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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.
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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.
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Hydrogen is utilised in fuel cells to produce electricity, or power, and heat. Currently, hydrogen is predominantly employed in petroleum refining and fertilizer manufacturing, with transportation and utilities as developing markets. In addition, hydrogen and fuel cells are capable of playing a vital role in the energy strategy of any country, as they can potentially be used in a wide range of applications in nearly all industries - transportation, commercial, industrial, residential, and portable. Moreover, hydrogen and fuel cells can provide energy to be utilised in a variety of applications such as distributed or combined-heat-and-power; backup power, auxiliary power for trucks, aircraft, rail, and ships; specialty vehicles such as forklifts; and passenger and freight vehicles including cars, trucks, and buses.
