The report highlights that fertilisers are expected to account for about 51% of India's hydrogen demand by 2030, followed by refining at 38% and petrochemicals at 11%. New demand from sectors such as steel, long-haul transport, shipping and power generation is likely to emerge beyond 2030 as
Hydrogen demand is poised to double to nearly 12 million tonnes per annum (mtpa) by 2030, according to a Nuvama Institutional Equities report. The expected rise comes mainly from fertiliser, refining and petrochemical sectors.
India is setting its sights on becoming a global hub for green hydrogen exports, with the government laying out an ambitious roadmap to capture a significant share of the emerging clean fuel market. At the FICCI Green Hydrogen Summit 2025 in New Delhi, Union Minister of State for Power and N