency on limited raw materials.
Hydrometallurgical Recycling to be the Key Recycling
Process by 2032
The hydrometallurgical process uses aqueous chemistry to
recover valuable metals from spent fuel cell stacks. This method typically
involves leaching, where acids or solvents dissolve the metal components,
followed by steps such as precipitation, solvent extraction, and
electro-winning to isolate and purify the metals. Unlike pyrometallurgy, which
requires high temperatures, hydrometallurgy operates at lower temperatures,
making it a more energy-efficient process. It can selectively target specific
metals, such as platinum, palladium, and other precious materials commonly
found in fuel cells, making it an effective approach for recovering these
valuable resources.
Asia-Pacific: Major Region in the Global Market
The Asia-Pacific region, especially countries like Japan,
South Korea, and China, is at the forefront of fuel cell technology adoption.
This widespread use of fuel cell vehicles (FCVs) and stationary power systems
is driving the demand for efficient recycling processes to manage the
end-of-life cycle of these cells. China, in particular, is taking the lead in
the hydrogen vehicle sector. Companies like Great Wall Motor are incorporating
recycling processes into their hydrogen strategies.
By 2025, China aims to have more than 10,000 fuel cell
vehicles on the road, supported by a domestic infrastructure focused on
recycling end-of-life fuel cells and recovering valuable materials like
platinum. Furthermore, some of the leading companies operating in the market
include Ballard Power, Bloom Energy, Cummins Inc, Doosan Corporation, etc.
Related Reports:
HYDROGEN
FUEL CELL RECYCLING MARKET
About Inkwood Research
Inkwood Research specializes in syndicated & customized
research reports and consulting services. Market intelligence studies with
relevant fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises North & South America, CEE, CIS, the Middle
East, Europe, Asia, and Africa.
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