Pink Hydrogen Market Analysis

Pink Hydrogen Segmentation

Form (Liquid, Gas)

The liquid form of the segment is projected to register a significant growth rate in the pink hydrogen market share. The rising applications of liquid hydrogen in the space program as rocket fuel for oxygen and fluorine combustion are estimated to hike the market segment growth. Also, the storage space for liquid hydrogen is very less compared to compressed gas hydrogen which is expected to fuel the market growth. Liquid hydrogen is used in the fuel cells applied in automobiles and is driving the market segment growth. Further, the applications of liquid hydrogen as fuel in rails, planes, and ships which is also predicted to boost the market segment growth.

Application (Transportation, Petro-Chemical, Steel, Domestic, Chemical, Others)

Further, the chemical segment is likely is garner a noteworthy share with the rising usage of hydrogen in the production of many chemicals. The increasing demand for hydrogen in the generation of various end products in the chemical industry is driving the market segment growth. Hydrogen helps to produce ammonia which is a feedstock fertilizer and it is also used in the production of methanol in the chemical industry which is expected to hike the market segment growth. Also, to meet the carbon emission standards most companies opt for pink hydrogen in the chemical sector.

Our in-depth analysis of the market includes the following segments: