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Europe Chemical Hydrogen Market Share

Report ID: GMI8973
Published Date: Apr 2024
Report Format: PDF

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Europe Chemical Hydrogen Market Share

Eminent players have increased investment in research and development (R&D) to enhance the hydrogen production technologies and processes. Large scale investments in innovation will support companies to improve the efficiency, scalability, and sustainability of hydrogen production methods, including electrolysis, SMR, and biomass gasification. Moreover, market players are actively investing in infrastructure development to support the growing demand for chemical hydrogen across Europe. This includes investments in hydrogen production facilities, storage terminals, distribution networks, and refueling stations, as well as the development of hydrogen hubs and clusters.

Europe Chemical Hydrogen Market Companies

Eminent players operating in the Europe Chemical Hydrogen industry are:

ACCIONA
Adani Green Energy
Air Liquide
Air Products and Chemicals, Inc.
Covestro AG
Cummins Inc.
Evonik Industries AG
Linde plc
Messer
Plug Power Inc.
RESONAC HOLDINGS CORPORATION
Solvay S.A.
Technip Energies N.V.
thyssenkrupp Uhde GmbH
VERDAGY

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of Europe chemical hydrogen was recorded USD 11.2 billion in 2023 and is expected to register 3.3% CAGR from 2024 to 2032, on account of the growing emphasis on decarbonization along with transition to a low-carbon economy.

The grey segment in the Europe chemical hydrogen market is estimated to cross over USD 9 billion by 2032 and is projected to witness substantial growth from 2024 to 2032, owing to its cost-effectiveness and widespread availability.

Netherlands chemical hydrogen industry is anticipated to be worth more than USD 1.4 billion by 2032 and is expected to expand at substantial CAGR from 2024 to 2032, due to the implementation of comprehensive measures to achieve carbon neutrality target by 2050.

ACCIONA, Adani Green Energy, Air Liquide, Air Products and Chemicals, Inc., Covestro AG, Cummins Inc., Evonik Industries AG, Linde plc, Messer, Plug Power Inc., RESONAC HOLDINGS CORPORATION, Solvay S.A., Technip Energies N.V., thyssenkrupp Uhde GmbH, VERDAGY are some of the major chemical hydrogen companies operating in Europe.