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

Chemical Liquid Hydrogen Market Trends

Report ID: GMI9390
Published Date: May 2024
Report Format: PDF

Download Free Sample

Chemical Liquid Hydrogen Market Trends

Increasing integration of clean fuel by industries into various processes including ammonia production, refining, and petrochemical manufacturing to reduce carbon emissions and enhance sustainability will create favorable market conditions for the solution. Rising innovations in hydrogen storage and transportation technologies including cryogenic storage tanks and specialized transportation vessels to handle the product safely and efficiently, enabling its wide range distribution to end user industries will give opportunities for business growth.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of chemical liquid hydrogen was reached USD 16.7 billion in 2023 and will grow at 5.6% CAGR during 2024 to 2032, driven by transition towards hydrogen economy along the development of clean energy infrastructure worldwide.

Chemical liquid hydrogen market from the SMR production segment held a decent share in 2023 and is projected to grow by more than USD 24 billion by 2032 on account of its scalability, efficiency, and cost-effectiveness.

Asia Pacific liquid hydrogen market will exceed USD 12.4 billion by 2032, fueled by rapid industrialization, sustainability initiatives and government support.

Air Liquide, Air Products and Chemicals, Inc., Ballard Power Systems Inc, Chart Industries, ENGIE, ENEOS Corporation, Hexagon Composites, Iwatani Corporation, Linde plc, Messer Group, Nel ASA, Plug Power Inc., and Total Energies among others.