Global Steam Methane Reforming Market size was valued at US$ XX Bn in 2019 and the total revenue is expected to grow at 5.6% through 2020 to 2027, reaching US$ XX Bn. The report has covered region wise market trends with competitive landscape.

 




 

The report has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Market Definition

Steam methane reforming (SMR) is the cost-effective hydrogen production technology commonly used in a refinery, and it contributes around 50% of the hydrogen production across the world. SMR is the most important process for industrial hydrogen manufacturing, which accounted for 60% of hydrogen produced in the US and 40% in the world.

Market Dynamics

The global steam methane reforming market is driven by the expanding hydrogen generation industry and the growing industrialization across developing countries in the world. However, the mass and heat transfer issues and coke deposition during the reaction may hamper the market growth at global level. The transportation industry is expected to emerge as one of the leading hydrogen consumers in the coming years, which is creating beneficial growth opportunities for the global steam methane market.

The Refinery Segment has led the global steam methane reforming market in 2019:

The report covers the detailed analysis of all segments in the global steam methane reforming market such as type, application, and region. Based on application, the refinery segment has led the global steam methane reforming market in 2019 and is expected to reach US$ xx Mn during the forecast period, with the CAGR of xx%. The majority of demand for hydrogen is in oil refinery and ammonia production. The increasing vehicle population and the rising demand for refined products, especially in Asia-Pacific, are likely to propel the segment growth in the market during the forecast period.

North America held the dominant market share of xx% in 2019:

North America held the dominant market share of xx% in 2019 and is expected to reach US$ xx Mn by the end of 2027, with a CAGR of xx%. The presence of large number of refineries and key players are fuelling the market growth in the region. Developed countries such as the US and Canada are the leading contributor to the regional market growth. Among these, the US accounted for the largest market share of xx% in 2019 and is estimated to grow at the CAGR of xx% during the forecast period. The majority of hydrogen (95%) produced in the United States is made by steam reforming of natural gas that accounted for around xx million tons of hydrogen per year.

In term of value, Asia Pacific is projected to grow at a CAGR of xx% during the forecast period. The large population across developing countries in Asia pacific is bolstering the demand for hydrogen and has made a positive impact on the steam methane reformers in various industries. The rising number of petrochemical complexes and refineries, which will impel the steam methane reforming market in Asia Pacific. e.g., the Reliance Industries-owned Jamnagar Refinery is the largest global oil refineries in 2019, which held a capacity of 1.24 million barrels per day.

Europe is showing steady growth in the steam methane reforming market during the forecast period. The availability of petrochemical capacities and large refineries will drive the market growth in the coming years.

Recent Development:

The report covers the recent developments in the market for the steam methane reforming market e.g., Air Liquide announces startup of new steam methane reformer in La Porte, Texas

The objective of the report is to present a comprehensive analysis of the global steam methane reforming market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global steam methane reforming market dynamics, structure by analyzing the market segments and project the global steam methane reforming market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the global steam methane reforming market make the report investor’s guide.
Scope of the Global Steam Methane Reforming Market:

Global Steam Methane Reforming Market, by Type

• Primary reformers
• Secondary reformers
• Compact reformers
• Pre-reformers
Global Steam Methane Reforming Market, by Application

• Refinery
• Chemical Industry
• Others
Global Steam Methane Reforming Market, by Region

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Steam Methane Reforming Market, Major Players

• Honeywell UOP
• Air Liquide
• Linde AG
• Chevron Lummus Global, LLC
• Amec Foster Wheeler
• Air Products and Chemicals, Inc.
• Caloric Anlangenbau GmbH
• KBR, Inc.
• Heurtey Petrochem Solutions
• McDermott
• Haldor Topsoe
• Axens
• Foster Wheeler AG




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