The Malaysia Hydrogen market demand stood at 50 thousand tonnes in 2023 and is likely to expand at a CAGR of 3.88% during the forecast period until 2034.
Hydrogen exhibits versatility in its production, sourced from various energy inputs such as natural gas and coal. This adaptable compound serves as a precursor for a variety of fuel derivatives, including synthetic liquid fuels, methane, ammonia, and methanol. Presently, fossil fuels and natural gas dominate the primary methods of hydrogen production. Although the utilization of electrolytic cell technology is not widespread currently, there is an anticipated surge in demand in the future, driven by advancements in cost-effective and reliable innovations. Recent years have seen the initiation of several projects aimed at improving the cost efficiency of hydrogen production, particularly through the use of renewable electricity sources. Beyond its role as an energy source, hydrogen functions as a carrier of chemical energy, underscoring its significance across diverse applications.
Hydrogen's pivotal role extends to the ammonia industry, exemplified by its involvement in the Haber-Bosch process, where hydrogen and nitrogen combine to yield ammonia. This ammonia serves as a vital component in fertilizers. Malaysia Hydrogen market is driven by the usage of Hydrogen as a feedstock to produce ammonia Furthermore, hydrogen is indispensable in methanol refining, a crucial resource for various chemical products. Moreover, hydrogen plays a critical role in the oil refining process, which is another important market driver. The growth of the hydrogen market in Malaysia is likely influenced by various factors, including government initiatives, renewable energy goals, industrial demand, international collaborations, infrastructure development, technological advancements, and the focus on the transportation sector. If the Malaysian government is actively supporting hydrogen technologies and aiming to achieve renewable energy targets, this can drive demand. Additionally, the industrial landscape, collaborations with international partners, advancements in technology, and the adoption of hydrogen in the transportation sector can contribute to the expansion of the hydrogen market in Malaysia. Specific developments and policies in these areas would provide more insight into the drivers shaping the Malaysian hydrogen market. Owing to these factors, Malaysia Hydrogen market is likely to reach roughly 77 thousand tonnes in 2034.
Based on the end-user industry, the Malaysia Hydrogen market is segmented into Ammonia, Refining, Methanol, Fuel, and Others. Within these sectors, the Ammonia industry commands the highest market share, closely followed by the Refining industry. As of 2023, the Ammonia industry secured a market share of approximately 42%.
Significant players in the Malaysia Hydrogen market are Air Products, Air Liquide, and Linde plc. Major players in the global Hydrogen market include LG Chem, Sinopec, Iwatani, Deokyang, Linde plc, Shanghai HuaLin Industrial Gases, Martinez Refining Co Llc, Phillips 66 Company, Wrb Refining Lp, Flint Hills Resources Lp, Cenex Harvest States Coop, Deokyang, Bp West Coast Products Llc, Sinclair Wyoming Refining Co, 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 Malaysia Hydrogen which covers production, demand and supply of Hydrogen market in Malaysia.
• To analyse and forecast the market size of Malaysia Hydrogen
• To classify and forecast Malaysia Hydrogen market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Hydrogen market in Malaysia.
To extract data for Malaysia 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 Malaysia Hydrogen market over the coming years.
ChemAnalyst calculated Hydrogen demand across the Malaysia 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 ass 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, Malaysia 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
50 thousand tonnes
Market size Volume by 2034
77 thousand tonnes
Growth Rate
CAGR of 3.88% 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., Peninsular Malaysia and Rest of Malaysia, 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 Malaysia.
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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Member - Board of Directors
Osaka Gas Co. Ltd
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
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 Malaysia Hydrogen market in terms of volume in 2023?
Ans:
The size of Malaysia Hydrogen market has grown significantly and reached approximately 50 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Hydrogen?
Ans:
Ammonia industry is the leading consumer of Hydrogen.
Q3.
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Ans:
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