Europe Green Hydrogen & Blue Chemicals Market: By Product (Green H2, Blue H2, & Blue NH3), Application (Stationary, Mobility, & Consumables), and Country (Austria, Germany, UK, France, Italy, Spain & Rest of Europe)  

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Europe Green Hydrogen and Blue Chemicals Market size was valued at USD x billion in 2023 and is poised to grow at a CAGR of x% from 2024-2030. The rise in R&D for the development of electrolyzes and strong demand for green hydrogen and blue chemicals from different application areas across the Europe region. Europe Green Hydrogen and Blue Chemicals Market Growing partnerships/collaborations among electrolyzer manufacturers, gas-producing companies, gas infrastructure companies, and Universities/research Institutes across Europe are also anticipated to support the adoption of this electrolyser and are expected to increase the production and as well consumption of green hydrogen in near future.

In addition, growing interest among companies and increasing focus of governments to reduce carbon emissions by adopting technologies, like CCS technologies, is further promoting the growth of blue hydrogen shortly. Europe's Green Hydrogen & Blue Chemicals market is escalating owing to the implementation of certain strategies by key players to promote the production and consumption of green hydrogen and blue chemicals to meet the demands of the customers in the market. For instance, In 20120, Air Liquide Planned to install high-pressure HRS for low-carbon H2, which can be used for large trucks across Europe. This HRS is anticipated to be operational by 2022. In 2020, Air Products entered into an Exclusive Strategic Cooperation Agreement with thyssenkrupp. These focus on key regions around the world, including Europe, to develop global-scale electrolysis plants to produce and supply green hydrogen.

Europe Green Hydrogen and Blue Chemicals Market Key Developments:
  • As European gas costs rise, green hydrogen sees an opportunity to profit: In March 2022, Soaring gas costs, exacerbated by the escalating conflict in Ukraine, are reinforcing arguments for the green hydrogen industry in Europe, which is now considered as having a price edge over grey or blue hydrogen alternatives derived from fossil fuels. Investors and hydrogen enterprises, on the other hand, still need legislative clarity to leverage this advantage and begin growing.
  • On July 8, 2020, the EU's executive Commission aims to release its hydrogen strategy, which will serve as the foundation for EU law and funding to scale up hydrogen generation to replace fossil fuels in industries such as chemicals and transportation. In a letter sent to EU leaders on June 24 and released on Thursday, more than 30 industry groups and energy companies, including ExxonMobil, Equinor, and Uniper, urged the Commission to take a "technology-neutral" approach to its strategy, not favoring renewable hydrogen over other low-carbon versions of the fuel.

Europe Green Hydrogen & Blue Chemicals Market Dynamics

At current period (2019-2020), Germany is the only country which has the highest number of HRS around 100 HRSs followed by France, UK, Spain, with 20-25, 18 to 20, & 6 to 20 HRSs, respectively. Whereas the remaining countries like Austria, Norway, Belgium, Netherlands, & Denmark are having low number of HRSs ranging from 3 to 10. During 2021 to 2022 all major Europe countries are anticipated to increase the number of HRSs from previously existing number. Whereas, during 2023-2025, further increase in number of HRSs are anticipated and Germany, UK, & Spain are expected to offer huger opportunities for green H2. And beyond 2025 period, the range of HRSs are expected to increase from more than 500 to 1,000 and it can be varied from country. Such rising number of HRSs is anticipated to drive the market growth for green H2 in mobility sector in Europe during forecast period

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Europe Green Hydrogen And Blue Chemicals Market Segmentation

By Product
  • Green H2
  • Blue H2
  • Blue NH3
By Application
  • Stationary
  • Mobile
  • Consumables
By Country
  • Austria
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Frequently Asked Questions

2023 is the base year and 2030 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

The Europe Green Hydrogen & Blue Chemicals Market Key Players are Air Liquide, Air Products, Linde Group

  • Air Liquide
  • Air Products
  • Linde Group
  • Yara International ASA
  • Hy2gen AG
  • Lhyfe

Adjacent Markets