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Asia Pacific Chemical Blue Hydrogen Market Share

Report ID: GMI9328
Published Date: May 2024
Report Format: PDF

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Asia Pacific Chemical Blue Hydrogen Market Share

Asia Pacific Chemical Blue Hydrogen Company Market Share

Eminent players across the industry are investing significantly in research and development activities to enhance the existing technology and optimize production processes. Companies are focusing on advancing steam methane reforming (SMR) technologies, improving carbon capture and storage (CCS) methods, and exploring innovative approaches to increase efficiency and reduce costs. Furthermore, investment in infrastructure development is critical to increase production capacity and meet the rising demand. Companies are investing in hydrogen production facilities, upgrading existing infrastructure, and establishing supply chain networks to ensure that blue hydrogen is delivered reliably and efficiently to customers throughout the region.

Asia Pacific Chemical Blue Hydrogen Market Companies

Eminent players operating in the Asia Pacific chemical blue hydrogen industry include:

Air Products and Chemicals, Inc.
Air Liquide
Bechtel Corporation
BP p.l.c.
Exxon Mobil Corporation
Equinor ASA
ENGIE SA
Hyundai Heavy Industries Holdings
Linde plc
Petronas
Reliance Industries Limited
Shell plc
Saudi Aramco
Technip Energies N.V

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of Asia Pacific chemical blue hydrogen was reached USD 227.2 million in 2023 and is anticipated to grow at 9.8% CAGR from 2024 to 2032, driven by rising hydrogen demand across industrial sector.

The steam methane reforming segment in the Asia Pacific chemical blue hydrogen industry is anticipated to exceed USD 428.1 million by 2032, owing to the region's abundant reserves of natural gas.

Australia chemical blue hydrogen market is anticipated to surpass USD 150.2 million by 2032, attributed to robust R&D ecosystem, featuring top universities and institutions to enhance blue hydrogen production efficiency and cost-effectiveness.

Exxon Mobil Corporation, Equinor ASA, ENGIE SA, Hyundai Heavy Industries Holdings, Linde plc, Petronas, Reliance Industries Limited, Shell plc, Saudi Aramco, and Technip Energies N.V among others.