The global green hydrogen market is on a trajectory for substantial growth, with an estimated increase of USD 46.25 billion between 2024 and 2028. This growth is fueled by a notable Compound Annual Growth Rate (CAGR) of 66.83% during the forecast period, primarily attributed to the increasing adoption of clean fuel across industries. A significant trend driving this growth is the shift towards using clean hydrogen in refineries, indicating a broader movement towards sustainable energy sources. However, the market faces challenges, notably the high initial cost associated with green hydrogen production. Green hydrogen, produced through water electrolysis using renewable energy, incurs a substantial setup cost, making it financially less attractive compared to grey hydrogen derived from natural gas. The cost disparity is evident, with green hydrogen costing around 2-3 times more than grey hydrogen, and fuel cells for green hydrogen power being priced 1.5-2 times higher than their fossil fuel counterparts. Moreover, the synthetic nature of green hydrogen results in its cost being 5-7 times higher than fossil jet fuel. Despite these cost challenges, green hydrogen remains a crucial component in the chemical industry, serving as a key ingredient in the production of methanol, ammonia, and various chemical compounds used in manufacturing processes. The rising demand for green feedstock and precursor molecules produced using low-CO2 hydrogen presents significant growth opportunities for the global green hydrogen market, particularly in sectors like automotive, electronics, pharmaceuticals, and transportation. Methanol derived from green hydrogen is increasingly utilized as a direct fuel or blended with gasoline and LPG streams, particularly in countries like China, where it offers a cost-effective alternative. While economic feasibility remains a concern, the market's trajectory towards green feedstock and low-CO2 hydrogen utilization indicates positive growth potential for the global green hydrogen sector.