Hydrogen Gas Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Hydrogen Gas Market Report is Segmented by Distribution (Pipelines, High-Pressure Tube Trailers, and Cylinders), Application (Ammonia, Methanol, Refining, Direct Reduced Iron (DRI), Fuel Cell Vehicles (FCV), and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Report Offers Market Size and Forecasts in Volume (Kilotons) for all the Above Segments.

Hydrogen Gas Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Hydrogen Gas Market Size

Hydrogen Gas Market Summary
Study Period 2019 - 2030
Market Volume (2025) 113.86 Million tons
Market Volume (2030) 137.53 Million tons
CAGR 3.85 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Hydrogen Gas Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Hydrogen Gas Market Analysis

The Hydrogen Gas Market size is estimated at 113.86 million tons in 2025, and is expected to reach 137.53 million tons by 2030, at a CAGR of 3.85% during the forecast period (2025-2030).

The hydrogen industry is undergoing a significant transformation as countries worldwide accelerate their transition toward cleaner energy sources. Infrastructure development has become a key focus area, with several major projects being launched in 2023-2024. For instance, Germany's ambitious hydrogen infrastructure development includes plans for a 5,900 km hydrogen grid network, which will be based on 90% existing natural gas pipeline infrastructure and create connections with the neighboring Netherlands. This trend of repurposing existing infrastructure is becoming increasingly common across developed markets as it offers a cost-effective solution for hydrogen gas transportation.


The industrial landscape is witnessing a surge in large-scale production facilities and strategic partnerships aimed at establishing robust hydrogen ecosystems. The chemical sector remains a significant consumer, with global ammonia production reaching approximately 150 million metric tons, highlighting the substantial industrial demand base. Major chemical manufacturers are increasingly investing in hydrogen-based production facilities, with several new projects announced in 2023 focusing on green hydrogen integration into existing chemical processes.


The transportation and mobility sector is emerging as a promising growth avenue for hydrogen gas applications. The development of hydrogen refueling infrastructure has accelerated, particularly in Europe and Asia-Pacific regions. In 2023, several countries announced comprehensive plans for expanding their hydrogen refueling station networks, with major automotive manufacturers increasingly committing to hydrogen fuel cell vehicle development programs. This trend is particularly evident in the heavy-duty vehicle segment, where hydrogen's high energy density offers significant advantages.


The market is experiencing a notable shift toward sustainable production methods, with a growing emphasis on green and blue hydrogen projects. Major energy companies are investing heavily in renewable hydrogen production facilities, particularly in regions with abundant renewable energy resources. The industry is witnessing increased collaboration between technology providers, energy companies, and end-users to develop integrated hydrogen solutions. These partnerships are crucial in addressing technical challenges and reducing costs associated with hydrogen production, storage, and distribution, while also focusing on developing standardized solutions for various applications.

Segment Analysis: Distribution

High-Pressure Tube Trailers Segment in Hydrogen Gas Distribution Market

High-pressure tube trailers dominate the hydrogen gas market, commanding approximately 84% of the market share in 2024. This significant market position is attributed to their versatility and efficiency in transporting large volumes of hydrogen gas across various distances. These trailers are particularly favored for their ability to maintain the high-pressure conditions necessary for hydrogen transport, making them ideal for serving multiple industries, including chemicals, refineries, and manufacturing sectors. The segment's dominance is further strengthened by the extensive network of established distribution channels and the growing demand for efficient hydrogen transportation solutions across industrial clusters.

Market Analysis of Hydrogen Gas Market: Chart for Distribution

Pipeline Segment in Hydrogen Gas Distribution Market

The pipeline segment is emerging as the fastest-growing distribution method in the hydrogen market, projected to experience substantial growth from 2024 to 2029. This growth is primarily driven by increasing investments in hydrogen infrastructure development and the rising demand for efficient, large-scale hydrogen transportation solutions. The segment's expansion is supported by various government initiatives promoting hydrogen infrastructure development and the increasing focus on creating dedicated hydrogen transportation networks. Pipeline distribution offers advantages such as continuous supply capability, reduced transportation costs over long distances, and enhanced safety features, making it increasingly attractive for large-scale hydrogen distribution projects.

Remaining Segments in Distribution

The cylinders segment plays a crucial role in the hydrogen gas distribution market, particularly in serving smaller-scale applications and end-users. This distribution method is essential for laboratories, small industrial applications, and emerging hydrogen fuel cell applications. Cylinders offer advantages in terms of flexibility, ease of handling, and suitability for varying volume requirements. The segment encompasses various material types, including steel, carbon fiber, and aluminum cylinders, each serving specific market needs based on pressure requirements, safety considerations, and application-specific demands. The versatility of cylinder-based distribution continues to make it an important component of the overall hydrogen distribution infrastructure.

Segment Analysis: End-User Industry

Chemicals Segment in Hydrogen Gas Market

The chemicals segment maintains its dominant position in the global hydrogen gas market, commanding approximately 50% of the total market share in 2024. This substantial market presence is primarily driven by the extensive use of hydrogen gas in the production of essential chemicals like ammonia and methanol. The segment's strength is particularly evident in major chemical manufacturing regions like China, which leads global ammonia production with around 39 million metric tons annually. The robust demand from fertilizer production, where ammonia serves as a key component, continues to bolster this segment's market leadership. Additionally, the growing methanol industry, especially in Northeast Asia, where rapid fuel demand and unconventional chemical production plants have created strong market dynamics, further reinforces the chemicals segment's commanding position in the hydrogen gas market.

Aerospace and Automotive Segment in Hydrogen Gas Market

The aerospace and automotive segment is experiencing the most rapid growth in the hydrogen industry, with an expected growth rate of approximately 11% during the forecast period 2024-2029. This exceptional growth is primarily driven by the increasing adoption of hydrogen fuel cell vehicles and the aviation industry's growing interest in hydrogen-powered aircraft. Major automotive manufacturers are actively expanding their hydrogen fuel cell vehicle portfolios, while aerospace companies are developing innovative hydrogen propulsion systems. The segment's growth is further supported by government initiatives promoting clean transportation and sustainable aviation fuel alternatives. The development of hydrogen refueling infrastructure and advancements in fuel cell technology are creating a robust foundation for this segment's continued expansion.

Remaining Segments in End-User Industry

The remaining segments in the hydrogen market include refining, energy, and other end-user industries, each playing crucial roles in market dynamics. The refining segment maintains significant market importance through its essential role in sulfur removal from gasoline and diesel fuel, contributing to cleaner fuel production. The energy sector, while smaller in volume, is vital for applications in combined heat and power systems. Other end-user industries encompass diverse applications such as glass manufacturing, welding, metal fabrication, and direct reduced iron for steel production, collectively contributing to the market's diversity. These segments continue to evolve with technological advancements and increasing focus on sustainable industrial processes.

Hydrogen Gas Market Geography Segment Analysis

Hydrogen Gas Market in Asia-Pacific

The Asia-Pacific region represents the largest and most dynamic hydrogen gas market globally. The region's dominance is driven by extensive industrial applications across chemical manufacturing, refining, and emerging clean energy initiatives. Countries like China, India, Japan, and South Korea are making significant investments in hydrogen infrastructure and technology development. The presence of major manufacturing hubs, a growing emphasis on clean energy transition, and supportive government policies are creating favorable conditions for growth in the hydrogen market across the region.

Market Analysis of Hydrogen Gas Market: Forecasted Growth Rate by Region

Hydrogen Gas Market in China

China maintains its position as the dominant force in the Asia-Pacific hydrogen gas market, holding approximately 48% share of the global market in 2024. The country's leadership is underpinned by its massive industrial base, particularly in the chemical manufacturing and refining sectors. China's commitment to hydrogen development is evident through its extensive network of hydrogen production facilities, a growing fuel cell vehicle fleet, and ambitious clean energy targets. The government's support through policies and investments in hydrogen infrastructure continues to strengthen China's market position.

Growth Dynamics in Chinese Market

China is experiencing the fastest growth in the Asia-Pacific region, with a projected CAGR of approximately 5% from 2024 to 2029. This rapid expansion is driven by increasing investments in hydrogen fuel cell vehicles, growing demand from chemical industries, and the government's push toward clean energy alternatives. The country's focus on developing green hydrogen production capabilities and expanding hydrogen refueling infrastructure is expected to maintain this growth momentum. China's commitment to reducing carbon emissions and promoting hydrogen as a key component of its energy mix continues to create new opportunities in the hydrogen industry.

Hydrogen Gas Market in North America

North America represents a significant hydrogen gas market, characterized by advanced infrastructure and technological capabilities. The region's market is primarily driven by established industrial applications and growing interest in clean energy solutions. The United States, Canada, and Mexico each contribute to the regional market through their distinct industrial bases and energy transition initiatives. The region's focus on reducing carbon emissions and promoting clean energy alternatives continues to shape growth in the hydrogen market.

Hydrogen Gas Market in United States

The United States dominates the North American hydrogen gas market, commanding approximately 16% of the global market share in 2024. The country's leadership position is supported by its extensive industrial base, particularly in the refining and chemical manufacturing sectors. The US market benefits from advanced infrastructure, technological expertise, and increasing investments in hydrogen fuel cell technology. The presence of major industrial gas companies and a growing focus on clean energy applications further strengthens the country's market position.

Growth Dynamics in United States Market

The United States maintains the highest growth rate in North America, with an expected CAGR of approximately 4% from 2024 to 2029. This growth is driven by increasing adoption of hydrogen in industrial applications, expanding fuel cell vehicle infrastructure, and growing investments in clean hydrogen production. The country's robust research and development capabilities, coupled with supportive government policies, continue to create favorable conditions for growth in the hydrogen market. The focus on developing green hydrogen capabilities and reducing carbon emissions across industries supports this growth trajectory.

Hydrogen Gas Market in Europe

Europe represents a mature and technologically advanced hydrogen market, with a strong focus on sustainable development and clean energy transition. The region's market is characterized by robust infrastructure, innovative technologies, and supportive regulatory frameworks. Germany, the United Kingdom, Italy, and France are key contributors to the regional market, each with distinct strengths and focus areas in hydrogen development.

Hydrogen Gas Market in Germany

Germany leads the European hydrogen gas market through its comprehensive approach to hydrogen development and strong industrial base. The country's leadership is supported by extensive research and development activities, strong manufacturing capabilities, and an ambitious hydrogen strategy. Germany's focus on developing green hydrogen infrastructure and promoting hydrogen use across various sectors positions it as a key player in the European hydrogen market.

Growth Dynamics in German Market

Germany exhibits the strongest growth potential in the European region, driven by its comprehensive hydrogen strategy and increasing investments in clean energy infrastructure. The country's commitment to developing a hydrogen-based economy, supported by significant investments in production facilities and distribution networks, continues to drive market expansion. Germany's focus on industrial decarbonization and promotion of hydrogen mobility solutions further supports its growth trajectory.

Hydrogen Gas Market in South America

The South American hydrogen gas market is emerging as a significant player in the global landscape, with Brazil and Argentina leading regional development. The market is characterized by growing industrial applications and an increasing focus on clean energy solutions. Brazil emerges as both the largest and fastest-growing market in the region, driven by its extensive industrial base and growing investments in hydrogen infrastructure. The region's abundant renewable energy resources and increasing focus on sustainable development create favorable conditions for market growth.

Hydrogen Gas Market in Middle East & Africa

The Middle East & Africa region presents a dynamic market for hydrogen gas, with significant potential for growth and development. The market is characterized by strong industrial applications, particularly in the refining and chemical manufacturing sectors. Saudi Arabia emerges as the largest market in the region, leveraging its extensive energy infrastructure and industrial capabilities. The United Arab Emirates shows the fastest growth potential, driven by ambitious clean energy initiatives and increasing investments in hydrogen projects. The region's abundant energy resources and growing focus on economic diversification continue to create new opportunities in the global hydrogen market.

Hydrogen Gas Industry Overview

Top Companies in Hydrogen Gas Market

The hydrogen gas market features prominent players like Air Liquide, Linde PLC, Air Products and Chemicals, BASF SE, and Equinor ASA leading the industry through continuous innovation and strategic expansion. Companies are increasingly focusing on developing advanced storage and distribution technologies, particularly in areas like composite pressure vessels and pipeline infrastructure. Strategic partnerships and collaborations across the value chain have become crucial for hydrogen market expansion, with many players forming joint ventures to strengthen their position in emerging markets. The industry witnesses significant investment in research and development, particularly in green hydrogen production technologies and carbon capture solutions. Companies are also expanding their geographical presence through strategic acquisitions and facility establishments, while simultaneously working on improving operational efficiency through digitalization and automation initiatives.

