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Autothermal Reforming Blue Hydrogen Market Size

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

Autothermal Reforming Blue Hydrogen Market Size

Autothermal Reforming Blue Hydrogen Market size was valued at USD 58.4 million in 2023 and is estimated to grow at a CAGR of 16.5% from 2024 to 2032. It is a process used to produce hydrogen by reacting hydrocarbons, typically natural gas, with oxygen and steam. In ATR, both partial oxidation and steam reforming reactions occur simultaneously in a single reactor, generating a synthesis gas composed of hydrogen, carbon monoxide, and carbon dioxide. For blue hydrogen production, ATR is coupled with carbon capture and storage technology to capture and sequester the CO2 produced during the process.

 

Rising demand for blue hydrogen production processes offering high carbon capture rates to align with stringent climate targets and government mandates and reduce greenhouse gas emissions will drive the product adoption. Increasing penetration of processes that can produce large-scale hydrogen cost-effectively for large industrial applications, including refineries, chemical plants, and energy-intensive industries are set to influence the industry growth.
 

The process flexibility to use different feedstocks including natural gas, heavier gases and biogas, allowing companies to adapt to different market conditions and resource availability will propel process penetration. Increasing governments and industries’ commitment towards net-zero emissions coupled with rising pressure on companies to decarbonize will boost process demand as a practical, scalable, and efficient solution for reducing emissions while meeting hydrogen demand.

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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