Green Hydrogen and Blue Chemicals Market Global Industry Forecast 2022
The global green hydrogen and blue chemicals market size was valued at USD 92.3 million in 2021 and is poised to grow at a significant CAGR of 7.9% during the forecast period 2022-28. Green hydrogen is being used by a variety of end-users, including mobility, chemical, electricity, grid injection, and others, because it lowers the cost of producing renewable energy. As a result of the aforementioned factors, the worldwide green hydrogen market is growing. The expanding number of FCEVs and HRSs focusing on alliances/partnerships/joint ventures/collaborations presents opportunity for marketers. Green hydrogen is rising in popularity due to its zero-emission manufacturing method, and it can be used to replace traditional hydrogen varieties such as grey, blue, and brown.
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