Hydrogen Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Hydrogen in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

For the First Half of 2022

The price trends for Hydrogen soared globally throughout the said period. Hydrogen is not immune to the inflationary pressure the other energy sources felt throughout the year’s first fast as an aftermath of surging crude oil and gas prices. In the US, the cost of electrolytic Hydrogen shot up to 16.80 USD/kg due to the high-cost inflation triggered by the energy crisis. However, commercially most of the Hydrogen is still produced from natural gas.

Conventional Hydrogen, also known as grey hydrogen, averaged 10 USD/kg during the said period. The hydrogen producers faced a double whammy of high natural gas prices and staggering electricity prices, which affected their profit margins. Hence, in order to protect the profit margins, the high operating costs were passed to the consumers, thereby inflating the price trends for Hydrogen globally.

Procurement Resource provides latest prices of Hydrogen. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Hydrogen is the first element of the periodic table (with the symbol H) and is the most abundant chemical substance in the universe. Hydrogen exists as a gas composed of diatomic molecules with the molecular formula H2.

Hydrogen is a flammable, colorless, and odorless gas, an energy carrier used to store and deliver energy produced from other sources. Hydrogen gas is a clean fuel produced from various sources like natural gas, biomass, solar, and wind energy. Owing to these versatile properties, it is a highly attractive fuel option than fossil ones.

Product Details

Report Features Details
Product Name Hydrogen
HS CODE 280410
CAS Number 1333-74-0
Industrial Uses Fuel Cells, Welding, Antioxidant, Chemical Substrate, Batteries, Oil Refining, Steel Production
Chemical Formula H2
Synonyms Dihydrogen, Hydrogen gas
Molecular Weight 2.01 g/mol
Supplier Database Messer Group, The Linde Group, Hydrogenics, Air Liquide
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Hydrogen from Water Electrolysis; from Natural Gas Partial Oxidation; from Natural Gas Steam Reforming

In the process of electrolysis, electricity is used to split water into Hydrogen and oxygen. The reaction occurs in an electrolyzer containing anode and cathode separated by a polymer membrane. Water reacts at the anode, forming oxygen and hydrogen ions. The hydrogen ions move across the polymer membrane to the cathode, and the electrons flow through the external circuit. At the cathode, the hydrogen ions combine with electrons to produce hydrogen gas.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).

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