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Autothermal Reforming Blue Hydrogen Market Analysis

  • Report ID: GMI11424
  • Published Date: Sep 2024
  • Report Format: PDF

Autothermal Reforming Blue Hydrogen Market Analysis

Based on application, the market is segmented into petroleum refinery, chemical, and others. Chemical is set to grow at a CAGR of over 19% by 2032 due to its ability to produce large volumes of hydrogen efficiently, supporting continuous production. Rising pressure on chemical companies to reduce their carbon footprint makes ATR an attractive option that can enable capture of up to 99% of CO2 emissions during hydrogen production, helping chemical companies to align with stringent environmental regulations.
 

Furthermore, many chemical plants are already equipped with reformers and other hydrogen-producing technologies, making it easier to integrate ATR without the need for complete overhauls of existing systems. This compatibility with existing infrastructure reduces capital expenditure, a significant consideration for the industry when adopting new technologies.
 

Europe Autothermal Reforming Blue Hydrogen Market, 2022-2032 (USD Million)

Europe autothermal reforming blue hydrogen market is anticipated to grow over USD 127 million by 2032. Rising stringent carbon emission regulations, including the European Union’s Green Deal and the goal to achieve carbon neutrality by 2050 have accelerated the shift toward low-carbon technologies. The region also provides significant financial incentives to support hydrogen projects, including subsidies, grants, and carbon credits leading to complement process adoption. Europe’s focus on reducing its reliance on fossil fuel imports, especially natural gas, is another key driver for the product adoption.
 

In the U.S. presence of dominating steel, cement, and chemicals players and rising pressure on them to reduce carbon emissions while maintaining high energy demand is set to influence business growth. Growing incentives to boost clean fuel adoption including the 45Q tax credit, which encourages carbon capture utilization and storage projects are driving process penetration. Additionally, federal investment in hydrogen infrastructure development, such as the Department of Energy’s Hydrogen Program, supports the scale-up technology for blue hydrogen production.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of autothermal reforming blue hydrogen reached USD 58.4 million in 2023 and will register a 16.5% CAGR from 2024 to 2032, as this production process offers high carbon capture rates to align with stringent climate targets and government mandates and reduce GHG emissions.

Chemical segment is set to grow at a CAGR of over 19% through 2032, due to the ability of autothermal reforming to produce large volumes of hydrogen, supporting continuous production efficiently.

Europe market is anticipated to reach over USD 127 million by 2032, driven by thriving stringent carbon emission regulations, and accelerated shift toward low-carbon technologies.

Johnson Matthey, KBR, Lummus Technology, Linde Plc, Shell, and Technip Energies, among others.

Autothermal Reforming Blue Hydrogen Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 30
  • Countries covered: 21
  • Pages: 70
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