Latin America Grey Hydrogen Market Size & Outlook

The grey hydrogen market in Latin America is expected to reach a projected revenue of US$ 85,275.9 million by 2030. A compound annual growth rate of 13.3% is expected of Latin America grey hydrogen market from 2024 to 2030.
Revenue, 2023 (US$M)
$35,574.8
Forecast, 2030 (US$M)
$85,275.9
CAGR, 2024 - 2030
13.3%
Report Coverage
Latin America

Latin America grey hydrogen market highlights

  • The Latin America grey hydrogen market generated a revenue of USD 35,574.8 million in 2023.
  • The market is expected to grow at a CAGR of 13.3% from 2024 to 2030.
  • In terms of segment, petroleum refinery was the largest revenue generating application in 2023.
  • Ammonia Production is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.

Latin America data book summary

Market revenue in 2023USD 35,574.8 million
Market revenue in 2030USD 85,275.9 million
Growth rate13.3% (CAGR from 2023 to 2030)
Largest segmentPetroleum refinery
Fastest growing segmentAmmonia Production
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMethanol Production, Ammonia Production, Petroleum Refinery, Transportation, Power Generation

Other key industry trends

  • In terms of revenue, Latin America region accounted for 10.6% of the global grey hydrogen market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Latin America is the fastest growing regional market and is projected to reach USD 85,275.9 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Grey Hydrogen Market Companies

Name Profile # Employees HQ Website

Latin America grey hydrogen market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to grey hydrogen market will help companies and investors design strategic landscapes.


Petroleum refinery was the largest segment with a revenue share of 26.72% in 2023. Horizon Databook has segmented the Latin America grey hydrogen market based on methanol production, ammonia production, petroleum refinery, transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.


  • Latin America Grey Hydrogen Application Outlook (Revenue, USD Million, 2018-2030)
    • Methanol Production
    • Ammonia Production
    • Petroleum Refinery
    • Transportation
    • Power Generation
    • Others
    • Chemical
    • Refinery
  • Latin America Grey Hydrogen Technology Outlook (Revenue, USD Million, 2018-2030)
    • Coal Gasification
    • Steam Methane Reforming
    • Methane Pyrolysis
    • Alkaline Electrolyzer
    • PEM Electrolyzer
    • SOEC Electrolyzer
    • Gas Partial Oxidation
    • Auto Thermal Reforming
  • Latin America Grey Hydrogen Transportation Mode Outlook (Revenue, USD Million, 2018-2030)
    • Pipeline
    • Cryogenic Liquid Tankers

Reasons to subscribe to Latin America grey hydrogen market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Latin America grey hydrogen market databook

  • Our clientele includes a mix of grey hydrogen market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America grey hydrogen market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America grey hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Latin America grey hydrogen market size, by country, 2018-2030 (US$M)

Latin America Grey Hydrogen Market Outlook Share, 2023 & 2030 (US$M)

Latin America grey hydrogen market size, by country, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more