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    Petroleum Refining Blue Hydrogen Market

    ID: MRFR/E&P/29224-HCR
    128 Pages
    Priya Nagrale
    September 2025

    Petroleum Refining Blue Hydrogen Market Research Report By Production Type (Steam Reforming of Natural Gas, Autothermal Reforming of Natural Gas, Electrolysis of Water, Methane Pyrolysis), By Form of Hydrogen (Liquid Hydrogen, Gaseous Hydrogen, Cryogenic Hydrogen), By End-Use Application (Oil Refining, Fertilizers Production, Petrochemical Production, Transportation, Power Generation), By Product Grade (High Purity Hydrogen (99.9% and above), Medium Purity Hydrogen (95%-99.9%), Low Purity Hydrogen (below 95%)), By Blue Hydrogen Color (Grey H...

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    Petroleum Refining Blue Hydrogen Market Research Report — Global Forecast till 2034 Infographic
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    Summary Table of Contents Segmentation Infographic

    Petroleum Refining Blue Hydrogen Market Summary

    The Global Petroleum Refining Blue Hydrogen Market is projected to grow from 25 USD Billion in 2024 to 75 USD Billion by 2035.

    Key Market Trends & Highlights

    Petroleum Refining Blue Hydrogen Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 10.5 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 75 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 25 USD Billion, reflecting the increasing focus on sustainable energy solutions.
    • Growing adoption of blue hydrogen technology due to environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 25 (USD Billion)
    2035 Market Size 75 (USD Billion)
    CAGR (2025 - 2035) 10.5%

    Major Players

    Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Tesla Inc (US), Meta Platforms Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

    Petroleum Refining Blue Hydrogen Market Trends

    The Petroleum Refining Blue Hydrogen Market is experiencing significant growth due to several key market drivers. Increasing demand for low-carbon fuels, stringent environmental regulations, and government incentives for sustainable energy sources are driving the market forward. Opportunities for growth lie in the integration of blue hydrogen into existing refining processes, partnerships with hydrogen producers, and investment in infrastructure development.Recent trends in the market include the rise of hydrogen blending for cleaner fuel production, technological advancements in hydrogen electrolysis, and the emergence of hydrogen hubs as centralized production and distribution centers.

    This market is expected to continue expanding as countries aim to reduce their carbon emissions and transition towards a cleaner energy future.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    The transition towards blue hydrogen in petroleum refining is poised to play a pivotal role in reducing carbon emissions while meeting the growing global energy demand.

    U.S. Department of Energy

    Petroleum Refining Blue Hydrogen Market Drivers

    Rising Demand for Clean Energy

    The Global Petroleum Refining Blue Hydrogen Market Industry is experiencing a notable surge in demand for clean energy solutions. As countries strive to meet their climate goals, the transition towards hydrogen as a cleaner fuel source is becoming increasingly prominent. This shift is driven by government policies and incentives aimed at reducing carbon emissions. For instance, several nations have set ambitious targets for hydrogen production, which is projected to reach a market value of 25 USD Billion by 2024. This growing emphasis on sustainable energy sources is likely to propel the blue hydrogen sector within the petroleum refining industry.

    Market Segment Insights

    Petroleum Refining Blue Hydrogen Market Segment Insights

    Petroleum Refining Blue Hydrogen Market Segment Insights

    Petroleum Refining Blue Hydrogen Market Production Type Insights

    Petroleum Refining Blue Hydrogen Market Production Type Insights

    The Petroleum Refining Blue Hydrogen Market is segmented by Production Type into Steam Reforming of Natural Gas, Autothermal Reforming of Natural Gas, Electrolysis of Water, and Methane Pyrolysis. Steam Reforming of Natural Gas is the most widely used process for producing blue hydrogen, accounting for over 95% of global production. This process involves reacting natural gas with steam in the presence of a catalyst, which converts the methane in the natural gas into hydrogen and carbon dioxide.

    The carbon dioxide is then captured and stored, resulting in a hydrogen product that is considered "blue" due to its lower carbon footprint compared to traditional hydrogen production methods.

