The Argentina Hydrogen market demand stood at 100 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.75% during the forecast period until 2034.
Hydrogen serves as a vital feedstock in the production of ammonia, playing a pivotal role in key sectors like fertilizers. Its function as an energy carrier, rather than a direct source, highlights its efficiency in storing and transporting substantial energy. With versatile applications extending to fuel cells that generate electricity, power, and heat, hydrogen is currently deployed in petroleum refining and fertilizer production and is gaining prominence in expanding markets. Argentina has positioned itself as a global leader in hydrogen and fuel cell technologies, hosting the world's first standardized facility for producing automotive fuel stacks. Utilized in fuel cells, hydrogen acts as an environmentally friendly fuel, yielding water, electricity, and heat. When combined with natural gas, the resulting mixture finds applications in various sectors, including heat generation. The future outlook for hydrogen and fuel cells is promising, presenting diverse opportunities in transportation, commercial, and industrial domains.
The Argentina hydrogen market is primarily propelled by its role as a feedstock in ammonia production, particularly for use in the fertilizer sector. Within Argentina, hydrogen's predominant application lies in serving as a raw material for emission-intensive industrial sectors, encompassing oil refining, ammonia and methanol production, as well as steel production. Presently, a substantial portion of hydrogen feedstock is derived from steam methane reforming of natural gas, a process lacking carbon capture and storage. However, responding to the global imperative of reducing carbon emissions and transitioning to cleaner energy sources, Argentina is exploring hydrogen as a versatile and low-carbon fuel. Hydrogen's potential is being harnessed in various applications, including its use as a fuel for power generation through hydrogen combustion in turbines or in stationary fuel cell power plants. As a cleaner-burning molecule, hydrogen offers an alternative to fossil fuels in processes requiring high-grade heat for industrial applications. The recognition of hydrogen's versatility extends to industries such as transportation and energy storage, positioning it as a strategic catalyst for economic growth in Argentina. With its extensive utilization of hydrogen and considerable potential in renewable hydrogen, Argentina has the opportunity to emerge as a pivotal player in the global efforts towards decarbonization. The ongoing shift towards cleaner energy solutions aligns with the country's commitment to sustainability and innovation in the hydrogen sector. Hence, Argentina Hydrogen market is likely to reach nearly 150 thousand tonnes in the year 2034.
Based on the end-user industry, the Argentina Hydrogen market is segmented into Ammonia, Refining, Methanol, Fuel, and Others. As of 2023, the predominant market share of hydrogen is prominently allocated to Ammonia, accounting for approximately 40% of the market. This signifies a substantial portion of hydrogen utilization within the ammonia sector, underlining its crucial role in this industry.
Main player in the Argentina Hydrogen market is Air Liquide. Other players in the global Hydrogen market are Air Products, Phillips 66 Company, Linde plc, Praxair, and Sinopec, Flint Hills Resources Lp, Bp West Coast Products Llc, Valero, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Argentina Hydrogen which covers production, demand and supply of Hydrogen market in Argentina.
• To analyse and forecast the market size of Argentina Hydrogen
• To classify and forecast Argentina Hydrogen market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Hydrogen market in Argentina.
To extract data for Argentina Hydrogen market, primary research surveys were conducted with Hydrogen manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Argentina Hydrogen market over the coming years.
ChemAnalyst calculated Hydrogen demand across the Argentina region by analysing the volume of Hydrogen consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Hydrogen manufacturers and other stakeholders
• Organizations, forums and alliances related to Hydrogen distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Hydrogen manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Argentina Hydrogen market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
100 thousand tonnes
Market size Volume by 2034
150 thousand tonnes
Growth Rate
CAGR of 3.75% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Ammonia, Refining, Methanol, Fuel, and Others)
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Hydrogen market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Hydrogen.
3. Capacity By Location
To better understand the regional supply of Hydrogen by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Hydrogen by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Ammonia, Refining, Methanol, Fuel, and Others) are creating a market and the forecast for the growth of the Hydrogen market.
7. Demand by Region
Analyzing the change in demand of Hydrogen in different regions, i.e., The Pampas, Patagonia, Andes, and The North, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Hydrogen. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Hydrogen.
10. Company Share
Figure out what proportion of the market share of Hydrogen is currently held by leading players across Argentina.
11. Country-wise Export
Get details about quantity of Hydrogen exported by major countries.
12. Country-wise Import
Get details about quantity of Hydrogen imported by major countries.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of Hydrogen.
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into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the size of Argentina Hydrogen market in terms of volume in 2023?
Ans:
The size of Argentina Hydrogen market has grown significantly in the historic period and had reached approximately 100 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Hydrogen?
Ans:
Ammonia industry is the leading consumer of Hydrogen.
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Ans:
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