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Chemical Blue Hydrogen Market Size
- Report ID: GMI7887
- Published Date: Jan 2024
- Report Format: PDF
Chemical Blue Hydrogen Market Size
Chemical Blue Hydrogen Market was valued at USD 700 million in 2023 and is estimated to register over 11.3% CAGR from 2024 to 2032. Blue hydrogen refers to the hydrogen produced through the chemical process of methane reforming with carbon capture and storage (CCS). In this method, natural gas, primarily methane, undergoes a reforming process to extract hydrogen. The carbon dioxide (CO?) generated during this process is captured and stored to prevent its release into the atmosphere, contributing to the reduction of greenhouse gas emissions.
Industries and countries seeking to transition to clean energy sources along with substantial investments by the energy companies towards the development of hydrogen infrastructure will complement the business landscape. For instance, in July 2022, the Shanghai Chemical Industry Park Industrial Gases Co., Ltd. (SCIPIG), an Air Liquide subsidiary, announced to invest over USD 199 million to build two blue hydrogen generation units & other related infrastructure in SCIP, China.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Chemical Blue Hydrogen Market Size in 2023: | USD 700 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 11.3% |
| 2032 Value Projection: | USD 2.1 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 279 |
| Segments covered: | Technology and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Chemical Blue Hydrogen Market Scope
