Petroleum Refining Hydrogen Market Size to Hit USD 459.13 Billion by 2034

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Petroleum Refining Hydrogen Market

5.1. COVID-19 Landscape: Petroleum Refining Hydrogen Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Petroleum Refining Hydrogen Market, By Hydrogen Production Method

8.1. Petroleum Refining Hydrogen Market, by Hydrogen Production Method

8.1.1. Steam Methane Reforming (SMR)

8.1.1.1. Market Revenue and Forecast

8.1.2. Partial Oxidation (POX)

8.1.2.1. Market Revenue and Forecast

8.1.3. Autothermal Reforming (ATR)

8.1.3.1. Market Revenue and Forecast

8.1.4. Coal Gasification

8.1.4.1. Market Revenue and Forecast

8.1.5. Electrolysis

8.1.5.1. Market Revenue and Forecast

8.1.6. Other (Biomass, Water Splitting)

8.1.6.1. Market Revenue and Forecast

Chapter 9. Global Petroleum Refining Hydrogen Market, By Refining Process

9.1. Petroleum Refining Hydrogen Market, by Refining Process

9.1.1. Hydrocracking

9.1.1.1. Market Revenue and Forecast

9.1.2. Hydrotreating

9.1.2.1. Market Revenue and Forecast

9.1.3. Reforming

9.1.3.1. Market Revenue and Forecast

9.1.4. Alkylation

9.1.4.1. Market Revenue and Forecast

9.1.5. Desulfurization

9.1.5.1. Market Revenue and Forecast

9.1.6. Isomerization

9.1.6.1. Market Revenue and Forecast

Chapter 10. Global Petroleum Refining Hydrogen Market, By Application in Petroleum Refining

10.1. Petroleum Refining Hydrogen Market, by Application in Petroleum Refining

10.1.1. Desulfurization

10.1.1.1. Market Revenue and Forecast

10.1.2. Hydrocracking

10.1.2.1. Market Revenue and Forecast

10.1.3. Hydrogenation of Heavy Oils

10.1.3.1. Market Revenue and Forecast

10.1.4. Upgrading of Bitumen

10.1.4.1. Market Revenue and Forecast

Chapter 11. Global Petroleum Refining Hydrogen Market, By End-User

11.1. Petroleum Refining Hydrogen Market, by End-User

11.1.1. Large Refineries

11.1.1.1. Market Revenue and Forecast

11.1.2. Small and Medium Refineries

11.1.2.1. Market Revenue and Forecast

11.1.3. Petrochemical Industry

11.1.3.1. Market Revenue and Forecast

11.1.4. Hydrogen Source

11.1.4.1. Market Revenue and Forecast

11.1.5. Grey Hydrogen

11.1.5.1. Market Revenue and Forecast

11.1.6. Green Hydrogen

11.1.6.1. Market Revenue and Forecast

11.1.7. Blue Hydrogen

11.1.7.1. Market Revenue and Forecast

Chapter 12. Global Petroleum Refining Hydrogen Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Hydrogen Production Method

12.1.2. Market Revenue and Forecast, by Refining Process

12.1.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.1.4. Market Revenue and Forecast, by End-User

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Hydrogen Production Method

12.1.5.2. Market Revenue and Forecast, by Refining Process

12.1.5.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.1.5.4. Market Revenue and Forecast, by End-User

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Hydrogen Production Method

12.1.6.2. Market Revenue and Forecast, by Refining Process

12.1.6.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.1.6.4. Market Revenue and Forecast, by End-User

12.2. Europe

12.2.1. Market Revenue and Forecast, by Hydrogen Production Method

12.2.2. Market Revenue and Forecast, by Refining Process

12.2.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.2.4. Market Revenue and Forecast, by End-User

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Hydrogen Production Method

12.2.5.2. Market Revenue and Forecast, by Refining Process

12.2.5.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.2.5.4. Market Revenue and Forecast, by End-User

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Hydrogen Production Method

12.2.6.2. Market Revenue and Forecast, by Refining Process

12.2.6.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.2.6.4. Market Revenue and Forecast, by End-User

