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The booming chemical industry will drive the growth of the Merchant Hydrogen Market
HYDERABAD, TELANGANA, INDIA, December 7, 2022 /EINPresswire.com/ — IndustryARC, in its latest report, predicts that The Merchant Hydrogen Market size is forecast to reach US$124 billion by 2027 after growing at a CAGR of 7.2% during 2022-2027. Merchant hydrogen refers to the production of hydrogen in hydrogen production plants and selling it to several end-use industries for various industrial processes. Merchant hydrogen is extensively used in the oil and refinery industry in the manufacturing of gasoline, diesel, jet fuels, and various refining processes such as hydrocracking, hydrotreating, etc. The oil and refinery industry expanding globally and this will drive the growth of…
Merchant Hydrogen Market Size to Boost USD 1,334.5 Million By 2028 | CAGR 3.80% – IndustryARC
