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The global green ammonia market size has grown to a value of more than USD 1.4 million tons in 2021. It is expected to expand further at a CAGR of roughly 58.3% in the forecast period of 2022-2027. The market value will reach around USD 22.0 million tons by 2027.
In August 2022, Avaada Group, an integrated energy group, signed an MoU (Memorandum of Understanding) with the Rajasthan Government’s Department of industries and commerce for the setup of a green ammonia facility in Kota, Rajasthan.
The MoU signed is a part of the investment promotion strategy for the Invest Rajasthan Summit 2022 held in New Delhi. The proposal was an investment of Rs 40,000 crores. This development will provide direct and indirect employment to over 13,000 people.
In August 2022, The Suez Canal Economic Zone (SCZONE) signed 7 new Memorandum of Understanding for green fuel production agreements with the Sovereign Fund of Egypt, Egyptian Electricity Transmission Company and (NREA) New and Renewable Energy Authority, with 7 International companies from India, United Kingdom, UAE, and Saudi Arabia.
In July 2022, Yara Clean Ammonia signed an agreement for collaboration with Pilbara Ports Authority to utilise clean ammonia as a marine fuel in Western Australia.
Yara clean ammonia has access to 18 ammonia terminals and several ammonia production and consumption sites, and they operate the global ammonia network with 12 ships, making it one of the biggest global networks for ammonia.
The agreement also states that safe bunker infrastructure and guidelines for safety analysis will be followed to accelerate the creation and uptake of clean ammonia.
Ammonia is a colourless gas, composed of nitrogen and hydrogen. It has a very pungent smell. Ammonia is essential for many biological processes. Green ammonia is made with hydrogen that comes from water electrolysis and is 100% renewable and carbon-free.
Based on technology, the market segments include alkaline water electrolysis and proton exchange membrane. Based on the end-user, it can be bifurcated into fertiliser, chemical and petrochemicals, utilities, and marine transport, among other uses. The regional markets for the green ammonia market can be divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The extensive EMR report provides an in-depth evaluation of the market based on Porter's five forces model and a SWOT analysis
The green ammonia market report comprehensively analyses key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
Based on technology, the market is divided into alkaline water electrolysis and proton exchange membrane. The alkaline water electrolysis is a hydrogen production method in which water is split into hydrogen and oxygen gas with the use of electricity.
It is one of the oldest and the most widely adopted water electrolysis technology. It gives manufacturers the ability to scale up the megawatt range for production capacities.
Although the process can be very demanding with capital investment, operational, and maintenance expenses, proton exchange membranes are easier to construct than alkaline technology. Although PEM is the more expensive option, it has greater potential for cost reduction and technical improvements.
Based on end-uses, the green ammonia market includes fertiliser, chemical and petrochemicals, utilities, and marine transport, among others.
The agricultural industry is experiencing an increased demand for sustainable, eco-friendly fertilisers. This is due to the increased environmental concerns and rising soil quality due to the overuse of chemical fertilisers. This is expected to propel the demand for green ammonia in the market as it reduces the generation of carbon.
Green ammonia has been increasingly adopted as a marine fuel alternative as this fuel generates no carbon dioxide when burned. In addition, it is a sustainable option and can be made with renewable materials like water and air.
Among the various regional markets for green ammonia, Europe is expected to hold major shares of the market owing to the increasing implementation of renewable energy sources. With governments of different countries in the region promoting and investing in the development of renewable energy sources, the market is likely to witness robust growth.
North American governments are also increasing their adoption of green ammonia in agricultural procedures to reduce environmental degradation.
The Asia Pacific market is expected to rise rapidly as countries like China, India, and Japan are increasingly shifting towards renewable energy due to depleting fossil fuel energy reserves.
CF Industries Holding Inc. is a global company engaged in manufacturing and providing clean energy to increase sustainability. Their products include ammonia, urea, urea ammonium nitrate, ammonium nitrate, and fertilisers, among other products.
They have 9 complexes in the United States, Canada, and the United Kingdom, which comprises of 17 ammonia plants.
Yara International is a chemical company based in Norway. They are engaged in the production of green fertilisers, climate-friendly crop nutrition, and digital farming tools for precision farming.
Their products include nitrogen fertiliser, fertigation, and foliar.
Iberdrola S.A. is a multinational electric utility company based in Spain. They are actively engaged in innovating and manufacturing unique products. Their products include smart solar, smart mobility, and smart metres, among many other products that promote energy management and saving.
Acme Group is a leading global company in providing sustainable and renewable energy. They are setting up world-scale green ammonia and hydrogen plants in SCZONE in Oman.
This facility will aim to meet the demands in Europe and Asia. With this facility, they will aim to produce around 0.9 million tons of green ammonia every year.
OCI N.V. is a global producer and distributor of products based on nitrogen and methanol. They provide energy solutions to agricultural and industrial customers.
Their nitrogen fertilisers include anhydrous ammonia, granular urea, calcium ammonium nitrate, urea ammonium nitrate, and ammonium sulphate.
Their production capacity is approximately 16.1 million tons per year.
Nort H2 is an association of several companies including Equinor, Eneco, Gasunie, Groningen Seaports, RWE, and Shell Netherlands. These companies are currently involved in researching the possibility of the application of large-scale production, storage, and distribution of green hydrogen.
Greenfield Nitrogen LLC is a company in the United States that is focused on creating a network for green hydrogen and ammonia plants to serve the rising renewable energy need in the market.
Madoqua Renewables is a renewable chemical project company working in south Europe and Netherlands region. Their expertise lies in the development of sustainable infrastructure development and energy transition to renewable alternatives.
They are directly focused on producing and distributing hydrogen and its derivatives including green ammonia, methanol, and synthetic fuels.
NextChem is a subsidiary of Maire Tecnimont, operating in the field of green and renewable chemicals and energy transition technologies. It is based in Italy.
Their services help in energy transition and reduce the harmful impact on our environment.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Technology||
|Breakup by End-Use||
|Breakup by Region||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Green Ammonia Share in the Net Zero Scenario, 2020-2030
8.1 By Application
8.2 By Technology
9 Global Green Ammonia Market Analysis
9.1 Key Industry Highlights
9.2 Global Green Ammonia Historical Market (2017-2021)
9.3 Global Green Ammonia Market Forecast (2022-2027)
9.4 Global Green Ammonia Market by Technology
9.4.1 Alkaline Water Electrolysis
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
9.4.2 Proton Exchange Membrane
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
9.5 Global Green Ammonia Market by End-Use
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
9.5.2 Chemical and Petrochemicals
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
9.5.4 Marine Transport
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
9.6 Global Green Ammonia Market by Region
9.6.1 North America
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
9.6.3 Asia Pacific
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
9.6.4 Latin America
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
9.6.5 Middle East and Africa
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
10 North America Green Ammonia Market Analysis
10.1 United States of America
10.1.1 Market Share
10.1.2 Historical Trend (2017-2021)
10.1.3 Forecast Trend (2022-2027)
10.2.1 Market Share
10.2.2 Historical Trend (2017-2021)
10.2.3 Forecast Trend (2022-2027)
11 Europe Green Ammonia Market Analysis
11.1 United Kingdom
11.1.1 Market Share
11.1.2 Historical Trend (2017-2021)
11.1.3 Forecast Trend (2022-2027)
11.2.1 Market Share
11.2.2 Historical Trend (2017-2021)
11.2.3 Forecast Trend (2022-2027)
11.3.1 Market Share
11.3.2 Historical Trend (2017-2021)
11.3.3 Forecast Trend (2022-2027)
11.4.1 Market Share
11.4.2 Historical Trend (2017-2021)
11.4.3 Forecast Trend (2022-2027)
11.5.1 Market Share
11.5.2 Historical Trend (2017-2021)
11.5.3 Forecast Trend (2022-2027)
12 Asia Pacific Green Ammonia Market Analysis
12.1.1 Market Share
12.1.2 Historical Trend (2017-2021)
12.1.3 Forecast Trend (2022-2027)
12.2.1 Market Share
12.2.2 Historical Trend (2017-2021)
12.2.3 Forecast Trend (2022-2027)
12.3.1 Market Share
12.3.2 Historical Trend (2017-2021)
12.3.3 Forecast Trend (2022-2027)
12.4.1 Market Share
12.4.2 Historical Trend (2017-2021)
12.4.3 Forecast Trend (2022-2027)
12.5 South Korea
12.5.1 Market Share
12.5.2 Historical Trend (2017-2021)
12.5.3 Forecast Trend (2022-2027)
12.6.1 Market Share
12.6.2 Historical Trend (2017-2021)
12.6.3 Forecast Trend (2022-2027)
12.7.1 Market Share
12.7.2 Historical Trend (2017-2021)
12.7.3 Forecast Trend (2022-2027)
13 Latin America Green Ammonia Market Analysis
13.1.1 Market Share
13.1.2 Historical Trend (2017-2021)
13.1.3 Forecast Trend (2022-2027)
13.2.1 Market Share
13.2.2 Historical Trend (2017-2021)
13.2.3 Forecast Trend (2022-2027)
13.3.1 Market Share
13.3.2 Historical Trend (2017-2021)
13.3.3 Forecast Trend (2022-2027)
14 Middle East and Africa Green Ammonia Market Analysis
14.1 Saudi Arabia
14.1.1 Market Share
14.1.2 Historical Trend (2017-2021)
14.1.3 Forecast Trend (2022-2027)
14.2 United Arab Emirates
14.2.1 Market Share
14.2.2 Historical Trend (2017-2021)
14.2.3 Forecast Trend (2022-2027)
14.3.1 Market Share
14.3.2 Historical Trend (2017-2021)
14.3.3 Forecast Trend (2022-2027)
14.4 South Africa
14.4.1 Market Share
14.4.2 Historical Trend (2017-2021)
14.4.3 Forecast Trend (2022-2027)
15 Market Dynamics
15.1 SWOT Analysis
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Production Cost Analysis, By Major Producing Countries
17 Price Analysis
17.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
17.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
17.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
17.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
17.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 CF Industries Holding, Inc.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
18.2.2 Yara International
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
18.2.3 Iberdola, S.A.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
18.2.4 Acme Group
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
18.2.5 OCL N.V.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
18.2.6 Nort H2
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
18.2.7 Greenfield Nitrogen LLC
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
18.2.8 Madoqua Renewables
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
18.2.10 FerSam Group
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
19 Key Trends and Developments in the Market
In 2021, the global market for green ammonia attained a value of nearly 1.4 million tons.
The market is expected to expand at a CAGR of 58.3% in the period of 2022 and 2027.
The market is estimated to experience healthy growth to reach 22.0 million tons by 2027.
The growing demand for eco-friendly energy sources and companies increasingly investing in the development of such energy sources for smoother transition are the major growth driving factors.
Government initiatives to promote the develop renewable energy sources and the rising development for use of ammonia as a marine fuel are the currently followed trends in the market.
The major regional markets in the industry include Europe, North America, Asia Pacific, Latin America, Middle East and Africa.
Alkaline water electrolysis and proton exchange membrane are the technologies in the market.
The applications in the market include fertiliser, chemical and petrochemicals, utilities, and marine transport, among other uses.
The major players in the industry include CF Industries Holding, Inc., Yara International, Iberdrola S.A., Acme Group, OCI N.V., Nort H2, Greenfield Nitrogen LLC, Madoqua Renewables, NextChem, and FerSam Group, among others.
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