The Latin American hydrogen market is experiencing significant growth, with a projected value of USD 41.41 billion by 2033, driven by abundant renewable resources and government support for green hydrogen initiatives. Traditionally used in industries like refining and chemical manufacturing, hydrogen is now seen as a key solution for decarbonizing sectors such as transportation and power generation. Latin American countries like Chile and Brazil are at the forefront of green hydrogen production due to their extensive renewable energy capacities. Chile has launched projects like H2Atacama to leverage its solar potential, while Brazil is repurposing hydroelectric infrastructure for hydrogen production. These initiatives are attracting foreign investments and positioning the region competitively in the global hydrogen economy. Governments in the region are supporting the hydrogen market through national strategies. Brazil aims to become a top-three global exporter of green hydrogen by 2040, while Argentina plans to utilize wind resources for hydrogen production. These strategies involve financial incentives, regulatory reforms, and public-private partnerships to scale up hydrogen production and infrastructure. However, the market faces challenges such as limited infrastructure, supply chain constraints, and high initial investments. Latin America has few operational hydrogen refueling stations, leading to difficulties in deploying hydrogen at scale, especially in transportation. The lack of localized manufacturing capabilities for hydrogen equipment also increases costs and delivery lead times. Overcoming these barriers will be crucial for the widespread adoption of hydrogen in the region.