Europe Green Hydrogen and Blue Chemicals Market : Estimation, Dynamics, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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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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Report

Description

Europe Green Hydrogen and Blue Chemicals market is estimated to account at US 23.9 million in 2021 and is expected to reach USD 9,002.9 million by 2028 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. Europe Green Hydrogen and Blue Chemicals Market 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. 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.

Key Developments:

As European gas costs rise, green hydrogen sees an opportunity to profit: In March 2022, Soaring gas costs, exacerbated by the escalating conflict in Ukraine, are reinforcing arguments for the green hydrogen industry in Europe, which is now considered as having a price edge over grey or blue hydrogen alternatives derived from fossil fuels. Investors and hydrogen enterprises, on the other hand, still need legislative clarity to leverage on this advantage and begin growing.

On July 8 2020, the EU’s executive Commission aims to release its hydrogen strategy, which will serve as the foundation for EU law and funding to scale up hydrogen generation to replace fossil fuels in industries such as chemicals and transportation. In a letter sent to EU leaders on June 24 and released on Thursday, more than 30 industry groups and energy companies, including ExxonMobil, Equinor, and Uniper, urged the Commission to take a “technology-neutral” approach to its strategy, not favouring renewable hydrogen over other low-carbon versions of the fuel.

Europe Green Hydrogen and Blue Chemicals Market

MARKET SUMMARY
-
X
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– X
  • Largest Market– Europe

Europe Green Hydrogen & Blue Chemicals Market

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

Europe Green Hydrogen and Blue Chemicals Market

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


Europe Got Significant Share

Europe Green Hydrogen and 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

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size (Value & Volume), country level analysis from 2022 to 2028
  • 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
Europe Green Hydrogen and Blue Chemicals Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

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

Description

Europe Green Hydrogen and Blue Chemicals market is estimated to account at US 23.9 million in 2021 and is expected to reach USD 9,002.9 million by 2028 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. Europe Green Hydrogen and Blue Chemicals Market 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. 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.

Key Developments:

As European gas costs rise, green hydrogen sees an opportunity to profit: In March 2022, Soaring gas costs, exacerbated by the escalating conflict in Ukraine, are reinforcing arguments for the green hydrogen industry in Europe, which is now considered as having a price edge over grey or blue hydrogen alternatives derived from fossil fuels. Investors and hydrogen enterprises, on the other hand, still need legislative clarity to leverage on this advantage and begin growing.

On July 8 2020, the EU’s executive Commission aims to release its hydrogen strategy, which will serve as the foundation for EU law and funding to scale up hydrogen generation to replace fossil fuels in industries such as chemicals and transportation. In a letter sent to EU leaders on June 24 and released on Thursday, more than 30 industry groups and energy companies, including ExxonMobil, Equinor, and Uniper, urged the Commission to take a “technology-neutral” approach to its strategy, not favouring renewable hydrogen over other low-carbon versions of the fuel.

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