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Liquid Organic Hydrogen Carrier Market Size, Share, Growth & Industry Analysis, By Carrier Type (Hydrocarbon-based, Aromatic Hydrocarbons-based), By Application (Transportation, Energy Storage, Industrial Applications), By End-use Industry (Automotive, Aerospace), and Regional Analysis, 2025-2032
Pages: 160 | Base Year: 2024 | Release: August 2025 | Author: Sunanda G.
Key strategic points
Liquid organic hydrogen carriers (LOHCs) are organic compounds that reversibly absorb and release hydrogen through chemical reactions. These carriers enable hydrogen to be stored in liquid form under ambient conditions, facilitating safer and more efficient transportation and storage compared to gaseous or cryogenic methods.
Applications span hydrogen storage, transportation, and energy conversion in industries such as automotive, maritime, and power generation. LOHCs are utilized to enhance hydrogen infrastructure, support decarbonization efforts, and integrate renewable energy sources into existing systems, thereby contributing to the development of a sustainable hydrogen economy.
The global liquid organic hydrogen carrier market size was valued at USD 1,520.4 million in 2024 and is projected to grow from USD 1,723.9 million in 2025 to USD 4,641.3 million by 2032, exhibiting a CAGR of 15.20% during the forecast period. This growth is driven by the integration of renewable energy, which creates demand for efficient long-distance hydrogen transport solutions.
Additionally, advancements in catalysts for hydrogenation and dehydrogenation are improving energy efficiency and reducing costs, reinforcing the liquid organic hydrogen carrier's role in large-scale hydrogen deployment.
Major companies operating in the liquid organic hydrogen carrier market are Hydrogenious LOHC Technologies, Chiyoda Corporation, Hynertech Co. Ltd., Covalion, Areva, Sumitomo Chemical, Mitsubishi Corporation, Repsol, Air Products and Chemicals, Toyota Tsusho Corporation, Linde plc, Honeywell International Inc., Exxon Mobil Corporation, Clariant, and MAN Energy Solutions.
Market expansion is propelled by the increasing use of hydrogen across refineries, chemical production, and fuel cell applications that require safe and efficient storage and transport solutions.
Industries are seeking methods to handle large volumes of hydrogen without the challenges of high-pressure or cryogenic systems. LOHCs provide a stable medium for storing hydrogen at ambient conditions, making it practical for industrial operations.
Refineries and chemical plants are adopting LOHC technology to integrate hydrogen seamlessly into existing infrastructure. Fuel cell applications, particularly in transportation and backup power, are creating a strong demand for LOHCs that ensure a reliable and continuous hydrogen supply.
Integration of Renewable Energy
The growth of the liquid organic hydrogen carrier market is propelled by the increasing need to store and transport excess renewable energy generated from solar and wind in the form of hydrogen. LOHC technology allows energy produced during peak renewable generation periods to be safely captured and stored for later use.
Power grids are benefiting from LOHC-enabled hydrogen storage, which helps balance supply and demand and enhances stability. Industrial and transport sectors are using hydrogen released from LOHCs as a clean energy source, supporting decarbonization goals. LOHC systems are offering a practical solution for long-distance hydrogen transport without the risks associated with high-pressure or cryogenic handling.
High R&D and Production Costs
A key challenge hindering the expansion of the laboratory proficiency testing market is managing the high investment required for advanced analytical equipment and testing processes. Laboratories are relying on technologies such as liquid chromatography–tandem mass spectrometry (LC-MS/MS), which involve significant setup and operational expenditure.
Additionally, costs associated with sample preparation, logistics, data handling, and recruitment of skilled personnel are creating further financial pressure, particularly for smaller laboratories with limited budgets.
To address this challenge, market players are offering cloud-based data management systems, developing cost-sharing consortium models, and introducing scalable testing solutions that reduce upfront capital needs. These approaches are enabling broader participation in proficiency testing programs while easing the financial burden on resource-constrained laboratories.
Advanced Catalysts for Hydrogenation/Dehydrogenation
The liquid organic hydrogen carrier (LOHC) market is witnessing a notable trend toward the development of next-generation catalysts that enhance hydrogenation and dehydrogenation processes. Improved catalysts offer higher activity, better selectivity, and longer operational lifetimes, reducing energy losses and increasing overall system efficiency.
These advancements enable faster hydrogen uptake and release, which is critical for large-scale energy storage and transport applications. By improving throughput and lowering operational costs, advanced catalysts are positioning LOHC technology as a practical solution for integrating hydrogen into energy systems and supporting the transition to low-carbon energy infrastructure.
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Segmentation |
Details |
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By Carrier Type |
Hydrocarbon-based, Aromatic Hydrocarbons-based |
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By Application |
Transportation, Energy Storage, Industrial Applications |
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By End-use Industry |
Automotive, Aerospace, Chemical, Others |
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By Region |
North America: U.S., Canada, Mexico |
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Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe |
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Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific |
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Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa |
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South America: Brazil, Argentina, Rest of South America |
Based on region, the market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The North America liquid organic hydrogen carrier market share stood at 33.55% in 2024, valued at USD 510.1 million. This dominance is reinforced by large federal and state-level investments in hydrogen infrastructure.
The United States Department of Energy has launched programs that support research and deployment of hydrogen storage solutions, including liquid organic hydrogen carriers. Several states are allocating funds for hydrogen hubs where LOHCs are considered for large-scale transport and storage.
Canada has also integrated hydrogen storage into its clean energy transition plans, promoting the adoption of LOHC technology. These policies are establishing a stable demand base for companies developing and commercializing LOHC solutions.
The Asia-Pacific liquid organic hydrogen carrier industry is set to grow at a robust CAGR of 16.29% over the forecast period. This growth is propelled by the development of cross-border hydrogen trade routes that depend on safe and scalable storage methods. Asia Pacific is establishing long-term supply chains to transport hydrogen from resource-rich countries to industrial hubs. LOHCs are gaining prominence for enabling transport through existing liquid fuel infrastructure.
There is a rising investment in port facilities, shipping systems, and storage hubs that are compatible with LOHC technology. These developments are creating strong commercial incentives for producers and distributors to adopt LOHC-based storage. The integration of LOHCs into regional hydrogen trade plans is boosting regional market expansion.
Major players in the liquid organic hydrogen carrier industry are adopting strategies such as developing large-scale demonstration projects, forming partnerships with energy and chemical companies, and advancing process technologies to remain competitive. Companies are focusing on integrating hydrogenation and dehydrogenation systems into existing industrial infrastructure to lower deployment costs and accelerate commercialization.
Investments in research and development are being directed toward improving carrier efficiency, enhancing system durability, and reducing conversion energy losses. Strategic collaborations are focused on securing supply chain reliability and expanding the geographic reach of LOHC-based hydrogen transport. Technological advancements aimed at scaling up hydrogen storage and delivery are positioning these players to capture early market growth opportunities.
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