LATAM Petroleum Refining Blue Hydrogen Market Size & Outlook, 2025-2033
OverviewLATAM Petroleum Refining Blue Hydrogen Market Highlights
- According to Market Strides analysis, the LATAM Petroleum Refining Blue Hydrogen Market size stood at USD 16.48 Million in 2024 and is forecasted to reach USD 4,596.60 Million by 2033.
- The market is projected to grow at a CAGR of 86.58% between 2026 and 2033.
- By segment, Steam Reforming of Natural Gas was the leading Production Type in terms of market size in 2024.
- Autothermal Reforming of Natural Gas is expected to be the most lucrative Production Type segment, exhibiting the fastest growth throughout the forecast period.
Source: MS Analysis Company Publications, Primary Interviews.
Other Key Findings
- The global Petroleum Refining Blue Hydrogen Market size saw LATAM holding a share of 5% in 2024.
- United States is forecasted to account for the leading share of the global market by 2033.
- In LATAM, Argentina is forecasted to be the fastest-expanding market, projected to reach USD 1063.95 Million by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 16.48 Million |
| Market Size In 2033 | USD 4,596.60 Million |
| Largest segment | Steam Reforming of Natural Gas |
| Units | Revenue in USD Million |
| CAGR | 86.58% (2025-2033) |
| Segmnetation Covered | |
| LATAM |
|
| Production Type |
|
| Form of Hydrogen |
|
| End-Use Application |
|
| Product Grade |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
LATAM Petroleum Refining Blue Hydrogen Market Country 2025-2033 (USD Million)
| LATAM | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brazil | XX.x | XX.x | XX.x | 7.24 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Mexico | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Argentina | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Colombia | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Chile | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
LATAM Petroleum Refining Blue Hydrogen Market Production Type 2025-2033 (USD Million)
| Production Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Steam Reforming of Natural Gas | XX.x | XX.x | XX.x | 7.13 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Autothermal Reforming of Natural Gas | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Electrolysis of Water | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Methane Pyrolysis | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
LATAM Petroleum Refining Blue Hydrogen Market Form of Hydrogen 2025-2033 (USD Million)
| Form of Hydrogen | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liquid Hydrogen | XX.x | XX.x | XX.x | 8.55 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Gaseous Hydrogen | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Cryogenic Hydrogen | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
LATAM Petroleum Refining Blue Hydrogen Market End-Use Application 2025-2033 (USD Million)
| End-Use Application | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oil Refining | XX.x | XX.x | XX.x | 6.09 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Fertilizers Production | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Petrochemical Production | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Transportation | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Power Generation | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
LATAM Petroleum Refining Blue Hydrogen Market Product Grade 2025-2033 (USD Million)
| Product Grade | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High Purity Hydrogen (99.9% and above) | XX.x | XX.x | XX.x | 7.59 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Medium Purity Hydrogen (95%-99.9%) | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Low Purity Hydrogen (below 95%) | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
Author :
Market Strides Research Team
The Market Strides Research Team delivers concise, data-driven insights across Construction & Manufacturing, Energy & Power, and Machinery & Equipment markets. With expertise covering materials, machinery, automation, infrastructure, power systems, renewables, and industrial technologies, the team provides reliable research and clear market intelligence for global businesses and decision-makers.
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Report Details
| Author | Market Strides Research Team |
| Format | PDF & Excel |
| Language | English |
| Published | Nov, 2025 |
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