Published on : Dec 11, 2018
Albany, New York, December 11, 2018: The merchant hydrogen market continues to rise as requirement for hydrogen in the petroleum refineries overgrows the available captive resources of refiners. Proliferation in merchant hydrogen demand in refinery hydroprocessing across developing nations of Asia is further expected to drive growth of the merchant hydrogen market. These insights are obtained from the report titled “Merchant Hydrogen: Industrial Gas and Energy Markets,” incorporated in the repository of the Market Research Hub (MRH).
Merchant hydrogen continues to seek extensive adoption in various industrial processes including manufacturing of diesel, jet fuel, gasoline, pharmaceuticals, agricultural fertilizers, metals, plastics, and food oil products. Semiconductor and food manufacturing have prevailed as lucrative areas where merchant hydrogen has witnessed huge demand, and the status quo is expected to prevail in the near future. Merchant hydrogen has also emerged as a key fuel or energy source in the transportation sector, however the application area is yet at its infancy.
Adherence to regulations related to motor vehicle regulations across developed nations has resulted in demand for gasoline and diesel with low sulfur content, which in turn has led the demand for merchant hydrogen as a consequence. The trend is further expected to be driven by efforts of developing countries in addressing air pollution challenges through enforcement of stricter clean fuel regulations.
Merchant Hydrogen Market: Report Summary
The report offers a clear understanding and concise overview of the merchant hydrogen market and provides forecast on the market to the year 2023. 2017 is considered as the base year for all the forecast numbers offered for the merchant hydrogen market. The report offers market data values at regional and global levels for every application area highlighted for the sol-gel processing.
The estimated values have been based on entire revenues of the companies in the merchant hydrogen market. The report has also covered economic and technological trends influencing growth of the merchant hydrogen market. The report has also reviewed the historical information of the sol-gel processing coupled with its attributes, as well as identified emerging applications in the merchant hydrogen market.
Merchant Hydrogen Market: Detailed Analysis
In-depth analysis of the merchant hydrogen is primary aim of this report, along with the analysis of the market trends for 2017 and 2018. The report has offered projections of the CAGRs for all the segments identified in the merchant hydrogen market to the year 2023. Identification of business and technological issues is a key provision of the merchant hydrogen market report.
Scope of the report is to evaluate factors fuelling demand for merchant hydrogen across the globe, coupled with trends, growth forecasts, and sales potential. Insights on demand & supply trends in the merchant hydrogen market is also included in the report’s scope. The report also offers a detailed assessment on competition landscape of the merchant hydrogen market, and profiles key players operating in the market. Key market players profiled in the merchant hydrogen market report include Airgas, Inc., Air Products and Chemicals, Inc., Air Liquide, Praxair, Inc., and Linde AG.
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