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Chemical Merchant Hydrogen Generation Market Trends

Report ID: GMI11064
Published Date: Aug 2024
Report Format: PDF

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Chemical Merchant Hydrogen Generation Market Trends

Increasing chemical companies shift towards adopting flexible and scalable delivery mode, allowing them to adjust their hydrogen supply based on production changes, seasonal demand fluctuations, or expansions without investing in their production facilities are fostering the business growth. Furthermore, rising companies focus on their core competencies and primary business activities encouraging them to outsource hydrogen supply thus reducing the risk associated with building and operating their own hydrogen production plants, thereby complementing the industry statistics.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of chemical merchant hydrogen generation was worth about USD 13.6 billion in 2023 and is anticipated to record a 7.5% CAGR during 2024 to 2032, driven by rising technological improvements in hydrogen production.

The steam reformer segment of the chemical merchant hydrogen generation market is projected to be worth more than USD 22 billion by 2032, on account of its higher efficiency, operational reliability, and easy integration with carbon capture.

Asia Pacific chemical merchant hydrogen generation market is anticipated to cross over USD 15.5 billion by 2032, driven by rapid industrialization and urbanization.

Air Liquide , ADNOC, Axpo Holding AG, Ballard Power Systems, Cummins Inc among others.