Europe Green Hydrogen & Blue Chemicals Market : Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2026

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Europe Green Hydrogen & Blue Chemicals Market: By Product (Green H2, Blue H2, & Blue NH3), Application (Stationary, Mobility, & Consumables), and Geography (Austria, Germany, UK, France, Italy, Spain & Rest of Europe)

 

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Description

Europe Green Hydrogen & Blue Chemicals Market:

Europe Green Hydrogen & Blue Chemicals market is estimated to account at US 23.8 Mn in 2021 and is expected to reach USD 9,002.8 Mn by 2026 to rise in R&D for the development of electrolyzes and strong demand for green hydrogen and blue chemicals from different application areas across the Europe region. Growing partnerships/collaborations among electrolyser manufacturers, gas producing companies, gas infrastructure companies, Universities/research Institutes across Europe is also anticipated to support the adoption of these electrolyser and expected to increase the production and as well consumption of green hydrogen in near future In addition, growing interest among companies and increasing focus of governments to reduce carbon emission by adopting technologies, like CCS technologies, is further promoting the growth of blue hydrogen in near future

Growing number of Hydrogen Refueling stations (HRSs) across Europe

At current period (2019-2020), Germany is the only country which has the highest number of HRS around 100 HRSs followed by France, UK, Spain, with 20-25, 18 to 20, & 6 to 20 HRSs, respectively. Whereas the remaining countries like Austria, Norway, Belgium, Netherlands, & Denmark are having low number of HRSs ranging from 3 to 10. During 2021 to 2022 all major Europe countries are anticipated to increase the number of HRSs from previously existing number. Whereas, during 2023-2025, further increase in number of HRSs are anticipated and Germany, UK, & Spain are expected to offer huger opportunities for green H2. And beyond 2025 period, the range of HRSs are expected to increase from more than 500 to 1,000 and it can be varied from country. Such rising number of HRSs is anticipated to drive the market growth for green H2 in mobility sector in Europe during forecast period.

France is anticipated to occupy the major market share in the Europe Green Hydrogen & Blue Chemicals Market

In 2021, France is anticipated to attain the major market share in the Europe Green Hydrogen & Blue Chemicals market followed by UK, and Italy. Currently, the consumption of hydrogen in the country is significantly high, for instance French industry is one of the major consumers of hydrogen, consuming around 920,000 tons of hydrogen is being used in refining, chemicals, fertilizer, and metallurgy per annum. However, this hydrogen is sourced from natural gas/coal and majorly used for industry. Moreover, The country has initiated certain strategies to encourage low carbon hydrogen or zero carbon hydrogen producing technologies, as the demand for hydrogen is expected to increase in coming years

Competition Assessment

  • Air Liquide
  • Air Products
  • Linde Group
  • Yara International ASA
  • Hy2gen AG
  • Lhyfe

Europe Green Hydrogen & Blue Chemicals market is escalating owing to implementation of certain strategies by key players to promote the production and consumption of Green Hydrogen & Blue Chemicals to meet the demands of the customers in the market. For instance,

  • In 20120, Air Liquide Planned to install high pressure HRS for low carbon H2 and can be used for large trucks across Europe. This HRS is anticipated to be operation by 2022
  • In 2020, Air Products entered into an Exclusive Strategic Cooperation Agreement with thyssenkrupp. These focus on key regions around the world, including Europe, to develop global scale electrolysis plant to produce and supplying green hydrogen

Europe Green Hydrogen & Blue Chemicals Market Report Description:

Europe Green Hydrogen & Blue Chemicals market report gives comprehensive outlook on Green Hydrogen & Blue Chemicals across the Europe with special emphasis on key countries such as Austria, Germany, UK, France, Italy, Spain, and rest of Europe. The report gives future market sizes in terms of value (US$ Mn) and volume (Thousand tons) based on product, application, and country. This report studies Europe Green Hydrogen & Blue Chemicals market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the report includes the production of green hydrogen and blue chemicals. Key stakeholders of the report include gas producers & suppliers, electrolyzer manufacturers, policy makers, and service providers engaged in Europe Green Hydrogen & Blue Chemicals products.

Key Findings of the Report:

  • Europe Green Hydrogen & Blue Chemicals market is estimated to show USD 23.8 Mn in 2021 and projected to reach USD 9,002.8 Mn by 2026 and 10 thousand tons in 2021 and expected to reach 4,599 thousand tons by 2026
  • Based on country, France is estimated to account for largest market share in terms of value and volume 2021 and projected gain market revenue share over the forecast period
  • Players focusing on increasing the production of green hydrogen and adopting low carbon technologies to produce blue chemicals

Key Features of the Report:

  • The report provides granular level information about the market size (Value & Volume), country level analysis from 2021 to 2026
  • The report covers in-detail insights about the competitor’s overview, key product offerings, key market developments, and their key strategies
  • The report outlines drivers, restraints, opportunities, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and emergence of companies that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework

Detailed Segmentation

Product

  • Green H2
  • Blue H2
  • Blue NH3

Application

  • Stationary
  • Mobile
  • Consumables

Country

  • Austria
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe

 


Location

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