    Autothermal Reforming of Natural Gas is similar to steam reforming, but it uses oxygen instead of steam to react with the natural gas. This process produces a higher yield of hydrogen, but it also generates more carbon dioxide emissions. Electrolysis of Water is a process that uses electricity to split water into hydrogen and oxygen. This process is more expensive than steam reforming or autothermal reforming, but it produces hydrogen with a very low carbon footprint. Methane Pyrolysis is a process that involves breaking down methane into hydrogen and carbon black.

    This process is still in the early stages of development, but it has the potential to be a more cost-effective and environmentally friendly way to produce hydrogen. The Petroleum Refining Blue Hydrogen Market is expected to grow significantly in the coming years, driven by increasing demand for low-carbon fuels and chemicals, as well as government incentives to support the development of hydrogen-based economies.

    Petroleum Refining Blue Hydrogen Market Form of Hydrogen Insights

    Petroleum Refining Blue Hydrogen Market Form of Hydrogen Insights

    The Petroleum Refining Blue Hydrogen Market is segmented based on the Form of Hydrogen into Liquid Hydrogen, Gaseous Hydrogen, and Cryogenic Hydrogen. Among these, the Liquid Hydrogen segment is anticipated to hold the largest market share during the forecast period. This growth can be attributed to the increasing demand for liquid hydrogen as a clean and sustainable fuel in various industries, including transportation, power generation, and industrial applications. The segment's growth is also driven by government initiatives and policies promoting the adoption of hydrogen as a renewable energy source.

    Petroleum Refining Blue Hydrogen Market End-Use Application Insights

    Petroleum Refining Blue Hydrogen Market End-Use Application Insights

    The Petroleum Refining Blue Hydrogen Market is segmented by end-use application into oil refining, fertilizers production, petrochemical production, transportation, and power generation. The oil refining segment accounted for the largest share of the market in 2023 and is projected to continue to dominate the market during the forecast period. The growth of this segment can be attributed to the increasing demand for blue hydrogen in the refining of crude oil to produce cleaner fuels.

    The fertilizers production segment is expected to witness significant growth during the forecast period, owing to the rising demand for blue hydrogen in the production of ammonia, which is a key ingredient in the manufacturing of fertilizers.

    The petrochemical production segment is also expected to experience substantial growth, driven by the increasing demand for blue hydrogen in the production of plastics and other petrochemicals. The transportation segment is expected to witness moderate growth during the forecast period, as blue hydrogen is increasingly used as a fuel for vehicles, particularly in the heavy-duty transportation sector. The power generation segment is expected to register steady growth, as blue hydrogen is used as a fuel for power plants, providing a cleaner and more sustainable alternative to traditional fossil fuels.

    Petroleum Refining Blue Hydrogen Market Product Grade Insights

    Petroleum Refining Blue Hydrogen Market Product Grade Insights

    The Petroleum Refining Blue Hydrogen Market is segmented by Product Grade into High Purity Hydrogen (99.9% and above), Medium Purity Hydrogen (95%-99.9%), and Low Purity Hydrogen (below 95%). The High Purity Hydrogen segment is expected to dominate the market in the coming years due to its increasing demand in various applications such as fuel cells, electronics, and aerospace. The Medium Purity Hydrogen segment is also expected to witness significant growth due to its use in refineries and petrochemical plants. The Low Purity Hydrogen segment is expected to grow at a slower pace due to its limited applications.

    In terms of revenue, the High Purity Hydrogen segment is expected to account for the largest share of the Petroleum Refining Blue Hydrogen Market in 2024. The Medium Purity Hydrogen segment is expected to follow closely, while the Low Purity Hydrogen segment is expected to account for the smallest market share. The growth of the Petroleum Refining Blue Hydrogen Market is attributed to the increasing demand for clean energy sources and the rising adoption of hydrogen fuel cells in various applications. Additionally, government initiatives and regulations supporting the production and use of hydrogen are further driving the market growth.

    The market is expected to continue growing in the coming years due to the increasing demand for sustainable energy sources and the growing adoption of hydrogen technologies.

    Petroleum Refining Blue Hydrogen Market Blue Hydrogen Color Insights

    Petroleum Refining Blue Hydrogen Market Blue Hydrogen Color Insights

    The Petroleum Refining Blue Hydrogen Market is segmented by Blue Hydrogen Color into Grey Hydrogen with Carbon Capture and Storage and Blue Hydrogen with Carbon Capture and Storage. The Blue Hydrogen with Carbon Capture and Storage segment is expected to witness significant growth over the forecast period, owing to the increasing adoption of carbon capture and storage technologies. This process helps to reduce the environmental impact of fossil fuel-based hydrogen production and makes it a more sustainable option.

