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The Asian market witnessed a continuous boom in the Hydrogen demand as a fuel, especially in China. China invested a lot in Hydrogen fuel in past couple of years to reduce CO2 emission of the country, and they continued this trend in last quarter as well.
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Hydrogen Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Market Overview Quarterly Update on Global Hydrogen Market For the Quarter Ending March 2021 North America The US freezing storm disrupted industrial activities of the US Texas region for almost two months. Most of the plants were down amidst this winter freeze, it is estimated that, more than 7.37% of LNG output was totally halted due this extreme cold. Hence the production of Hydrogen was also reduced with shortage of feedstock Methane, across the region. Although the domestic demand for Hydrogen remained high, tight supply further supported the prices of LNG. Get more info: https://www.chemanalyst.com/Pricing-data/hydrogen-1165 FOLLOW US:
Hydrogen Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Asia The Asian market witnessed a continuous boom in the Hydrogen demand as a fuel, especially in China. China invested a lot in Hydrogen fuel in past couple of years to reduce CO2 emission of the country, and they continued this trend in last quarter as well. Meanwhile, surge in COVID 19 cases in China forced the government to implement partial lockdown across some region, which affected the transportation of Hydrogen and ultimately reduced the availability of Hydrogen in the country. On the other hand, Indian government also announced a big budget of green Hydrogen that enhanced the market sentiments across the country. Although, Panama Canal congestion and surge in import prices halted the availability of Hydrogen in the country which supported the prices. Prices of Hydrogen in Indian market rose from USD 258.83 to USD 310.02 per MT from early January to March ending. Europe The European LNG demand remained high amidst winter in addition supply tightness supported the prices cross the region, which directly impacted the prices of alternative Hydrogen in the market. Germany is just behind China in the race of Hydrogen as a fuel for transportation thus its demand in the European region is expected to remain high in forthcoming quarters also. I n addition, the prices of feedstock Methane also witnessed prominent ruse due to higher LNG exports to Asia and lower supply from the US Gulf under extreme cold conditions. FOLLOW US:
Hydrogen Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Methodology ChemAnalyst gathers information through primary research surveys conducted with various Hydrogen gas manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market. Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Hydrogen gas market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe. Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Hydrogen gas market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis. Finally, region-specific markets for Hydrogen gas are analyzed and region- wise demand pattern is tracked. FOLLOW US:
Hydrogen Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ About Hydrogen is a colorless, tasteless, odorless, flammable gaseous substance. It is the simplest and the first member in the chemical family. Hydrogen gas is the loose aggregation of hydrogen molecules under normal conditions. The product is widely demanded in various end-use industries due to its stability and ability to form stable bonds with number of elements. Hydrogen gas is majorly used in refining industries to remove Sulphur and in the manufacture of ammonia. Besides, it even finds extensive applications in several other fields like transportation industry, fertilizers, pharmaceutical industry, and others. Due to its ideal properties, it is often used as a base for producing other chemical compounds such as ammonia and carbon monoxide. Being regarded as the clean fuel, Hydrogen gas can be used as fuel in future in the transport industry. It can be derived from the electrolysis of water and steam methane reformer (SMR) process. Through electrolysis process, the amount of carbon dioxide released is twenty times less than that is released in SMR. Therefore, major companies and economies are now focusing to produce hydrogen gas through electrolysis of water which can be used as a clean fuel in future. Product Specific Details CAS No.: 1333-74-0, HS Code: 28041000; Grades: High Purity Grade, Electronic Grade; Packaging Size: 25 Kg Bag; Incoterms: CFR, FOB, Ex- Works, Bulk Contracted, Spot Countries Covered: APAC – China, Japan, India, South Korea, Singapore Europe – Germany, France, Belgium America – USA, Brazil MEA – Saudi Arabia, UAE, South Africa FOLLOW US:
Hydrogen Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ How we can help ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally. Related Report : Global Green Hydrogen Market, By End-Use (Utilities, Telecom Power, Industrial, Transport and Others), By Region, Competition Forecast & Opportunities, 2030 FOLLOW US:
Hydrogen Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ ChemAnalyst is ‘one stop’ online portal that offers comprehensive market intelligence data and in-depth analysis on the Global chemical and petrochemical industry. Our aim is to provide competitive advantage to the industry stakeholders by offering ‘cutting edge’ information and analysis that help our customers leverage on the emerging opportunities in their businesses. ChemAnalyst’s team of 100+ analysts are engaged in tracking Chemical Prices daily, production capacity, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst’s Interactive subscription platform provides the most comprehensive data and analysis in your industry to help you decode the future. demand and supply outlook, ChemAnalyst is promoted by TechSci Research (TSR). TSR is a research- based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace Management, BFSI and more. & Defense, Water and Waste CHEMANALYST B-44, Sector -57, Noida, NationalCapital Region, UP, India201301 Tel:+91-120-4523900 E: sales@chemanalyst.com FOLLOW US:
