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Hydrogen Market analysis and Demand Forecast to 2023

The increasing use of hydrogen in petroleum industries is propelling the growth of the global hydrogen market. The other end-user industries for hydrogen include metal processing industries, chemical manufacturing, pharmaceuticals, and food processing.

The increasing use of

The increasing use of hydrogen in petroleum industries is propelling the growth of the global hydrogen market. The other end-user industries for hydrogen include metal processing industries, chemical manufacturing, pharmaceuticals, and food processing. Request Sample pages of this report : https://www.psmarketresearch.com/marketanalysis/hydrogen-market/report-sample The rising per capita vehicle ownership and consequential demand for petroleum is fuelling the demand for hydrogen globally. Apart, their scope in refineries as a chemical compound further acts as a driving factor for the hydrogen market. Some of the other drivers behind the growing global demand of hydrogen include increasing demand of hydrogen from refinery hydro-processing industry, and growing concept of power-togas. Power-to-gas concept is designed to conserve energy and optimally utilize renewable sources. On the basis of production and delivery, the global hydrogen market can be segmented into merchant production and captive production. On the basis of production process, the hydrogen market can be classified as gasification of coal, steam reforming of natural gases, partial oxidation of hydrocarbons, electrolysis of water, and others. Geographically, Asia-Pacific is the largest revenue generating region globally for the hydrogen market. Rise in number of ammonia production plants and increasing refinery output is driving the Asia-Pacific hydrogen market, particularly in countries such as India, China, and Malaysia. North America is the second-largest market for hydrogen. Access Report Summary with Detailed TOC at : https://www.psmarketresearch.com/marketanalysis/hydrogen-market Some of the key players in the global hydrogen market include Messer Group GmbH, Airgas Inc., Taiyo Nippon Sanso Corporation, Iwatani Corporation, Hydrogenics Corporation, Air Products and Chemicals Inc., Showa Denko K.K, Air Liquide S.A. and Praxair Inc. About P&S Market Research P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research-based consulting services across different industry/business verticals. As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity and framing informed and customized business expansion strategies in different regions.

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