Green Hydrogen And Blue Chemicals Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028) (Copy)

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Green Hydrogen and Blue Chemicals Market: By Product (Green H2, Blue H2, Blue NH3), By Application (Consumables, Mobility, Stationary), and Geography

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Report

Description

The green hydrogen and blue chemicals market is valued at USD 92.3 million in 2021 and is expanded to grow at a significant CAGR of 7.9% over 2022-2028. Factors such as the decreasing cost of creating renewable energy from all sources, developing electrolysis technologies, and strong demand from FCEVs and the power industry are driving the market. Green hydrogen-powered vehicles are ideal for mining equipment, railroads, planes, trucks, buses, and maritime transport. It is the most efficient way for advanced countries to meet their zero-carbon commitments. Green hydrogen is gaining popularity due to its zero-emission manufacturing process, which may be used to replace traditional hydrogen such as grey, blue, and brown. Because green hydrogen reduces the cost of creating renewable energy, it is being used by various end-users, including mobility, chemical, electricity, grid injection, and others. The global green hydrogen market is developing all over the world as a result of the factors above. Focusing on alliances/partnerships/joint ventures/collaborations growing number of FCEVs & HRSs creates opportunities for the marketers. Consumables segment is expected to gain the major market share 96.6% (value) & 94.9% (volume) in 2022 with a value of USD 82.8 million & 38.6 (thousand tons) in 2022. Whereas the mobility segment is anticipated to show the fastest growth rate, from 222.8% in 2023 to 348.4% by 226 (value growth) and from 229.8% in 2023 to 356.9% by 2026 (volume growth)

Recent Market Developments:

In October 2021, Lhyfe, a French green hydrogen startup, announced that it has secured USD 58 million in a Series A investment round headed by SWEN Capital Partners and Banque des Territoires, with participation from its original investors.

In October 2021, ABB and PERIC, China’s top hydrogen electrolyzers manufacturer, signed a Memorandum of Understanding (MoU) to expedite green hydrogen’s more extensive use as an energy source.

Hydrogen And Blue Chemicals Market

MARKET SUMMARY
-
7.9%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 7.9%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market–  Europe

Hydrogen And Blue Chemicals Market

  • The global green hydrogen and blue chemicals market report gives comprehensive outlook on hydrogen fluoride across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global green hydrogen and blue chemicals market gives historical, current, and future market sizes (US$ Mn) on product, application, and geography.
Key Players
  • Air Liquide
  • Air Products
  • Linde Group
  • Hy2gen AG
  • Lhyfe
Hydrogen And Blue Chemicals Market Dynamics

The growing number of production plants existence of pipeline projects drives the market. Moreover, increasing use in the mobility industry and growing investments in manufacturing a large amount of green hydrogen, and achieving net-zero carbon emissions are the key factors driving the growth of green hydrogen. High cost for low carbon or zero carbon h2 and high capital investments hampers the market.


Europe Got Significant Share

Hydrogen And Blue Chemicals Market

In 2020, Europe had the most significant share of the market owing to the industry's solid, lengthy infrastructure and a wide range of possibilities. Furthermore, the cost of renewable generation is falling, yet another factor pushing its growth in Europe. The Asia Pacific region is the green hydrogen market's fastest-expanding region due to its potential to create vast facilities for storing green hydrogen.

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

Key

Features of the Report

  • The green hydrogen and blue chemicals market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Green Hydrogen And Blue Chemicals Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The hydrogen and blue chemicals market is projected to expand at a CAGR of 7.9% during the forecast period.

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

Europe is the fastest-growing region for hydrogen and blue chemicals market


Report

Table Of Content

1. Executive Summary
2. Global Green Hydrogen & Blue Chemicals Market Introduction
2.1. Global Green Hydrogen & Blue Chemicals Market – Taxonomy
2.2. Global Green Hydrogen & Blue Chemicals Market –Definitions
2.2.1. By Product
2.2.2. By Application
2.2.3. By Region
3. Global Green Hydrogen & Blue Chemicals Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Challenges
3.6. Regulatory Frameworks/Political
3.7. Technology Analysis
3.8. Global Green Hydrogen & Blue Chemicals Market Dynamic Factors – Impact Analysis
3.9. Global Green Hydrogen & Blue Chemicals Market – Competition Landscape
4. Global Green Hydrogen & Blue Chemicals Market Analysis, 2022- 2028
4.1. Market Analysis, 2022- 2028 (Revenue, USD Mn) & Volume (000’s Tons)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Green Hydrogen & Blue Chemicals Market, By Product, 2022- 2028 (Revenue, USD Mn) & Volume (000’s Tons)
5.1. Green H2
5.1.1. Market Analysis, 2022- 2028 (Revenue, USD Mn) & Volume (000’s Tons)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Blue H2
5.2.1. Market Analysis, 2022- 2028 (Revenue, USD Mn) & Volume (000’s Tons)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Blue NH3
5.3.1. Market Analysis, 2022- 2028 (Revenue, USD Mn) & Volume (000’s Tons)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Green Hydrogen & Blue Chemicals Market, By Application, 2022- 2028 (Revenue, USD Mn) & Volume (000’s Tons)
6.1. Stationary
6.1.1. Market Analysis, 2022- 2028 (Revenue, USD Mn) & Volume (000’s Tons)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Mobility
6.2.1. Market Analysis, 2022- 2028 (Revenue, USD Mn) & Volume (000’s Tons)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Consumables
6.3.1. Market Analysis, 2022- 2028 (Revenue, USD Mn) & Volume (000’s Tons)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Green Hydrogen & Blue Chemicals Market Forecast, By Region, 2022- 2028 (Revenue, USD Mn) & Volume (000’s Tons)
7.1. North America
7.2. Europe
7.3. Asia Pacific
7.4. Latin America
7.5. The Middle East and Africa
7.6. Global Green Hydrogen & Blue Chemicals Market – Opportunity Analysis Index, Y-O-Y Analysis, and Market share Analysis
7.7. Country Level Insights Analysis
8. Competition Landscape 
8.1. Strategic Dashboard of Top Market Players Assessment
8.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis)
8.2.1. Air Liquide
8.2.2. Air Products
8.2.3. Linde Group
8.2.4. Yara International ASA
8.2.5. Hy2gen AG
8.2.6. Lhyfe
8.3. Top Players in R&D and Digital Solutions
8.3.1. Leading Enterprises in R&D
8.3.2. Leading Research & Technology Organizations ( RTOs) in R&D
8.3.3. Leading Universities in R&D
8.3.4. Digital Solutions & Digitalizations
9. Projects Analysis, Networking Platforms Analysis, Material Challenges, Emerging Markets, Patents Analysis
10. Research Methodology
11. Key Assumptions and Acronyms

 


Report

Company Profile

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

Description

The green hydrogen and blue chemicals market is valued at USD 92.3 million in 2021 and is expanded to grow at a significant CAGR of 7.9% over 2022-2028. Factors such as the decreasing cost of creating renewable energy from all sources, developing electrolysis technologies, and strong demand from FCEVs and the power industry are driving the market. Green hydrogen-powered vehicles are ideal for mining equipment, railroads, planes, trucks, buses, and maritime transport. It is the most efficient way for advanced countries to meet their zero-carbon commitments. Green hydrogen is gaining popularity due to its zero-emission manufacturing process, which may be used to replace traditional hydrogen such as grey, blue, and brown. Because green hydrogen reduces the cost of creating renewable energy, it is being used by various end-users, including mobility, chemical, electricity, grid injection, and others. The global green hydrogen market is developing all over the world as a result of the factors above. Focusing on alliances/partnerships/joint ventures/collaborations growing number of FCEVs & HRSs creates opportunities for the marketers. Consumables segment is expected to gain the major market share 96.6% (value) & 94.9% (volume) in 2022 with a value of USD 82.8 million & 38.6 (thousand tons) in 2022. Whereas the mobility segment is anticipated to show the fastest growth rate, from 222.8% in 2023 to 348.4% by 226 (value growth) and from 229.8% in 2023 to 356.9% by 2026 (volume growth)

Recent Market Developments:

In October 2021, Lhyfe, a French green hydrogen startup, announced that it has secured USD 58 million in a Series A investment round headed by SWEN Capital Partners and Banque des Territoires, with participation from its original investors.

In October 2021, ABB and PERIC, China’s top hydrogen electrolyzers manufacturer, signed a Memorandum of Understanding (MoU) to expedite green hydrogen’s more extensive use as an energy source.

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