Brown Hydrogen Market to Grow $48.9 billion by 2030, with a CAGR of 4.7%

The brown hydrogen market is projected to cross $48.9 billion by 2030, growing at a CAGR of 4.7% from 2021 to 2030. Factors that drive the brown hydrogen market growth are availability and less prices of raw material i.e., coal, and less production cost as compared to green hydrogen. However, the factors that hinder the market growth are high carbon foot print of coal gasification process and rising traction of green hydrogen. On the contrary, the rising investment and demand for hydrogen produced from coal gasification with carbon capture storage technology is expected to offer lucrative market opportunities during the forecast period.

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Based on the end-use industry, the chemical segment garnered 47.8% share in 2020 in terms of volume. This is attributed to increased demand from chemical industries in China, Germany, India, and others.

On the basis of technology, the coal gasification with carbon capture and storage segment is expected to witness growth at a considerable growth rate. It is expected to witness growth at a CAGR of 11.7% in terms of volume during the forecast period. This is attributed to numerous factors such as ease in availability of raw materials, cheap production, cheap raw material and others.

On the basis of region, Asia-Pacific is expected to grow at a CAGR of 9.8% in terms of volume during the forecast period. This is attributed to increase in demand for brown hydrogen from Australia, India, and others. Furthermore, as per India's hydrogen strategy, there is expected to be increase in investment by India on coal gasification.

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The brown hydrogen market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the brown hydrogen market include Air Products, Air Liquide, Sasol, Sinopec, Iwatani Corp, J-Power.

Impact of COVID-19 on the Brown Hydrogen Market

The outbreak of COVID-19 has halted the industrial activities which has consequently decreased the demand for energy.

The COVID-19 lockdowns posed a number of problems for industry participants, including disrupted supply chains, logistical difficulties in shipping end goods, and others.

The impact of the COVID-19 on global supply chains will have the major impact on hydrogen technologies, for which a well-managed supply chain and huge capital are needed for demonstration.

The hydrogen demand is in oil refining, steel manufacturing and chemical industry have been highly impacted by the Covid-19 outbreak. The chemicals produced using hydrogen (e.g. methanol) has dropped significantly.

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