Grey Hydrogen Market By Source, By Production Method, By Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Grey Hydrogen Market," The grey hydrogen market was valued at $131.8 billion in 2022, and is estimated to reach $174.9 billion by 2032, growing at a CAGR of 2.9% from 2023 to 2032.

Grey hydrogen is a type of hydrogen that is produced from fossil fuels, typically natural gas, through a process called steam methane reforming (SMR). This process produces hydrogen gas and carbon dioxide (CO2) as a byproduct. Grey hydrogen is the most common type of hydrogen produced globally and is widely used in industrial applications such as petroleum refining, ammonia production, and methanol production. Coal is one of the primary feedstocks for producing grey hydrogen through the coal gasification process. Coal gasification involves reacting coal with steam and oxygen to produce a mixture of hydrogen, carbon monoxide, and carbon dioxide. The hydrogen is then separated and purified for use in various applications. However, the production of grey hydrogen from coal has several environmental drawbacks. Firstly, coal is a fossil fuel, and its extraction and use generate significant carbon dioxide emissions, which contribute to climate change.

Grey hydrogen is typically used as the source of hydrogen gas in this process, as it is the most cost-effective method of producing hydrogen at scale. Methanol production is a significant consumer of hydrogen, with around 8-10 tons of hydrogen needed to produce 1 ton of methanol. However, as with ammonia production, it is important to note that the production of methanol using grey hydrogen generates significant carbon emissions, which contribute to climate change. Grey hydrogen can also be used in other refinery processes, such as hydrotreating and hydrocracking. Grey hydrogen is utilized in the desulfurization process, where sulfur compounds are removed from petroleum products. This is particularly important for meeting stringent environmental regulations on sulfur content in fuels, such as the sulfur limits in gasoline and diesel set by various countries.

Liquid hydrogen is used in aviation and especially aerospace sectors. Moreover, large-scale production of synthetic fuels derived from hydrocarbons and electric vehicles operating on fuel cells contributes to the rising demand for the product. Such demand potential must be met and thus needs speeding up grey hydrogen production. Grey hydrogen can be used as a fuel in transportation, particularly in heavy-duty vehicles such as buses and trucks. As the world seeks to reduce greenhouse gas emissions from the transportation sector, there is increasing interest in fuel cell vehicles that use grey hydrogen as a fuel. Blue hydrogen has a similar production process to that of grey hydrogen with carbon capture in the process.

The carbon capture rate is assumed to be 98% and 68% with methane leakage of about 0.2% to 1.5% for grey and blue hydrogen, respectively. Green hydrogen is the cleanest hydrogen that is produced through electrolysis which has no leakage and zero carbon emissions only when the source of electricity is renewable sources such as solar or wind power. Green hydrogen is made by using clean electricity from surplus renewable energy sources, such as solar or wind power, to electrolyze water. Electrolyzers use an electrochemical reaction to split water into its components of hydrogen and oxygen, emitting zero-carbon dioxide in the process. This acts as a restraining factor for the grey hydrogen market growth.

Despite the environmental concerns associated with grey hydrogen, it still has important applications in various industries. For example, it is used in the production of fertilizers, which are essential for modern agriculture. Grey hydrogen can also be used as a feedstock for the production of other chemicals, such as methanol and synthetic fuels. In summary, grey hydrogen is a widely used type of hydrogen that is produced from fossil fuels. It has applications in power generation and various industrial processes, but its use contributes to CO2 emissions and climate change. As a result, there is growing interest in developing cleaner methods of producing hydrogen, such as green hydrogen.

The grey hydrogen market size is studied on the basis of source, production method, application, and region. By source, the grey hydrogen market is bifurcated into natural gas, coal, and others. Depending on the production method, the market is further classified into steam reformation, gasification, and others. By application, the market is divided into ammonia production, methanol production, refineries, chemical production, and others. By region, the grey hydrogen market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa).

The major players operating in the grey hydrogen industry are Linde plc, Air Liquide, Orsted A/S, Iberdrola SA, Air Products & Chemicals, Inc., Indian Oil Corporation Ltd., Reliance Industries, China National Petroleum Corporation, Exxon Mobil Corporation, and Messer Group GmbH. The drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the grey hydrogen market analysis from 2022 to 2032 to identify the prevailing grey hydrogen market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the grey hydrogen market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global grey hydrogen market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Source

Natural Gas
Coal
Others

By Production Method

Steam Reformation
Gasification
Others

By Application

Ammonia Production
Methanol Production
Refineries
Chemical Production
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA

Key Market Players:

Messer Group
Air Liquide
Iberdrola S.A.
Orsted A/S
Exxon Mobil Corporation
Reliance Industries Ltd - (RIL) India
Linde plc
Air Products & Chemicals Inc.
China National Petroleum Corporation
Indian Oil Corporation Limited

Product Code: A74587

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Increased commercial viability
  - 3.4.1.2. Growth in energy demand and industrial applications
  - 3.4.1.3. Rise in demand for hydrogen as alternative fuels
  - 3.4.1.4. Rise in demand for hydrogen from transportation sector

3.4.2. Restraints
- 3.4.2.1. Lack of policies and regulatory framework
- 3.4.2.2. Rise in blue and green hydrogen demand
- 3.4.2.3. Cost of grey hydrogen

3.4.3. Opportunities
- 3.4.3.1. Flexibility of hydrogen leading to integration on site

3.5. COVID-19 Impact Analysis on the market
3.6. Patent Landscape
3.7. Pricing Analysis
3.8. Value Chain Analysis

CHAPTER 4: GREY HYDROGEN MARKET, BY SOURCE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Natural Gas
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Coal
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Others
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: GREY HYDROGEN MARKET, BY PRODUCTION METHOD

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Steam Reformation
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Gasification
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Others
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: GREY HYDROGEN MARKET, BY APPLICATION

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Ammonia Production
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Methanol Production
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Refineries
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Chemical Production
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country

