According to the latest study by Fact.MR, liquid organic hydrogen carriers market is expected to get major boost in demand over the forecast period. Vital need for technologies that support safe transportation and storage of potential energy is driving the LOHC market. Moreover Fact.MR projects substantial demand for LOHC over the forecast period growing at a CAGR of around 5.6%.
Mounting demand for clean energy source is anticipated to provide major boost for LOHC market. Also, investments in R&D to develop cost efficient energy storage systems is major factor behind rising interest in LOHC technologies. Owing to these factors market for LOHC is projected to grow with moderate CAGR over the projected forecast period.
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Who are the Key Manufacturers and Suppliers of LOHC?
Some of the key market players in the industry are
- Hydrogenious Technologies
- Covalion, Hynertech Co. Ltd.
- Areva
Aforementioned market players can be seen to opt for mix of organic and inorganic growth strategies such as collaborations and product launches.
- For instance, in July 2021 Eastman partnered with Hydrogenious technologies to provide specialty carriers needed to fit in LOHC technologies.
- In June 2020 Hyundia Motors announced that it would partner with Hydrogenious technologies with plans to deploy and market LOHC technologies.
Key Segments
- By Compound Type
- Hydrogenated
- Unhydrogenated
- By Composition Type
- Cyclohexane-Benzene
- Methylcyclohexane-Toulene
- Decalin-Naphthalene
- Perhydro-N-ethylcarbazole−N-Ethylcarbazole
- By Process
- Hydrogenation
- Dehydrogenation
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Liquid Organic Hydrogen Carriers Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
LOHC Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
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