Chemical Blue Hydrogen Market Size - By Technology (Steam Methane Reforming, Autothermal Reforming, Partial Oxidation), & Forecast, 2024 - 2032

Chemical Blue Hydrogen Market Size - By Technology (Steam Methane Reforming, Autothermal Reforming, Partial Oxidation), & Forecast, 2024 - 2032

Global Chemical Blue Hydrogen Market will witness over 11.3% CAGR between 2024 and 2032 due to increasing contracts and deals secured by leading companies. As awareness of hydrogen's potential as a clean energy source grows, major players in the industry are securing agreements to produce and distribute blue hydrogen, which is produced from natural gas with carbon capture and storage.

For instance, in March 2023, the international energy corporation Uniper SE, based in Düsseldorf, Germany, along with Shell UK Ltd. headquartered in London, granted a contract to Shell Catalysts & Technologies. The contract entailed delivering a process design package for the Humber H2ub project, utilizing the Shell Blue Hydrogen Process. Awarded through a formal selection process, this deal potentially involved deploying the SBHP technology at Uniper and Shell UK's proposed project in Humber, U.K. This project aimed to produce low-carbon hydrogen for the region's industrial, transportation, and power sectors, contributing to decarbonization efforts.

These contracts signify a shift towards decarbonizing industries, such as transportation and manufacturing, driving the demand for blue hydrogen and stimulating market growth.

The overall Chemical Blue Hydrogen Market share is classified based on the technology and region.

The market size from the autothermal reforming segment will register a noteworthy CAGR from 2024 to 2032. ATR is a highly efficient method for producing blue hydrogen, utilizing a combination of steam reforming and partial oxidation processes. This process not only maximizes hydrogen production but also allows for the capture and storage of carbon emissions, aligning with sustainability goals. With industries worldwide seeking cleaner energy alternatives, ATR technology offers a compelling solution by producing low-carbon hydrogen suitable for various applications. As governments and businesses prioritize decarbonization efforts, the demand for blue hydrogen produced through ATR is expected to continue rising, shaping the chemical blue hydrogen market landscape.

Europe chemical blue hydrogen industry will showcase a commendable CAGR from 2024 to 2032. With hydrogen emerging as a key component of the European Green Deal and the EU's hydrogen strategy, there is growing momentum for the adoption of blue hydrogen as a transitional fuel. Blue hydrogen, produced from natural gas with carbon capture and storage, offers a viable pathway to reduce carbon emissions while ensuring energy security and economic growth.

As European countries invest in hydrogen infrastructure and support innovative projects, the demand for blue hydrogen is expected to surge, fueling market growth and advancing the region's transition to a low-carbon economy. For instance, in November 2023, Air Products and Chemicals (APD.N) announced plans to construct, own, and manage a carbon capture and carbon dioxide treatment facility at its hydrogen production plant in Rotterdam, Netherlands. Anticipated to commence operations in 2026, the facility will produce blue hydrogen, catering to Exxon Mobil's (XOM.N) Rotterdam refinery and other clients through Air Products' hydrogen pipeline network. Upon completion, it will be Europe's largest blue hydrogen plant.