The Hydrogen Gas Market size is estimated at 109.64 Million tons in 2024, and is expected to reach 132.44 Million tons by 2029, growing at a CAGR of 3.85% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market in 2020. Due to restrictions associated with the pandemic, hydrogen gas production decreased significantly. However, with the relaxation in regulations and improvement in the pandemic situation, it slightly increased in 2021.
The hydrogen gas market is consolidated, where major players hold a significant share of the market demand. Some of the major players in the market include (not in any particular order) Air Liquide, Linde plc, Air Products and Chemicals, Inc, Aditya Birla Chemicals, and Messer SE & Co. KGaA, among others.
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