Hydrogen Market
                     Hydrogen Market Is estimated to be US$ 148.9 Billion in 2021 and exhibit a CAGR of 2.2% 
over the forecast period
Hydrogen is a chemical compound that is widely used across various industries. Majorly it is used 
in the production of semiconductors, ammonia, carbon steels, methanol for polymer, and special 
metals. Moreover, it is also used in the electronic industry as a reducing agent and carrier gas. 
Furthermore, it is also used in refineries in the processing of intermediate oil products.
The global hydrogen market is estimated to be valued at US$ 148.9 Billion in 2021 and is expected 
to exhibit a CAGR of 2.2% over the forecast period (2021-2028).
Global Hydrogen Market: Opportunities
The growing use of hydrogen as a fuel in rockets as hydrogen is a highly flammable fuel is 
projected to bring profitable opportunities in the hydrogen market. Hydrogen is highly powerful for 
machines such as spaceships. Moreover, it is also an environmentally friendly and ideal choice of 
fuel when compared to other fuel sources. Furthermore, hydrogen is three times as powerful as 
gasoline and other fossil fuels. This factor is also projected to serve major growth opportunities.
Detailed Segmentation:
Global Hydrogen Market, By Production Source:
•Natural gas
•Coal
•Other Hydrocarbons
•Electrolysis & other sources
Global Hydrogen Market, By Application :
•Refineries
•Ammonia
•Methanol and other Chemicals
•Metals & Fabrication
•Electronics
•Food & Beverages
•Glass & Ceramics
Global Hydrogen Market, By Mode Of Delivery:
•Merchant
•Captive
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insight/hydrogen-market-2759
Major Keyplayers: Linde AG, Air Products & Chemicals, Inc., Praxair, Inc., Air Liquide SA, and 
Airgas Inc.
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