Hydrogen Purification in Petroleum Refining: Global Markets
The global Hydrogen purification market in the petroleum refining industry was nearly $7.1 billion 2014. The market is expected to reach nearly $9.9 billion by 2020 from nearly $7.5 billion in 2015, increasing at a compound annual growth rate (CAGR) of 5.7% from 2015 to 2020.
The North American market is expected to grow from nearly $1.9 billion in 2015 to $2.1 billion in 2020 at a CAGR of 3% for the period 2015-2020.
The Asia-Pacific market will grow from $2.1 billion in 2015 to $3.0 billion in 2020 at a CAGR of 7.4% for the period 2015-2020.