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Middle East & Africa Petroleum Refining Hydrogen Market Size

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

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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.

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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.

Middle East & Africa Petroleum Refining Hydrogen Market Report Attributes
Report Attribute	Details
Base Year:	2024
Middle East & Africa Petroleum Refining Hydrogen Market Size in 2024:	USD 9.7 Billion
Forecast Period:	2024 to 2034
Forecast Period 2024 to 2034 CAGR:	10.1%
2034 Value Projection:	USD 24.2 Billion
Historical Data for:	2021 to 2023
No. of Pages:	60
Tables, Charts & Figures:	20
Segments covered:	Type and Country
Growth Drivers:	Increasing refinery capacity Demand for cleaner fuels
Pitfalls & Challenges:	High capital costs

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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.

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.