Global Hydrogen Gas Market Overview:
Hydrogen gas is found in a very trace amount in atmosphere. It is found in the gases from volcanoes, oil wells and coal mines. It may be liberated as a product of decomposition of biological matter. It is an significant gaseous raw material used in chemical and petroleum industries. Gaseous hydrogen is distributed by truck, tanks or barge. Hydrogen has two forms one is ortho-hydrogen, in which the two atomic nuclei spin in the same direction and another is para-hydrogen, in which they spin in opposite directions. There are slight differences in physical properties but there is no difference in the chemical properties of the two forms of hydrogen. Gaseous hydrogen is a combination of 75% ortho-hydrogen and 25% para-hydrogen at room temperature, which is called normal hydrogen. Hydrogen is also used in the production of carbon steels, special metals and semiconductors.
Growth Drivers
- Growing Demand for Hydrogen Fuel Cell
- Rising Demand from Chemicals Industry
Roadblocks
- Safety Concerns Regarding Usage of Hydrogen Gas
Opportunities
- High Demand for Hydrogen Based Fuel Vehicles in Developing Countries
- Increasing Use of Hydrogen in Petroleum Industries
Challenges
- High Costs for Production of Electrolytic Hydrogen
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined collaborations.
Some of the key players profiled in the report are Aditya Birla Chemicals (India), Air Liquide (France), Air Products and Chemicals (United States), BASF SE (Germany), Gujarat Alkalies and Chemicals Limited (India), Gulf Cryo (Kuwait), Messer group (Germany), Praxair Inc. (United Kingdom), The Linde Group (Germany), Lords Chloro Alkali Limited (India) and Iwatani Corporation (Japan). Analyst at AMA Research see German and Indian Vendors to retain maximum share of Global Hydrogen Gas market by 2026. Considering Market by Preparation Methods, the sub-segment i.e. Electrolytic Method will boost the Hydrogen Gas market. Considering Market by Properties, the sub-segment i.e. Flammability will boost the Hydrogen Gas market.
On January 10, 2019 BASF, the German chemical company, presented a new corporate strategy which holds climate protection firmly at its core. A central goal of this strategy, is to achieve CO2-neutral growth until 2030. They are developing a new process technology to produce hydrogen (H2) from natural gas without the negative carbon dioxide (CO2) emissions.
What Can be Explored with the Hydrogen Gas Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hydrogen Gas Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hydrogen Gas
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hydrogen Gas market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hydrogen Gas market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Hydrogen Gas, Suppliers of Hydrogen Gas, Industry Associations and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.