Growing Demand from Hydrotreating Plants to Fuel India Hydrogen Market to Over $ 720 Million by 2030
According to TechSci Research report “India Hydrogen Market By Technology, By Mode, By Application, Competition Forecast & Opportunities,
2012 – 2030”, hydrogen market
in India is forecast to reach $ 727 million by 2030. Evolving technologies such
as coal gasification and rising demand for hydrogen from hydrotreating plants
in the refinery and chemical & petrochemical sectors are likely to boost
hydrogen market in India in coming years. Owing to the merger of Linde and
Praxair, set for completion by the end of 2018, the new combined entity is
anticipated to capture the largest share in India hydrogen market during
forecast period.
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Tables and 42 Figures spread through 102 Pages and an in-depth TOC on "India
Hydrogen Market"
https://www.techsciresearch.com/report/india-hydrogen-market/1758.html
In India, major sources of hydrogen include steam
reforming of naphtha and natural gas, chlor-alkali production and electrolysis
of hydrogen. Petroleum refineries also install on-purpose hydrogen production
facilities to address the growing need for hydro-desulfurization of fuels such
as diesel and petrol. India hydrogen market is dominated by the captive mode of
consumption, as it is used to produce ammonia and methanol. West India accounts
for the largest share in hydrogen market in the country, due to the presence of
refineries and chemical & petrochemical companies such as Reliance
Industries, Essar Oil, Indian Oil Corporation, Grasim Industries and Tata
Chemicals in the region.
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“Growing
economy is expected to give a boost to chemical and petroleum products consumption
in India, which would create huge opportunities for investments in the chemical
& petrochemical and petroleum refinery sectors, thereby aiding the
country’s hydrogen market during the forecast period. Moreover, government
regulations towards the desulfurization of petroleum products and intensifying
demand for cleaner fuels are some of the other factors that would positively
influence the hydrogen market in India in the future.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“India Hydrogen Market By Technology, By Mode, By Application,
Competition Forecast & Opportunities, 2012 – 2030” has evaluated
the future growth potential of India hydrogen market and provides statistics
and information on market size, structure and trends. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decision. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in
India hydrogen market.
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