Merchant market poised strong growth for Hydrogen worldwide

Merchant market poised strong growth for Hydrogen worldwide ( Save as .pdf )

Published : March 11, 2010 | Author : bharatbook
Category : Energy | Total Views : 47 | Unrated

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World Hydrogen report ( http://www.bharatbook.com/detail.asp?id=132659&rt=World-Hydrogen.html ) which provided global demand for hydrogen is forecast to expand 3.5 percent per annum through 2013 to 478 billion cubic meters. In value terms, this represents $29.3 billion in captive consumption and $20.8 billion in merchant gas. Growth in hydrogen demand will benefit from strong activity in the petroleum sector, where increasing demand for low sulfur fuels in response to stricter environmental regulations will increase the amount of hydrogen required to produce them. Favorable demand fundamentals for hydrogen also exist in chemical manufacturing applications, and production of semiconductors, float glass, metal components and food processing.
Merchant market poised for growth; captive consumption to remain dominant
Petroleum refineries around the world are consuming greater quantities of hydrogen and this represents the most significant opportunity to merchant suppliers of hydrogen. Of the 25.5 billion cubic meters of overall demand growth in hydrogen by 2013, almost all will be met by merchant suppliers. Nonetheless, captive and on-purpose hydrogen generated by oil refineries will still account for 70 percent of global hydrogen consumption in 2013. Non-refinery applications for hydrogen combined for eleven percent of total consumption in 2008. Of this, chemical manufacturing (exclusive of ammonia and methanol production) accounted for six percent of consumption; the remaining five percent was accounted for by other manufacturing processes and non-manufacturing applications.

Asia/Pacific to be fastest growing regional market
In 2008, North America led the world in hydrogen consumption by volume (30.5%) followed by Asia/Pacific (30%); Western Europe (18%); and other regions (21.5%). However, hydrogen demand growth in the emerging economies of China, India, and other Asian countries (excluding Japan) will make the Asia/Pacific region the global leader in hydrogen consumption before 2013. Other regions such as Latin America, Eastern Europe and Africa/Mideast will also experience faster growth in hydrogen demand than the more mature economies of North America and Western Europe.

Hydrogen economy gains a foothold
The phrase “hydrogen economy” refers to programs or initiatives aimed at using hydrogen as an energy carrier to replace hydrocarbon fuels and reduce emissions produced by their consumption. Technologies such as fuel cells developed for cars, buses, power generation and other applications, along with the infrastructural implications of their broad and increasing use, are being demonstrated in many countries around the world. Although the market impact of global, massive deployment of the hydrogen economy on hydrogen demand is beyond the time horizon of this study, activities related to the hydrogen economy is increasing in a number of countries around the world.

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