Market Overview:
The global hydrogen production by steam-methane reforming market is estimated to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The market growth is attributed to the increasing demand for hydrogen as a fuel and feedstock in various applications such as chemical, oil refining, general industry, transportation, and metal working. However, the high cost of investment and lack of awareness about the benefits of hydrogen are restraining the growth of this market. Based on type, the global hydrogen production by steam-methane reforming market is segmented into steam methane PSA reforming and steam methane reforming by ammonia absorption method. The Steam Methane PSA Reforming segment is expected to grow at a higher CAGR during the forecast period owing to its advantages such as low capital investment requirements and easy operation & maintenance. Based on application, the global hydrogen production by steam-methane reforming market is segmented into chemical industry; oil refining; general industry; transportation sector; metal working sector. Among these applications segments, chemical industry held majority share in 2017 due to rising demand for petrochemicals across different regions worldwide. Some key players operating in this market include Air Liquide (France), Linde AG (Germany), Praxair Inc.
Product Definition:
Hydrogen production by steam-methane reforming is the process of producing hydrogen gas from methane and steam. The importance of hydrogen production by steam-methane reforming is that it is a clean and efficient way to produce hydrogen gas, which can be used as a fuel or to produce electricity.
Steam Methane PSA Reforming:
The steam methane reforming process is used to produce hydrogen and methanol. The steam methane reforming process has a growth factor of around 2.5 times than the conventional method for producing hydrogen, i.e., by using natural gas as a raw material (NGPR).
Steam Methane Reforming by Ammonia Absorption Method:
The steam methane reforming by ammonia absorption method and it's usage in hydrogen production by the steam-methane reforming market is a process where hydrogen and methanol are produced from natural gas. The major advantage of this process is that it does not use any carbon monoxide or other impurities which are formed during the reaction. Also, this method produces purer forms of hydrogen and methanol as compared to other methods which form carbon monoxide along with other impurities.
Application Insights:
The chemical segment dominated the global market in 2017, accounting for over 60% of the total revenue share. The growth can be attributed to rising demand for chemicals such as formaldehyde, methanol and ammonia from various end-use industries including plastics and coatings. In addition, steam methane reforming process provides flexibility in manufacturing chemicals required by the market at a lower cost as compared to other methods of production.
Hydrogen produced by PSA is used directly in ammonia plants or converted into methanol which is further utilized in different end-use industries such as paints & coatings (Ammonia) (Methanol). Ammonia plant uses hydrogen produced from onsite power generation or fossil fuels like natural gas and petroleum products like coal and wood chips that contain carbon monoxide which reacts with water producing ammonium nitrate when combined with oxygen.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing demand for hydrogen from various end-use industries, such as chemical, oil refining and general industry. The region is expected to witness significant growth over the forecast period on account of rising investments in LNG transportation and growing industrialization.
The Asia Pacific regional market accounted for a share of more than 60% of total revenue in 2017 due to high demand from end-use industries coupled with low costs involved in production. China emerged as a major producer and consumer across this region owing to its large population base along with rapid urbanization resulting into increased energy consumption.
North America is projected to grow at an estimated CAGR of XX% over the forecast period on account of increasing use across several applications including metal working, oil refining, chemical manufacturing and renewable energy generation.
Growth Factors:
- Increasing demand for hydrogen as a fuel source in various end-use industries such as transportation, chemicals, and refining is expected to drive the market growth.
- Proliferation of clean energy technologies such as fuel cells and solar photovoltaics is anticipated to create new opportunities for the hydrogen production market over the forecast period.
- Stringent environmental regulations pertaining to greenhouse gas emissions are likely to propel the demand for hydrogen as a cleaner alternative fuel source over the next few years.
- Growing investments in research and development activities by key players in order to develop advanced technologies for steam methane reforming is projected to boost market growth during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrogen Production by Steam-methane Reforming Market Research Report
By Type
Steam Methane PSA Reforming, Steam Methane Reforming by Ammonia Absorption Method
By Application
Chemical, Oil Refining, General Industry, Transportation, Metal Working
By Companies
Air Liquide, Hydrocarbon China, Emerson, Linde-Engineering, Mahler-ags, Mcdermott, Hygear, Toyo Engineering Corporation, Diva Portal, TechnipFMC, Gti Energy, Air Products, Plant Process, Woodside
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Hydrogen Production by Steam-methane Reforming Market Report Segments:
The global Hydrogen Production by Steam-methane Reforming market is segmented on the basis of:
Types
Steam Methane PSA Reforming, Steam Methane Reforming by Ammonia Absorption Method
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical, Oil Refining, General Industry, Transportation, Metal Working
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Air Liquide
- Hydrocarbon China
- Emerson
- Linde-Engineering
- Mahler-ags
- Mcdermott
- Hygear
- Toyo Engineering Corporation
- Diva Portal
- TechnipFMC
- Gti Energy
- Air Products
- Plant Process
- Woodside
Highlights of The Hydrogen Production by Steam-methane Reforming Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Steam Methane PSA Reforming
- Steam Methane Reforming by Ammonia Absorption Method
- By Application:
- Chemical
- Oil Refining
- General Industry
- Transportation
- Metal Working
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydrogen Production by Steam-methane Reforming Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Steam-methane reforming is a process that converts natural gas into hydrogen and carbon dioxide. The hydrogen is used to create hydrocarbons, which can be burned in engines to create energy.
