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Emerging Green Hydrogen Economy: Impact on the Finished Lubricants Market in Europe

Base Year: 2020
Published Q1 2021
Regional Coverage: Europe

The European Union’s (EU) plans for post-pandemic economic recovery are based on a philosophy  of “rebuild better and greener.” The goal is to achieve a carbon-neutral economy by 2050. Hydrogen is seen as a prime decarbonization route, where green hydrogen will be generated by renewable sources of energy. The transition to a hydrogen economy has the potential to reduce the consumption of finished lubricants in sectors such as truck transportation. Conversely, the emergence of green hydrogen poses an opportunity to trigger technological innovation and create demand for customized lubricants formulations.

Scope

  • Assessment of the green hydrogen economy ecosystem, including analysis of renewable energy capacity expansion
  • Assessment of the current and projected green hydrogen projects in the leading country markets
  • Analysis of end-use industries, plus decarbonization and sustainability efforts, in the leading country markets​
  • Assessment of the disrupting effect of green hydrogen and its impact on select finished lubricants markets in terms of future volumetric demand and value
  • Assessment of the impact on the finished lubricants market structure, plus shifts in customer base
  • Focus on the approach automotive and industrial OEMs are adopting to comply with decarbonization targets

Covers impact on lubricants consumption in select industries

Table of Contents

Introduction

Executive Summary

An overview of the report key findings

Impact on Finished Lubricants in Select End-Use Applications

  • Trucking
  • Primary Metals (Steel Manufacturing)
  • Power Generation
  • Marine
  • Wind Turbines and Other

Green Hydrogen Market Analysis

  • Green Hydrogen Production*
  • Transportation and Storage
  • Green Hydrogen Deployment in Select End-Use Applications
  • Business Environment
  • Market Appraisal and Outlook

* This section contains information on wind turbine capacity, plus planned and future electrolyzers capacity

End-Use Applications Analysis

Each market end-use application contains the following information:

  • Market Overview
  • Decarbonization Efforts
  • Projects using hydrogen
  • Technology Barriers

Report Benefits

This report assists lubricants marketers in identifying opportunities and challenges within the industries adopting carbon-neutral technologies. It is also an invaluable tool in the strategic planning process. Specifically, the report helps subscribers:​

  • Develop an understanding of the disrupting technologies that are reshaping the lubricant market
  • Develop multiple market scenarios and assess the impact of these on lubricants specifications and formulation
  • Design and develop products and market strategies for the emerging lubricants market

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