Driving Blue Hydrogen Market Growth in 2025: The Role of Rising Chemical Production Demand To Drive Blue Hydrogen Market Growth

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Blue Hydrogen Market Size Growth Forecast: What to Expect by 2025?
The market size for blue hydrogen has experienced remarkable expansion over the past few years. It is anticipated to increase from $18.64 billion in 2024 to $20.69 billion in 2025, with a compound annual growth rate (CAGR) of 11.0%. The growth witnessed in the past is largely due to factors such as government policies and subsidies, advancements in technology, worries about energy security, environmental standards, demand from industry, the availability of natural gas, public consciousness, and societal pressures.

How Will the Blue Hydrogen Market Size Evolve and Grow by 2029?
In the coming years, the size of the blue hydrogen market is predicted to experience swift expansion. It's anticipated to escalate to $31.58 billion by 2029, maintaining a compound annual growth rate (CAGR) of 11.2%. This growth during the forecasted period can be credited to factors like escalated investment in research and development, surging carbon pricing, expanding hydrogen infrastructure, diminishing production technology costs, increased renewable energy capacity, global collaboration, and corporate sustainability objectives. Key trends for the forecast period encompass processes of hydrogen production, integration with renewable energy, growth in the transit sector, escalated use in power generation, advances in storage and distribution technology, scaling up of hydrogen projects, and partnerships across industries.

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What Drivers Are Propelling the Growth of Blue Hydrogen Market Forward?
The growth of the blue hydrogen market is predicted to be driven by the rising demand for chemical production. This process, which entails turning raw materials into chemical products via chemical reactions, is seeing increased demand due to growing industrial sectors and the burgeoning demand for innovative materials and solutions across various industries. Blue hydrogen, in particular, is experiencing a surge in popularity in the realm of chemical production due to its position as a greener alternative to conventional hydrogen sources. Its primary use is as a raw material in processes such as the production of ammonia, where hydrogen plays a crucial role. For example, in October 2023, the International Energy Agency (IEA), an independent intergovernmental organization based in France, states that global ammonia production will account for approximately 2% (8.6 EJ) of total final energy usage. Moreover, it is predicted that ammonia production will surge by close to 40% by 2050. Consequently, the escalating demand for chemical production will spur the growth of the blue hydrogen market.

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Which Emerging Trends Are Transforming the Blue Hydrogen Market in 2025?
Leading firms in the blue hydrogen market are refining their production methods using low-carbon hydrogen (LCH) technology to improve efficiency and curtail carbon outputs. This is in line with international sustainability objectives. By combining natural gas reforming with carbon capture and storage (CCS), LCH technology applied to blue hydrogen manufacturing significantly reduces greenhouse gas emissions, seamlessly integrating sustainability into hydrogen production. For example, in October 2023, Johnson Matthey, a UK-based firm specializing in sustainable technologies, secured a license and engineering agreement with BP p.l.c., a UK oil and gas enterprise. The deal will see Johnson Matthey's LCH technology used in BP's upcoming flagship blue hydrogen establishment in Teesside (England), known as H2Teesside. The integrated approach of a gas-heated reformer with an autothermal reformer (GHR-ATR) provides exceptional efficiency in natural gas utilization and can cut down carbon dioxide emissions by up to 99%. Consequently, H2Teesside is projected to offer the lowest levelized cost of hydrogen (LCOH) and the top carbon efficiency amongst current blue hydrogen manufacturing technologies.

What Are the Key Segments in the Blue Hydrogen Market?
The blue hydrogenmarket covered in this report is segmented -

1) By Technology: Steam Methane Reforming (SMR), Gas Partial Oxidation (POX), Auto Thermal Reforming (ATR)
2) By Transportation Mode: Pipeline, Cryogenic Liquid Tankers
3) By End User: Petroleum Refineries, Chemical Industry, Power Generation Facilities, Other End Users

Subsegments:
1) By Steam Methane Reforming (SMR): Traditional SMR, SMR With Carbon Capture And Storage (CCS)
2) By Gas Partial Oxidation (POX): Coal Gasification With POX, Natural Gas POX
3) By Auto Thermal Reforming (ATR): ATR With Carbon Capture And Storage (CCS), ATR Without CCS

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Who Are the Key Players Shaping the Blue Hydrogen Market's Competitive Landscape?
Major companies operating in the blue hydrogen market are Saudi Arabian Oil Company (Saudi Aramco), Exxon Mobil Corporation, Royal Dutch Shell PLC, Uniper SE, TotalEnergies SE, BP Plc, Chevron Corporation, Mitsubishi Corporation, Equinor ASA, Reliance Industries Ltd., Repsol S.A., Engie SA, ConocoPhillips, Suncor Energy Inc., Linde Plc, Cummins Inc., Air Products Inc., Toshiba Energy Systems & Solutions Corp., ATCO Ltd., Air Liquide S.A., Siemens Energy (Siemens AG), FuelCell Energy Inc.

What Geographic Markets Are Powering Growth in the Blue Hydrogen Market?
North America was the largest region in the blue hydrogen market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the blue hydrogen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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