U.S. - Hydrogen - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingHydrogen Prices in the United States
U.S. Hydrogen Import Price in August 2022
The average hydrogen price stood at $0.4 per cubic meter in August 2022, dropping by -4.9% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 59% m-o-m. Over the period under review, average import prices reached the peak figure at $0.5 per cubic meter in July 2022, and then contracted in the following month.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From January 2022 to August 2022, the rate of growth in terms of prices for Canada amounted to +0.2% per month.
U.S. Hydrogen Imports
In August 2022, purchases abroad of hydrogen increased by 14% to 13M cubic meters, rising for the fourth consecutive month after two months of decline. Overall, imports posted a temperate increase. The pace of growth appeared the most rapid in June 2022 with an increase of 45% month-to-month. Imports peaked in August 2022.
In value terms, hydrogen imports expanded sharply to $5.7M (IndexBox estimates) in August 2022. Over the period under review, imports continue to indicate a moderate increase. The pace of growth appeared the most rapid in June 2022 with an increase of 130% m-o-m. Over the period under review, imports hit record highs in August 2022.
U.S. Hydrogen Imports by Country
In August 2022, Canada (13M cubic meters) was the main hydrogen supplier to the United States, accounting for a approximately 100% share of total imports.
From January 2022 to August 2022, the average monthly growth rate of volume from Canada stood at +2.9%.
In value terms, Canada ($5.7M) constituted the largest supplier of hydrogen to the United States.
From January 2022 to August 2022, the average monthly growth rate of value from Canada stood at +3.1%.
This report provides an in-depth analysis of the hydrogen market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20111150 - Hydrogen
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
734
This report provides an in-depth analysis of the hydrogen market in the U.S..
363
This report provides an in-depth analysis of the market for phosphorus, arsenic and selenium in the U.S..
496
This report provides an in-depth analysis of the argon market in the U.S..
476
This report provides an in-depth analysis of the arsenic market in the U.S..
422
This report provides an in-depth analysis of the nitrogen market in the U.S..
429
This report provides an in-depth analysis of the silicon market in the U.S..
316
This report provides an in-depth analysis of the boron and tellurium market in the U.S..
532
This report provides an in-depth analysis of the oxygen market in the U.S..
383
This report provides an in-depth analysis of the rare gases market in the U.S..
5503
This report provides an in-depth analysis of the global hydrogen market.
88
Despite boardroom challenges, Air Products exceeds earnings forecasts thanks to strong sales in Asia and the Americas, indicating resilience and market confidence.
94
Mattiq partners with Heraeus Precious Metals to innovate low-iridium catalysts for sustainable hydrogen production, enhancing PEM water electrolysis efficiency and supporting the clean energy transition.
157
Explore how Plug Power's stock surged with new tax credits for clean hydrogen, highlighting economic gains and market optimism.
211
Discover how the Biden administration's relaxed hydrogen subsidy rules aim to stimulate domestic production and reduce carbon emissions, paving the way for a sustainable future.
234
The U.S. Treasury is unveiling guidance on hydrogen production tax credits, crucial for nuclear hydrogen eligibility and impacting U.S. hydrogen trade dynamics.
500
Hydrogen imports experienced a significant increase, reaching a value of $6.1M in July 2023.
2174
In September 2022, the argon price amounted to $654 per thousand cubic meters (CIF, US), which is down by -2.1% against the previous month.
105
During the period analyzed, Arsenic imports peaked at 942 tons in 2017 but tapered off from 2018 to 2023. In terms of value, arsenic imports drastically decreased to $1.6M in 2023.
1111
In March 2023, the arsenic price amounted to $1,593 per ton (CIF, US), dropping by -80.7% against the previous month.
621
In July 2022, the average nitrogen export price amounted to $0.1 per cubic meter, which is down by -22.9% against the previous month.
