Global Industrial Hydrogen Market Growth 2025-2031

Global Industrial Hydrogen Market Growth 2025-2031

The global Industrial Hydrogen market size is predicted to grow from US$ 122810 million in 2025 to US$ 138910 million in 2031; it is expected to grow at a CAGR of 2.1% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Industrial Hydrogen Industry Forecast” looks at past sales and reviews total world Industrial Hydrogen sales in 2024, providing a comprehensive analysis by region and market sector of projected Industrial Hydrogen sales for 2025 through 2031. With Industrial Hydrogen sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Hydrogen industry.

This Insight Report provides a comprehensive analysis of the global Industrial Hydrogen landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Hydrogen portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Hydrogen market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Hydrogen and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Hydrogen.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Hydrogen market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Captive Hydrogen
Merchant Hydrogen

Segmentation by Application:
Oil Refining
Ammonia Production
Methanol Production
Steel Production
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Linde Group
Air Liquide
Air Products
Air Water
Taiyo Nippon Sanso
Messer Group
Yingde Gases

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Hydrogen market?

What factors are driving Industrial Hydrogen market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Industrial Hydrogen market opportunities vary by end market size?

How does Industrial Hydrogen break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.