블루 수소 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the blue hydrogen market size is estimated at 0.81 Million tons in 2026, and is expected to reach 7.89 Million tons by 2031, at a CAGR of 57.64% during the forecast period (2026-2031).

This report is Segmented by Technology (Steam Methane Reforming + CCS, Autothermal Reforming + CCS, Gas Partial Oxidation + CCS, Natural-Gas Pyrolysis, and More), End-User Industry (Refining, Chemicals, Iron and Steel, Transportation, and Other Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). Market Forecasts are Provided in Terms of Volume (tons).

Global Blue Hydrogen Market Trends and Insights

Surging Application in Fuel-Cell Electric Vehicles

Heavy-duty trucking is moving beyond pilots. Nikola delivered 72 Class 8 fuel-cell trucks in 1H 2025, and Hyundai committed to 1,600 XCIENT units across California and Switzerland by 2027. California's Low Carbon Fuel Standard credits give blue hydrogen with 90% capture a competitive total cost of ownership, and early fleet operators lock in multi-year supply contracts. Maritime interest is rising as Maersk and TotalEnergies complete bunkering trials in Rotterdam, aiming for 2028 route commercialization. These adopters value immediate emissions compliance without waiting for renewable overbuild, pushing the blue hydrogen market toward transportation inflection.

Growing Blue-Ammonia Back-Haul Corridors in Asia

A first shipment of 40 tons of blue ammonia from Saudi Aramco to JERA in 2024 proved the commercial case for long-distance hydrogen carriage in ammonia form. South Korea's POSCO earmarked USD 1.2 billion in 2025 for cracking facilities targeting 200,000 tons of hydrogen by 2028. Middle-Eastern producers deliver blue hydrogen at USD 1.20 kg and sell into Northeast Asia near USD 2.50 kg, a 40% price advantage over domestic green supply. The corridor satisfies Japan and South Korea's 2030 hydrogen targets despite renewable-land constraints, embedding long-term trade lanes in the blue hydrogen market.

High Production Cost vs. Grey Hydrogen

Unsubsidized blue hydrogen ranges USD 1.80-2.50 kg versus USD 1.00-1.30 kg for grey in gas-rich regions, sustaining a 40-90% premium. EU carbon prices above EUR 80 t narrow the gap to 10-20%, but Asian buyers remain price-sensitive. SMR-CCS capex of USD 2.5-3.0 kg yr capacity is double conventional SMR, mainly from capture equipment. Small industrial users cannot amortize these costs, limiting early adoption to refineries, ammonia, and steel complexes and slowing penetration of the blue hydrogen market.

Other drivers and restraints analyzed in the detailed report include:

1. Rising Demand from Chemical Feedstocks (Ammonia, Methanol)
2. IRA 45V and EU RFNBO Incentives Compress Levelized Cost
3. Energy-Intensity and Efficiency Losses

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Steam-methane reforming with CCS retains the bulk 61.62% share in 2025 because refineries can retrofit existing reformers at 40-50% lower capital cost than greenfield ATR. Gas partial oxidation remains confined to petrochemical sites needing high-CO heat, while natural-gas pyrolysis is pre-commercial. Linde's planned hybrid SMR-ATR plant in Texas signals a pragmatic middle ground, balancing capture efficiency and cost. Autothermal reforming with CCS is on track for a 62.25% CAGR, the quickest among production pathways. ATR achieves 95-98% CO2 capture by combining oxygen-blown partial oxidation with high-pressure reforming, producing a near-pure CO2 stream that slashes solvent-regeneration energy. Air Products' USD 7 billion Louisiana complex will use ATR to deliver 750,000 t yr hydrogen and sequester 5 million t CO2, targeting Tier 4 IRA credits.

Project economics increasingly hinge on subsidy structures. Where maximum carbon credits are available, ATR dominates; where brownfield integration advantages count more, SMR retrofits prevail. Technology licensors are locked in a competitive race, Topsoe captured eight ATR awards in 2025 thanks to modular SynCOR units that cut construction time 30%, while Johnson Matthey recorded three for its LCH, underscoring a technology shake-out that will reshape the blue hydrogen market.

Complete Report Scope:

• By Technology
  • Steam Methane Reforming (SMR) + CCS
  • Autothermal Reforming (ATR) + CCS
  • Gas Partial Oxidation (GPOX) + CCS
  • Natural-Gas Pyrolysis / NGD
  • Integrated SMR-ATR Hybrid
• By End-user Industry
  • Refining
  • Chemicals
  • Iron and Steel
  • Transportation
  • Other Industries (Cement, Glass, Food, and more)
• Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle-East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle-East and Africa

Geography Analysis

Asia-Pacific commanded 38.24% of the 2025 blue hydrogen market and is forecast to grow 59.42% CAGR, the strongest regional pace. China commissioned three Inner Mongolia and Shaanxi facilities totaling 180,000 t yr hydrogen in 2025 and paired them with 1.2 million t yr CO2 sequestration. South Korea's first commercial cracking terminals come online in 2026, positioning Busan and Gwangyang as regional import hubs. Japan's updated hydrogen strategy targets 3 million t yr imports by 2030, 60% from blue ammonia, using legacy LNG terminals for offloading. India pilots blue hydrogen at Mathura but awaits a national carbon price before scaling beyond 2028. Competitive delivered-cost baselines of USD 1.20-1.50 kg, plus ample CCS geology, anchor Asia-Pacific's cost leadership even as certification lags restrict export access to European RFNBO markets.

North America leverages IRA 45V credits to secure most of the regional capacity within the United States. ExxonMobil's Baytown and Air Products' Louisiana projects together add 1.5 million t yr by 2028. Canada's Edmonton region hosts four operating facilities and plans to triple output by 2030 through the Pathways Alliance, capitalizing on proven saline aquifer storage. Mexico's participation is exploratory only. Post-2032 sunset clauses for 45V create long-term policy risk that could strand 40-50% of un-sanctioned plans, making subsidy durability the critical variable.

Europe presents a mixed picture. RFNBO mandates guarantee demand, yet high gas prices and methane-certification delays slow new FIDs. Germany's EUR 3 billion fund backed only Linde's Leuna and Uniper's Wilhelmshaven projects to date. United Kingdom clusters HyNet and East Coast supply 80,000 t yr hydrogen under GBP 1.50 kg contracts-for-difference, but broader uptake hinges on resolving liability for CO2 storage. France and Italy focus on green hydrogen, leaving blue to refinery retrofits. Middle East-Africa and South America are early-stage exporters: Saudi Aramco's Jafurah rises to 1.5 million t yr blue ammonia by 2025, while Petrobras pilots CCS-enabled hydrogen in Brazil, both targeting premium Northeast Asian demand.

1. Air Liquide
2. Air Products and Chemicals, Inc.
3. ATCO Ltd.
4. BP p.l.c.
5. CERTIFHY CONSORTIUM.
6. Cummins Inc.
7. Equinor ASA
8. Exxon Mobil Corporation
9. Johnson Matthey
10. Linde PLC
11. Plug Power Inc.
12. Reliance Industries Limited
13. SABIC
14. Saudi Arabian Oil Co.
15. Shell plc
16. Siemens Energy
17. Suncor Energy Inc.
18. Technip Energies N.V.
19. Topsoe A/S
20. TotalEnergies
21. Uniper SE
22. Xebec Adsorption Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Surging application in fuel-cell electric vehicles
  • 4.2.2 Growing blue-ammonia back-haul corridors in Asia
  • 4.2.3 Rising demand from chemical feedstocks (ammonia, methanol)
  • 4.2.4 IRA 45V and EU RFNBO incentives compress levelised cost
  • 4.2.5 Rapid CCS hub build-out lowers capture cost
• 4.3 Market Restraints
  • 4.3.1 High production cost vs. grey hydrogen
  • 4.3.2 Energy-intensity/efficiency losses
  • 4.3.3 Methane-slip measurement and certification gaps
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Competition

5 Market Size & Growth Forecasts (Volume)

• 5.1 By Technology
  • 5.1.1 Steam Methane Reforming (SMR) + CCS
  • 5.1.2 Autothermal Reforming (ATR) + CCS
  • 5.1.3 Gas Partial Oxidation (GPOX) + CCS
  • 5.1.4 Natural-Gas Pyrolysis / NGD
  • 5.1.5 Integrated SMR-ATR Hybrid
• 5.2 By End-user Industry
  • 5.2.1 Refining
  • 5.2.2 Chemicals
  • 5.2.3 Iron and Steel
  • 5.2.4 Transportation
  • 5.2.5 Other Industries (Cement, Glass, Food, and more)
• 5.3 Geography
  • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
  • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
  • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Rest of Europe
  • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
  • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share(%)/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
  • 6.4.1 Air Liquide
  • 6.4.2 Air Products and Chemicals, Inc.
  • 6.4.3 ATCO Ltd.
  • 6.4.4 BP p.l.c.
  • 6.4.5 CERTIFHY CONSORTIUM.
  • 6.4.6 Cummins Inc.
  • 6.4.7 Equinor ASA
  • 6.4.8 Exxon Mobil Corporation
  • 6.4.9 Johnson Matthey
  • 6.4.10 Linde PLC
  • 6.4.11 Plug Power Inc.
  • 6.4.12 Reliance Industries Limited
  • 6.4.13 SABIC
  • 6.4.14 Saudi Arabian Oil Co.
  • 6.4.15 Shell plc
  • 6.4.16 Siemens Energy
  • 6.4.17 Suncor Energy Inc.
  • 6.4.18 Technip Energies N.V.
  • 6.4.19 Topsoe A/S
  • 6.4.20 TotalEnergies
  • 6.4.21 Uniper SE
  • 6.4.22 Xebec Adsorption Inc.

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-need Assessment
• 7.2 Rising Government Initiatives to Shift Towards Clean Energy Sources