Green Ammonia Market Sees Major Uptake in North America, Boosted by Agricultural and Energy Demand

Global Green Ammonia Market Size, Share & Trends Analysis Report By Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM) Electrolysis, Solid Oxide Electrolysis), End-Use Application (Transportation, Power Generation, Industrial Feedstock), By Region, And Segment Forecasts, 2025-2034

The global Green Ammonia market is estimated to reach over USD 140.2 billion by the year 2034, exhibiting a CAGR of 70.0% during the forecast period.

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The renewable ammonia market is expected to witness significant growth over the forecast period, primarily driven by strong governmental initiatives aimed at achieving low or net-zero carbon emissions. Renewable ammonia is projected to play a pivotal role as a carrier for interregional renewable energy transport, facilitating energy transition efforts globally. Additionally, increasing demand from a wide range of end-use industries-including agriculture (fertilizers), power generation, transportation, and industrial applications-is anticipated to further support market expansion.

The growing utilization of green ammonia as a sustainable alternative in pharmaceutical manufacturing and as an industrial feedstock is also contributing to market momentum. Although the COVID-19 pandemic posed substantial challenges-such as production slowdowns, workforce shortages, and temporary plant closures due to lockdowns and travel restrictions-the market is recovering steadily. Enhanced environmental consciousness, expanding use cases for renewable ammonia, and favorable regulatory policies are expected to accelerate the market's growth trajectory in the years ahead.

List of Prominent Players in the Green Ammonia Market:
• Siemens Energy
• Thyssenkrupp Ag
• Man Energy Solutions
• Nel Asa
• ITM Power
• Mcphy Energy S.A.
• Enapter S.R.L.
• Green Hydrogen Systems
• Fuelpositive Corporation
• Stamicarbon
• Hydrogenics
• Hygenco
• Electrochaea
• Starfire Energy
• Exytron
• Aquahydrex
• Yara International
• BASF SE
• Engie
• Uniper SE
• Queensland Nitrates

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Market Dynamics
Drivers:
The global green ammonia market is expected to experience significant growth over the forecast period, driven by heightened environmental awareness and an increasing transition toward renewable energy sources. This growth is further supported by the enforcement of stringent environmental regulations and the implementation of government policies aimed at reducing reliance on fossil fuels. Additionally, the growing demand for sustainable fertilizers to boost agricultural productivity and enhance crop quality is contributing to the rising adoption of green ammonia.

Challenges:
Global governmental efforts to curb greenhouse gas emissions have accelerated the demand for low-carbon alternatives, such as green ammonia. Moreover, the decreasing costs of renewable energy technologies-particularly wind and solar-have improved the economic viability of producing green ammonia through sustainable methods. While these developments present opportunities, they also underscore the need for continued investment in scalable production infrastructure.

Regional Trends:
North America represents the largest consumer of green ammonia, with significant demand arising from its applications in transportation, power generation, and agriculture. The region's expanding population and growing food requirements are driving agricultural sector growth, thereby increasing the need for green ammonia-based fertilizers. In the United States, agriculture remains a cornerstone of the economy, encompassing over two million farms and nearly 895 million acres of farmland as of 2021. The high demand for crops such as corn and cereals highlights the critical role of green ammonia in supporting sustainable agricultural practices.

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Recent Developments:
• In May 2022, According to LSB Industries, Inc., it has agreements with ThyssenKrupp Uhde USA, LLC and Bloom Energy to build a project that will create about 30,000 metric tonnes of green or zero-carbon ammonia annually at LSB's facility in Pryor, Oklahoma.

Segmentation of Green Ammonia Market-
By Technology-
• Alkaline Water Electrolysis
• Proton Exchange Membrane
• Solid Oxide Electrolysis
By End-Use Application-
• Power Generation
• Transportation
• Industrial Feedstocks
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.