Press release content from Business Wire. The AP news staff was not involved in its creation. Global Hydrogen Market Research Report 2020-2030: Production Process, Distribution Method, End User - ResearchAndMarkets.com April 9, 2021 GMT DUBLIN--(BUSINESS WIRE)--Apr 9, 2021-- ADVERTISEMENT Global hydrogen market to reach $196,934.5 million by 2030 from $136,185.0 million in 2019, at a 4.3% CAGR between 2020 and 2030. The industry growth would be aided by the rising per capita income of people, which is driving the demand for food. Hydrogen is used to produce ammonia, which is then used during the manufacturing of fertilizers. As per the Food and Agriculture Organization (FAO), compared to 153,646 thousand tons in 2016, 163,219 thousand tons of ammonia will be shipped around the world in 2022.