Some of the major players in the hydrogen production by steam-methane reforming market are Air Liquide, Hydrocarbon China, Emerson, Linde-Engineering, Mahler-ags, Mcdermott, Hygear, Toyo Engineering Corporation, Diva Portal, TechnipFMC, Gti Energy, Air Products, Plant Process, Woodside.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydrogen Production by Steam-methane Reforming Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hydrogen Production by Steam-methane Reforming Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydrogen Production by Steam-methane Reforming Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hydrogen Production by Steam-methane Reforming Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hydrogen Production by Steam-methane Reforming Market Size & Forecast, 2018-2028
4.5.1 Hydrogen Production by Steam-methane Reforming Market Size and Y-o-Y Growth
4.5.2 Hydrogen Production by Steam-methane Reforming Market Absolute $ Opportunity
Chapter 5 Global Hydrogen Production by Steam-methane Reforming Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hydrogen Production by Steam-methane Reforming Market Size Forecast by Type
5.2.1 Steam Methane PSA Reforming
5.2.2 Steam Methane Reforming by Ammonia Absorption Method
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hydrogen Production by Steam-methane Reforming Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hydrogen Production by Steam-methane Reforming Market Size Forecast by Applications
6.2.1 Chemical
6.2.2 Oil Refining
6.2.3 General Industry
6.2.4 Transportation
6.2.5 Metal Working
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrogen Production by Steam-methane Reforming Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hydrogen Production by Steam-methane Reforming Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hydrogen Production by Steam-methane Reforming Analysis and Forecast
9.1 Introduction
9.2 North America Hydrogen Production by Steam-methane Reforming Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hydrogen Production by Steam-methane Reforming Market Size Forecast by Type
9.6.1 Steam Methane PSA Reforming
9.6.2 Steam Methane Reforming by Ammonia Absorption Method
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hydrogen Production by Steam-methane Reforming Market Size Forecast by Applications
9.10.1 Chemical
9.10.2 Oil Refining
9.10.3 General Industry
9.10.4 Transportation
9.10.5 Metal Working
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hydrogen Production by Steam-methane Reforming Analysis and Forecast
10.1 Introduction
10.2 Europe Hydrogen Production by Steam-methane Reforming Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hydrogen Production by Steam-methane Reforming Market Size Forecast by Type
10.6.1 Steam Methane PSA Reforming
10.6.2 Steam Methane Reforming by Ammonia Absorption Method
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hydrogen Production by Steam-methane Reforming Market Size Forecast by Applications
10.10.1 Chemical
10.10.2 Oil Refining
10.10.3 General Industry
10.10.4 Transportation
10.10.5 Metal Working
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hydrogen Production by Steam-methane Reforming Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hydrogen Production by Steam-methane Reforming Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hydrogen Production by Steam-methane Reforming Market Size Forecast by Type
11.6.1 Steam Methane PSA Reforming
11.6.2 Steam Methane Reforming by Ammonia Absorption Method
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hydrogen Production by Steam-methane Reforming Market Size Forecast by Applications
11.10.1 Chemical
11.10.2 Oil Refining
11.10.3 General Industry
11.10.4 Transportation
11.10.5 Metal Working
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hydrogen Production by Steam-methane Reforming Analysis and Forecast
12.1 Introduction
12.2 Latin America Hydrogen Production by Steam-methane Reforming Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hydrogen Production by Steam-methane Reforming Market Size Forecast by Type
12.6.1 Steam Methane PSA Reforming
12.6.2 Steam Methane Reforming by Ammonia Absorption Method
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hydrogen Production by Steam-methane Reforming Market Size Forecast by Applications
12.10.1 Chemical
12.10.2 Oil Refining
12.10.3 General Industry
12.10.4 Transportation
12.10.5 Metal Working
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hydrogen Production by Steam-methane Reforming Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hydrogen Production by Steam-methane Reforming Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hydrogen Production by Steam-methane Reforming Market Size Forecast by Type
13.6.1 Steam Methane PSA Reforming
13.6.2 Steam Methane Reforming by Ammonia Absorption Method
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hydrogen Production by Steam-methane Reforming Market Size Forecast by Applications
13.10.1 Chemical
13.10.2 Oil Refining
13.10.3 General Industry
13.10.4 Transportation
13.10.5 Metal Working
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hydrogen Production by Steam-methane Reforming Market: Competitive Dashboard
14.2 Global Hydrogen Production by Steam-methane Reforming Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Air Liquide
14.3.2 Hydrocarbon China
14.3.3 Emerson
14.3.4 Linde-Engineering
14.3.5 Mahler-ags
14.3.6 Mcdermott
14.3.7 Hygear
14.3.8 Toyo Engineering Corporation
14.3.9 Diva Portal
14.3.10 TechnipFMC
14.3.11 Gti Energy
14.3.12 Air Products
14.3.13 Plant Process
14.3.14 Woodside
