Product Code: ETC13131811 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Grey Hydrogen Market was valued at USD 115 Billion in 2024 and is expected to reach USD 132.4 Billion by 2031, growing at a compound annual growth rate of 2.00% during the forecast period (2025-2031).
The global grey hydrogen market is experiencing growth driven by increasing industrial demand for hydrogen as a feedstock in various processes. Grey hydrogen, produced from natural gas through steam methane reforming, is a cost-effective but carbon-intensive method compared to green hydrogen. The market is witnessing a shift towards cleaner alternatives due to environmental concerns, with governments and industries focusing on reducing carbon emissions. However, grey hydrogen remains a significant player in the market due to its affordability and established infrastructure. Key players in the global grey hydrogen market include Air Liquide, Linde, and Air Products. The market is expected to evolve with advancements in carbon capture and storage technologies to mitigate emissions, alongside the growing adoption of renewable energy sources for hydrogen production.
The Global Grey Hydrogen Market is currently experiencing a surge in interest and growth due to increased focus on decarbonization and sustainability in various industries. Grey hydrogen, produced from natural gas through steam methane reforming, is being targeted for its potential to reduce carbon emissions compared to traditional grey hydrogen production methods. The market is witnessing opportunities for expansion as governments and industries seek to meet emission reduction targets and transition towards a low-carbon economy. Key trends in the market include investments in hydrogen infrastructure, collaborations between companies to develop grey hydrogen projects, and the integration of grey hydrogen into existing industrial processes. With growing support for hydrogen as a clean energy carrier, the Global Grey Hydrogen Market is poised for significant growth and innovation in the coming years.
The Global Grey Hydrogen Market faces several challenges, including high production costs due to the current reliance on fossil fuels for hydrogen production, limited infrastructure for grey hydrogen storage and transportation, and environmental concerns related to carbon emissions from grey hydrogen production. Additionally, the lack of widespread acceptance and support for grey hydrogen as a transitional energy source poses a challenge in gaining market traction. Competition from other clean hydrogen production methods, such as green and blue hydrogen, further complicates the market landscape. Overcoming these challenges will require significant investments in technology development, infrastructure expansion, and regulatory support to drive the adoption of grey hydrogen as a viable and sustainable energy solution.
The global Grey Hydrogen market is primarily driven by the increasing demand for hydrogen in various industries such as refining, chemical manufacturing, and transportation. Grey Hydrogen, produced from natural gas through steam methane reforming, is cost-effective compared to green hydrogen and can serve as a transitional solution towards decarbonization. The market growth is also fueled by the existing infrastructure and established supply chains for natural gas, making the adoption of Grey Hydrogen easier for industries looking to reduce their carbon footprint. Additionally, government initiatives promoting hydrogen as a clean energy source and the need to meet carbon emissions targets further contribute to the expansion of the Grey Hydrogen market globally.
Government policies related to the Global Grey Hydrogen Market primarily focus on incentivizing the development and adoption of this low-carbon alternative to traditional hydrogen production. Key initiatives include financial support through grants, subsidies, and tax incentives to encourage investment in grey hydrogen production facilities, as well as regulatory measures such as emissions targets and carbon pricing schemes to promote the use of low-carbon hydrogen in various industries. Additionally, governments are increasingly collaborating with industry stakeholders to establish standards and certification processes for grey hydrogen production to ensure environmental sustainability and transparency. Overall, these policies aim to accelerate the growth of the global grey hydrogen market and facilitate the transition to a more sustainable energy future.
The future outlook for the Global Grey Hydrogen Market appears promising, driven by increasing focus on decarbonization and the transition to a low-carbon economy. Grey hydrogen, produced from natural gas with carbon emissions captured and stored, is positioned to play a significant role in the energy transition as a transitional solution towards green hydrogen. The market is expected to witness growth as governments and industries seek to reduce carbon footprints while ensuring energy security. Technological advancements in carbon capture and storage (CCS) are likely to improve the efficiency and sustainability of grey hydrogen production, further boosting market demand. However, regulatory frameworks, cost competitiveness with green hydrogen, and scaling up of infrastructure will be crucial factors influencing the market`s trajectory in the coming years.
In the global grey hydrogen market, Asia is poised to witness significant growth driven by the presence of key manufacturing industries in countries like China, Japan, and South Korea. North America is also a key market due to the growing demand for grey hydrogen in sectors such as oil refining and chemicals. In Europe, stringent environmental regulations are pushing industries to adopt cleaner hydrogen technologies, creating opportunities for grey hydrogen producers. The Middle East and Africa region, rich in natural gas reserves, is expected to see steady growth in grey hydrogen production for export and domestic use. Latin America is gradually emerging as a potential market for grey hydrogen, with countries like Brazil exploring hydrogen as a clean energy solution.
