Global Merchant Hydrogen Market Revenue, Opportunity, Segment and Key Trends Analysis to 2022-202
Merchant hydrogen refers to hydrogen generated on site or in a central production facility and sold to a consumer by pipeline, bulk tank, or cylinder truck delivery. It is used by industry for refining petroleum, treating metals, producing fertilizer, and processing foods., The Global Merchant Hydrogen Market is poised to grow by 8 million tons during 2022-2028, progressing at a CAGR of 10.5% during the forecast period.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global merchant hydrogen market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the merchant hydrogen industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the application, and region. The global market for merchant hydrogen can be segmented by application: oil refining, chemicals andmetallurgy, electronics, food, power, others. The oil refining segment was the largest contributor to the global merchant hydrogen market in 2021. Merchant hydrogen market is further segmented by region: China, Europe, USA, Rest of the World (RoW). According to the research, USA had the largest share in the global merchant hydrogen market.
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