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Middle East & Africa Petroleum Refining Hydrogen Market Size - By Type (Blue, Grey, Green), Country Outlook, Forecast, 2025 – 2034

  • Report ID: GMI12468
  • Published Date: Dec 2024
  • Report Format: PDF

Middle East & Africa Petroleum Refining Hydrogen Market Size

Middle East & Africa Petroleum Refining Hydrogen Market was valued at USD 9.7 billion in 2024 and is estimated to grow at a CAGR of 10.1% from 2025 to 2034. It refers to the use of hydrogen gas in processes such as hydrocracking, hydrotreating, and desulfurization. It is employed to break down heavy hydrocarbons, remove impurities such as sulfur, nitrogen, and metals, and produce cleaner, higher-quality fuels such as gasoline, diesel, and jet fuel. Hydrogen plays a critical role in improving fuel efficiency, meeting environmental standards, and optimizing refinery operations.
 

Middle East & Africa Petroleum Refining Hydrogen Market

Rising stricter environmental regulations in the region aimed at reducing refinery emissions, will drive clean fuel adoption in refinery operations. Growing demand for ultra-low sulfur diesel (ULSD) and other low-emission fuels, aligned with the regional transition towards cleaner energy will propel product adoption.
 

Rising advancements in technology, including the implementation of modern hydro processing techniques that efficiently refine crude oil while minimizing impurities will augment product growth. Additionally, ongoing innovations in catalyst development and process design to enable more efficient hydrogen utilization and increase the capacity to produce cleaner, high-quality fuels, will further support the product's adoption.
 

Middle East & Africa Petroleum Refining Hydrogen Market Trends

Rising investments in expanding refinery capacities to meet rising regional and global energy demands in line with growing adoption of advanced hydrogen technologies in these projects for desulfurization and hydrocracking to produce high-quality fuels will foster product penetration. Growing regional shift towards sustainability supported by green hydrogen initiatives in countries such as Saudi Arabia and South Africa will further drive the industry outlook.
 

Middle East & Africa Petroleum Refining Hydrogen Market Analysis

Middle East & Africa Petroleum Refining Hydrogen Market Size, By Type, 2022-2034 (USD Billion)

Based on type, the green segment is projected to reach more than USD 8.5 billion by 2034. Increasingly stringent environmental regulations and regional efforts to curb carbon emissions are driving refineries to adopt cleaner solutions leading to boost green fuel adoption. Rising emphasis on sustainability is encouraging refineries to align with national and international carbon reduction targets, further promoting the adoption of cleaner technologies. Furthermore, improving regional initiatives in nations such as Saudi Arabia, with projects including NEOM’s green hydrogen initiative, will promote clean energy adoption in refineries to enhance their sustainability profiles and create export opportunities for low-carbon fuels to markets with stringent environmental standards.
 

Saudi Arabia Petroleum Refining Hydrogen Market Size, 2022-2034 (USD Billion)

Saudi Arabia petroleum refining hydrogen market is anticipated to reach over USD 12.4 billion by 2034. Growing country's vision in diversifying its economy by reducing dependence on oil and embracing renewable energy will create lucrative opportunities for product adoption in petroleum refineries seeking to decarbonize their operations. The presence of vast natural gas resources for blue hydrogen production in line with rising stringent international regulations, such as the IMO sulfur cap will compel refineries to adopt clean fuel.
 

In the U.S. improving federal and state-level commitments towards carbon neutrality and climate goals will propel the adoption of green fuels in refineries. Furthermore, increasing investments in technological innovations for hydrogen production, alongside heightened research and development efforts from both public and private sectors will enhance the industry outlook.
 

Middle East & Africa Petroleum Refining Hydrogen Market Share

Middle East & Africa Petroleum Refining Hydrogen Company Market Share

Eminent players are forming strategic partnerships with governments, refineries, and renewable energy developers to establish hydrogen infrastructure. This collaboration focuses on producing hydrogen from natural gas with carbon capture (blue hydrogen) for refineries and industrial use. Several major players are shifting towards green hydrogen production, especially in regions with abundant renewable energy resources. These companies aim to offer a sustainable, cost-effective alternative to hydrogen derived from natural gas and to provide clean hydrogen for petroleum refineries.
 

Middle East & Africa Petroleum Refining Hydrogen Market Companies

Eminent players operating in the Middle East & Africa petroleum refining hydrogen industry are:

  • ADNOC
  • Aramco
  • BP
  • Chevron Corporation
  • ExxonMobil
  • Indian Oil Corporation
  • Messer Group
  • Nel Hydrogen
  • Reliance Industries
  • Saudi Aramco
  • Shell UAE
     

Middle East & Africa Petroleum Refining Hydrogen Industry News

  • In July 2024, Aramco finalized agreements to acquire a stake in the Blue Hydrogen Industrial Gases Company located in Jubail. The deal includes options for Aramco to offtake hydrogen and nitrogen. This partnership aims to accelerate the hydrogen economy and establish the largest hydrogen network in the Middle East, supporting industries such as refining, chemicals, and petrochemicals.
     
  • In July 2022, Technip Energies and the National Petroleum Construction Company (NPCC) formed a joint venture, NT ENERGIES LLC, to support energy transition projects in the Middle East and North Africa. This partnership aims to offer services related to decarbonization and hydrogen solutions, including applications in petroleum refining.
     

This Middle East & Africa petroleum refining hydrogen market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue and volume in “(USD Billion & MT)” from 2021 to 2034, for the following segments:

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Market, By Type

  • Grey
  • Blue
  • Green

The above information has been provided for the following countries:

  • Saudi Arabia
  • Iran
  • UAE
  • South Africa
  • Qatar
  • Kuwait

 

Authors: Ankit Gupta , Pooja Shukla

Frequently Asked Questions (FAQ) :

The Middle East & Africa petroleum refining hydrogen market reached USD 9.7 billion in 2024 and is estimated to grow at a 10.1% CAGR from 2025 to 2034, driven by increasing refinery capacity and demand for cleaner fuels.

The green segment is projected to reach over USD 8.5 billion by 2034, due to stringent environmental regulations and regional efforts to curb carbon emissions.

Saudi Arabia's petroleum refining hydrogen market is anticipated to exceed USD 12.4 billion by 2034, led by the country's vision to diversify its economy and embrace renewable energy.

Key players include ADNOC, Aramco, BP, Chevron Corporation, ExxonMobil, Indian Oil Corporation, Messer Group, Nel Hydrogen, Reliance Industries, Saudi Aramco, and Shell UAE.

Middle East & Africa Petroleum Refining Hydrogen Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 11
  • Tables & Figures: 20
  • Countries covered: 5
  • Pages: 60
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