Global Steam Methane Reforming Market Growth 2025-2031

Global Steam Methane Reforming Market Growth 2025-2031

The global Steam Methane Reforming market size is predicted to grow from US$ 72.3 million in 2025 to US$ 103 million in 2031; it is expected to grow at a CAGR of 6.1% from 2025 to 2031.

Steam Methane Reforming, or SMR, processes feedstocks, ranging from natural gas to light naphtha, mixed with steam to produce a hydrogen rich syngas effluent, with a typical H2/CO ratio of 3:1 to 5:1. SMR based plants are most commonly used to produce a hydrogen product or a combination of a hydrogen stream and another syngas product. In an SMR based plant, a heated mixture of the hydrocarbon feedstock and steam flows through catalyst filled tubes within a fired furnace called a reformer. The report covers large and medium SMR with hydrogen production capacity ranging ranging more than 1000 Nm3 /hr.

Europe is the largest STEAM METHANE REFORMING market with about 33% market share. Asia-Pacific is follower, accounting for about 17% market share.The key manufacturers are Honeywell UOP, Air Liquide, Linde, Amec Foster Wheeler, Air Products and Chemicals, Caloric Anlagenbau GmbH, KBR, Heurtey Petrochem, McDermott, Haldor Topsoe, thyssenkrupp, Toyo Engineering Corporation etc. Top 3 companies occupied about 32% market share.

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

This Insight Report provides a comprehensive analysis of the global Steam Methane Reforming 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 Steam Methane Reforming portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Steam Methane Reforming market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steam Methane Reforming 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 Steam Methane Reforming.

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

Segmentation by Type:
Steam Methane Reforming with PSA
Steam Methane Reforming with Amine Absorption

Segmentation by Application:
Refinery
Chemical Industry
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.
Honeywell UOP
Air Liquide
Linde
Amec Foster Wheeler
Air Products and Chemicals
Caloric Anlagenbau GmbH
KBR
Heurtey Petrochem
McDermott
Haldor Topsoe
thyssenkrupp
Toyo Engineering Corporation

Key Questions Addressed in this Report

What is the 10-year outlook for the global Steam Methane Reforming market?

What factors are driving Steam Methane Reforming market growth, globally and by region?

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

How do Steam Methane Reforming market opportunities vary by end market size?

How does Steam Methane Reforming break out by Type, by Application?