行业调研：“十五五”俄罗斯高纯氢行业市场全景调研与投资前景展望分析（2026）-中金企信发布

Core Viewpoint - The high-purity hydrogen industry is experiencing significant growth, driven by increasing demand across various sectors, particularly in electronics and semiconductors, while the supply is primarily reliant on fossil fuels and by-product hydrogen production [3][4][11]. Supply Situation - China's high-purity hydrogen production is mainly derived from fossil fuels and by-product hydrogen, with the following breakdown for 2024: by-product hydrogen and tail gas purification account for 73.66%, natural gas hydrogen for 12.12%, methanol cracking hydrogen for 8.20%, and electrolysis water hydrogen for 4.93% [4][5]. - The production capacity of high-purity hydrogen is concentrated in Eastern and Northern China, with Eastern China holding the largest share at 40.84%, while Southern China has a relatively low capacity share of 5.80% [10]. Production and Consumption Trends - The production of high-purity hydrogen in China is on a continuous upward trend, with an expected output of 31.26 million tons in 2024, reflecting a year-on-year growth of 9.03% from 2018 [7]. - The consumption of high-purity hydrogen is also increasing, projected to reach 31.26 million tons in 2024, with a forecasted growth to 50.00 million tons by 2029 [11]. Application Structure - The consumption structure of high-purity hydrogen remains stable across various downstream applications. In 2024, the electronics and semiconductor industries are expected to consume the most, at 16.26 million tons, followed by fine chemicals and pharmaceutical intermediates at 5.78 million tons, and the metallurgy industry at 3.94 million tons [12]. Industry Development Trends - The petrochemical industry is accelerating its transition to a green and low-carbon model, emphasizing the importance of circular economy practices to reduce pollution and carbon emissions [15]. - The adoption of tail gas recovery models is expanding, promoting resource recycling and economic benefits, which aligns with the principles of circular economy [15]. - Domestic gas companies are increasingly pursuing listings, financing, and mergers to enhance competitiveness and market share, addressing development bottlenecks [16].