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Petroleum Refining Blue Hydrogen Market Share
Air Products and Chemicals, Inc., Exxon Mobil, Shell, Air Liquide, BP p.l.c and Air Liquide are some leading industry players. Technology providers and energy companies are looking to vertically integrate their operations and capture value across the hydrogen value chain, from production to distribution. Companies may further form strategic partnerships to collaborate on research and development, pilot projects, or commercialization efforts for blue hydrogen production technologies, thereby augmenting the business landscape.
Petroleum Refining Blue Hydrogen Market Companies
Some of the major key players operating across the petroleum refining blue hydrogen industry are:
- Air Products and Chemicals, Inc.
- BP p.l.c
- Exxon Mobil Corporation
- Shell plc
- Air Liquide
- Technip Energies N.V.
- TOPSOE
- Equinor
- Johnson Matthey
- SK E&S
How much is the petroleum refining blue hydrogen market worth?
The market size of petroleum refining blue hydrogen was reached USD 1.24 billion in 2023 and is set to grow at 8% CAGR during 2024 to 2032, driven by continued advancements in SMR and ATR technologies.
Why is the demand for steam methane petroleum refining blue hydrogen rising?
Petroleum refining blue hydrogen market from the steam methane reforming production process segment will exceed USD 1.8 billion by 2032, driven by emissions trading systems that create financial incentives for industries to reduce CO2 emissions.
Why is the use of petroleum refining blue hydrogen rising in Europe?
Europe petroleum refining blue hydrogen market size will cross USD 870 million by 2032, owing to the ambitious targets set to reduce greenhouse gas emissions.
Who are the major petroleum refining blue hydrogen industry players?
Air Products and Chemicals, Inc., BP p.l.c, Exxon Mobil Corporation, Shell plc, Air Liquide, Technip Energies N.V., TOPSOE, Equinor, Johnson Matthey, and SK E&S among others.