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

North America Chemical Blue Hydrogen Market Size

North America Chemical Blue Hydrogen Market was valued USD 312.9 million in 2023 and is anticipated to grow at a CAGR of 2.4% from 2024 to 2032. It refers to the hydrogen produced through the process of steam methane reforming or autothermal reforming of natural gas, in which the carbon dioxide produced during the production process is captured and stored rather than being released into the atmosphere. This method produces hydrogen with a lower carbon footprint than conventional grey hydrogen production as the carbon emissions are mitigated through carbon capture and storage technologies.
 

Growing demand for clean energy sources along with growing focus on decarbonization efforts will augment the industry landscape. Rising development of policy frameworks for low-emission hydrogen solutions along with government investments and incentives including the U.S. Department of Energy (DOE) funding for research projects to advance innovative hydrogen technologies will stimulate the product demand. The established O&G infrastructure in the region serves as a solid foundation for the hydrogen industry. Furthermore, leveraging the existing assets, companies are repurposing infrastructure and integrating CCS technologies to mitigate carbon emissions, thereby propelling the market growth.
 

North America Chemical Blue Hydrogen Market Trends

Stringent environmental regulations and sustainability initiatives aimed at prompting chemical companies to transit towards cleaner and more sustainable energy sources will augment the industry scenario. Advances in hydrogen production technologies, such as steam methane reforming with carbon capture and storage (SMR-CCS), will drive down the cost of producing blue hydrogen. In addition, rising advancements in hydrogen production technologies to reduce cost, increase conversion efficiency, and energy security will enhance the chemical blue hydrogen industry growth.
 

Rising collaboration, and strategic alliances to pool resources, share expertise, and overcome technological barriers will foster innovation and accelerate the deployment of blue hydrogen infrastructure. Growing awareness of climate change and the need to reduce greenhouse gas emissions has increased demand for decarbonization solutions in the chemical sector, therefore creating opportunities for the product growth. Furthermore, rising integration of blue hydrogen into the existing value chains by key players to optimize processes, and enhance efficiency will boost the product penetration.
 

North America Chemical Blue Hydrogen Market Analysis

Based on technology, the steam methane reforming segment is anticipated to reach USD 323.4 million by 2032. Its cost-effectiveness coupled with high conversion efficiency and established energy security will boost the product demand. The technology enables large-scale hydrogen production, making it well suited for meeting the demands of the chemical industry, which requires substantial quantities of clean energy as a feedstock for various processes. Rising adoption of technology by oil and gas companies for exploring blue hydrogen to utilize existing infrastructure, repurpose assets, and diversify their energy portfolios will augment the market growth.
 

Canada chemical blue hydrogen generation market valuation will cross USD 81.7 million by 2032. The country abundant natural gas resources and commitment to reducing carbon emissions position will strengthen the business outlook. Growing Canada policy frameworks intended to facilitate the transition to cleaner energy sources will foster investment, innovation, and long-term market growth.
 

The U.S. has shown significant market growth driven by supportive government initiatives including the National Clean Hydrogen Strategy in September 2022, focusing on adopting low-carbon hydrogen to reduce carbon emissions in the chemical sector. Industry players in the country are actively engaging in partnerships, new product launches, expansions, mergers, and acquisitions to strengthen their positions.
 

North America Chemical Blue Hydrogen Market Share

Eminent players are making significant investments in infrastructure for clean energy production, storage, and distribution. This includes building new hydrogen production facilities and converting existing ones to produce blue hydrogen. Many businesses are forming strategic alliances and partnerships with technology providers, energy companies, and government agencies to speed up the development and deployment of blue hydrogen technologies. The collaborations help to leverage expertise, resources, and funding to drive innovation and scale production.
 

North America Chemical Blue Hydrogen Market Companies

Eminent players operating in the North America chemical blue hydrogen industry include:

• Air Liquide
• Air Products and Chemicals, Inc.
• BP p.l.c.
• Bechtel Corporation
• ENGIE SA
• Exxon Mobil Corporation
• Equinor ASA
• Linde plc
• Reliance Industries Limited
• Shell plc
• Technip Energies N.V
• Uniper SE
   

North America Chemical Blue Hydrogen Industry News

• In June 2021, Mitsubishi Power and Air Products and Chemicals announced ambitious projects in Canada and the U.S., respectively. Air Products plans to invest USD 1.1 billion in building a facility in Edmonton, Alberta, to produce blue hydrogen emphasizing the region's commitment to clean energy initiatives. The project aimed to development promising future for blue hydrogen as a key player in North America's transition to a low-carbon economy.
   
• In October 2021, Air Products announced a USD 4.5 billion project in Louisiana, which will be the world's largest blue hydrogen production facility. It will further produce over 750 million standard cubic feet of blue hydrogen per day. This will further enable the company to solidify its commitment toward advancing sustainable hydrogen solutions.
   

This North America Chemical blue hydrogen market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “MT & USD Million” from 2021 to 2032, for the following segments:

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Market, By Technology

• Steam methane reforming
• Autothermal reforming
• Partial oxidation

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico