Home > Energy & Power > Emerging Energy Technologies > Hydrogen > Chemical Blue Hydrogen Market

Chemical Blue Hydrogen Market Share

Report ID: GMI7887
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Chemical Blue Hydrogen Market Share

Collaborations and agreements between energy companies, technology providers, and industrial consumers are driving the growth of Chemical Blue hydrogen. Joint ventures and cooperative efforts aim to scale up production capacities and make blue hydrogen more accessible. Additionally, the strategic partnerships enable companies to share the financial burden and risks associated with scaling up production capacities while they can better navigate regulatory landscapes, access government incentives, and contribute to achieving national and international decarbonization goals.

Chemical Blue Hydrogen Market Companies

Major players operating across the chemical blue hydrogen industry include:

Air Liquide
Shell plc
Bechtel Corporation
BP p.l.c.
Exxon Mobil Corporation
Equinor ASA
Technip Energies N.V
Linde plc
Air Products and Chemicals, Inc.
Reliance Industries Limited

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of chemical blue hydrogen was worth USD 700 million in 2023 and is anticipated to reach more than USD 2.1 billion by 2032, due to the rising focus on the reduction of greenhouse gas emissions worldwide.

Chemical blue hydrogen market from the steam methane reforming technology segment is set to grow at over 10.5% CAGR from 2024 to 2032, due to its cost-effectiveness, high conversion efficiency and established energy security.

North America chemical blue hydrogen industry size is likely to exceed USD 400 billion by 2032, owing to extensive R&D activities for the introduction of several projects supported by government to cut emissions.

Some of the key chemical blue hydrogen firms are Air Liquide, Shell plc, Bechtel Corporation, BP p.l.c., Exxon Mobil Corporation, Equinor ASA, Technip Energies N.V, Linde plc, Air Products and Chemicals, Inc., and Reliance Industries Limited