Steam Methane Reforming Market Summary
The global steam methane reforming market is projected to grow from 85.7 USD billion in 2024 to 141.3 USD billion by 2035, indicating robust growth potential.
Key Market Trends & Highlights
Steam Methane Reforming Key Trends and Highlights
- The market is expected to experience a compound annual growth rate (CAGR) of 4.65 percent from 2025 to 2035.
- By 2035, the market valuation is anticipated to reach 141.3 USD billion, reflecting increasing demand for hydrogen production.
- In 2024, the market is valued at 85.7 USD billion, showcasing a solid foundation for future growth.
- Growing adoption of steam methane reforming technology due to the rising demand for clean energy solutions is a major market driver.
Market Size & Forecast
2024 Market Size | 85.7 (USD Billion) |
2035 Market Size | 141.3 (USD Billion) |
CAGR (2025-2035) | 4.65% |
Major Players
Air Products & Chemicals, Inc., Haldor Topsoe, Messer Group, Infracore LTD, Hexagon Composites ASA, Worthington Industries, Taiyo Nippon Sanso Corporation, OXY, Matheson TriGas Incorporated, The Linde Group, Airgas, SHV Energy, Air Liquide, Praxair, Gulf Cryo, Linde