Hydrogen, an essential element in various industries, is poised as a crucial tool for decarbonizing challenging sectors. A recent webinar by industry experts discussed the future of hydrogen and its derivatives, analyzing existing and potential applications. Currently, hydrogen demand is primarily driven by the refining, ammonia, and methanol sectors. There is a projected shift towards low-carbon hydrogen, with 33% of traditional applications expected to transition by 2050. Additionally, new energy sectors are forecasted to contribute significantly to global hydrogen demand, with a projected 54% share by 2050. Policies supporting decarbonization are being implemented worldwide, with power generation anticipated to be the largest sector for low-carbon hydrogen adoption. Incentives like production tax credits and tenders are driving the adoption of hydrogen across various countries. The future outlook emphasizes the evolving landscape of hydrogen utilization and the pivotal role it plays in the energy transition.