Merchant Hydrogen Market Analysis

The global merchant hydrogen market is segmented by source into steam methane reforming, electrolysis, and other, out of which, the steam methane reforming segment is anticipated to hold the largest share in the market during the forecast period on account of abundant availability of methane. However, this is costly, and alternative economically feasible methods are being developed, which can impact the growth of the segment. On the basis of application, the market is segmented into jet fuel, gasoline, metallurgy, drugs & medicines, and others, out of which, the gasoline segment is estimated to garner the highest revenue by the end of 2037, owing to the increasing demand for hydrogen for refining petroleum and production of gasoline. The drugs & medicines segment is also foreseen to gain significant share during the forecast period, on the back of increasing cases of CVD and other heart diseases.

Our in-depth analysis of the global merchant hydrogen market includes the following segments