수증기 메탄 개질 시장 : 규모, 점유율, 성장 분석, 원료별, 변환기술별, 최종용도 산업별, 조업규모별, 지역별, 업계 예측(2025-2032년)

Global Steam Methane Reforming Market size was valued at USD 84.4 billion in 2023 and is poised to grow from USD 89.13 billion in 2024 to USD 137.82 billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).

The global steam methane reforming (SMR) market is primarily driven by the urgent and consistent demand for hydrogen across various critical industries. As the most established and cost-effective method for hydrogen production, SMR plays a vital role in processes like hydrocracking and desulfurization in petroleum refining, as well as ammonia and methanol production in the chemical sector. This ongoing need for essential industrial products ensures a stable demand for SMR. However, the market faces significant challenges due to environmental concerns, as the SMR process emits substantial CO2 and is carbon-intensive, contradicting global decarbonization efforts. Consequently, there is growing investment in alternative hydrogen production methods, such as green hydrogen, posing a potential long-term threat to the traditional SMR market dynamics.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Steam Methane Reforming market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Steam Methane Reforming Market Segments Analysis

Global Steam Methane Reforming Market is segmented by Feedstock, Conversion Technology, End Use Industry, Scale of Operation and region. Based on Feedstock, the market is segmented into Natural Gas, Liquefied Natural Gas, Methanol and Coal. Based on Conversion Technology, the market is segmented into Steam Reforming, Autothermal Reforming, Partial Oxidation and Catalytic Partial Oxidation. Based on End Use Industry, the market is segmented into Petrochemicals, Fertilizers, Power Generation and Hydrogen Production. Based on Scale of Operation, the market is segmented into Large-Scale Plants and Small-Scale Plants. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Steam Methane Reforming Market

A key factor propelling the Global Steam Methane Reforming market is the consistent and substantial demand for hydrogen, particularly from the petroleum refining sector, where it is essential for desulfurization processes, as well as from the chemical industry for the production of ammonia and methanol. These industries play a crucial role in the global economy and necessitate large-scale hydrogen generation. Given the need for cost-effective production methods, Steam Methane Reforming stands out as a preferred solution, ensuring that the demand for hydrogen remains robust over time, ultimately driving the market forward.

Restraints in the Global Steam Methane Reforming Market

The steam methane reforming (SMR) process poses significant challenges due to its high carbon intensity, which generates substantial quantities of CO2, conflicting with global climate goals. This technology is associated with considerable scope one emissions that hinder its viability as global carbon regulations evolve towards stricter limitations and enhanced carbon pricing frameworks. Consequently, the long-term sustainability of SMR faces considerable risks as the pressure to reduce carbon footprints intensifies. As environmental concerns and regulatory measures become more stringent, the ongoing viability of SMR in a progressively eco-conscious market remains uncertain, necessitating the exploration of more sustainable alternatives.

Market Trends of the Global Steam Methane Reforming Market

The global steam methane reforming market is witnessing a significant trend towards the production of blue hydrogen, achieved through the integration of carbon capture, utilization, and storage (CCUS) technologies. This shift is propelled by mounting global decarbonization efforts and supportive government policies aimed at reducing carbon emissions. As industries and nations alike pursue sustainable energy solutions, the adoption of SMR combined with CCUS presents a pragmatic approach to producing low-carbon hydrogen, positioning it as a vital component of the energy transition. This evolving landscape highlights the increasing importance of innovative technologies in addressing climate challenges and meeting future energy demands.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Steam Methane Reforming Market Size by Feedstock & CAGR (2025-2032)

• Market Overview
• Natural Gas
• Liquefied Natural Gas
• Methanol
• Coal

Global Steam Methane Reforming Market Size by Conversion Technology & CAGR (2025-2032)

• Market Overview
• Steam Reforming
• Autothermal Reforming
• Partial Oxidation
• Catalytic Partial Oxidation

Global Steam Methane Reforming Market Size by End Use Industry & CAGR (2025-2032)

• Market Overview
• Petrochemicals
• Fertilizers
• Power Generation
• Hydrogen Production

Global Steam Methane Reforming Market Size by Scale of Operation & CAGR (2025-2032)

• Market Overview
• Large-Scale Plants
• Small-Scale Plants

Global Steam Methane Reforming Market Size & CAGR (2025-2032)

• North America (Feedstock, Conversion Technology, End Use Industry, Scale of Operation)
  • US
  • Canada
• Europe (Feedstock, Conversion Technology, End Use Industry, Scale of Operation)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Feedstock, Conversion Technology, End Use Industry, Scale of Operation)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Feedstock, Conversion Technology, End Use Industry, Scale of Operation)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Feedstock, Conversion Technology, End Use Industry, Scale of Operation)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Linde plc (Ireland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Air Liquide S.A. (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Air Products and Chemicals, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Topsoe (Denmark)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• KBR, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Technip Energies (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Wood Group (United Kingdom)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Johnson Matthey (JM) (United Kingdom)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Honeywell UOP (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Clariant AG (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Heavy Industries (MHI) (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Maire Tecnimont S.p.A. (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Engineers India Limited (EIL) (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Pyramid E&C (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• HyGear (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Grasys JSC (Russia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• thyssenkrupp Uhde (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• MVS Engineering Pvt. Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• RUICHANG (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Air Water Inc. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations