1Q 2022

Hydrogen Industrial Clusters

Low Carbon Hydrogen in Fuel Refining, Chemicals, Steelmaking, and Industrial Heating: Global Consumption and Revenue Forecasts

Industrial clusters are attracting growing attention for their role in the scale-up of hydrogen technologies. Concentrations of carbon-intensive industrial facilities benefit from large demand potential and access to well-developed infrastructure. In many cases, they are also significant producers and consumers of unabated fossil hydrogen, using the molecule as a chemical feedstock, reactant, and reducing agent. Decarbonizing these applications requires substitution with low carbon hydrogen produced using renewable electricity or from fossil fuels with carbon capture and sequestration.

In Europe and other key markets, policymakers have begun to prioritize industrial clusters as a no-regret option for the deployment of hydrogen technologies. A pipeline of cluster projects has started to emerge, at various stages of development and with distinct technological and strategic priorities. However, cluster projects face a range of economic and technical challenges related to the costs of low carbon hydrogen adoption and the complexity of industrial process change.

This report delivers a comprehensive overview of global hydrogen cluster development, concentrating on low carbon hydrogen consumption growth across five key industrial applications: fuel refining, ammonia production, methanol synthesis, steelmaking, and industrial heating. It provides regionally segmented forecasts for industrial hydrogen consumption through 2031 as well as project-level insights on hydrogen cluster growth.

Pages 50
Tables | Charts | Figures 49
  • What are the key applications for hydrogen in industry?
  • What are the advantages of hydrogen uptake in industrial clusters?
  • What are the technical challenges involved with low carbon hydrogen uptake in industry?
  • How much low carbon hydrogen is expected to be consumed within industry?
  • How much low carbon hydrogen is anticipated to be consumed by industrial applications in North America in 2031?
  • How much low carbon hydrogen will likely be consumed by industrial applications in Europe in 2031?
  • How much low carbon hydrogen is expected to be consumed by industrial applications in Asia Pacific in 2031?
  • Electrolyzer manufacturers
  • Ammonia and fertilizer producers
  • Refinery and petrochemical stakeholders
  • Iron and steel producers
  • Infrastructure owners
  • Government agencies
  • Hydrogen nonprofits and research organizations
  • Utilities
  • Renewable technology developers
  • Investor community 

