Press Release

Burgeoning Demand for Clean Ammonia from Agriculture & Shipping Industry to Drive the Market Growth During 2025-30

The Global Clean Ammonia (Blue and Green) Market is projected to grow at a CAGR of around 23.56% during the forecast period of 2025-30, reveals MarkNtel Advisors in their recent research report. The market growth would be attributed to a surging government’s initiative to promote the adoption of clean energy, reduce carbon emissions & lessen the dependence of heavy industries on fossil fuels. Besides, the rising strategic partnership among the countries like the UAE, Japan, etc., toward the development and sales of blue ammonia for fertilization production is expected to accelerate the market growth of clean ammonia in the forthcoming period. For instance, in 2021, Japan’s Mitsui & Co., Ltd (Mitsui) and the Republic of Korea’s (Korea) GS Energy Corporation (GS Energy), in partnership with TA’ZIZ & Fertiglobe, plan to develop the world-scale low-carbon blue ammonia facility at the TA’ZIZ Industrial Chemicals Zone in Ruwais. Along with this, the Abu Dhabi National Oil Company (ADNOC), in partnership with Fertiglobe, has sold its first cargo of blue ammonia to Itochu in Japan for use in fertilizer production.

Furthermore, clean ammonia is gaining popularity for combustion as a marine fuel & in fuel cells on ships due to the ability to be easily stored & handled. Hence, the demand for clean ammonia is projected to increase in the shipping industry, which is anticipated to act as a catalyst for the market growth of clean ammonia shortly.

Moreover, with the gradually increasing demand, there is a high inclination of the countries in the Middle East, Europe, and Asia-Pacific towards the production of green ammonia to promote clean energy. For instance, in 2022, Nutrien is planning a world-scale clean ammonia facility in Geismar, Louisiana, to serve growing demand in agriculture, industry, and emerging energy markets.

Green Ammonia Would Witness Rapid Growth in the Near Future

Based on the type, the market bifurcates into the Blue & Green type of ammonia. Among them, the Green Ammonia segment is projected to hold a significant market share in the Global Clean Ammonia market during 2025-30. With the planned utilization of green ammonia in the industries such as fertilizers, refineries, etc., the growth of the green ammonia market is anticipated to grow in the forthcoming period. Furthermore, green ammonia would be a potential factor to reduce the dependency of countries such as India on the imports of expensive liquefied natural gas (LNG).

For instance, according to the Institute for Energy Economics and Financial Analysis (IEEFA), the utilization of green ammonia would reduce the fertilizer subsidy in India, which is around USD14.2 billion, and reduce the dependency on LNG for fertilizer production. Moreover, the rising inclination of various industries to lessen the environmental impact of ammonia manufacturing is paving the way for green ammonia as a future fuel, hence would boost the market growth in the forecast years.

Europe Captured a Considerable Market Share

Geographically, Europe is expected to hold a considerable share in the Global Clean Ammonia market during the forthcoming period. This would be attributed to the significant decarbonization plans of the European Commission for the EU economy, which would encourage the adoption of clean ammonia on account of the reduced generation of CO2 by 90% during ammonia production. Hence, the players in the energy sector are increasingly collaborating to enhance the production of clean ammonia in the region. In 2021, Equinor, Horisont Energi, and Vår Energy announced their collaboration for establishing Europe’s first large-scale blue ammonia production facility, Barents Blue, in Northern Norway.

Moreover, the rising inclination toward a sustainable source of energy for power generation & transportation fuel is a burgeoning demand for clean ammonia in the fertilizer industry. Along with this, the adoption of zero-carbon emission targets by the countries are some of the other factors projected to fuel the growth of the Clean Ammonia market during 2022-27, reveals MarkNtel Advisors in their research report, "Global Clean Ammonia (Blue and Green) Market Analysis, 2022."

Leading Companies in the Market

According to MarkNtel Advisors, the leading players in the Global Clean Ammonia (Blue and Green) Market are CF Industries, Nutrien Ltd., Yara Clean Ammonia, Air Liquide, Aker Clean Hydrogen, ADNOC, Hydrofuel Canada Inc., Linde plc, and Others.

Key Questions Answered in the Study

1. What are the current & future trends in the Global Clean Ammonia Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across various countries, followed by their comparative landscape?
4. What are the key growth drivers & challenges for the Global Clean Ammonia Market?
5. What are the customer orientation, purchase behavior, and expectations from the Clean Ammonia providers across various regions?

Market Segmentation:

1. By Type (Blue, Green)
2. By Technology (Water Electrolysis (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Others), Methane Pyrolysis)
3. By End User (Agriculture, Power & Energy, Food & Beverage, Pharmaceutical, Beauty & Personal Care, Mining & Metallurgy, HVAC (Heating, Ventilation, and Air Conditioning), Electronics, Hydrogen Carrier, Others (Pulp & Paper, Rubber & Plastics, etc.))
4. By Region (Americas, Europe, Asia-Pacific, the Middle East, and Africa)
5. By Company (CF Industries, Nutrien Ltd., Yara Clean Ammonia, Air Liquide, Aker Clean Hydrogen, ADNOC, Hydrofuel Canada Inc., Linde plc, Others)