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North America Chemical Blue Hydrogen Market Share
Air Products & Chemicals, Air Liquide, Bp p.l.c, Shell and Linde are some prominent players operating in the industry. Growing research and development activities aimed at advancing carbon capture technologies, leveraging hydrogen as a clean energy source for chemical applications will further support improving efficiency and reduce costs. Additionally, the manufacturers may license or transfer their technologies to other companies in exchange for royalties or other benefits. This allows them to monetize their intellectual property and expand their market reach.
North America Chemical Blue Hydrogen Market Companies
Eminent players operating in the North America Chemical Blue Hydrogen industry are:
- Air Liquide
- Air Products and Chemicals, Inc.
- BP p.l.c
- Bechtel Corporation
- Exxon Mobil Corporation
- Equinor ASA
- Linde plc
- Shell plc
- Technip Energies N.V.
- TransCanada PipeLines Limited
How big the North America chemical blue hydrogen industry?
North America chemical blue hydrogen market size was USD 310 million in 2023 and is expected to register 2.4% CAGR from 2024-2032 owing to its usage as a cleaner alternative to traditional hydrogen sources in the Haber-Bosch process.
Who are the key leaders in the chemical blue hydrogen industry from North America?
Air Liquide, Air Products and Chemicals, Inc., BP p.l.c, Bechtel Corporation, Exxon Mobil Corporation, Equinor ASA, Linde plc, Shell plc, Technip Energies N.V., and TransCanada PipeLines Limited, are some of the major chemical blue hydrogen companies in North America.
What is the size of the U.S. chemical blue hydrogen market?
The U.S. chemical blue hydrogen industry is expected to record over USD 260 million by 2032 due to increasing support and funding for hydrogen research, development, and deployment in the country.
Why is the use of chemical blue hydrogen for partial oxidation growing in North America?
North America chemical blue hydrogen market from the partial oxidation segment is expected to cross USD 40 million by 2032 due to its ability to efficiently produce hydrogen from various feedstocks, including natural gas, coal, or biomass.