Latin America and Caribbean Hydrogen Market Report - 2025
Description
Latin America and Caribbean Hydrogen Market Report - 2025
Summary
Latin America and Caribbean is currently a minor player in the global hydrogen market, accounting for a 1% share of global active production capacity. The region does however have vast renewable potential which can be leveraged to produce cost-competitive low-carbon hydrogen and derivatives. However, overall greater policy support and incentives are required to mitigate the impact of the macroeconomic challenges in the region, such as high inflation, and encourage investment and demand in the industry.
Despite being a nascent industry within LAC, the region is being viewed as a future hotspot for green hydrogen production because of its vast renewable potential. Yet, significant investments into scaling renewable and hydrogen production capacity will be necessary to realize this opportunity.
Although the LAC region currently holds a small share of global active (1%) and upcoming capacity (8.9%), the region’s hydrogen market has experienced a notable uptick in activity in recent years.
In terms of application areas, transport remains the dominant end-use industry for low-carbon hydrogen in LAC, with around 1.6mtpa of capacity expected to be allocated by 2030. Synthetic fuels are also emerging as a notable end-use industry, with 20 active and upcoming projects in the region.
Where previously LAC’s hydrogen industry has been limited by a lack of clear policy support, gradually more countries in the region are proposing and implementing national hydrogen strategies and supporting funding initiatives to accelerate the development of low-carbon hydrogen production and foster growth in hydrogen market demand. Chile’s Green Hydrogen Action Plan, Brazil’s National Hydrogen Program, and Argentina’s National Strategy for the Development of the Hydrogen Economy are all key examples of LAC countries’ efforts to accelerate the development of respective low-carbon hydrogen industries.
Key Highlights
Summary
Latin America and Caribbean is currently a minor player in the global hydrogen market, accounting for a 1% share of global active production capacity. The region does however have vast renewable potential which can be leveraged to produce cost-competitive low-carbon hydrogen and derivatives. However, overall greater policy support and incentives are required to mitigate the impact of the macroeconomic challenges in the region, such as high inflation, and encourage investment and demand in the industry.
Despite being a nascent industry within LAC, the region is being viewed as a future hotspot for green hydrogen production because of its vast renewable potential. Yet, significant investments into scaling renewable and hydrogen production capacity will be necessary to realize this opportunity.
Although the LAC region currently holds a small share of global active (1%) and upcoming capacity (8.9%), the region’s hydrogen market has experienced a notable uptick in activity in recent years.
In terms of application areas, transport remains the dominant end-use industry for low-carbon hydrogen in LAC, with around 1.6mtpa of capacity expected to be allocated by 2030. Synthetic fuels are also emerging as a notable end-use industry, with 20 active and upcoming projects in the region.
Where previously LAC’s hydrogen industry has been limited by a lack of clear policy support, gradually more countries in the region are proposing and implementing national hydrogen strategies and supporting funding initiatives to accelerate the development of low-carbon hydrogen production and foster growth in hydrogen market demand. Chile’s Green Hydrogen Action Plan, Brazil’s National Hydrogen Program, and Argentina’s National Strategy for the Development of the Hydrogen Economy are all key examples of LAC countries’ efforts to accelerate the development of respective low-carbon hydrogen industries.
Key Highlights
- Despite being a nascent industry within LAC, the region is being viewed as a hotspot for green hydrogen production due to its vast renewable potential.
- The region currently holds a small share of global active (1%) and upcoming capacity (8.9%).
- In terms of application areas, transportation remains the dominant end-use industry for low-carbon hydrogen in LAC, with around 1.6mtpa of capacity expected to be allocated by 2030. This reflects hydrogen’s potential as a decarbonization solution for difficult-to-decarbonize sectors like long-distance transport.
- Synthetic fuels are also emerging as a notable end-use industry, with 20 active and upcoming projects in the region.
- Latin America and Caribbean (LAC) hydrogen in a global context
- Key regional projects
- Low-carbon hydrogen competitiveness drivers in LAC
- Leading countries in LAC for low-carbon hydrogen production
- Key companies and future leaders operating in LAC hydrogen market
- Intended use sectors for LAC hydrogen
- Hydrogen policies, strategies, and funding initiatives related to hydrogen in LAC
- Deal activity related to hydrogen in LAC
- Company filing analysis of LAC headquartered companies
- Identify the market trends within the region and key players in hydrogen technologies.
- Develop market insight of current, in development and announced capacity and latest trends of the sector.
- Understand the region's different scenarios for 2030 based on the likeliness of the projects.
- Look at the demand in key application areas for the country.
- Facilitate the understanding on how and where the market is growing as it is rapidly scaling up to position as one of the main topics of the international and national agenda.
Table of Contents
29 Pages
- Overview
- Executive summary
- Snapshot of the low-carbon hydrogen market
- Low-Carbon Hydrogen Market
- Largest upcoming projects globally
- Largest upcoming projects in LAC
- LAC in a global context
- Low-carbon hydrogen competitiveness drivers
- Regional breakdown of low-carbon hydrogen capacity
- Major opportunities and barriers to low-carbon hydrogen deployment
- LAC low-carbon hydrogen capacity scenarios
- Demand in Key Application Areas
- Intended use sectors for LAC hydrogen
- Transportation
- Synthetic Fuels
- Largest hydrogen to ammonia projects
- Marine Shipping
- Fertilizer
- Policies, Projects, and Key Players
- National Hydrogen Strategies
- Funding Initiatives
- Industrial Agreements
- LAC hydrogen deals
- LAC future leaders in hydrogen production
- LAC companies pursuing hydrogen
- List of Tables
- LAC's largest active and upcoming H2 projects by 2030
- LAC future leaders in hydrogen production
- Main low-carbon hydrogen projects for ammonia supply
- Largest low-carbon hydrogen porjects for fertilizer use
- Trade agreements
- LAC companies pursuing hydrogen
- List of Figures
- Global Highlights
- Regional Highlights
- World's largest upcoming projects by 2030
- LAC vs global low-carbon hydrogen capacity by development stage based on active and announced projects
- Active and upcoming solar and wind plants in LAC 2025 YTD
- Solar Resources
- Wind Speed
- Top 10 countries for hydrogen production in LAC region 2025-2030
- Top 10 countries in LAC by hydrogen production capacity and development stage
- Capacity Scenarios to 2030
- Top 20 companies' net capacity share in LAC low-carbon hydrogen projects in 2030
- Allocation of LAC low-carbon hydrogen by end-use sector 2025 YTD
- LAC's low-carbon hydrogen capacity for transportation by country 2025-2030
- LAC's low-carbon hydrogen capacity and project count for synthetic fuels by country 2030
- Top 10 LAC headquatered companies by hydrogen mentions in corporate filings 2022-2025 YTD
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