North America Chemical Blue Hydrogen Market Analysis

North America Chemical Blue Hydrogen Market Analysis

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Based on technology, the market is segmented into SMR, ATR and partial oxidation. Partial oxidation is projected to grow by more than USD 400 million by 2032 on account of its ability to efficiently produce hydrogen from various feedstocks, including natural gas, coal, or biomass. Further, it provides an alternative method for hydrogen production, particularly in regions where other options including steam methane reforming (SMR) may not be suitable or cost effective. Moreover, growing investment in partial oxidation with CCS technologies can support drive innovation and technological development in the field of CCS, leading to advancements that will continue to drive the business momentum.

Blue hydrogen produced through SMR with CCS offers a low carbon alternative to traditional hydrogen production methods, helping industries reduce their carbon footprint. It is a well-established and mature technology used for hydrogen production, accounting for the majority of blue hydrogen production. Additionally, coupling SMR with CCS for blue hydrogen production can support leverage the existing infrastructure and expertise, thereby strengthening the market landscape.

The U.S. chemical blue hydrogen market is anticipated to grow by more than USD 0.26 billion by 2032 fueled by the set ambitious goals to reduce greenhouse gas emissions and growing requirement for of hydrogen as a feedstock or for process heating. Increasing support and funding for hydrogen research, development, and deployment will drive the product demand. Furthermore, introduction of programs comprising the DOE's Hydrogen and Fuel Cell Technologies Office along with various federal initiatives aim to advance blue hydrogen technologies, thereby fueling the product adoption.

Canada has abundant natural gas resources, that serve as a feedstock for blue hydrogen production. Established expertise in natural gas extraction and processing, enables the country to become a significant producer of blue hydrogen, thereby creating significant growth prospects. Furthermore, growing support and funding for hydrogen research, development, and deployment with introduction of initiatives & funding programs comprising the Hydrogen Strategy for Canada and the Clean Growth Program aim to accelerate the blue hydrogen development across the country.