The report on the global hydrogen market puts forth the facts that have made this industry a highly flourishing one. It lays emphasis on how the world economy is shifting its focus towards employing hydrogen in the manufacturing processes brought about by the “clean fuel” culture. The hydrogen market at present is the backbone of several industry verticals. The global refinery market uses hydrogen in processes such as petroleum hydro-cracking and hydro-treating.
The common production processes employed in the hydrogen market are electrolysis of water, coal gasification, partial oxidation (mainly of hydrocarbons), and steam reforming of natural gas. Geographically, the report systematically classifies the hydrogen market into Asia Pacific, North America, Europe, and Rest of the World.
The trend analysis included in the report indicates that despite the U.S. being the largest demand base for the global hydrogen market, it is the dragon economy of China that will voraciously consume hydrogen in the years to come. China will also address the issue of vehicular emissions via the implementation of regulatory standards that discourage the use of sulfur based fuels. It is anticipated that this future market trend will significantly drive the overall hydrogen market.
In early 2015, France-based Air Liquide, a renowned global supplier and service provider of industrial gases finally established hydrogen filling hubs meant for public use in the Japanese cities of Toyota and Nagoya.
The research report highlights the potential areas of growth in the hydrogen market via detailed analysis of demand drivers, market growth inhibitors, and also the potential growth opportunities. Few of the top performing companies in the hydrogen market are Showa Denko K.K., Hydrogenics Corporation, Taiyo Nippon Sanso Corporation, Air Products and Chemicals Inc., Air Liquide S.A., Airgas Inc., Messer Group GmbH, Linde AG, and Praxair Inc.
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