The North America green ammonia market size reached approximately USD 81 billion in 2023. The market is projected to grow at a CAGR of 53.7% between 2024 and 2032, reaching a value of around USD 4,870.01 million by 2032.
Ammonia (NH3) is a pungent gas widely employed in the production of agricultural fertilisers, meanwhile, green ammonia is a type of ammonia produced using renewable energy sources and a sustainable, environmentally friendly process. Green ammonia possesses an identical chemical composition to its conventional counterpart.
Based on technology, the market can be segmented into alkaline water electrolysis and proton exchange membrane. The North America green ammonia market segmentation, based on end-use, includes fertiliser, chemical and petrochemicals, utilities, and marine transport, among others. The major regional markets for green ammonia are the United States of America and Canada.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America green ammonia market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
According to the North America green ammonia market analysis, the proton exchange membrane (PEM) technology is likely to experience increased application owing to the growing awareness surrounding the benefits of this technology. Besides its compact design, benefits of PEM electrolysers include an exceptional efficiency, coupled with high current densities achievable at low voltages.
Furthermore, favourable government subsidies directed towards the advancement of green and clean energy production, coupled with amplified research and development efforts in fuel cell initiatives, are anticipated to favour the growth of this segment.
The marine transportation sector emerged as the leading end use industry, accounting for a substantial portion of the North America green ammonia market share. The increasing opportunity for green ammonia applications within the sector can be primarily attributed to the escalating global energy crisis and environmental degradation, prompting a heightened demand for environmentally sustainable fuel alternatives. This change in interest has led to a shift in demand from traditional energy sources to renewable alternatives.
CF Industries Inc. is a global leader in the production and distribution of essential nitrogen-based fertiliser and other nitrogen products. Established in 1946 and headquartered in Illinois, United States, the company plays a vital role in supporting agricultural productivity by providing critical nutrients required for optimal plant growth.
Yara International is a prominent multinational corporation recognised as a global leader in crop nutrition and agricultural solutions. Established in 1905 and headquartered in Norway, Yara has cultivated a distinguished reputation for its contributions to sustainable agriculture and food security worldwide. The company's extensive portfolio encompasses a wide array of crop nutrition products, including fertilisers, industrial products, and environmental solutions.
ITM Power PLC is a company that specialises in the design, development, and manufacturing of hydrogen energy solutions. Established in 2001 and headquartered in Sheffield, United Kingdom, ITM Power has garnered recognition as a leading force in the advancement of sustainable hydrogen production and storage technologies. The company has significant expertise in the creation of electrolysis systems, a critical technology to produce green hydrogen.
Other key players in the market are Nel Hydrogen, Excel Group, LSB Industries, Iberdrola S.A., OCI Global, and Greenfield Nitrogen LLC., among others.
|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
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Green Ammonia Share in the Net Zero Scenario, 2018-20332
9 North America Green Ammonia Market Overview
9.1 Key Industry Highlights
9.2 North America Green Ammonia Historical Market (2018-2023)
9.3 North America Green Ammonia Market Forecast (2024-2032)
10 North America Green Ammonia Market by Technology
10.1 Alkaline Water Electrolysis
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Proton Exchange Membrane
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 North America Green Ammonia Market by End-Use
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Chemical and Petrochemicals
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Marine Transport
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 North America Green Ammonia Market by Country
12.1 United States of America
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Value Chain Analysis
15 Price Analysis
16 Manufacturing Process
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 CF Industries Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
17.2.2 Yara International
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
17.2.3 ITM Power PLC
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
17.2.4 Nel Hydrogen
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
17.2.5 Excel Group
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
17.2.6 LSB Industries
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
17.2.7 Iberdrola S.A.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
17.2.8 OCI Global
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
17.2.9 Greenfield Nitrogen LLC
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Green Ammonia Market: Key Industry Highlights, 2018 and 2032
2. North America Green Ammonia Historical Market: Breakup by Technology (USD Million), 2018-2023
3. North America Green Ammonia Market Forecast: Breakup by Technology (USD Million), 2024-2032
4. North America Green Ammonia Historical Market: Breakup by End Use (USD Million), 2018-2023
5. North America Green Ammonia Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. North America Green Ammonia Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Green Ammonia Market Forecast: Breakup by Country (USD Million), 2024-2032
8. North America Green Ammonia Market Structure
In 2023, the market reached an approximate value of USD 81 million.
The market is projected to grow at a CAGR of 53.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 4,870.01 million by 2032.
The market is driven by the increasing demand for sustainable agriculture techniques, coupled with the rising emphasis on environmental protection.
The market is likely to register rapid growth rate owing to the development of electrolysis technology and the introduction of favourable government policies promoting the utilisation of green ammonia.
The major regional markets are the United States of America and Canada.
The different end-uses are fertiliser, chemical and petrochemicals, utilities, and marine transport, among others.
The key players in the market include CF Industries Inc., Yara International, ITM Power PLC, Nel Hydrogen, Excel Group, LSB Industries, Iberdrola S.A., OCI Global, and Greenfield Nitrogen LLC., among others.
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