Core Insights - Hydrogen storage alloys are critical materials in the hydrogen energy industry due to their high safety, volumetric hydrogen density, and long-cycle stability [1][2] - China has established a complete hydrogen storage alloy industry chain driven by rare earth resources and strong policies, featuring upstream resource monopolization, midstream technological iteration, and downstream diverse applications [1][8] - The global hydrogen storage alloy market is dominated by rare earth-based alloys, with rapid iterations of magnesium-based, titanium-based, and solid-state materials [1][9] Industry Overview - Hydrogen storage alloys (HSA) are special functional materials capable of reversible absorption and release of hydrogen under normal conditions, forming metal hydrides for safe and efficient hydrogen storage [2][3] - The main hydrogen storage methods include high-pressure gas storage, low-temperature liquid storage, and solid-state storage using hydrogen alloys, each with its advantages and disadvantages [5][6] Technological Development - Current mainstream hydrogen storage methods are compared, highlighting solid-state hydrogen storage alloys as the leading technology due to their safety and volumetric density [5][6] - The preparation methods for hydrogen storage alloys significantly influence their microstructure and hydrogen absorption performance, with various techniques available [7] China's Industry Background - Hydrogen is a key carrier for building a new energy system and achieving carbon neutrality, with hydrogen storage alloys being essential materials supported by national strategies and policies [8] - The Chinese government has implemented comprehensive policies to promote the hydrogen energy industry, including standards for solid-state hydrogen storage alloys [8] Industry Chain Structure - The Chinese hydrogen storage alloy industry chain features upstream resource monopolization, midstream technological advancements, and diverse downstream applications, with companies like Xiamen Tungsten and China Rare Earth Group leading the midstream [8][9] - The industry is characterized by close cooperation among upstream, midstream, and downstream enterprises, forming a collaborative innovation model [8] Global and Domestic Market Analysis - The global hydrogen storage alloy industry is at a critical juncture of technological breakthroughs and large-scale applications, with a projected market size of $440 million by 2030 [9] - China's hydrogen storage alloy sector has seen significant advancements in technology and enterprise layout, focusing on high capacity, low working temperature, and long cycle life [9][10] Future Trends - The future of China's hydrogen storage alloy industry will focus on technological innovation, industry integration, and international competition [11][12][14] - Technological innovation will lead to performance upgrades, with a focus on developing new multi-component alloy systems and optimizing kinetic performance [11] - Industry integration will involve increased mergers and acquisitions, creating industry leaders and enhancing overall competitiveness [12] - In international competition, Chinese enterprises will leverage their scale and resource advantages while addressing high-end technology gaps through increased R&D investment [14]