A recent report from the International Chamber of Shipping forecasts a substantial surge in hydrogen demand by 2040, with the industrial sector poised to lead the charge. The report highlights that industrial sectors such as chemicals, fertilizers, steel, and cement are likely to drive this demand, primarily due to the relatively easier adoption of hydrogen technologies. While other sectors like transport and buildings are also expected to contribute to hydrogen demand growth, the pace and extent of adoption may vary due to infrastructure and regulatory complexities. The transition towards hydrogen is crucial for decarbonization efforts globally. Industries already utilizing hydrogen as a feedstock are better positioned to switch to alternative hydrogen sources, provided it aligns with economic considerations. The study underscores the necessity for a significant increase in hydrogen production to achieve the Net Zero by 2050 objective, which would necessitate a substantial scale-up of renewable energy capacities. Despite the optimistic outlook on hydrogen demand growth, challenges such as infrastructure limitations and regulatory hurdles could impede the progress. The report asserts that meeting the ambitious targets would demand meticulous planning and substantial investments in renewable energy sources. The industry's ability to adapt to evolving technologies and market demands will play a pivotal role in realizing the full potential of hydrogen as a clean energy source.