1. Executive Summary

1.1    Introduction

1.2    Market Forecast

2. Market Issues

2.1    Introduction

2.2    Key Industrial Uses for Hydrogen

2.2.1   Fuel Refining

2.2.1.1    Decarbonizing Hydrogen Use in Fuel Refining

2.2.1.2   Demand Outlook for Hydrogen in Refineries

2.2.2   Ammonia

2.2.2.1    Decarbonizing Ammonia Production

2.2.2.2    Demand Outlook for Hydrogen in Ammonia Production

2.2.3   Methanol

2.2.3.1    Emerging Demand for Methanol

2.2.3.2    Decarbonizing Methanol Synthesis

2.2.4   Steelmaking

2.2.4.1    The Blast Furnace-Basic Oxygen Furnace Pathway

2.2.4.2    The Scrap-Based Electric Arc Furnace Pathway

2.2.4.3    The DRI-EAF Pathway

2.2.4.4    Decarbonizing Steelmaking

2.2.5   Industrial Heat

2.2.5.1    Viability of Hydrogen for Industrial Heating

2.2.5.2    Combined Heat and Power

2.3    Market Drivers

2.3.1   Prioritizing Industrial Clusters

2.3.2   Synergies Across Low Carbon Pathways

2.3.3   Carbon Pricing

2.4    Market Barriers

2.4.1   Technical Barriers

2.4.2   Access to Renewable Energy Resources

2.4.3   Nascent Markets for Low Carbon Products

3. Market Forecasts

3.1    Methodology

3.2    Global Market Overview

3.2.1   Industrial Hydrogen Consumption Forecast

3.2.2   Industrial Hydrogen Revenue Forecast

3.2.3   Industrial Hydrogen Consumption by Sector

3.3    Regional Market Overview

3.3.1   North America

3.3.2   Europe

3.3.3   Asia Pacific

3.3.4   Latin America

3.3.5   Middle East & Africa

4. Conclusions and Recommendations

5. Acronym and Abbreviation List

6. Table of Contents

7. Table of Charts and Figures

8. Scope of Study, Sources and Methodology, Notes

  • Industrial Low Carbon Hydrogen Consumption by Region, World Markets: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Region, World Markets: 2022-2031
  • Industrial Low Carbon Hydrogen Consumption by Sector, World Markets: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Sector, World Markets: 2022-2031
  • Industrial Low Carbon Hydrogen Consumption by Sector, North America: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Sector, North America 2022-2031
  • Industrial Low Carbon Hydrogen Consumption by Sector, Europe: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Sector, Europe: 2022-2031
  • Industrial Low Carbon Hydrogen Consumption by Sector, Asia Pacific: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Sector, Asia Pacific: 2022-2031
  • Industrial Low Carbon Hydrogen Consumption by Sector, Latin America: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Sector, Latin America: 2022-2031
  • Industrial Low Carbon Hydrogen Consumption by Sector, Middle East & Africa: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Sector, Middle East & Africa: 2022-2031
  • Ammonia Low Carbon Hydrogen Consumption by Region, World Markets: 2022-2031
  • Ammonia Low Carbon Hydrogen Revenue by Region, World Markets: 2022-2031
  • Iron and Steel Low Carbon Hydrogen Consumption by Region, World Markets: 2022-2031
  • Iron and Steel Low Carbon Hydrogen Revenue by Region, World Markets: 2022-2031
  • Fuel Refining Low Carbon Hydrogen Consumption by Region, World Markets: 2022-2031
  • Fuel Refining Low Carbon Hydrogen Revenue by Region, World Markets: 2022-2031
  • Methanol Low Carbon Hydrogen Consumption by Region, World Markets: 2022-2031
  • Methanol Low Carbon Hydrogen Revenue by Region, World Markets: 2022-2031
  • Industrial Heat Low Carbon Hydrogen Consumption by Region, World Markets: 2022-2031
  • Industrial Heat Low Carbon Hydrogen Revenue by Region, World Markets: 2022-2031
  • Industrial Low Carbon Hydrogen Consumption by Region, World Markets: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Region, World Markets: 2022-2031
  • Industrial Low Carbon Hydrogen Consumption by Sector, World Markets: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Sector, World Markets: 2022-2031
  • Industrial Low Carbon Hydrogen Consumption by Sector, North America: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Sector, North America 2022-2031
  • Industrial Low Carbon Hydrogen Consumption by Sector, Europe: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Sector, Europe: 2022-2031
  • Industrial Low Carbon Hydrogen Consumption by Sector, Asia Pacific: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Sector, Asia Pacific: 2022-2031
  • Industrial Low Carbon Hydrogen Consumption by Sector, Latin America: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Sector, Latin America: 2022-2031
  • Industrial Low Carbon Hydrogen Consumption by Sector, Middle East & Africa: 2022-2031
  • Industrial Low Carbon Hydrogen Revenue by Sector, Middle East & Africa: 2022-2031
  • Ammonia Low Carbon Hydrogen Consumption, World Markets: 2022-2031
  • Ammonia Low Carbon Hydrogen Revenue, World Markets: 2022-2031
  • Iron and Steel Low Carbon Hydrogen Consumption by Region, World Markets: 2022-2031
  • Iron and Steel Low Carbon Hydrogen Revenue by Region, World Markets: 2022-2031
  • Refinery Low Carbon Hydrogen Consumption by Region, World Markets: 2022-2031
  • Refinery Low Carbon Hydrogen Revenue by Region, World Markets: 2022-2031
  • Methanol Low Carbon Hydrogen Consumption by Region, World Markets: 2022-2031
  • Methanol Low Carbon Hydrogen Revenue by Region, World Markets: 2022-2031
  • Industrial Heat Low Carbon Hydrogen Consumption by Region, World Markets: 2022-2031
  • Industrial Heat Low Carbon Hydrogen Revenue by Region, World Markets: 2022-2031
  • Comparison of Different Industrial Hydrogen Applications
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