    The increasing demand for clean and sustainable energy sources is driving the growth of the Blue Hydrogen with Carbon Capture and Storage segment, as it offers a cost-effective way to produce low-carbon hydrogen.

    Get more detailed insights about Petroleum Refining Blue Hydrogen Market Research Report — Global Forecast till 2034

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    Regional Insights

    The Petroleum Refining Blue Hydrogen Market is segmented into regions comprising North America, Europe, APAC, South America, and MEA. North America holds the largest market share due to the presence of major petroleum refining industries and government initiatives to promote clean energy sources. Europe follows closely with strict regulations on carbon emissions and a drive towards sustainable energy practices. APAC is expected to witness significant growth in the coming years, driven by increasing demand for blue hydrogen in refining processes and supportive government policies.

    South America and MEA have relatively smaller market shares but are projected to contribute to the overall market growth due to rising industrialization and urbanization. The Petroleum Refining Blue Hydrogen Market is expected to reach a valuation of USD 25.95 billion by 2032, exhibiting a CAGR of 88.17%.

    Petroleum Refining Blue Hydrogen Market, by Region 2023 & 2032

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The Petroleum Refining Blue Hydrogen Market industry is characterized by the presence of several major players, each with varying market shares and strategies. As of 2023, the leading players in the market include Air Liquide, Linde, Iwatani Corporation, Air Products and Chemicals, and Messer. These companies have a strong foothold in the market due to their established infrastructure, technological capabilities, and customer base. They are continuously investing in research and development to improve their product offerings and maintain their competitive advantage.

    The Petroleum Refining Blue Hydrogen Market landscape is expected to remain competitive in the coming years, with the entry of new players and the expansion of existing players.

    A prominent player in the Petroleum Refining Blue Hydrogen Market is Linde. As a leading industrial gas company, Linde provides high-purity blue hydrogen to refineries worldwide. The company has a strong focus on sustainability and has invested heavily in developing innovative technologies for blue hydrogen production. Linde partners with refineries to provide customized hydrogen solutions tailored to their specific requirements, ensuring optimal integration and cost-effectiveness.

    Another key player in the market is Air Products and Chemicals. The company is known for its expertise in industrial gas production and supply. Air Products and Chemicals has partnered with several refineries to establish on-site hydrogen production facilities. These facilities allow refineries to reduce their reliance on external hydrogen sources and increase their flexibility in meeting fluctuating demand. The company's commitment to reliability and efficiency has made it a preferred partner for refineries seeking long-term hydrogen supply solutions.

    Key Companies in the Petroleum Refining Blue Hydrogen Market market include

    Industry Developments

    The Petroleum Refining Blue Hydrogen market is anticipated to witness substantial growth over the forecast period. In 2024, the market was valued at approximately USD 0.33 billion and is projected to reach USD 185.43 billion by 2034, exhibiting a CAGR of 88.17% during the forecast period. The market is primarily driven by the growing demand for clean and sustainable energy sources, coupled with stringent government regulations aimed at reducing carbon emissions.

    Additionally, increasing investments in research and development activities, along with technological advancements, are further propelling market expansion. Strategic collaborations between key industry players are also contributing to the market's growth.

    Future Outlook

    Petroleum Refining Blue Hydrogen Market Future Outlook

    The Petroleum Refining Blue Hydrogen Market is projected to grow at a 10.5% CAGR from 2024 to 2035, driven by technological advancements, regulatory support, and increasing demand for low-carbon energy solutions.

    New opportunities lie in:

    • Invest in carbon capture technologies to enhance hydrogen production efficiency.
    • Develop strategic partnerships with renewable energy firms for integrated solutions.
    • Explore emerging markets in Asia and Africa for expansion opportunities.

    By 2035, the market is expected to be robust, reflecting substantial growth and innovation.

    Market Segmentation

    Petroleum Refining Blue Hydrogen Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Petroleum Refining Blue Hydrogen Market Product Grade Outlook

    • High Purity Hydrogen (99.9% and above)
    • Medium Purity Hydrogen (95%-99.9%)
    • Low Purity Hydrogen (below 95%)

    Petroleum Refining Blue Hydrogen Market Production Type Outlook

    • Steam Reforming of Natural Gas
    • Autothermal Reforming of Natural Gas
    • Electrolysis of Water
    • Methane Pyrolysis

    Petroleum Refining Blue Hydrogen Market Form of Hydrogen Outlook

    • Liquid Hydrogen
    • Gaseous Hydrogen
    • Cryogenic Hydrogen

    Petroleum Refining Blue Hydrogen Market Blue Hydrogen Color Outlook

    • Grey Hydrogen with Carbon Capture and Storage
    • Blue Hydrogen with Carbon Capture and Storage

    Petroleum Refining Blue Hydrogen Market End-Use Application Outlook

    • Oil Refining
    • Fertilizers Production
    • Petrochemical Production
    • Transportation
    • Power Generation

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024    0.33 (USD Billion)
    Market Size 2025    0.63 (USD Billion)
    Market Size 2034   185.43 (USD Billion)
    Compound Annual Growth Rate (CAGR)     88.17% (2025 - 2034)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2034
    Historical Data 2019 - 2023
    Market Forecast Units USD Billion
    Key Companies Profiled Wood, Hydrogenics, Air Liquide, Haldor Topsoe, Linde, McDermott International, Chart Industries, TechnipFMC, Next Hydrogen, Proton Technologies, Nel Hydrogen, ITM Power, Lhyfe
    Segments Covered Production Type, Form of Hydrogen, End-Use Application, Product Grade, Blue Hydrogen Color, Regional
    Key Market Opportunities Carbon capture scaling up production technological advancements, decarbonization initiatives and favorable government policies
    Key Market Dynamics Increasing demand for clean fuels Government incentives Technological advancements Fluctuating feedstock prices Integration of renewable energy
    Countries Covered North America, Europe, APAC, South America, MEA

    Market Highlights

    Author
    Priya Nagrale
    Senior Research Analyst

    With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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    FAQs

    What is the expected market size of the Petroleum Refining Blue Hydrogen Market in 2023?

    The market size of the Petroleum Refining Blue Hydrogen Market is projected to reach 0.33 Billion USD in 2024.

    What is the expected market size of the Petroleum Refining Blue Hydrogen Market in 2032?

    The market size of the Petroleum Refining Blue Hydrogen Market is expected to reach 185.43 Billion USD by 2034.

    What is the expected CAGR of the Petroleum Refining Blue Hydrogen Market from 2024 to 2032?

    The Petroleum Refining Blue Hydrogen Market is expected to grow at a CAGR of 88.17% from 2025 to 2034.

    Which region is expected to dominate the Petroleum Refining Blue Hydrogen Market in 2023?

    North America is expected to dominate the Petroleum Refining Blue Hydrogen Market in 2023.

    Which application segment is expected to hold the largest share of the Petroleum Refining Blue Hydrogen Market in 2023?

    The refining segment is expected to hold the largest share of the Petroleum Refining Blue Hydrogen Market in 2023.

    Who are some of the key competitors in the Petroleum Refining Blue Hydrogen Market?

    Some of the key competitors in the Petroleum Refining Blue Hydrogen Market include Shell, BP, TotalEnergies, ExxonMobil, and Chevron.

    What are the major factors driving the growth of the Petroleum Refining Blue Hydrogen Market?

    The major factors driving the growth of the Petroleum Refining Blue Hydrogen Market include the increasing demand for clean energy, the rising cost of fossil fuels, and the growing awareness of the environmental benefits of using hydrogen.

    What are the major challenges faced by the Petroleum Refining Blue Hydrogen Market?

    The major challenges faced by the Petroleum Refining Blue Hydrogen Market include the high cost of production, the lack of infrastructure, and the safety concerns associated with handling hydrogen.

    What are the key trends expected to shape the future of the Petroleum Refining Blue Hydrogen Market?

    The key trends expected to shape the future of the Petroleum Refining Blue Hydrogen Market include the increasing investment in research and development, the development of new technologies, and the growing adoption of hydrogen in various industries.

    What is the expected market size of the Petroleum Refining Blue Hydrogen Market in 2028?

    The market size of the Petroleum Refining Blue Hydrogen Market is expected to reach 10.34 Billion USD by 2028.

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