Growth Opportunities in the Latin America Hydrogen Industry, 2025–2040
Chile and Brazil are Positioned to Become Regional Leaders
12-Aug-2026
Global
Market Outlook
PLNZ-01-00-00-00
EG_2026_34816
When hydrogen gained traction in the late 2010s, Latin America was identified as a region with high growth potential. The region already generates a high percentage of its electricity from renewable energy (mainly hydropower), it has significant solar PV and wind potential that could be exploited, and production costs are forecasted to be globally competitive. European countries moved to sign partnership agreements with key countries, and while export to the United States is a potential business opportunity, progress has been slow. The global hydrogen industry has since lost momentum, in part because of the change in the administration in the United States, but also because cost reduction has proved to be a challenge throughout the value chain globally. This report focuses on five key country markets: Argentina, Brazil, Chile, Colombia, and Mexico. Of these, Brazil and Chile lead the pack. Brazil benefits from the size of the country, giving it a wide industrial profile that can benefit from hydrogen. The absence of a clear hydrogen production target is the largest restraint for the country. Chile has a relatively high penetration of electricity from wind and solar PV, and substantial investment potential to take this higher. Clear certification would improve its score. Beyond these two countries, the prospects diminish. Colombia has a high penetration of renewables but faces wider political internal challenges. Mexico and Argentina will remain heavily dependent on natural gas as part of their energy mix and have introduced almost no supportive policies.
Author: Vasanth Krishnan
Why is it increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Latin American Hydrogen Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Insights
Key Insights—Country Rankings
Scope of Analysis
Key Questions This Study Will Answer
Profiling Methodology and Forecast Assumptions
Regulatory Overview—Argentina
Ease of Market Access—Argentina
Physical Market Design—Argentina
Forecast Commentary—Argentina
Top Five Applications—Argentina
Country Ecosystem—Argentina
Regulatory Overview—Brazil
Ease of Market Access—Brazil
Physical Market Design—Brazil
Alternative H2 Production Outlook—Brazil
Forecast Commentary—Brazil
Top Five Applications—Brazil
Country Ecosystem—Brazil
Regulatory Overview—Chile
Ease of Market Access—Chile
Physical Market Design—Chile
Alternative H2 Production Outlook—Chile
Forecast Commentary—Chile
Top Five Applications—Chile
Country Ecosystem—Chile
Regulatory Overview—Colombia
Ease of Market Access—Colombia
Physical Market Design—Colombia
Alternative H2 Production Outlook—Colombia
Forecast Commentary—Colombia
Top Five Applications—Colombia
Country Ecosystem—Colombia
Regulatory Overview—Mexico
Ease of Market Access—Mexico
Physical Market Design—Mexico
Alternative H2 Production Outlook—Mexico
Forecast Commentary—Mexico
Top Five Applications—Mexico
Country Ecosystem—Mexico
Growth Opportunity 1: Ammonia Anchored Export Corridor from Chile and Brazil
Growth Opportunity 2: Bio-Based Hydrogen from Brazilian Ethanol and Biogas Feedstock
Growth Opportunity 3: Domestic Refining and Fertilizer Decarbonization Retrofits
Criteria Definitions—Criteria 1–5
Criteria Definitions—Criteria 6–10
Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
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Author: Vasanth Krishnan
| Deliverable Type | Market Outlook |
|---|---|
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Latin America Hydrogen Market |
| Keyword 2 | Green Hydrogen Market Report |
| Keyword 3 | Hydrogen Industry Outlook |
| Podcast | No |
| Predecessor | None |
| WIP Number | PLNZ-01-00-00-00 |