Pink Hydrogen Market Size

Pink Hydrogen Market size was valued at USD 297.15 million in 2024 and is likely to cross USD 50.74 billion by 2037, expanding at more than 48.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of pink hydrogen is estimated at USD 572.47 million.

Increasing demand for clean energy across the world with a rising preference for low carbon economy is estimated to drive the market growth. Growing regulations to decrease greenhouse gas with concern about air pollution are propelling the growth of the market.

In addition to these, increasing the usage of hydrogen in fuel cells of vehicles to reduce the use of fossil fuels is estimated to hike pink hydrogen market growth. Rising utilization in the transportation sector with a growing zero-carbon motto is anticipated to influence the market demand in the coming years. The increasing demand for pink hydrogen is due to escalating traction toward low carbon release as pink hydrogen uses nuclear energy which is ecofriendly is driving the market growth.