Global Hydrogen Market Report 2024-2028, By Production Process, Application And Region: Growing Demand For Hydrochloric Acid And Upsurge In Pharmaceutical Industry

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Sept. 06, 2024 (GLOBE NEWSWIRE) -- The "Global Hydrogen market (by Production Process, Application & Region): Insights & Forecast (2024-2028)" report has been added to ResearchAndMarkets.com's offering.

The global hydrogen market is expected to record a value of US$219.23 billion in 2028, progressing at a CAGR of 6.09%, over the period 2024-2028.

The market experienced growth accruing to several factors such as rising consumption of agricultural fertilizers, escalating demand in metallurgical industries, mounting concerns regarding carbon emissions worldwide, surging demand for electricity generation and upswing in margarine demand. However, the market growth would be challenged by high cost of hydrogen production & transportation, storage of hydrogen and health effects of hydrogen.

A few notable trends may include expanding demand from oil refineries, rapid expansion of aerospace industry, surging production of hydrogen fuel cell electric vehicles, growing demand of hydrochloric acid and upsurge in pharmaceutical industry.
The global hydrogen market is categorized on the basis of production process and application. According to production process, the market can be split into natural gas steam reforming, coal gasification, oil partial oxidation and water electrolysis. The global hydrogen market can be bifurcated into ammonia production, petroleum refinery, methanol production, transportation, power generation and others, in term of application.
The fastest growing regional market is Asia Pacific owing to increasing consumption of agricultural fertilizers on account of growing population, rising number of petrochemical complexes and refineries in the region, upsurge in pharmaceutical industry, expansion in China's aerospace industry and surging investments by government for the development of hydrogen plants.

Scope of the report

• The report provides a comprehensive analysis of the global hydrogen market segmented on the basis of production process, application and region.
• The major regional and country markets (Asia Pacific, Europe, North America, Middle East & Africa and Central & South America, along with the U.S.) have been analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The company profiles of leading players (Linde PLC, Air Liquide S.A., Air Products and Chemicals, Inc., Taiyo Nippon Sanso Corporation, Messer Group GmbH and Nel ASA) are also presented in detail.

Key Attributes:

Report Attribute	Details
No. of Pages	111
Forecast Period	2024 - 2028
Estimated Market Value (USD) in 2024	$173.1 Billion
Forecasted Market Value (USD) by 2028	$219.23 Billion
Compound Annual Growth Rate	6.1%
Regions Covered	Global

Key Topics Covered:
1. Market Overview
1.1 Introduction
1.2 Properties of Hydrogen
1.3 Major Types of Hydrogen
1.4 Sources of Hydrogen
1.5 Storage of Hydrogen
1.6 Production Process of Hydrogen
1.7 Application of Hydrogen
2. Impact of COVID-19
3. Global Market Analysis
3.1 Global Hydrogen Market by Value
3.2 Global Hydrogen Market Forecast by Value
3.3 Global Hydrogen Market by Production Process
3.4 Global Hydrogen Market by Application
3.5 Global Hydrogen Market by Region
3.6 Global Hydrogen Demand by Volume
3.7 Global Hydrogen Demand Forecast by Volume
3.8 Global Hydrogen Demand by Type
3.9 Global Hydrogen Production by Volume
3.10 Global Hydrogen Production Forecast by Volume
3.11 Global Hydrogen Production Volume by Generation System
3.12 Global Hydrogen Production Volume by Region
4. Regional Market Analysis
4.1 Asia Pacific
4.2 Europe
4.3 North America
4.4 Middle East & Africa
4.5 Central & South America
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Consumption of Agricultural Fertilizer
5.1.2 Escalating Demand in Metallurgical Industries
5.1.3 Mounting Concerns Regarding Carbon Emissions Worldwide
5.1.4 Surging Demand for Electricity Generation
5.1.5 Upswing in Margarine Demand
5.1.6 Expanding Production Capacity of Methanol
5.1.7 Increasing Demand from Electronic Applications
5.2 Key Trends & Developments
5.2.1 Expanding Demand from Oil Refineries
5.2.2 Rapid Expansion of Aerospace Industry
5.2.3 Surging Production of Hydrogen Fuel Cell Electric Vehicles
5.2.4 Upsurge in Pharmaceutical Industry
5.2.5 Growing Demand for Hydrochloric Acid
5.2.6 Increasing Hydrogen Demand
5.3 Challenges
5.3.1 High Cost of Hydrogen Production & Transportation
5.3.2 Storage of Hydrogen
5.3.3 Health Effects of Hydrogen
6. Company Profiles

• Linde PLC
• Air Liquide S.A.
• Air Products and Chemicals, Inc.
• Taiyo Nippon Sanso Corporation
• Messer Group
• Nel ASA

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Attachment

• Global Hydrogen Market

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