Home > Energy & Power > Emerging Energy Technologies > Hydrogen > Asia Pacific Chemical Liquid Hydrogen Market

Asia Pacific Chemical Liquid Hydrogen Market Trends

Report ID: GMI9524
Published Date: May 2024
Report Format: PDF

Download Free Sample

Asia Pacific Chemical Liquid Hydrogen Market Trends

Increasing deployment of hydrogen refueling infrastructure to support the commercialization of fuel cell electric vehicles (FCEVs) and other hydrogen powered transportation modes is enhancing the business trajectory. Rising technological advancements in clean source production and storage technologies coupled with increasing innovations including electrolysis, steam methane reforming (SMR), and advanced storage solutions will augment the product competitiveness.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of Asia Pacific chemical liquid hydrogen was reached USD 7.8 billion in 2023 and will grow at 5.3% CAGR during 2024 to 2032, driven by rising investments in fueling the hydrogen economy and achieving decarbonization goals.

The SMR process segment in the Asia Pacific chemical liquid hydrogen market held a decent share in 2023 and will exceed USD 11 billion by 2032, owing to its scalability and flexibility.

Australia chemical liquid hydrogen market will cross more than USD 1.1 billion by 2032, driven by rising investments in infrastructure and technology development.

Air Products and Chemicals, Inc, Air Liquide, Ballard Power Systems Inc, Chart Industries, ENEOS Corporation, ENGIE, Hyosung Corporation, INOX India Limited, Iwatani Corporation, Linde plc, and Nel ASA among others.