In India, AstuteAnalytica reported that the global blue hydrogen market was valued at $ 25.78 billion in 2024 and is anticipated to reach $212.39 billion by 2050. The report noted that the market is projected to expand at a CAGR of 19.50% during the forecast period 2025–2033. “Blue hydrogen market is increasingly being adopted in energy-intensive industries as a cleaner alternative to traditional fossil fuels. In the oil refining and ammonia manufacturing sectors, blue hydrogen is being used to reduce feedstock emissions, presenting a near-term opportunity for decarbonization efforts,” the report stated. “The production in blue hydrogen market relies heavily on advancements in carbon capture and storage (CCS) technologies. Blue hydrogen is primarily produced through steam methane reforming (SMR) of natural gas, coupled with CCS to mitigate CO2 emissions,” it added.
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