Fueling Sustainability: Navigating the Green Ammonia Market

In 2021, the green ammonia market size stood at USD 16.4 million, which is projected to witness a 94.6% CAGR during 2021-2030, reaching USD 6,559.1 million by 2030 as per P&S Intelligence.

This growth can be ascribed to the numerous industrial projects for the manufacturing of this chemical that are presently underway in Mauritania, Oceania and Oman. The 15-metric-ton capacity of the declared projects, which is aimed to be attained by 2030, is approximately 8% of the existing ammonia production across 54 projects. Basically, the strict emissions guidelines and zero-emission goals are boosting the making of NH3 through clean approaches.

In 2021, the AWE category had the largest market share of 97.5%, On the basis of production. This can be credited to the surge in the number of green hydrogen projects in numerous nations, including China, Germany and Australia, which are concentrating more on spending in the growth of a hydrogen-based economy.

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In 2021, APAC generated the largest revenue share of approximately USD 5.18 million, and projected to dominate the green ammonia market with a profitable CAGR, of 102.8%, to touch USD 3,008.70 million by 2030. This massive projected growth can be credited to the governments' strict guidelines and the UN pledge to guarantee zero emissions by 2050. Solar and wind energy are taking centre stage for carrying out AWE, in reply to the stringent emission rules and striving zero-carbon goals.

In the APAC region, Australia will experience the fastest growth in the coming few years, because of the snowballing government expenditure in constructing its green hydrogen economy. According to the data, numerous green ammonia plants are being in the process of building with a projected combined capacity of 20,000-60,000 tons per year, including Yara (Pilbara, Australia), Dyno Nobel (Moranbah, Australia), Proton Ventures/Siemens/Yara (New Zealand), and Enaex (Antofagasta, Chile).

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Japan is projected to grow second-fastest, mainly due to the Japanese government's pledge to zero carbon by 2050. To get the target, the nation is planning to ingress huge amount of ammonia and hydrogen, to concentrating on decreasing its greenhouse releases, and rising manufacturing capabilities in Japan.

The research offers the size of the green ammonia market for the period 2017-2030.

Market Segmentation by Production Method
• Alkaline Water Electrolysis
• Proton Exchange Membrane
• Solid Oxide Electrolysis

Market Segmentation by End Use
• Transportation
• Power Generation
• Fertilizers
• Others

Market Segmentation by Region
• North America Green Ammonia Market
o By production method
o By end use
o By country - U.S. and Canada
• Europe Green Ammonia Market
o By production method
o By end use
o By country - Germany, France, U.K., Italy, and Rest of Europe

• Asia-Pacific (APAC) Green Ammonia Market
o By production method
o By end use
o By country - China, Japan, India, Australia, South Korea, and Rest of APAC

• Latin America (LATAM) Green Ammonia Market
o By production method
o By end use
o By country - Brazil, Mexico, and Rest of LATAM

• Middle East and Africa (MEA) Green Ammonia Market
o By production method
o By end use
o By country - Saudi Africa, Saudi Arabia, and Rest of MEA

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