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Chemical Hydrogen Market Share

Report ID: GMI7898
Published Date: Jan 2024
Report Format: PDF

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Chemical Hydrogen Market Share

Partnerships and mergers enable companies to pool resources and expertise for the development of advanced hydrogen production and utilization technologies. This includes the improvement of existing processes and the exploration of novel methods. International collaborations, joint ventures, and mergers can provide the financial and operational support needed to scale up hydrogen production facilities in the chemical industry. Furthermore, companies can work together to establish a comprehensive and efficient supply chain for hydrogen in the chemical industry.

Chemical Hydrogen Market Companies

Eminent players operating in the chemical hydrogen industry are:

Air Products and Chemicals, Inc.
Air Liquide
thyssenkrupp Uhde GmbH
RESONAC HOLDINGS CORPORATION
Linde plc
Technip Energies N.V.
Reliance Industries Limited
Plug Power Inc.
Cummins Inc.
Adani Green Energy
Messer
Ally Hi-Tech Co., Ltd.
VERDAGY
ACCIONA

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of chemical hydrogen was worth over USD 42.8 billion in 2023 and is anticipated to surpass USD 69.7 billion by 2032, driven by the growing emphasis towards green hydrogen production using renewable energy sources along with increasing investments.

The blue hydrogen market share will register gains at nearly 9% up to 2032, driven by intense demand of hydrogen as a feedstock for ammonia and methanol manufacturing in line with significant government measures to reduce carbon footprint.

Europe chemical hydrogen industry reach USD 15.1 billion by 2032, driven by growing public awareness toward transitioning to clean energy sources and reducing carbon footprint.

Air Products and Chemicals, Inc., Air Liquide, thyssenkrupp Uhde GmbH, RESONAC HOLDINGS CORPORATION, Linde plc, Technip Energies N.V., Reliance Industries Limited, Plug Power Inc., Cummins Inc., Adani Green Energy, Messer, Ally Hi-Tech Co., Ltd. are some of the major industry contenders.