H2 Intel Quarterly Insights – Q2 2025: U.S. Industrial Gas & Hydrogen Market Outlook

U.S. Industrial Gas Market: Foundation for Hydrogen Growth or Facing Policy Headwinds?

In this latest edition of H2 Intelligence: Quarterly Insights, gasworld Intelligence explores how the U.S. industrial gas market — valued at $29.1 billion in 2024 — is shaping the trajectory of clean hydrogen on the global stage.

Once reliant on refining, hydrogen demand is now increasingly driven by the chemicals and metallurgy sectors, where uptake is set to power a 14% rise in merchant volumes by 2030. The Inflation Reduction Act’s Section 45V incentive initially spurred a wave of investment, but the shortened construction window to 2027 has left many early-stage projects vulnerable.

Even so, the U.S. maintains a resilient industrial base that continues to attract capital, underpinned by steady demand and established infrastructure. The challenge is whether policy uncertainty will slow momentum at a time when Europe and China are aggressively scaling their hydrogen industries.

This report examines the market outlook for commercial hydrogen, the shifting balance of demand across sectors, and the critical role federal policy will play in securing long-term competitiveness.

👉 Download the full report for detailed forecasts, strategic insights, and a clear view of the opportunities in the U.S. hydrogen economy.