The Liquid Hydrogen Market size is estimated at 160.02 kilotons in 2024, and is expected to reach 260.88 kilotons by 2029, growing at a CAGR of 10.27% during the forecast period (2024-2029).
COVID-19 negatively impacted the market as all the industries halted their manufacturing processes. Lockdowns, social distances, and trade sanctions triggered massive disruptions to global supply chain networks. However, the condition is recovered in 2021, which is expected to benefit the market during the forecast period.
The liquid hydrogen market is highly consolidated in nature. Some of the major companies in the market (not in any particular order) include Air Liquide, Air Products and Chemicals Inc., Linde PLC, Iwatani Corporation, and Messer Group GmbH.
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