The global hydrogen storage alloy market is valued at US$ 3,431.8 million in 2024 and is projected to grow at a robust CAGR of 8.5%, reaching US$ 8,352.3 million by 2035. Hydrogen, as a clean and versatile energy source, is gaining momentum globally, driven by the need for sustainable energy solutions and the transition to clean energy. Hydrogen storage alloys play a critical role in this shift, enabling compact and safe storage of hydrogen for various applications. Key drivers of global sales include rising environmental awareness, a shift towards green energy, and technological advancements in material science. Countries like the U.S. and China are at the forefront of the hydrogen storage alloy market, with significant market projections and investments in infrastructure. The U.S. market is expected to reach US$ 816.9 million by 2025, while China is projected to reach US$ 1,251.7 million by 2035. The competitive landscape is robust, with companies like American Elements, Air Liquide, and APWORKS leading the way in material innovation and storage system development. In August 2024, APWORKS introduced Scalmalloy CX, a cutting-edge material for cryogenic hydrogen applications. This highlights the industry's focus on next-gen material science to meet evolving energy needs efficiently. The hydrogen storage alloy market is segmented by classes, applications, end-user industries, and regions, reflecting its diverse applications in industries like automotive, energy, aerospace, and electronics. Overall, the market's positive sentiment towards hydrogen as a sustainable energy source is driving innovation and growth in the sector.