Press release
Green Ammonia Market is set for lucrative growth during 2021-2031 | Size, Share, Demand and Opportunities Analysis, Key Players (Yara International, J-Power, Sumitomo Chemical, Toyota Tsusho, Air Products and Chemicals)
Green Ammonia Market
Green ammonia is a term used for ammonia that is produced using renewable energy sources, rather than fossil fuels. The process of producing green ammonia is similar to that of producing traditional ammonia, but the green ammonia process uses renewable energy sources (such as solar, wind, or hydro power) to power the ammonia synthesis process.
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Key Players
• Yara International
• J-Power
• Sumitomo Chemical
• Toyota Tsusho
• Air Products and Chemicals
• BASF
• The Linde Group
• Royal Dutch Shell
Key Trends
The major trends in Green Ammonia Market are:
• Increasing awareness about the benefits of green ammonia
• Increasing investments in green ammonia production
• Increasing government support for green ammonia production
• Technological advancements in green ammonia production
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One key driver is the increasing demand for sustainable and environmentally friendly products. Ammonia is a key ingredient in many products, including fertilizers, cleaning products, and industrial chemicals. As consumers become more aware of the environmental impact of the products they purchase, they are increasingly seeking out sustainable alternatives.
Another key driver of the green ammonia market is the increasing cost of traditional ammonia production. Ammonia is produced by the Haber-Bosch process, which is energy intensive and emits large amounts of greenhouse gases. As the cost of energy increases and regulations on greenhouse gas emissions tighten, the cost of traditional ammonia production is expected to rise. This provides an incentive for companies to seek out more sustainable ammonia production methods, such as green ammonia.
Market Segments
By Technology
• Alkaline Water Electrolysis
• Proton Exchange Membrane
• Solid Oxide Electrolysis
By End User
• Power Generation
• Industrial Feedstock
• Agriculture
• Transportation
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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