Rising Demand and Opportunities in the Brown Hydrogen Market
Key Ideas
- Brown hydrogen market valued at $30.4 billion in 2020, projected to reach $48.9 billion by 2030, growing at a 4.7% CAGR.
- Factors driving market growth include availability and low prices of coal, while hindrances include high carbon footprint and competition from green hydrogen.
- Technology segment of coal gasification with carbon capture and storage expected to grow at 11.7% CAGR, with significant growth in the chemical end-use industry.
- Asia-Pacific region forecasted to grow at a CAGR of 9.8% due to increased demand, particularly from countries like Australia and India.
The brown hydrogen market, valued at $30.4 billion in 2020, is expected to reach $48.9 billion by 2030 with a compound annual growth rate (CAGR) of 4.7%. Brown hydrogen, produced through coal gasification, involves converting coal into hydrogen and carbon dioxide. While factors like affordable raw materials and production costs drive market growth, challenges include the carbon footprint and competition from green hydrogen. The coal gasification with carbon capture and storage technology segment is projected to grow significantly at an 11.7% CAGR, particularly in the chemical industry. The Asia-Pacific region is anticipated to experience a CAGR of 9.8%, driven by increased demand from countries such as Australia and India. Key players in this market include Air Products, Air Liquide, Sasol, Sinopec, Iwatani Corp, and J-Power. The market analysis provides insights into industry trends, investment opportunities, and growth projections for the brown hydrogen market until 2030.
Topics
North America
Market Analysis
Carbon Capture
Investment Opportunities
Key Players
Industry Trends
Coal Gasification
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