Hydrogen Price History and Forecast Analysis Provided by Procurement Resource

Hydrogen (H) is a gas that has the lowest density of all gases. It appears to be a colourless, odourless and tasteless gas that is present in nature in abundance. It is found in water and in all living organisms in the molecules. Compared to methane/natural gas, it is a much cleaner replacement that can be made using resources like biogas, natural gas, nuclear power, and renewable energy, including wind and solar.

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The gas has a respective melting and boiling point of −259.16°C, −252.879°C. This gas can be produced, transported, and stored in huge quantities safely as it is a non-toxic and safe gas.

Key Details About the Hydrogen Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Hydrogen price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Hydrogen Price chart, including India Hydrogen price, USA Hydrogen price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Hydrogen Price Trend:

Hydrogen's major application is in the form of a clean fuel replacement that is made through water, which makes it the perfect source of energy for fueling vehicles like buses and cars. In addition to its usage as a fuel, it also finds application in the chemical industry for forming ammonia which is a prominent fertiliser used in the agricultural industry. It is employed for making pharmaceuticals and plastics. Additionally, it finds use in sulphur removal from the oil-refining processes. Furthermore, gas is employed in the glass sector to create a protective atmosphere for glass sheet production. Also, in the electronics industry, the gas is used as a flushing gas for the production of silicon chips, which in turn expands the market development.

Key Players:

• Messer Group
• The Linde Group
• Hydrogenics
• Air Liquide

News & Recent Development

• 18 June 2023- In India, green hydrogen can help accomplish climate targets and the country's journey into transforming into a manufacturing and exporting hub for revolutionary fuel.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Chris Byrd
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

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Hydrogen Production Cost Analysis Report, Manufacturing Process, Raw Materials Requirements, Costs and Key Process Information, Provided by Procurement Resource

 The latest report titled “Hydrogen Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Hydrogen.

Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.

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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Hydrogen production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Procurement Resource Assessment of Hydrogen Production Process:

1.  Hydrogen Production Cost From water electrolysis: This report presents the detailed production methodology and cost analysis of hydrogen industrial production across hydrogen manufacturing plants. In this process, electricity is utilized to separate water into hydrogen and oxygen.

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2. Hydrogen Production Cost  From natural gas steam reforming: This report provides the thorough economics of hydrogen industrial production across hydrogen manufacturing plants. During steam methane re-forming, methane reacts with steam in the presence of a catalyst to produce hydrogen, carbon monoxide, and a small amount of carbon dioxide.

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3. Hydrogen Production Cost  From natural gas partial oxidation: This report presents the extensive cost requirement of hydrogen industrial production across hydrogen manufacturing plants. When methane and other natural gas hydrocarbons react with a small amount of oxygen, they undergo oxidation and turn into carbon dioxide and water. The by-products of this process are primarily hydrogen and carbon monoxide.

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Product Definition:

Hydrogen is a chemical element that is colorless, odorless, tasteless, and flammable. It is the simplest member of the element family. The nucleus of a hydrogen atom contains a proton with a positive electrical charge, and it is also associated with an electron with a negative electrical charge. Despite being the most abundant element in the universe, hydrogen only makes up 0.14% of Earth's crust by weight. However, it is found in large amounts as a water component in various forms like oceans, ice packs, rivers, lakes, and the atmosphere. Moreover, hydrogen is present in countless carbon compounds, making it a part of all animal and vegetable tissue as well as petroleum.

Market Drivers:

Hydrogen is a plentiful material with a diverse range of applications across multiple industries. One of its primary uses is producing ammonia, which accounts for two-thirds of the world's hydrogen usage. The food industry also utilizes hydrogen in catalytic hydrogenation to create margarine and vegetable shortening. Additionally, hydrogen is used as rocket fuel, often combusted with oxygen or fluorine, and is preferred for igniting nuclear-powered rockets. As demand for food and advancements in space research continues to grow, the need for hydrogen is increasing, driving its market growth.

Looking for an exhaustive and personalised report that could significantly substantiate your business?

Although Procurement Resource leaves no page unfurled in terms of the rigorous research for the commodities that make the heftiest base of your business, we incline more towards tailoring the reports per your specificities. All you need is one-to-one consulting with our seasoned consultants to comprehend the prime parameters you are looking to pin your research on.

Some of the common requests we receive from our clients include:

• Adapting the report to the country/region where you intend to establish your plant.
• Adjusting the manufacturing capacity of the plant according to your needs.
• Customizing machinery suppliers and costs to meet your requirements.
• Providing additional information to the existing scope based on your needs.

Read Also: https://procurementresource.blogspot.com/2023/06/iron-production-cost.html

About Us:

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.

Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.

We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Chris Byrd
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

Read More