CHAPTER 7: GREY HYDROGEN MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Source
- 7.2.3. Market size and forecast, by Production Method
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Key market trends, growth factors and opportunities
  - 7.2.5.1.2. Market size and forecast, by Source
  - 7.2.5.1.3. Market size and forecast, by Production Method
  - 7.2.5.1.4. Market size and forecast, by Application
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Key market trends, growth factors and opportunities
  - 7.2.5.2.2. Market size and forecast, by Source
  - 7.2.5.2.3. Market size and forecast, by Production Method
  - 7.2.5.2.4. Market size and forecast, by Application
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Key market trends, growth factors and opportunities
  - 7.2.5.3.2. Market size and forecast, by Source
  - 7.2.5.3.3. Market size and forecast, by Production Method
  - 7.2.5.3.4. Market size and forecast, by Application
7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Source
- 7.3.3. Market size and forecast, by Production Method
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Key market trends, growth factors and opportunities
  - 7.3.5.1.2. Market size and forecast, by Source
  - 7.3.5.1.3. Market size and forecast, by Production Method
  - 7.3.5.1.4. Market size and forecast, by Application
  - 7.3.5.2. UK
  - 7.3.5.2.1. Key market trends, growth factors and opportunities
  - 7.3.5.2.2. Market size and forecast, by Source
  - 7.3.5.2.3. Market size and forecast, by Production Method
  - 7.3.5.2.4. Market size and forecast, by Application
  - 7.3.5.3. France
  - 7.3.5.3.1. Key market trends, growth factors and opportunities
  - 7.3.5.3.2. Market size and forecast, by Source
  - 7.3.5.3.3. Market size and forecast, by Production Method
  - 7.3.5.3.4. Market size and forecast, by Application
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Key market trends, growth factors and opportunities
  - 7.3.5.4.2. Market size and forecast, by Source
  - 7.3.5.4.3. Market size and forecast, by Production Method
  - 7.3.5.4.4. Market size and forecast, by Application
  - 7.3.5.5. Spain
  - 7.3.5.5.1. Key market trends, growth factors and opportunities
  - 7.3.5.5.2. Market size and forecast, by Source
  - 7.3.5.5.3. Market size and forecast, by Production Method
  - 7.3.5.5.4. Market size and forecast, by Application
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Key market trends, growth factors and opportunities
  - 7.3.5.6.2. Market size and forecast, by Source
  - 7.3.5.6.3. Market size and forecast, by Production Method
  - 7.3.5.6.4. Market size and forecast, by Application
7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Source
- 7.4.3. Market size and forecast, by Production Method
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Key market trends, growth factors and opportunities
  - 7.4.5.1.2. Market size and forecast, by Source
  - 7.4.5.1.3. Market size and forecast, by Production Method
  - 7.4.5.1.4. Market size and forecast, by Application
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Key market trends, growth factors and opportunities
  - 7.4.5.2.2. Market size and forecast, by Source
  - 7.4.5.2.3. Market size and forecast, by Production Method
  - 7.4.5.2.4. Market size and forecast, by Application
  - 7.4.5.3. India
  - 7.4.5.3.1. Key market trends, growth factors and opportunities
  - 7.4.5.3.2. Market size and forecast, by Source
  - 7.4.5.3.3. Market size and forecast, by Production Method
  - 7.4.5.3.4. Market size and forecast, by Application
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Key market trends, growth factors and opportunities
  - 7.4.5.4.2. Market size and forecast, by Source
  - 7.4.5.4.3. Market size and forecast, by Production Method
  - 7.4.5.4.4. Market size and forecast, by Application
  - 7.4.5.5. Australia
  - 7.4.5.5.1. Key market trends, growth factors and opportunities
  - 7.4.5.5.2. Market size and forecast, by Source
  - 7.4.5.5.3. Market size and forecast, by Production Method
  - 7.4.5.5.4. Market size and forecast, by Application
  - 7.4.5.6. Rest of Asia-Pacific
  - 7.4.5.6.1. Key market trends, growth factors and opportunities
  - 7.4.5.6.2. Market size and forecast, by Source
  - 7.4.5.6.3. Market size and forecast, by Production Method
  - 7.4.5.6.4. Market size and forecast, by Application
7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Source
- 7.5.3. Market size and forecast, by Production Method
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Key market trends, growth factors and opportunities
  - 7.5.5.1.2. Market size and forecast, by Source
  - 7.5.5.1.3. Market size and forecast, by Production Method
  - 7.5.5.1.4. Market size and forecast, by Application
  - 7.5.5.2. Saudi Arabia
  - 7.5.5.2.1. Key market trends, growth factors and opportunities
  - 7.5.5.2.2. Market size and forecast, by Source
  - 7.5.5.2.3. Market size and forecast, by Production Method
  - 7.5.5.2.4. Market size and forecast, by Application
  - 7.5.5.3. South Africa
  - 7.5.5.3.1. Key market trends, growth factors and opportunities
  - 7.5.5.3.2. Market size and forecast, by Source
  - 7.5.5.3.3. Market size and forecast, by Production Method
  - 7.5.5.3.4. Market size and forecast, by Application
  - 7.5.5.4. Rest of LAMEA
  - 7.5.5.4.1. Key market trends, growth factors and opportunities
  - 7.5.5.4.2. Market size and forecast, by Source
  - 7.5.5.4.3. Market size and forecast, by Production Method
  - 7.5.5.4.4. Market size and forecast, by Application

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Exxon Mobil Corporation
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
9.2. Iberdrola S.A.
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
9.3. Linde plc
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
9.4. Orsted A/S
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
9.5. Air Liquide
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
9.6. Air Products & Chemicals Inc.
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
9.7. Indian Oil Corporation Limited
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
9.8. Reliance Industries Ltd - (RIL) India
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
9.9. Messer Group
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
9.10. China National Petroleum Corporation
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance