Merchant Hydrogen Market Size, Share, By Type (Gaseous Merchant Hydrogen and Liquid Merchant Hydrogen), By Method (Steam Methane Reforming, Water Electrolysis, Coal Gasification, and Others), By Application (Industrial, Pharmaceutical, Military, Aerospace, Automobile, and Food) and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Trends, Analysis and Forecast till 2034

Report Code: PMI531624 | Publish Date: June 2024 | No. of Pages: 167

Merchant Hydrogen Market Trends

Ensuring environmental sustainability:

  • Industries, including transportation, chemical manufacturing, and refining, that are subject to tight environmental regulations are searching for ways to reduce their carbon footprint. Hydrogen offers a compelling response, mainly when derived from renewable resources. It burns cleanly, producing only water vapor as a byproduct, making it an attractive alternative to traditional fossil fuels.
  • Let's say that using unclean fuels is now necessary for a refinery to function. Switching to commercial hydrogen can prevent environmental harm and contribute to a cleaner future.