Green Ammonia Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for green ammonia. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Green Ammonia Market Size (2024E): USD 16.9 Million
Projected Market Value (2031F): USD 778.3 Million
Global Market Growth Rate (CAGR 2024 to 2031): 72.8%

Green Ammonia Market - Report Scope:

Green ammonia is produced using renewable energy sources through processes such as electrolysis and nitrogen fixation, playing a crucial role in reducing carbon emissions and promoting sustainable agricultural practices. The market for green ammonia caters to agriculture, power generation, transportation, and chemical industries, offering a sustainable alternative to conventional ammonia production methods. Market growth is driven by increasing environmental regulations, rising awareness of sustainable practices, and advancements in production technologies.

Market Growth Drivers:

The global green ammonia market is propelled by several key factors, including the growing need for reducing greenhouse gas emissions and achieving carbon neutrality. The rising demand for sustainable agricultural inputs and the adoption of green ammonia as a cleaner alternative to conventional fertilizers drive market expansion. Technological advancements in electrolysis and renewable energy integration offer improved production efficiency and cost-effectiveness, fostering market growth. Moreover, government incentives, subsidies, and supportive policies for green energy projects create a favorable environment for market development.

Market Restraints:

Despite promising growth prospects, the green ammonia market faces challenges related to high production costs, infrastructure requirements, and limited scalability. The initial investment for green ammonia production facilities and the dependency on renewable energy sources pose economic challenges, particularly in regions with limited renewable energy infrastructure. Additionally, the need for technological advancements to achieve large-scale production and the development of efficient storage and transportation solutions impact market penetration. Addressing these economic and technological barriers requires collaboration between industry stakeholders, governments, and research institutions to promote the scalability and affordability of green ammonia production.

Market Opportunities:

The green ammonia market presents significant growth opportunities driven by technological innovations, strategic collaborations, and expanding applications. The integration of green ammonia in the power generation sector as a renewable energy carrier and its use as a hydrogen storage medium broaden the market scope and stimulate innovation. Strategic partnerships between ammonia producers, renewable energy companies, and agricultural sectors enhance market access and promote sustainable practices. Investment in research and development, coupled with the introduction of cost-effective and scalable production technologies, is essential to capitalize on emerging opportunities and sustain market leadership in the dynamic green ammonia landscape.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the green ammonia market globally?
Which production technologies and applications are driving green ammonia adoption across different industries?
How are technological advancements reshaping the competitive landscape of the green ammonia market?
Who are the key players contributing to the green ammonia market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global green ammonia market?

Competitive Intelligence and Business Strategy:

Leading players in the global green ammonia market, including Yara International, Siemens AG, and ITM Power, focus on innovation, production efficiency, and strategic collaborations to gain a competitive edge. These companies invest in R&D to develop advanced green ammonia solutions, including scalable electrolysis technologies and efficient storage systems, catering to diverse industry needs and sustainability goals. Collaborations with renewable energy providers, agricultural sectors, and regulatory agencies facilitate market access and promote technology adoption. Moreover, emphasis on pilot projects, government partnerships, and market expansion strategies fosters market growth and enhances sustainability outcomes in the rapidly evolving green ammonia landscape.

Key Companies Profiled:

CF Industries Holdings, Inc
BASF SE
Yara International ASA
Maire Tecnimont S.p.A.
ACME Group
Fertiglobe plc
NEL Hydrogen
ThyssenKrupp AG
ITM Power
Holder Topsoe

Green Ammonia Market Research Segmentation

By Production Process Location:

Alkaline Water Electrolysis
Proton Exchange Membrane

By End Use:

Fertilizer
Transportation
Power Generation
Industrial Feedstock

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33588

1. Executive Summary

1.1. Global Green Ammonia Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Production Process Lifecycle Analysis
2.4. Green Ammonia Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Vehicle Types
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Green Ammonia Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2019-2023
- 3.2.2. Current Market Size Forecast, 2024-2031
3.3. Global Green Ammonia Market Outlook: Production Process
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Production Process, 2019-2023
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2024-2031
  - 3.3.3.1. Alkaline Water Electrolysis
  - 3.3.3.2. Proton Exchange Membrane
3.4. Market Attractiveness Analysis: Production Process
3.5. Global Green Ammonia Market Outlook: End Use
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End Use, 2019-2023
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2024-2031
  - 3.5.3.1. Fertilizer
  - 3.5.3.2. Transportation
  - 3.5.3.3. Power Generation
  - 3.5.3.4. Industrial Feedstock
  - 3.5.3.5. Others
3.6. Market Attractiveness Analysis: End Use

4. Global Green Ammonia Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2019-2023
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2024-2031
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Green Ammonia Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 5.3.1. By Country
- 5.3.2. By Production Process
- 5.3.3. By End Use
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2031
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2024-2031
- 5.5.1. Alkaline Water Electrolysis
- 5.5.2. Proton Exchange Membrane
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2024-2031
- 5.6.1. Fertilizer
- 5.6.2. Transportation
- 5.6.3. Power Generation
- 5.6.4. Industrial Feedstock
- 5.6.5. Others
5.7. Market Attractiveness Analysis

6. Europe Green Ammonia Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 6.3.1. By Country
- 6.3.2. By Production Process
- 6.3.3. By End Use
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2031
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkey
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2024-2031
- 6.5.1. Alkaline Water Electrolysis
- 6.5.2. Proton Exchange Membrane
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2024-2031
- 6.6.1. Fertilizer
- 6.6.2. Transportation
- 6.6.3. Power Generation
- 6.6.4. Industrial Feedstock
- 6.6.5. Others
6.7. Market Attractiveness Analysis

7. East Asia Green Ammonia Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Production Process
- 7.3.3. By End Use
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2031
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2024-2031
- 7.5.1. Alkaline Water Electrolysis
- 7.5.2. Proton Exchange Membrane
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2024-2031
- 7.6.1. Fertilizer
- 7.6.2. Transportation
- 7.6.3. Power Generation
- 7.6.4. Industrial Feedstock
- 7.6.5. Others
7.7. Market Attractiveness Analysis

8. South Asia & Oceania Green Ammonia Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Production Process
- 8.3.3. By End Use
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2031
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2024-2031
- 8.5.1. Alkaline Water Electrolysis
- 8.5.2. Proton Exchange Membrane
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2024-2031
- 8.6.1. Fertilizer
- 8.6.2. Transportation
- 8.6.3. Power Generation
- 8.6.4. Industrial Feedstock
- 8.6.5. Others
8.7. Market Attractiveness Analysis

9. Latin America Green Ammonia Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Production Process
- 9.3.3. By End Use
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2031
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2024-2031
- 9.5.1. Alkaline Water Electrolysis
- 9.5.2. Proton Exchange Membrane
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2024-2031
- 9.6.1. Fertilizer
- 9.6.2. Transportation
- 9.6.3. Power Generation
- 9.6.4. Industrial Feedstock
- 9.6.5. Others
9.7. Market Attractiveness Analysis

10. Middle East & Africa Green Ammonia Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Production Process
- 10.3.3. By End Use
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2031
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2024-2031
- 10.5.1. Alkaline Water Electrolysis
- 10.5.2. Proton Exchange Membrane
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2024-2031
- 10.6.1. Fertilizer
- 10.6.2. Transportation
- 10.6.3. Power Generation
- 10.6.4. Industrial Feedstock
- 10.6.5. Others
10.7. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2024
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Analog IC
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. CF Industries Holdings, Inc
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. BASF SE
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Yara International ASA
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Maire Tecnimont S.p.A.
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. ACME Group
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Fertiglobe plc
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. NEL Hydrogen
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. ThyssenKrupp AG
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. ITM Power
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Holder Topsoe
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations