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.
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