Asia's Top Economies Could Create $180 Billion Green Hydrogen Market by 2050, Driving Decarbonization
• Asia's 4 largest economies—China, India, Japan, South Korea—could create $180B green hydrogen market by 2050 • Report highlights role of green H2 in decarbonizing key industries like steel, ammonia, methanol • China projected to have biggest market at $85B, followed by India ($78B), Japan ($9B), South Korea ($8B) • Producing green ammonia/methanol and using green H2 in steelmaking crucial for decarbonization • India has promising outlook with projected 16% Compound Annual Growth Rate in green hydrogen