Global Industrial Hydrogen Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Global Industrial Hydrogen Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031


According to our (Global Info Research) latest study, the global Industrial Hydrogen market size was valued at US$ 126890 million in 2024 and is forecast to a readjusted size of USD 145070 million by 2031 with a CAGR of 2.0% during review period.

Hydrogen (H2) is an odourless and tasteless gas that is mainly produced through natural gas steam reforming or the electrolysis of water. Lighter than air, it burns with an invisible, clean (carbon-free and soot-free) flame. It is the only fuel gas that does not contain any carbon atoms.

Global Industrial Hydrogen key players include Linde Group, Air Liquide, Air Products, Air Water, Taiyo Nippon Sanso, etc. Global top five manufacturers hold a share over 5%. Asia-Pacific is the largest market, with a share over 40%, followed by North America and Europe, both have a share about 30% percent. In terms of product, Captive Hydrogen is the largest segment, with a share over 80%. And in terms of application, the largest application is Oil Refining, followed by Ammonia Production & Methanol Production.

The industrial hydrogen market is witnessing rapid growth, primarily fueled by the global transition toward cleaner energy and decarbonization. Hydrogen is increasingly used in industries such as refining, chemicals, steel production, and ammonia synthesis, but the focus on green hydrogen—produced through renewable energy sources—has gained significant attention. Governments and industries are investing heavily in hydrogen infrastructure to support its role in energy storage, fuel cell technology, and as a carbon-free energy carrier for sectors like transportation and heavy industry. However, challenges such as the high cost of green hydrogen production and the need for large-scale infrastructure development may affect its near-term adoption. Nonetheless, as climate policies tighten, the industrial hydrogen market is expected to grow substantially over the coming decades.

This report is a detailed and comprehensive analysis for global Industrial Hydrogen market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Industrial Hydrogen market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031

Global Industrial Hydrogen market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031

Global Industrial Hydrogen market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031

Global Industrial Hydrogen market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/Ton), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Industrial Hydrogen

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Industrial Hydrogen market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Linde Group, Air Liquide, Air Products, Air Water, Taiyo Nippon Sanso, Messer Group, Yingde Gases, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Industrial Hydrogen market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Captive Hydrogen
Merchant Hydrogen

Market segment by Application
Oil Refining
Ammonia Production
Methanol Production
Steel Production
Others

Major players covered
Linde Group
Air Liquide
Air Products
Air Water
Taiyo Nippon Sanso
Messer Group
Yingde Gases

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Industrial Hydrogen product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Industrial Hydrogen, with price, sales quantity, revenue, and global market share of Industrial Hydrogen from 2020 to 2025.

Chapter 3, the Industrial Hydrogen competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Industrial Hydrogen breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Industrial Hydrogen market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Industrial Hydrogen.

Chapter 14 and 15, to describe Industrial Hydrogen sales channel, distributors, customers, research findings and conclusion.


1 Market Overview
2 Manufacturers Profiles
3 Competitive Environment: Industrial Hydrogen by Manufacturer
4 Consumption Analysis by Region
5 Market Segment by Type
6 Market Segment by Application
7 North America
8 Europe
9 Asia-Pacific
10 South America
11 Middle East & Africa
12 Market Dynamics
13 Raw Material and Industry Chain
14 Shipments by Distribution Channel
15 Research Findings and Conclusion
16 Appendix

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