Global Grey Hydrogen Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Grey Hydrogen Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Grey Hydrogen Market Revenues & Volume, 2021 & 2031F |
3.3 Global Grey Hydrogen Market - Industry Life Cycle |
3.4 Global Grey Hydrogen Market - Porter's Five Forces |
3.5 Global Grey Hydrogen Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Grey Hydrogen Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Global Grey Hydrogen Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Global Grey Hydrogen Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Global Grey Hydrogen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Grey Hydrogen Market Trends |
6 Global Grey Hydrogen Market, 2021 - 2031 |
6.1 Global Grey Hydrogen Market, Revenues & Volume, By Source, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Grey Hydrogen Market, Revenues & Volume, By Natural Gas, 2021 - 2031 |
6.1.3 Global Grey Hydrogen Market, Revenues & Volume, By Coal, 2021 - 2031 |
6.2 Global Grey Hydrogen Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Grey Hydrogen Market, Revenues & Volume, By Steam Methane Reforming, 2021 - 2031 |
6.2.3 Global Grey Hydrogen Market, Revenues & Volume, By Coal Gasification, 2021 - 2031 |
6.3 Global Grey Hydrogen Market, Revenues & Volume, By End-use, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Grey Hydrogen Market, Revenues & Volume, By Petrochemical, 2021 - 2031 |
6.3.3 Global Grey Hydrogen Market, Revenues & Volume, By Ammonia, 2021 - 2031 |
6.3.4 Global Grey Hydrogen Market, Revenues & Volume, By Chemical, 2021 - 2031 |
6.3.5 Global Grey Hydrogen Market, Revenues & Volume, By Steel, 2021 - 2031 |
6.3.6 Global Grey Hydrogen Market, Revenues & Volume, By Transportation, 2021 - 2031 |
6.3.7 Global Grey Hydrogen Market, Revenues & Volume, By Power, 2021 - 2031 |
6.3.8 Global Grey Hydrogen Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Grey Hydrogen Market, Overview & Analysis |
7.1 North America Grey Hydrogen Market Revenues & Volume, 2021 - 2031 |
7.2 North America Grey Hydrogen Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Grey Hydrogen Market, Revenues & Volume, By Source, 2021 - 2031 |
7.4 North America Grey Hydrogen Market, Revenues & Volume, By Technology, 2021 - 2031 |
7.5 North America Grey Hydrogen Market, Revenues & Volume, By End-use, 2021 - 2031 |
8 Latin America (LATAM) Grey Hydrogen Market, Overview & Analysis |
8.1 Latin America (LATAM) Grey Hydrogen Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Grey Hydrogen Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Grey Hydrogen Market, Revenues & Volume, By Source, 2021 - 2031 |
8.4 Latin America (LATAM) Grey Hydrogen Market, Revenues & Volume, By Technology, 2021 - 2031 |
8.5 Latin America (LATAM) Grey Hydrogen Market, Revenues & Volume, By End-use, 2021 - 2031 |
9 Asia Grey Hydrogen Market, Overview & Analysis |
9.1 Asia Grey Hydrogen Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Grey Hydrogen Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Grey Hydrogen Market, Revenues & Volume, By Source, 2021 - 2031 |
9.4 Asia Grey Hydrogen Market, Revenues & Volume, By Technology, 2021 - 2031 |
9.5 Asia Grey Hydrogen Market, Revenues & Volume, By End-use, 2021 - 2031 |
10 Africa Grey Hydrogen Market, Overview & Analysis |
10.1 Africa Grey Hydrogen Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Grey Hydrogen Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Grey Hydrogen Market, Revenues & Volume, By Source, 2021 - 2031 |
10.4 Africa Grey Hydrogen Market, Revenues & Volume, By Technology, 2021 - 2031 |
10.5 Africa Grey Hydrogen Market, Revenues & Volume, By End-use, 2021 - 2031 |
11 Europe Grey Hydrogen Market, Overview & Analysis |
11.1 Europe Grey Hydrogen Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Grey Hydrogen Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Grey Hydrogen Market, Revenues & Volume, By Source, 2021 - 2031 |
11.4 Europe Grey Hydrogen Market, Revenues & Volume, By Technology, 2021 - 2031 |
11.5 Europe Grey Hydrogen Market, Revenues & Volume, By End-use, 2021 - 2031 |
12 Middle East Grey Hydrogen Market, Overview & Analysis |
12.1 Middle East Grey Hydrogen Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Grey Hydrogen Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Grey Hydrogen Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Grey Hydrogen Market, Revenues & Volume, By Source, 2021 - 2031 |
12.4 Middle East Grey Hydrogen Market, Revenues & Volume, By Technology, 2021 - 2031 |
12.5 Middle East Grey Hydrogen Market, Revenues & Volume, By End-use, 2021 - 2031 |
13 Global Grey Hydrogen Market Key Performance Indicators |
14 Global Grey Hydrogen Market - Export/Import By Countries Assessment |
15 Global Grey Hydrogen Market - Opportunity Assessment |
15.1 Global Grey Hydrogen Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Grey Hydrogen Market Opportunity Assessment, By Source, 2021 & 2031F |
15.3 Global Grey Hydrogen Market Opportunity Assessment, By Technology, 2021 & 2031F |
15.4 Global Grey Hydrogen Market Opportunity Assessment, By End-use, 2021 & 2031F |
16 Global Grey Hydrogen Market - Competitive Landscape |
16.1 Global Grey Hydrogen Market Revenue Share, By Companies, 2024 |
16.2 Global Grey Hydrogen Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |