The global Grey Hydrogen Market was valued at USD 327.70 billion in 2025 and is projected to reach USD 661.22 billion by 2033 with a CAGR of 9.26%. Rising demand for hydrogen in petroleum refining is a key driver, supported by modernization efforts and growing global energy needs.

Grey hydrogen is economically viable due to natural gas availability and established infrastructure for production, driving industry growth. Leading market players include Air Liquide, Linde plc, and ExxonMobil Corporation. The market report covers key segments like application, end-use industry, technology, and transportation modes.

Pipeline transportation dominates the market with a 71% share in 2025, while chemical industries lead with a 56% market share. Steam Methane Reforming is the dominant technology, and petroleum refining is the top application, expected to grow at a fast rate from 2026-2033.

Asia Pacific leads the Grey Hydrogen Market with a 39% revenue share in 2025, driven by natural gas resources and industrial demand. North America shows steady growth with high demand from refineries and chemical sectors, supported by infrastructure and technological advancements.

Recent news includes Air Liquide launching renewable hydrogen production in Germany and Reliance Industries transitioning to green hydrogen. The market report offers insights on production metrics, cost structure, supply chain mapping, environmental impact, and competitive analysis.

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Read more at GlobeNewswire: Grey Hydrogen Market Size to Surpass USD 661.22 Billion by