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Get a free sample of Europe Chemical Hydrogen Market
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Rising technological advancements coupled with improving hydrogen role as a feedstock for chemical processes will drive innovation in industries including petrochemicals, fertilizers, and steel production. Replacement of hydrogen with carbon-intensive feedstocks, reduced emissions, and increased efficiency will strengthen the market landscape. Furthermore, growing investments in hydrogen production facilities, storage terminals, distribution networks, and refueling stations will enhance the reliability, accessibility, and scalability of these solutions across the region.
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.
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.
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.