Global demand for hydrogen is projected to increase 4.1 percent annually through 2016 to 286 cubic meters. Chemical manufacturing will be the fastest growing market while petroleum refining will remain dominant. The Asia/Pacific region will continue as the largest market and grow the fastest.

This study analyzes the 233.7 billion cubic meter world hydrogen industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by market (e.g., petroleum refining, petroleum refining processes, chemical manufacturing, other manufacturing), production method (e.g., hydrocarbons, water), world region and for 17 major countries.

The study also considers market environment factors, examines the hydrogen economy, evaluates company market share and profiles 9 industry participants, including Air Products and Chemicals, Linde and Air Liquide.

				    TABLE OF CONTENTS

     SECTION									    PAGE

		INTRODUCTION							      ix

	I.	EXECUTIVE SUMMARY						       1

	II.	MARKET ENVIRONMENT						       4
		General								       4
		World Economic Overview						       6
		   Recent Historical Trends					       6
		   World Economic Outlook					       8
		World Population Overview					      12
		World Manufacturing Overview					      14
		World Chemical Manufacturing Outlook				      16
		World Energy Outlook						      18
		World Petroleum Refining Outlook				      22
		World Fuel Cell Outlook						      25
		World Motor Vehicle Outlook					      29
		   Hydrogen-Powered Motor Vehicles				      32
		   Hydrogen Fuel Cell Vehicles					      33
		   Hydrogen Internal Combustion Engine Vehicles			      35
		Environmental & Regulatory Issues				      36
		Codes & Standards						      40

	III.	WORLD HYDROGEN OVERVIEW						      42
		General								      42
		World Hydrogen Demand by Region					      46
		World Hydrogen Demand by Market					      51
		   Petroleum Refining						      53
		   Petroleum Refining Processes					      56
		   Chemical Manufacturing					      58
		   Other Markets for Hydrogen					      61
		      Manufacturing						      63
		      All Other							      66
		The Hydrogen Economy						      67
		   General							      68
		   Fuel Cells							      70
		      Electric Power Generation					      72
		      Motor Vehicles						      73
		      Other Transportation Equipment				      74
		      Industrial Stationary & Motive Power			      74
		      Portable Electronics					      75
		      Other							      76
		   Hydrogen Production Methods					      77
		      Hydrogen from Hydrocarbons				      77
		      Hydrogen from Water					      79
		      Hydrogen from Other Sources				      81
		   Hydrogen Storage						      82
		Pricing Trends							      85

	IV.	NORTH AMERICA							      87
		Macroeconomic Environment					      87
		Hydrogen Demand							      90
		Suppliers & Market Share					      92
		United States							      94
		Canada								     104
		Mexico								     111

	V.	WESTERN EUROPE							     119
		Macroeconomic Environment					     119
		Hydrogen Demand							     122
		Suppliers & Market Share					     126
		Germany								     128
		Italy								     137
		France								     144
		United Kingdom							     150
		The Netherlands							     157
		Spain								     164
		Other Western Europe						     170

	VI.	ASIA/PACIFIC							     179
		Macroeconomic Environment					     179
		Hydrogen Demand							     183
		Suppliers & Market Share					     186
		China								     190
		Japan								     199
		India								     209
		South Korea							     217
		Taiwan								     225
		Australia							     231
		Other Asia/Pacific						     238

	VII.	OTHER REGIONS							     244
		Central & South America						     244
		   Macroeconomic Environment					     244
		   Hydrogen Demand						     247
		   Suppliers & Market Share					     249
		   Brazil							     251
		   Other Central & South America				     257
		Eastern Europe							     263
		   Macroeconomic Environment					     263
		   Hydrogen Demand						     267
		   Suppliers & Market Share					     269
		   Russia							     271
		   Other Eastern Europe						     278
		Africa/Mideast							     284
		   Macroeconomic Environment					     284
		   Hydrogen Demand						     288
		   Suppliers & Market Share					     292

	VIII.	INDUSTRY STRUCTURE						     295
		General								     295
		Market Share							     297
		Acquisitions & Divestitures					     302
		Cooperative Agreements						     303
		Distribution							     307
		   Tonnage Distribution						     308
		   Liquid Distribution						     309
		   Cylinder & Packaged Gas Distribution				     310
		Company Profiles						     311
		   Air Liquide Group						     312
		   Air Products and Chemicals Incorporated			     316
		   Airgas Incorporated						     323
		   Hydro Edge, see Iwatani International
		   Iwatani International Corporation				     325
		   Linde Group							     327
		   Linde Nippon Sanso, see Linde Group and Taiyo Nippon Sanso
		   Matheson Tri-Gas, see Taiyo Nippon Sanso
		   Messer Group GmbH						     333
		   Praxair Incorporated						     335
		   Showa Denko KK						     341
		   Taiyo Nippon Sanso Corporation				     342


				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- EXECUTIVE SUMMARY
		Summary Table							       3

		SECTION II -- MARKET ENVIRONMENT
	1	World Gross Domestic Product by Region				      12
	2	World Population by Region					      14
	3	World Manufacturing Value Added by Region			      16
	4	World Chemical Manufacturing Value Added by Region		      18
	5	World Energy Production by Type					      21
	6	World Refined Petroleum Products Production by Region		      25
	7	World Commercial Fuel Cell Demand by Region			      28
	8	World Motor Vehicle Production by Region			      32
	9	World Commercial Motor Vehicle Fuel Cell Demand 
		   by Chemistry, Region, & Product				      35

		SECTION III -- WORLD HYDROGEN OVERVIEW
	1	World Hydrogen Demand						      46
	2	World Hydrogen Demand by Region					      49
	3	World Hydrogen Demand by Market					      52
	4	World Petroleum Refining Market for Hydrogen			      55
	5	World Petroleum Refining Market for Hydrogen by Application 
		   & Source							      58
	6	World Chemical Manufacturing Market for Hydrogen		      60
	7	Other Global Markets for Hydrogen by Region & Type		      62
	8	World Commercial Fuel Cell Demand by Application		      72
	9	Hydrogen Pricing & Valuation					      86

		SECTION IV -- NORTH AMERICA
	1	North America:  Market Environment for Hydrogen			      89
	2	North America:  Hydrogen Demand by Market			      91
	3	United States:  Market Environment for Hydrogen			      98
	4	United States:  Hydrogen Demand by Market			     101
	5	Canada:  Market Environment for Hydrogen			     107
	6	Canada:  Hydrogen Demand by Market				     109
	7	Mexico:  Market Environment for Hydrogen			     115
	8	Mexico:  Hydrogen Demand by Market				     118

		SECTION V -- WESTERN EUROPE
	1	Western Europe:  Market Environment for Hydrogen		     122
	2	Western Europe:  Hydrogen Demand by Market			     125
	3	Germany:  Market Environment for Hydrogen			     131
	4	Germany:  Hydrogen Demand by Market				     134
	5	Italy:  Market Environment for Hydrogen				     140
	6	Italy:  Hydrogen Demand by Market				     142
	7	France:  Market Environment for Hydrogen			     147
	8	France:  Hydrogen Demand by Market				     149
	9	United Kingdom:  Market Environment for Hydrogen		     153
	10	United Kingdom:  Hydrogen Demand by Market			     155
	11	Netherlands:  Market Environment for Hydrogen			     160
	12	Netherlands: Hydrogen Demand by Market				     162
	13	Spain:  Market Environment for Hydrogen				     167
	14	Spain:  Hydrogen Demand by Market				     169
	15	Other Western Europe:  Market Environment for Hydrogen		     173
	16	Other Western Europe:  Hydrogen Demand by Market		     175

		SECTION VI -- ASIA/PACIFIC
	1	Asia/Pacific:  Market Environment for Hydrogen			     183
	2	Asia/Pacific:  Hydrogen Demand by Market			     185
	3	China:  Market Environment for Hydrogen				     193
	4	China:  Hydrogen Demand by Market				     196
	5	Japan:  Market Environment for Hydrogen				     203
	6	Japan:  Hydrogen Demand by Market				     206
	7	India:  Market Environment for Hydrogen				     212
	8	India:  Hydrogen Demand by Market				     214
	9	South Korea:  Market Environment for Hydrogen			     220
	10	South Korea:  Hydrogen Demand by Market				     222
	11	Taiwan:  Market Environment for Hydrogen			     228
	12	Taiwan:  Hydrogen Demand by Market				     230
	13	Australia:  Market Environment for Hydrogen			     234
	14	Australia:  Hydrogen Demand by Market				     236
	15	Other Asia/Pacific:  Market Environment for Hydrogen		     241
	16	Other Asia/Pacific:  Hydrogen Demand by Market			     243

		SECTION VII -- OTHER REGIONS
	1	Central & South America:  Market Environment for Hydrogen	     247
	2	Central & South America:  Hydrogen Demand by Market		     249
	3	Brazil:  Market Environment for Hydrogen			     254
	4	Brazil:  Hydrogen Demand by Market				     256
	5	Other Central & South America:  Market Environment 
		   for Hydrogen							     260
	6	Other Central & South America:  Hydrogen Demand 
		   by Market & Country						     263
	7	Eastern Europe:  Market Environment for Hydrogen		     267
	8	Eastern Europe:  Hydrogen Demand by Market			     269
	9	Russia:  Market Environment for Hydrogen			     274
	10	Russia:  Hydrogen Demand by Market				     276
	11	Other Eastern Europe:  Market Environment for Hydrogen		     281
	12	Other Eastern Europe:  Hydrogen Demand by Market 
		   & Country							     284
	13	Africa/Mideast:  Market Environment for Hydrogen		     288
	14	Africa/Mideast:  Hydrogen Demand by Market & Country		     292

		SECTION VIII -- INDUSTRY STRUCTURE
	1	Merchant Hydrogen Sales by Company, 2011			     297
	2	Selected Acquisitions & Divestitures				     303
	3	Selected Cooperative Agreements					     305


				      LIST OF CHARTS

    CHART NUMBER								    PAGE


		SECTION II -- MARKET ENVIRONMENT
	1	World Energy Production by Type, 2001-2021			      21
	2	World Commercial Fuel Cell Demand by Region, 2011		      29

		SECTION III -- WORLD HYDROGEN OVERVIEW
	1	World Hydrogen Demand by Region, 2011				      50
	2	Share of Market Growth by Region, 2011-2016			      50
	3	World Hydrogen Demand by Market, 2011				      53

		SECTION IV -- NORTH AMERICA
	1	North America:  Hydrogen Demand by Country, 2011		      92
	2	North America:  Merchant Hydrogen Market Share, 2011		      94

		SECTION V -- WESTERN EUROPE
	1	Western Europe Hydrogen Demand by Country, 2011			     126
	2	Western Europe:  Merchant Market Share, 2011			     128

		SECTION VI -- ASIA/PACIFIC
	1	Asia/Pacific:  Hydrogen Demand by Country, 2011			     186
	2	Asia/Pacific:  Merchant Hydrogen Market Share, 2011		     189

		SECTION VII -- OTHER REGIONS
	1	Central & South America:  Merchant Hydrogen Market Share, 
		   2011								     251
	2	Eastern Europe:  Merchant Hydrogen Market Share, 2011		     271
	3	Africa/Mideast: Merchant Hydrogen Market Share, 2011		     294

		SECTION VIII -- INDUSTRY STRUCTURE
	1	World Merchant Hydrogen Market Share, 2011			     299