Diverse Players Shape Dynamic Market Structure

The hydrogen gas market exhibits a complex competitive structure characterized by both global industrial gas conglomerates and specialized regional players. Large multinational corporations dominate the market through their extensive distribution networks, technological capabilities, and integrated operations across the hydrogen value chain. These established players leverage their financial strength and technical expertise to maintain market leadership, while regional players focus on serving specific geographic markets or specialized applications. The market also sees participation from energy companies transitioning from traditional fossil fuels to hydrogen, bringing their extensive infrastructure and customer relationships to the sector.


The industry is experiencing increasing consolidation through strategic mergers and acquisitions, particularly in emerging markets and technology segments. Major players are acquiring innovative startups and technology companies to strengthen their capabilities in areas like green hydrogen production and advanced storage solutions. The market structure is further influenced by vertical integration strategies, with companies expanding across the value chain from production to end-user applications. Joint ventures and strategic alliances have become common, especially in regions with high growth potential, as companies seek to share risks and leverage complementary capabilities.

Innovation and Sustainability Drive Future Success

Success in the hydrogen market increasingly depends on companies' ability to develop cost-effective and sustainable solutions while maintaining technological leadership. Incumbent players must focus on expanding their green hydrogen capabilities, optimizing distribution networks, and developing innovative storage solutions to maintain their market position. Companies need to establish strong partnerships with end-users in key sectors like transportation and industrial applications, while simultaneously investing in research and development to reduce production costs and improve efficiency. The ability to scale operations while maintaining quality and safety standards remains crucial for market leadership.


Market contenders can gain ground by focusing on specialized market segments or geographic regions where larger players have limited presence. Success factors include developing innovative technologies for specific applications, establishing strong local partnerships, and maintaining operational flexibility to adapt to changing market conditions. Companies must also consider the increasing regulatory focus on carbon emissions and safety standards, which could significantly impact market dynamics. The risk of substitution from alternative clean energy sources necessitates continuous innovation and market differentiation strategies. Building strong relationships with key stakeholders, including government bodies and hydrogen research companies, will be crucial for long-term success in this evolving market.

Hydrogen Gas Market Leaders

  1. Air Liquide

  2. Linde plc

  3. Air Products and Chemicals, Inc

  4. Aditya Birla Chemicals

  5. Messer SE & Co. KGaA

  6. *Disclaimer: Major Players sorted in no particular order
Hydrogen Gas Market Concentration
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Hydrogen Gas Market News

  • January 2024: Equinor and Linde signed an agreement to construct the H2M Eemshaven low-carbon hydrogen project in the Netherlands.
  • November 2023: Air Products announced Europe’s largest blue hydrogen plant in Rotterdam, the Netherlands. The plant is expected to go online by 2026 and will serve ExxonMobil’s (Esso) Rotterdam refinery and other customers.
  • July 2022: Air Products and VPI (a power generator company) signed a joint development agreement for driving the 'Humber Hydrogen Hub' or 'H3,' which seeks to develop an 800 MW low-carbon hydrogen production facility in Immingham, United Kingdom.

Hydrogen Gas Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Increasing Demand From Chemical Industry
    • 4.1.2 Expanding Usage of Hydrogen in Refineries
    • 4.1.3 Other Drivers
  • 4.2 Market Restraints
    • 4.2.1 High Production Cost of Blue and Green Hydrogen
    • 4.2.2 High Transportation and Storage Cost
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 By Distribution
    • 5.1.1 Pipelines
    • 5.1.2 High-pressure Tube Trailers
    • 5.1.3 Cylinders
  • 5.2 By Application
    • 5.2.1 Ammonia
    • 5.2.2 Methanol
    • 5.2.3 Refining
    • 5.2.4 Direct Reduced Iron (DRI)
    • 5.2.5 Fuel Cell Vehicles (FCV)
    • 5.2.6 Other Applications (Glass, Welding, Power Generation, etc.)
  • 5.3 By Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Malaysia
    • 5.3.1.6 Thailand
    • 5.3.1.7 Indonesia
    • 5.3.1.8 Vietnam
    • 5.3.1.9 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Spain
    • 5.3.3.6 NORDIC
    • 5.3.3.7 Turkey
    • 5.3.3.8 Russia
    • 5.3.3.9 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Colombia
    • 5.3.4.4 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Nigeria
    • 5.3.5.4 Qatar
    • 5.3.5.5 Egypt
    • 5.3.5.6 United Arab Emirates
    • 5.3.5.7 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Aditya Birla Chemicals
    • 6.4.2 Air Liquide
    • 6.4.3 Air Products and Chemicals Inc.
    • 6.4.4 BASF SE
    • 6.4.5 Equinor ASA
    • 6.4.6 Gujarat Alkalies and Chemicals Limited
    • 6.4.7 Gulf Cryo
    • 6.4.8 Linde PLC
    • 6.4.9 Lords Chloro Alkali Limited
    • 6.4.10 Matheson Tri-Gas Inc.
    • 6.4.11 Messer SE & Co. KGaA
    • 6.4.12 PAO NOVATEK
    • 6.4.13 Taiyo Nippon Sanso Corporation
    • 6.4.14 Universal Industrial Gases Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increased Adoption in Space Exploration and Aviation Industry
  • 7.2 Increasing Demand for Fuel Cell Electric Vehicles
  • 7.3 Industry Readiness of Hydrogen in Low Carbon Economy
**Subject to Availability
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Hydrogen Gas Industry Segmentation

