Global Green Ammonia Market 2022 Outlook By Renewable Source, Application And Geography | Trends and Forecast To 2030

Global green ammonia market is expected to be driven by increasing necessity towards decarbonisation of ammonia production. Green ammonia is a carbon free gas produced by using renewable energy sources through electrolysis technology. It is widely used in fertilizer production, power generation, transportation fuel, etc. The product has gained immense popularity as carbon-free alternative and is likely to play significant role in tackling existential challenges pertaining to brown ammonia used in crop production. However, the current ammonia production is predominantly attained through steam reforming of methane for hydrogen production which is then fed to ammonia synthesis via Haber Bosch process. Such a process has showcased large scale carbon emission in the recent past. According to Royal Society Organisation, around 1.8% of global carbon emission is caused by ammonia production. Thus, the growing rate of carbon emissions have pushed industry participants to prioritize their decarbonization targets and opt for sustainable routes for ammonia production, which in turn has subsequently led to an upsurge in demand for green ammonia.

In terms of revenue, the global green ammonia market is projected to grow at a CAGR of 54.9% over the forecast period (2022 - 2030).

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According to Yara International ASA, 20% of global ammonia is consumed for industrial end-use and more than 80% of ammonia is used in agriculture sector, which is under increasing scrutiny on account of its environmental impact. Following such case, growing penetration of green ammonia as carbon free fertilizer has gained prominence in decarbonizing agriculture sector and generating CO2 free energy. In addition, human alteration of worldwide nitrogen cycle through use of traditional ammonia-based fertilizers have highly contributed in greenhouse gas emissions and biodiversity reduction. To mitigate such negative impacts the demand for green ammonia as feedstock for fertilizer production has increased substantially, which in turn is positively contributing for the growth of green ammonia market growth in 2020.

High rate of fossil fuel depletion in industrial processes along with growing need for decarbonization of international maritime sector are some of the major factors driving the growth of green ammonia market. As green ammonia is produced from renewable sources such as air, water, and solar energy, the reliance on fossil fuel-based processes along with carbon emissions will reduce drastically. Such a condition has further propelled the demand for green ammonia as alternative to fossil fuels in industrial end-use. From the perspective of decarbonizing maritime sector, green ammonia manufacturers and maritime industry leaders are focused on developing the potential of green ammonia as transportation fuel. For instance, in March 2021, Yara International ASA, A.P. Moller - Maersk A/S, Keppel Offshore & Marine, Fleet Management Limited, Sumitomo Corporation, and Maersk Mc-Kinney Moller Center for Zero Carbon Shipping announced that these parties have entered into MoU to explore the feasibility of establishing green ammonia supply chain and to develop ammonia bunkering vessels with its infrastructure. Thus, growing number of partnerships among market participants and end-users is projected to drive the green ammonia market growth in near future.

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Some of the Key Players Operating in the Global Green Ammonia Market include:
Casale SA
CF Industries Holdings, Inc.
Cummins Inc.
Haldor Topsoe
ITM Power PLC
Mitsubishi Heavy Industries, Ltd.
Nel ASA
Nutrien Ltd.
Siemens AG
thyssenkrupp AG
Yara International ASA
Other Market Participants

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Key Insights of the Report:
The report provides key statistics on the market status of the Green Ammonia manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The report presents the company profile, product specifications, capacity, production value, and 2022-2030 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2030 market development trends of Green Ammonia industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
The report makes some important proposals for a new project of Green Ammonia Industry before evaluating its feasibility.

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Global Green Ammonia Market Segmentation:

By Renewable Source
Solar
Wind
Hydro
Others

By Technology
Alkaline Water Electrolysis (AWE)
Solid Oxide Electrolysis Cell (SOEC)
Proton Exchange Membrane (PEM)

By Location
Offshore
Onshore

By Application
Agriculture and Industrial Feedstock
Power Generation
Automotive and Transportation
Marine
Pharmaceuticals
Textiles
Others

By Geography
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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