세계의 그린 수소 중간체 시장 예측 : 중간체별, 용도별, 지역별 분석(-2032년)

According to Stratistics MRC, the Global Green Hydrogen Intermediates Market is accounted for $10.04 billion in 2025 and is expected to reach $82.01 billion by 2032 growing at a CAGR of 35.0% during the forecast period. Green hydrogen intermediates are essential for advancing a low-carbon energy future. Generated via renewable-powered electrolysis, they serve as temporary storage and transport mediums for hydrogen before deployment in multiple applications. These intermediates enable easier handling, storage, and incorporation of hydrogen in sectors like chemical manufacturing, fuel cell technology, and synthetic fuels. Acting as a bridge between production and end use, they address logistical challenges related to hydrogen distribution. With growing emphasis on decarbonization, renewable energy integration, and global net-zero commitments, the demand and development of green hydrogen intermediates are expanding rapidly, providing a versatile, eco-friendly pathway for industries to transition toward sustainable energy solutions.

According to the World Wildlife Fund (WWF-India), industrial and commercial consumers in India could demand 3.8 million tonnes of green hydrogen annually by 2030, driven by sectors such as refining, fertilizers, and steel.

Market Dynamics:

Driver:

Rising demand for clean energy

Increasing global emphasis on sustainable energy is fueling growth in the green hydrogen intermediates market. Nations and industries are prioritizing carbon reduction and transitioning toward renewable energy, boosting investments in green hydrogen production. Intermediates act as a practical means to store, transport, and deploy hydrogen across industrial processes, electricity generation, and transportation applications. They play a vital role in decarbonizing sectors such as steel, chemicals, and logistics. The ongoing expansion of renewable energy capacity further strengthens market prospects, enabling broader use of hydrogen solutions. Consequently, green hydrogen intermediates are becoming indispensable in efforts to achieve sustainability, energy security, and global net-zero emission objectives.

Restraint:

High production costs

Elevated production costs remain a key challenge for the green hydrogen intermediates market. Producing green hydrogen via electrolysis demands heavy investment and depends on costly renewable electricity. Further processing into intermediates, along with storage and distribution, adds to overall expenses. As a result, green hydrogen becomes less economically attractive compared to traditional fossil fuels. High costs may discourage industries and end-users from adopting intermediates at scale, restraining market growth. Until cost-efficient technologies and production methods emerge, the economic barrier will continue to impede widespread market penetration. Consequently, price-related limitations pose a significant challenge for the global expansion of green hydrogen intermediates.

Opportunity:

Technological advancements in hydrogen production

Advances in hydrogen production technologies provide promising growth prospects for the green hydrogen intermediates market. Innovations in electrolysis, storage, and conversion processes are improving efficiency, safety, and economic viability of hydrogen intermediates. These technological improvements support large-scale production, secure storage, and efficient transportation for industrial and energy applications. Enhanced methods help reduce operational costs, making green hydrogen increasingly competitive against fossil fuels. Continuous research and innovation are driving scalable, cost-effective solutions, enabling industries to integrate intermediates into their energy and production systems effectively. As a result, these technological developments open new markets, facilitate diverse applications, and accelerate the adoption of low-carbon energy solutions globally.

Threat:

Competition from conventional fuels

The green hydrogen intermediates sector is threatened by competition from conventional energy sources like coal, oil, and natural gas. These fuels are cost-effective, readily available, and supported by extensive infrastructure, making them attractive for industrial and consumer use. Their economic advantages slow the uptake of green hydrogen intermediates, especially in regions with high price sensitivity. Continued subsidies and investments in traditional energy further restrain market expansion. Without significant cost reductions and technological improvements in green hydrogen production, intermediates may face challenges in gaining market share, slowing their contribution to industrial decarbonization and delaying the transition to sustainable energy systems globally.

Covid-19 Impact:

The COVID-19 outbreak had both constraining and enabling effects on the green hydrogen intermediates market. Short-term growth was disrupted due to halted production, supply chain interruptions, and delays in renewable energy initiatives. Lockdowns and reduced industrial operations decreased demand for intermediates in sectors like steel, chemicals, and ammonia. Conversely, government recovery plans emphasizing sustainability encouraged investments in green hydrogen infrastructure. As industrial activity resumed and renewable projects restarted, market momentum began to recover. Despite initial setbacks, the pandemic highlighted the critical role of low-carbon and resilient energy solutions, ultimately creating long-term growth opportunities for green hydrogen intermediates while accelerating industry focus on sustainable energy transitions.

The green ammonia segment is expected to be the largest during the forecast period

The green ammonia segment is expected to account for the largest market share during the forecast period due to its industrial relevance and adaptability. It is widely used as a feedstock in fertilizer and chemical production and offers an efficient way to store and transport hydrogen. The capability to reconvert ammonia into hydrogen makes it an important energy intermediary for large-scale deployment. Supported by established production and distribution infrastructure, as well as growing renewable energy investments, green ammonia maintains a strong market presence. With increasing emphasis on decarbonization and sustainable energy adoption by industries and governments, green ammonia remains the largest segment, providing a practical, scalable solution for integrating hydrogen into both industrial processes and energy systems globally.

