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Captive Chemical Hydrogen Generation Market Trends

Report ID: GMI11146
Published Date: Aug 2024
Report Format: PDF

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Captive Chemical Hydrogen Generation Market Trends

Rising pressure on chemical companies to reduce their carbon footprint and reliance on fossil fuels, are set to influence the business landscape. Furthermore, global supply chain for hydrogen can be volatile, with potential disruptions due to geopolitical issues, transportation challenges, or market fluctuations. This risk can be managed by generating on site clean fuel that can also maintain continuous operations without interruptions caused by external supply constraints, thereby enhancing supply chain resilience and operational stability.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of captive chemical hydrogen generation was worth over USD 74.9 billion in 2023 and is set to register 6.2% CAGR from 2024 to 2032, due to the rising chemical industry focus on reducing their dependency on external suppliers worldwide.

Captive chemical hydrogen generation industry from the electrolysis segment is expected to showcase about 6.8% CAGR from 2024 to 2032, due to rising demand for processes that can produce hydrogen without emitting carbon dioxide when powered by renewable energy sources.

Asia Pacific captive chemical hydrogen generation industry is poised to reach USD 88 billion by 2032, due to rising demand for clean fuel for chemical process such as ammonia production, refining, and petrochemical synthesis in the region.

Air Liquide, Air Products and Chemicals, Fluor Corporation, Linde plc, McPhy Energy, Nel Hydrogen, Plug Power Inc, SFC Energy AG, Technip Energies, and Yara International ASA, are some of the major captive chemical hydrogen generation companies worldwide.