Hydrogen gas is a clean, burning, and efficient fuel used in refining processes and producing many chemicals like ammonia and methanol. Hydrogen gas is created through steam methane reforming, coal gasification, and water electrolysis.

The hydrogen gas market is segmented by distribution, application, and geography. By distribution, the market is segmented into pipelines, high-pressure tube trailers, and cylinders. By application, the market is segmented into ammonia, methanol, refining, direct reduced iron (DRI), fuel cell vehicles (FCV), and other applications (glass, welding, power generation, etc.). The report also covers the market size and forecasts for the hydrogen gas market in 27 countries across major regions. For each segment, the market sizing and forecasts are provided based on volume (kilotons).

By Distribution Pipelines
High-pressure Tube Trailers
Cylinders
By Application Ammonia
Methanol
Refining
Direct Reduced Iron (DRI)
Fuel Cell Vehicles (FCV)
Other Applications (Glass, Welding, Power Generation, etc.)
By Geography Asia-Pacific China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Spain
NORDIC
Turkey
Russia
Rest of Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Nigeria
Qatar
Egypt
United Arab Emirates
Rest of Middle East and Africa
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Hydrogen Gas Market Research FAQs

How big is the Hydrogen Gas Market?

The Hydrogen Gas Market size is expected to reach 113.86 million tons in 2025 and grow at a CAGR of 3.85% to reach 137.53 million tons by 2030.

What is the current Hydrogen Gas Market size?

In 2025, the Hydrogen Gas Market size is expected to reach 113.86 million tons.

Who are the key players in Hydrogen Gas Market?

Air Liquide, Linde plc, Air Products and Chemicals, Inc, Aditya Birla Chemicals and Messer SE & Co. KGaA are the major companies operating in the Hydrogen Gas Market.

Which is the fastest growing region in Hydrogen Gas Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Hydrogen Gas Market?

In 2025, the North America accounts for the largest market share in Hydrogen Gas Market.

What years does this Hydrogen Gas Market cover, and what was the market size in 2024?

In 2024, the Hydrogen Gas Market size was estimated at 109.48 million tons. The report covers the Hydrogen Gas Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Hydrogen Gas Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Hydrogen Gas Market Research

Mordor Intelligence provides a comprehensive analysis of the hydrogen gas market. We leverage our extensive experience in H2 industry research and consulting. Our expert analysts track major hydrogen gas companies and emerging players in the global hydrogen market. This allows us to provide detailed insights into molecular hydrogen applications and developments. The report offers an in-depth analysis of hydrogen price trends and market dynamics. It is available in an easy-to-read report PDF format for download, covering everything from hydrogen research companies to supply chain dynamics.

Our detailed market analysis helps stakeholders understand the projected hydrogen market growth and market value. We offer comprehensive hydrogen market forecasts extending through the next five years. The report examines key hydrogen trends affecting the industry, including technological advancements, regulatory frameworks, and emerging applications. Stakeholders gain valuable insights into the activities of the largest hydrogen companies and regional market developments. This is supported by robust data analysis and expert consultation services that inform strategic decision-making in the rapidly evolving H2 market.