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Hydrogen Production Method

12.2.7.2. Market Revenue and Forecast, by Refining Process

12.2.7.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.2.7.4. Market Revenue and Forecast, by End-User

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Hydrogen Production Method

12.2.8.2. Market Revenue and Forecast, by Refining Process

12.2.8.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.2.8.4. Market Revenue and Forecast, by End-User

12.3. APAC

12.3.1. Market Revenue and Forecast, by Hydrogen Production Method

12.3.2. Market Revenue and Forecast, by Refining Process

12.3.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.3.4. Market Revenue and Forecast, by End-User

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Hydrogen Production Method

12.3.5.2. Market Revenue and Forecast, by Refining Process

12.3.5.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.3.5.4. Market Revenue and Forecast, by End-User

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Hydrogen Production Method

12.3.6.2. Market Revenue and Forecast, by Refining Process

12.3.6.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.3.6.4. Market Revenue and Forecast, by End-User

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Hydrogen Production Method

12.3.7.2. Market Revenue and Forecast, by Refining Process

12.3.7.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.3.7.4. Market Revenue and Forecast, by End-User

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Hydrogen Production Method

12.3.8.2. Market Revenue and Forecast, by Refining Process

12.3.8.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.3.8.4. Market Revenue and Forecast, by End-User

12.4. MEA

12.4.1. Market Revenue and Forecast, by Hydrogen Production Method

12.4.2. Market Revenue and Forecast, by Refining Process

12.4.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.4.4. Market Revenue and Forecast, by End-User

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Hydrogen Production Method

12.4.5.2. Market Revenue and Forecast, by Refining Process

12.4.5.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.4.5.4. Market Revenue and Forecast, by End-User

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Hydrogen Production Method

12.4.6.2. Market Revenue and Forecast, by Refining Process

12.4.6.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.4.6.4. Market Revenue and Forecast, by End-User

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Hydrogen Production Method

12.4.7.2. Market Revenue and Forecast, by Refining Process

12.4.7.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.4.7.4. Market Revenue and Forecast, by End-User

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Hydrogen Production Method

12.4.8.2. Market Revenue and Forecast, by Refining Process

12.4.8.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.4.8.4. Market Revenue and Forecast, by End-User

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Hydrogen Production Method

12.5.2. Market Revenue and Forecast, by Refining Process

12.5.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.5.4. Market Revenue and Forecast, by End-User

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Hydrogen Production Method

12.5.5.2. Market Revenue and Forecast, by Refining Process

12.5.5.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.5.5.4. Market Revenue and Forecast, by End-User

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Hydrogen Production Method

12.5.6.2. Market Revenue and Forecast, by Refining Process

12.5.6.3. Market Revenue and Forecast, by Application in Petroleum Refining

12.5.6.4. Market Revenue and Forecast, by End-User

Chapter 13. Company Profiles

13.1. Shell Hydrogen

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. BP

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. ExxonMobil

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Chevron

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. TotalEnergies

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Mitsubishi Heavy Industries

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Siemens

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Haldor Topsoe

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. McDermott International

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Jacobs Engineering

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

The petroleum refining hydrogen market size is expected to increase from USD 139.64 billion in 2024 to USD 459.13 billion by 2034.

The petroleum refining hydrogen market is expected to grow at a compound annual growth rate (CAGR) of around 12.64% from 2025 to 2034.

The major players in the petroleum refining hydrogen market include Shell Hydrogen, BP, ExxonMobil, Chevron, TotalEnergies, Mitsubishi Heavy Industries, Siemens, Haldor Topsoe, McDermott International, Jacobs Engineering, JGC Corporation, WorleyParsons, and Doosan Heavy Industries & Construction.

The driving factors of the petroleum refining hydrogen market are the cleaner fuel regulations, rising refinery modernization, and increasing emphasis on sustainable refining practices worldwide.

Asia Pacific region will lead the global petroleum refining hydrogen market during the forecast period 2025 to 2034.