Hydrogen Prices Overview

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Market Overview

Quarterly Update on Global Hydrogen Gas Market

For the Quarter Ending December 2020

Asia

Demand for hydrogen gas in the Asian market remained firm as various countries like China and India were heard shifting gears to establish a greener economy in which clean fuel can be used like Hydrogen. Stable price of natural gas accounted for stability in the price of hydrogen gas. The rise in prices of natural gas in Q4 of 2020 due to winter chills in some producing belts, accounted for the rise in price of Hydrogen gas in Q1 of 2021. Towards the end of the year, major economies in Asia were heard shifting towards electrification of vehicles in response to climatic shift. Sentiments were uplifted after in Nov. 2020, the Japanese government launched a 15-year plan to develop its fuel-cell supply chain and hydrogen-powered trucks and buses with the aim of rolling out at least 1 million Hydrogen-Fuelled vehicles by 2030.

Europe

Firm demand for Hydrogen gas from the transportation and refining industry has sustained its rich market sentiments in Europe. As European Union is eyeing for the green economy which accounts for the demand of hydrogen gas, it can be used as a clean fuel in the transportation sector. In early October, market fundamentals of hydrogen gas remained in a narrow range due to economic slowdown and lesser consumption by the end-use sectors. However, the rapid pace towards vehicle electrification in Europe and massive investments in the sector for prospered demand of the Hydrogen Gas.

North America

With the consistent increment in prices of the natural gas, Hydrogen gas prices in the US took an uptrend later in the quarter. The supply of natural gas tightened towards the end of the quarter due to less demand and production cuts due to lower demand. The natural gas prices rose in the fourth quarter due to winter storms and shutting of several refineries which contributed to an overall increase in the price of Hydrogen Gas. Offtakes were less as demand remained affected which went against traditional expectations for the year end.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Hydrogen is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Hydrogen market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Hydrogen gas manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Hydrogen gas market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Hydrogen gas market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Hydrogen gas are analyzed and region-wise demand pattern is tracked.

About

Hydrogen is a colorless, tasteless, odorless, flammable gaseous substance. It is the simplest and the first member in the chemical family. Hydrogen gas is the loose aggregation of hydrogen molecules under normal conditions. The product is widely demanded in various end-use industries due to its stability and ability to form stable bonds with number of elements. Hydrogen gas is majorly used in refining industries to remove Sulphur and in the manufacture of ammonia. Besides, it even finds extensive applications in several other fields like transportation industry, fertilizers, pharmaceutical industry, and others. Due to its ideal properties, it is often used as a base for producing other chemical compounds such as ammonia and carbon monoxide. Being regarded as the clean fuel, Hydrogen gas can be used as fuel in future in the transport industry. It can be derived from the electrolysis of water and steam methane reformer (SMR) process. Through electrolysis process, the amount of carbon dioxide released is twenty times less than that is released in SMR. Therefore, major companies and economies are now focusing to produce hydrogen gas through electrolysis of water which can be used as a clean fuel in future.

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Hydrogen Prices Overview