The shipping fuels segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the shipping fuels segment is predicted to witness the highest growth rate. Stricter international regulations and sustainability mandates are encouraging the maritime industry to shift toward low-carbon and zero-emission fuel alternatives, making hydrogen-derived fuels and ammonia highly appealing. Green hydrogen intermediates offer efficient solutions for energy storage, transportation, and on-board utilization in vessels. Rising investment in green fuel infrastructure, along with pilot programs for hydrogen-powered shipping, supports rapid market adoption. As the shipping industry accelerates its transition to sustainable energy, this segment is poised for substantial growth, offering extensive opportunities for companies involved in hydrogen intermediates.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, driven by high industrial consumption, expanding renewable energy capacity, and strong governmental backing. Key nations including China, Japan, and South Korea are heavily investing in green ammonia, hydrogen production infrastructure, and renewable-based electrolysis facilities. The region's dominance in steel, chemical, and fertilizer sectors contributes significantly to hydrogen intermediates adoption. Supportive policies, industrial collaborations, and strategic initiatives further accelerate growth. The combined effect of industrial demand, sustainability efforts, and government incentives positions Asia Pacific as the market leader, creating a favorable ecosystem for large-scale production, storage, and utilization of green hydrogen intermediates across multiple applications.

Region with highest CAGR:

Over the forecast period, the Middle East & Africa region is anticipated to exhibit the highest CAGR, owing to its vast renewable energy potential and growing hydrogen infrastructure investments. Nations including Saudi Arabia, the UAE, and South Africa are actively developing green hydrogen and ammonia projects to diversify energy sources and curb emissions. Strong collaboration between governments and private enterprises, supported by favorable policies and financial incentives, is fueling market expansion. With a rising focus on sustainable energy adoption, industrial decarbonization, and green hydrogen export strategies, this region is poised for rapid market growth, presenting lucrative opportunities for stakeholders and fostering the development of hydrogen intermediates at scale.

Key players in the market

Some of the key players in Green Hydrogen Intermediates Market include Air Liquide S.A., Air Products and Chemicals, Inc., Siemens Energy, ENGIE, Uniper SE, Linde plc, Nel ASA, Plug Power Inc., ITM Power plc, Thyssenkrupp Uhde, Thyssenkrupp Nucera, Adani New Industries Ltd., Reliance Green Hydrogen, ACME Cleantech Solutions and AM Green.

Key Developments:

In October 2025, ENGIE North America (ENGIE) announced that it has entered into additional Power Purchase Agreements (PPAs) with Meta that will increase the overall scale of the commercial relationship between the two companies to more than 1.3 GW across four Texas projects. The announced PPAs include ENGIE's new 600 MW Swenson Ranch Solar project in Stonewall county, south east of Lubbock, Texas.

In September 2025, Siemens Energy Secures Major Converter Station Contract. The transmission system operators (TSOs), Energinet and 50Hertz, have placed a joint order with Siemens Energy for the construction and turnkey delivery of four converter stations and other technical components that will connect the Bornholm Energy Island project to the mainland grids of Denmark and Germany.

In August 2025, Air Liquide announces that it has signed a binding agreement with Macquarie Asia-Pacific Infrastructure Fund 2, for the acquisition of DIG Airgas, a leading national player in South Korea. It is expected to close in the first semester of 2026. The proposed transaction values DIG Airgas at an enterprise value of 2.85 billion euros / 4.6 trillion South Korean won.

Intermediates Covered:

• Green Ammonia
• Green Methanol
• Synthetic Hydrocarbons
• Green Hydrogen-Derived Liquids
• Green Hydrogen-Derived Gases

Applications Covered:

• Fertilizers
• Chemicals & Petrochemicals
• Shipping Fuels
• Aviation Fuels
• Power Generation & Energy Storage
• Industrial Heat & Steelmaking
• Residential & Commercial Heating

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Green Hydrogen Intermediates Market, By Intermediate

• 5.1 Introduction
• 5.2 Green Ammonia
• 5.3 Green Methanol
• 5.4 Synthetic Hydrocarbons
• 5.5 Green Hydrogen-Derived Liquids
• 5.6 Green Hydrogen-Derived Gases

6 Global Green Hydrogen Intermediates Market, By Application

• 6.1 Introduction
• 6.2 Fertilizers
• 6.3 Chemicals & Petrochemicals
• 6.4 Shipping Fuels
• 6.5 Aviation Fuels
• 6.6 Power Generation & Energy Storage
• 6.7 Industrial Heat & Steelmaking
• 6.8 Residential & Commercial Heating

7 Global Green Hydrogen Intermediates Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 Air Liquide S.A.
• 9.2 Air Products and Chemicals, Inc.
• 9.3 Siemens Energy
• 9.4 ENGIE
• 9.5 Uniper SE
• 9.6 Linde plc
• 9.7 Nel ASA
• 9.8 Plug Power Inc.
• 9.9 ITM Power plc
• 9.10 Thyssenkrupp Uhde
• 9.11 Thyssenkrupp Nucera
• 9.12 Adani New Industries Ltd.
• 9.13 Reliance Green Hydrogen
• 9.14 ACME Cleantech Solutions
• 9.15 AM Green