Europe Green Hydrogen And Blue Chemicals Market Report 2022-28

The research report "Europe Green Hydrogen And Blue Chemicals Market: By Product (Green H2, Blue H2, & Blue NH3), Application (Stationary, Mobility, & Consumables), and Geography (Austria, Germany, UK, France, Italy, Spain & Rest of Europe) - Global/Region/Country Forecast to 2028. The europe green hydrogen and blue chemicals market size is expected to reach a huge growth during forecast period 2022-28.

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An overview on the Europe Green Hydrogen & Blue Chemicals Market:
Europe green hydrogen & blue chemicals market is growing due to the adoption of certain strategies by the major players in the market for promoting the green hydrogen & blue chemicals production for fulfilling the demands by the customers in the market. For instance, Air Products made entry into an Exclusive Strategic Cooperation Agreement with thyssenkrupp in 2020. Air Liquide planned to install high pressure HRS for low carbon H2 and can be used for big trucks across Europe. Such focus on leading region like Europe is to develop global scale electrolysis plant for producing and supplying green hydrogen.

Germany is leading and has the highest number of HRs around 100 HRSs followed by Spain, France, and UK with 6 to 20, 18 to 20 and 20-25 HRSs comparatively. While the remaining economies such as Denmark, Austria, Belgium, Netherlands and Norway have the less number of HRSs ranging from 3 to 10. All the leading Europe economies are estimated to grow the number of HRSs from formerly existing number during 2021-2022. While, more increasing number of HRSs in Spain, Germany and UK during 2023-2025 is projected to provide several opportunities for green H2. A variety of HRSs over 2025 period is anticipated to increase from more than 500 to 1,000 and it can be varied from country. This increasing number of HRSs is estimated to bolster the growth of market for green H2 in Europe in mobility segment during forthcoming years.

Regional Analysis - Europe Green Hydrogen & Blue Chemicals Market:
France is projected to get the larger market share in the Europe green hydrogen & blue chemicals market in 2021 followed by Italy and UK. At present, the consumption of hydrogen is considerably high in the country. For example, French industry is the leading consumer of hydrogen consuming approximately 920,000 loads of hydrogen is being used in metallurgy, refining, fertilize and chemicals for every annum. But, this hydrogen is mainly used for industry and sourced from natural gas. Furthermore, this country has followed certain strategies to encourage zero or low carbon hydrogen producing technologies as the demand for hydrogen is anticipated to grow in upcoming period.

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Competitive Analysis - Europe Green Hydrogen & Blue Chemicals Market:
Major players working in the Europe green hydrogen & blue chemicals market are Air Liquide, Air Products, Linde Group, Yara International ASA, Hy2gen AG and Lhyfe.

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