What Happened
Accelerating Decarbonization Drives Liquid Hydrogen Demand Across Europe
The European liquid hydrogen market is expected to grow from $7.2 billion in 2026 to $13.1 billion by 2035, driven by accelerating decarbonization efforts across heavy industries. According to a report by ResearchAndMarkets.com, the market is expanding as Europe intensifies its focus on deep decarbonization, with sectors such as steel, chemicals, and refining shifting towards low-carbon energy alternatives. The report highlights the importance of liquid hydrogen in enabling efficient bulk transport and supporting industrial feedstock substitution and fuel transition strategies.