Blue Hydrogen Market Size - By Technology (Steam Methane Reforming, Autothermal Reforming, Partial Oxidation), By Application (Petroleum Refining, Chemicals), & Forecast, 2024 - 2032
Blue Hydrogen Market size is projected to expand at over 9.8% CAGR from 2024 to 2032 propelled by the ongoing energy transition across the globe. Several nations worldwide are striving to reduce carbon footprints and achieve sustainability targets, further contributing to the growing adoption of blue hydrogen as a cleaner energy source. Additionally, the versatility offered in diverse applications, from transportation to industrial processes, is resulting in the rising product demand.
The ongoing efforts led by governments, industry players, and international organizations is fostering technology advancements and standardization, accelerating the overall market development. To cite an instance, in November 2023, Air Products disclosed plans to develop the biggest blue hydrogen facility in Europe at its existing hydrogen production plant in the Netherlands by 2026.
The blue hydrogen industry is segmented into technology, application, and region.
Based on technology, the market value from the autothermal reforming segment is anticipated to depict substantial growth through 2032. Autothermal reforming (ATR) is a key method for blue hydrogen production as it combines steam methane reforming and partial oxidation for offering enhanced efficiency and cost-effectiveness. The ability of ATR technology to produce high-purity hydrogen and its adaptability to diverse feedstocks is contributing to its rising adoption. Moreover, the increasing focus on decarbonization and sustainable energy solutions is resulting in the higher technology preference to produce blue hydrogen production.
In terms of application, the blue hydrogen market from the chemicals application segment is projected to witness high demand between 2024 and 2032, led by the transformative shift towards sustainable industrial practices. Blue hydrogen has gained significant traction in chemical manufacturing due to its eco-friendly profile. Companies worldwide are increasingly adopting blue hydrogen to meet stringent environmental standards and reduce carbon footprints in their operations. Furthermore, the demand for hydrogen as a feedstock for various chemical processes, including ammonia and methanol production will fuel the segment growth.
Regionally, the Asia Pacific blue hydrogen industry is set to expand at a notable CAGR from 2024-2032 owing to the rising emphasis on clean energy solutions. Governments across the region are actively promoting hydrogen as a key element in their sustainable energy transition strategies. Increasing investments by several market participants in infrastructure, research, and development will further accelerate the regional market forward. For instance, in February 2022, Reliance Industries Ltd. announced plans to develop into one of the largest producers of blue hydrogen at a competitive cost as part of its ambitious green-energy transformation strategy.
- Chapter 1 Methodology & Scope
- 1.1 Market definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Unpaid sources
- Chapter 2 Executive Summary
- 2.1 Business trends
- 2.2 Technology trends
- 2.3 Application trends
- 2.4 Regional trends
- Chapter 3 Blue Hydrogen Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.1.1 Extensive efforts to decarbonize multiple applications
- 3.3.1.2 Ongoing investments for hydrogen by both private & public sectors
- 3.3.1.3 Stringent regulations and targets
- 3.3.2 Industry pitfalls & challenges
- 3.3.2.1 Challenges associated with carbon capture and storage infrastructure
- 3.4 Growth potential analysis
- 3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL Analysis
- Chapter 4 Competitive Benchmarking
- 4.1 Innovation & sustainability landscape
- 4.2 Competitive landscape, 2023
- 4.2.1 Strategic dashboard
- Chapter 5 Blue Hydrogen Market, By Technology
- 5.1 Key technology trends
- 5.2 Steam methane reforming
- 5.3 Autothermal reforming
- 5.4 Partial oxidation
- Chapter 6 Blue Hydrogen Market, By Application
- 6.1 Key application trends
- 6.2 Petroleum refining
- 6.3 Chemicals
- 6.4 Others
- Chapter 7 Blue Hydrogen Market, By Region
- 7.1 Key regional trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 France
- 7.3.3 UK
- 7.3.4 Italy
- 7.3.5 Netherlands
- 7.3.6 Russia
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 India
- 7.4.4 Australia
- 7.5 Middle East & Africa
- 7.5.1 Saudi Arabia
- 7.5.2 Oman
- 7.5.3 UAE
- 7.5.4 Kuwait
- 7.5.5 Qatar
- 7.5.6 South Africa
- 7.6 Latin America
- Chapter 8 Company Profiles
- 8.1 Air Products Inc.
- 8.2 BP p.l.c.
- 8.3 Eni
- 8.4 Exxon Mobil Corporation
- 8.5 Shell plc
- 8.6 Technip Energies N.V.
- 8.7 Air Liquide
- 8.8 TOPSOE
- 8.9 Equinor ASA
- 8.10 Johnson Matthey
- 8.11 SK E&S CO.LTD.
- 8.12 Woodside
- 8.13 MaireTecnimont Spa
- 8.14 Saipem
- 8.15 thyssenkrupp Industrial Solutions AG
- 8.16 Bechtel Corporation
- 8.17 John Wood Group PLC
- Data Tables
- TABLE 1 Global blue hydrogen market, 2019 – 2023 (Volume & Revenue)
- TABLE 2 Global blue hydrogen market, 2024 – 2027 (Volume & Revenue)
- TABLE 3 Global blue hydrogen market, 2028 – 2032 (Volume & Revenue)
- TABLE 4 Global blue hydrogen market by technology, 2019 – 2023 (MT)
- TABLE 5 Global blue hydrogen market by technology, 2024 – 2027 (MT)
- TABLE 6 Global blue hydrogen market by technology, 2028 – 2032 (MT)
- TABLE 7 Global blue hydrogen market by technology, 2019 – 2023 (USD Billion)
- TABLE 8 Global blue hydrogen market by technology, 2024 – 2027 (USD Billion)
- TABLE 9 Global blue hydrogen market by technology, 2028 – 2032 (USD Billion)
- TABLE 10 Global blue hydrogen market by application, 2019 – 2023 (MT)
- TABLE 11 Global blue hydrogen market by application, 2024 – 2027 (MT)
- TABLE 12 Global blue hydrogen market by application, 2028 – 2032 (MT)
- TABLE 13 Global blue hydrogen market by application, 2019 – 2023 (USD Billion)
- TABLE 14 Global blue hydrogen market by application, 2024 – 2027 (USD Billion)
- TABLE 15 Global blue hydrogen market by application, 2028 – 2032 (USD Billion)
- TABLE 16 Global blue hydrogen market by region, 2019 – 2023 (MT)
- TABLE 17 Global blue hydrogen market by region, 2024 – 2027 (MT)
- TABLE 18 Global blue hydrogen market by region, 2028 – 2032 (MT)
- TABLE 19 Global blue hydrogen market by region, 2019 – 2023 (USD Billion)
- TABLE 20 Global blue hydrogen market by region, 2024 – 2027 (USD Billion)
- TABLE 21 Global blue hydrogen market by region, 2028 – 2032 (USD Billion)
- TABLE 22 Industry impact forces
- TABLE 23 Global blue hydrogen market from technology, steam methane reforming, 2019 – 2023 (Volume & Revenue)
- TABLE 24 Global blue hydrogen market from technology, steam methane reforming, 2024 – 2027 (Volume & Revenue)
- TABLE 25 Global blue hydrogen market from technology, steam methane reforming, 2028 – 2032 (Volume & Revenue)
- TABLE 26 Global blue hydrogen market from technology, steam methane reforming, by region, 2019 – 2023 (MT)
- TABLE 27 Global blue hydrogen market from technology, steam methane reforming, by region, 2024 – 2027 (MT)
- TABLE 28 Global blue hydrogen market from technology, steam methane reforming, by region, 2028 – 2032 (MT)
- TABLE 29 Global blue hydrogen market from technology, steam methane reforming, by region, 2019 – 2023 (USD Billion)
- TABLE 30 Global blue hydrogen market from technology, steam methane reforming, by region, 2024 – 2027 (USD Billion)
- TABLE 31 Global blue hydrogen market from technology, steam methane reforming, by region, 2028 – 2032 (USD Billion)
- TABLE 32 Global blue hydrogen market from technology, autothermal reforming, 2019 – 2023 (Volume & Revenue)
- TABLE 33 Global blue hydrogen market from technology, autothermal reforming, 2024 – 2027 (Volume & Revenue)
- TABLE 34 Global blue hydrogen market from technology, autothermal reforming, 2028 – 2032 (Volume & Revenue)
- TABLE 35 Global blue hydrogen market from technology, autothermal reforming, by region, 2019 – 2023 (MT)
- TABLE 36 Global blue hydrogen market from technology, autothermal reforming, by region, 2024 – 2027 (MT)
- TABLE 37 Global blue hydrogen market from technology, autothermal reforming, by region, 2028 – 2032 (MT)
- TABLE 38 Global blue hydrogen market from technology, autothermal reforming, by region, 2019 – 2023 (USD Billion)
- TABLE 39 Global blue hydrogen market from technology, autothermal reforming, by region, 2024 – 2027 (USD Billion)
- TABLE 40 Global blue hydrogen market from technology, autothermal reforming, by region, 2028 – 2032 (USD Billion)
- TABLE 41 Global blue hydrogen market from technology, partial oxidation, 2019 – 2023 (Volume & Revenue)
- TABLE 42 Global blue hydrogen market from technology, partial oxidation, 2024 – 2027 (Volume & Revenue)
- TABLE 43 Global blue hydrogen market from technology, partial oxidation, 2028 – 2032 (Volume & Revenue)
- TABLE 44 Global blue hydrogen market from technology, partial oxidation, by region, 2019 – 2023 (MT)
- TABLE 45 Global blue hydrogen market from technology, partial oxidation, by region, 2024 – 2027 (MT)
- TABLE 46 Global blue hydrogen market from technology, partial oxidation, by region, 2028 – 2032 (MT)
- TABLE 47 Global blue hydrogen market from technology, partial oxidation, by region, 2019 – 2023 (USD Billion)
- TABLE 48 Global blue hydrogen market from technology, partial oxidation, by region, 2024 – 2027 (USD Billion)
- TABLE 49 Global blue hydrogen market from technology, partial oxidation, by region, 2028 – 2032 (USD Billion)
- TABLE 50 Global blue hydrogen market from application, petroleum refining, 2019 – 2023 (Volume & Revenue)
- TABLE 51 Global blue hydrogen market from application, petroleum refining, 2024 – 2027 (Volume & Revenue)
- TABLE 52 Global blue hydrogen market from application, petroleum refining, 2028 – 2032 (Volume & Revenue)
- TABLE 53 Global blue hydrogen market from application, petroleum refining, by region, 2019 – 2023 (MT)
- TABLE 54 Global blue hydrogen market from application, petroleum refining, by region, 2024 – 2027 (MT)
- TABLE 55 Global blue hydrogen market from application, petroleum refining, by region, 2028 – 2032 (MT)
- TABLE 56 Global blue hydrogen market from application, petroleum refining, by region, 2019 – 2023 (USD Billion)
- TABLE 57 Global blue hydrogen market from application, petroleum refining, by region, 2024 – 2027 (USD Billion)
- TABLE 58 Global blue hydrogen market from application, petroleum refining, by region, 2028 – 2032 (USD Billion)
- TABLE 59 Global blue hydrogen market from application, chemicals, 2019 – 2023 (Volume & Revenue)
- TABLE 60 Global blue hydrogen market from application, chemicals, 2024 – 2027 (Volume & Revenue)
- TABLE 61 Global blue hydrogen market from application, chemicals, 2028 – 2032 (Volume & Revenue)
- TABLE 62 Global blue hydrogen market from application, chemicals, by region, 2019 – 2023 (MT)
- TABLE 63 Global blue hydrogen market from application, chemicals, by region, 2024 – 2027 (MT)
- TABLE 64 Global blue hydrogen market from application, chemicals, by region, 2028 – 2032 (MT)
- TABLE 65 Global blue hydrogen market from application, chemicals, by region, 2019 – 2023 (USD Billion)
- TABLE 66 Global blue hydrogen market from application, chemicals, by region, 2024 – 2027 (USD Billion)
- TABLE 67 Global blue hydrogen market from application, chemicals, by region, 2028 – 2032 (USD Billion)
- TABLE 68 Global blue hydrogen market from application, others, 2019 – 2023 (Volume & Revenue)
- TABLE 69 Global blue hydrogen market from application, others, 2024 – 2027 (Volume & Revenue)
- TABLE 70 Global blue hydrogen market from application, others, 2028 – 2032 (Volume & Revenue)
- TABLE 71 Global blue hydrogen market from application, others, by region, 2019 – 2023 (MT)
- TABLE 72 Global blue hydrogen market from application, others, by region, 2024 – 2027 (MT)
- TABLE 73 Global blue hydrogen market from application, others, by region, 2028 – 2032 (MT)
- TABLE 74 Global blue hydrogen market from application, others, by region, 2019 – 2023 (USD Billion)
- TABLE 75 Global blue hydrogen market from application, others, by region, 2024 – 2027 (USD Billion)
- TABLE 76 Global blue hydrogen market from application, others, by region, 2028 – 2032 (USD Billion)
- TABLE 77 North America blue hydrogen market, 2019 – 2023 (Volume & Revenue)
- TABLE 78 North America blue hydrogen market, 2024 – 2027 (Volume & Revenue)
- TABLE 79 North America blue hydrogen market, 2028 – 2032 (Volume & Revenue)
- TABLE 80 North America blue hydrogen market by technology, 2019 – 2023 (MT)
- TABLE 81 North America blue hydrogen market by technology, 2024 – 2027 (MT)
- TABLE 82 North America blue hydrogen market by technology, 2028 – 2032 (MT)
- TABLE 83 North America blue hydrogen market by technology, 2019 – 2023 (USD Billion)
- TABLE 84 North America blue hydrogen market by technology, 2024 – 2027 (USD Billion)
- TABLE 85 North America blue hydrogen market by technology, 2028 – 2032 (USD Billion)
- TABLE 86 North America blue hydrogen market by application, 2019 – 2023 (MT)
- TABLE 87 North America blue hydrogen market by application, 2024 – 2027 (MT)
- TABLE 88 North America blue hydrogen market by application, 2028 – 2032 (MT)
- TABLE 89 North America blue hydrogen market by application, 2019 – 2023 (USD Billion)
- TABLE 90 North America blue hydrogen market by application, 2024 – 2027 (USD Billion)
- TABLE 91 North America blue hydrogen market by application, 2028 – 2032 (USD Billion)
- TABLE 92 North America blue hydrogen market by fuel, 2019 – 2023 (MT)
- TABLE 93 North America blue hydrogen market by fuel, 2024 – 2027 (MT)
- TABLE 94 North America blue hydrogen market by fuel, 2028 – 2032 (MT)
- TABLE 95 North America blue hydrogen market by fuel, 2019 – 2023 (USD Billion)
- TABLE 96 North America blue hydrogen market by fuel, 2024 – 2027 (USD Billion)
- TABLE 97 North America blue hydrogen market by fuel, 2028 – 2032 (USD Billion)
- TABLE 98 U.S. blue hydrogen market, 2019 – 2023 (Volume & Revenue)
- TABLE 99 U.S. blue hydrogen market, 2024 – 2027 (Volume & Revenue)
- TABLE 100 U.S. blue hydrogen market, 2028 – 2032 (Volume & Revenue)
- TABLE 101 U.S. blue hydrogen market by technology, 2019 – 2023 (MT)
- TABLE 102 U.S. blue hydrogen market by technology, 2024 – 2027 (MT)
- TABLE 103 U.S. blue hydrogen market by technology, 2028 – 2032 (MT)
- TABLE 104 U.S. blue hydrogen market by technology, 2019 – 2023 (USD Billion)
- TABLE 105 U.S. blue hydrogen market by technology, 2024 – 2027 (USD Billion)
- TABLE 106 U.S. blue hydrogen market by technology, 2028 – 2032 (USD Billion)
- TABLE 107 U.S. blue hydrogen market by application, 2019 – 2023 (MT)
- TABLE 108 U.S. blue hydrogen market by application, 2024 – 2027 (MT)
- TABLE 109 U.S. blue hydrogen market by application, 2028 – 2032 (MT)
- TABLE 110 U.S. blue hydrogen market by application, 2019 – 2023 (USD Billion)
- TABLE 111 U.S. blue hydrogen market by application, 2024 – 2027 (USD Billion)
- TABLE 112 U.S. blue hydrogen market by application, 2028 – 2032 (USD Billion)
- TABLE 113 U.S. blue hydrogen market by fuel, 2019 – 2023 (MT)
- TABLE 114 U.S. blue hydrogen market by fuel, 2024 – 2027 (MT)
- TABLE 115 U.S. blue hydrogen market by fuel, 2028 – 2032 (MT)
- TABLE 116 U.S. blue hydrogen market by fuel, 2019 – 2023 (USD Billion)
- TABLE 117 U.S. blue hydrogen market by fuel, 2024 – 2027 (USD Billion)
- TABLE 118 U.S. blue hydrogen market by fuel, 2028 – 2032 (USD Billion)
- TABLE 119 Canada blue hydrogen market, 2019 – 2023 (Volume & Revenue)
- TABLE 120 Canada blue hydrogen market, 2024 – 2027 (Volume & Revenue)
- TABLE 121 Canada blue hydrogen market, 2028 – 2032 (Volume & Revenue)
- TABLE 122 Canada blue hydrogen market by technology, 2019 – 2023 (MT)