Liquid Hydrogen Market is Expected to Grow at a CAGR of 5.66% on the basis of volume during the forecast period from 2019 to 2024.

Hydrogen is an energy carrier and supplies clean, environment friendly energy to the end user. Furthermore, acute cleanliness of liquid hydrogen, apart from its cooling capability, makes it an ideal choice to be used in various end-user industries. Hydrogen, a highly reactive gas, is extensively used in several industrial applications to produce various materials. Significant amount of liquid hydrogen is used in industries such as transportation, electronics, chemicals, metal, glass, and others. Transportation is the largest segment of the liquid hydrogen market during the forecast period. With the development of space aviation program in U.S., the demand for liquid hydrogen increased significantly in the aerospace industry.

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Although the liquid hydrogen market occupies a low share in the hydrogen economy across the globe, its demand is gradually increasing due to rising awareness across the industries, high adaptability, and various intensive research and development going on in industry 

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The growing demand for liquid hydrogen across industries for purposes such as energy production and heating are expected to boost liquid hydrogen demand. This also contributes to the formation of new hydrogen supply chains that enhance the accessibility of both liquid and compressed hydrogen as a fuel.

The report Highlights the detailed supply chain analysis along with the transportation mode segment of the market. Also add which Methodology of transportation is dominating the market.

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