Europe Green Hydrogen & Blue Chemicals Market is poised to touch USD 9,002.8 Million by 2026

The Europe Green Hydrogen & Blue Chemicals Market is estimated at US$ 23.8 Mn in 2021 and is expected to reach USD 9,002.8 Mn by 2026 owing to existence of pipeline projects across Europe”

The Europe Green Hydrogen & Blue Chemicals market was valued at US$ 23.8 Mn in 2021 and is expected to reach USD 9,002.8 Mn by 2026 owing to existence of pipeline projects. In Europe, there are large number of projects more than 200 projects related to greenH2/blue H2 and these projects are research phase and demonstration phase. In few European countries like UK, Belgium, France, Austria, where the majority of projects are under demonstration phase and these are expected to get operational phase or commercial stage in coming next two years period. These projects are currently evaluating the advantages of technologies like water electrolysis, CCS technologies and level of efficiency in production of green H2/blue H2 and analyzing challenges associated with these technologies while deploying in the large-scale production process. Furthermore, these projects are also demonstrating the utilization of green H2/blue H2 in different applications like mobility, energy, and industry and provides roadmap for the better utilization of such products in coming future.

Europe Green Hydrogen & Blue Chemicals segmented based on product, application, and country.

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Blue H2 is expected to account for the largest Share (value & volume) in Europe Green Hydrogen & Blue Chemicals Market
At current period production or consumption of blue hydrogen in Europe is quite negligible, as at present period zero availability of CCS plants to produce blue hydrogen in Europe. Growing interest among companies and increasing focus of governments to reduce carbon emission by adopting technologies, like CCS technologies, is further promoting the growth of blue hydrogen in near future. However, green H2 is projected to show significantly highest growth rate, as in certain Europe countries, like Germany, UK, France, Italy, Austria, Netherlands, Portugal, Poland, Norway, are strongly focusing to encourage green hydrogen projects and currently majority of these projects are under evaluation phase and these are expected to be operational in coming two to three years.

Consumables segment is anticipated to occupy the largest market Share (value & volume) in Europe Green Hydrogen & Blue Chemicals Market
Consumables segment includes the industrial applications like refinery, chemical processing, steel/iron, cement, and production of different chemicals like ammonia/fertilizers. At present, the consumption and penetration green H2/blue H2 & blue NH3 in industrial applications is negligible or insignificant, but this can be increased over the period owing to rising demand for green H2 and blue chemicals (blue H2 & blue NH3), this is expected to increase over the next five years period. Whereas, consumption of H2, particularly, green H2, in mobility sectors expected to have promising growth over the next five to ten years period owing to availability of combination of regulation like CO2 emissions reduction in cars, decarbonization of fuels, emission limits in urban areas, and increasing consumer willingness to shift to a more sustainable technology, these encourage the demand for green H2 and expected to replace fossil fuels in the heavy-duty vehicles of road transport and train

France is estimated to gain the major market Share (value & volume) in Europe Green Hydrogen & Blue Chemicals Market the consumption of hydrogen in the country is significantly high, for instance French industry is one of the major consumers of hydrogen, consuming around 920,000 tonnes of hydrogen is being used in refining, chemicals, fertilizer, and metallurgy per annum. However, this hydrogen is sourced from natural gas/coal and majorly used for industry. However, UK is expected to show fastest growth rate in coming future, as Government is focusing to develop and adopt carbon capture & storage (CCS) technologies in order to cut emissions and thereby increase the production of hydrogen to meet such growing demand with reduced GHG or CO2 emission. Furthermore the country is continuously focusing on investments to reduce CO2 emission by encouraging technologies like CCS, electrolysis and others. For instance, in February 2020, UK government provided funding or EUR 28 million for the top leading demonstration phase projects that majorly focus on hydrogen production.
Companies strategies, Acquisitions, Agreements, Collaborations and Partnerships are the key strategies adopted by market players

Europe Green Hydrogen & Blue Chemicals market further reveals that the key player’s increasingly adopting strategies such as agreements, collaborations and partnerships to enhance market revenue share. For instance,

• In 2020, Lhyfe signed an agreement with Nel, a Norwegian based company specialized in the manufacture of electrolysers. In coming years Lhyfe is planning to deploy more than 20 green hydrogen production units in Europe. Through this agreement Net supplies 60 MW of alkaline electrolysers to Lhyfe
• In 2020, Hy2gen AG entered into a partnership with Greenstat to produce and deploy 100% carbon-free green hydrogen in the Norway
• In 2020, Linde joined in Swiss H2 joint venture and acquired 10% in Hydrospider AG, which is responsible for production and marketing of green H2 for mobility in Europe

Key player’s profiles in the Europe Green Hydrogen & Blue Chemicals market are Air Liquide, Air Products, Linde Group, Yara International ASA, Hy2gen AG, Lhyfe

Precision Business Insights (PBI) in its report titled “Europe Green Hydrogen & Blue Chemicals Market: Market Estimation, Dynamics, Country Share, Trends, Competitor Analysis Forecast 2021-2026” assesses the market performance over six years forecast period over 2021-2026. The report analyses the market value & volume forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

Detailed Segmentation

Product
o Green H2
o Blue H2
o Blue NH3

Application
o Stationary
o Mobile
o Consumables

Country
o Austria
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe

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