Global Green Ammonia

Global Green Ammonia Market Research Report: Forecast (2022-27)

By Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), Solid Oxide Electrolysis (SOE)), By Application (Energy Storage, Zero-Carbon Fuel, Hydrogen Carrier, Fertilizer, Other Read more

  • Chemicals
  • Sep 2022
  • 201
  • CM10239

Market Definition

Ammonia, as a gas, exhibits widespread utility in producing agricultural fertilizers, however, comprises high carbon content. Hence, the agriculture industry, alongside others, is adopting alternative procedures for producing ammonia. With the massive pressure on the agriculture industry to feed the exponentially rising population, the sector is formally adopting numerous color codes associated with its development. Green ammonia production is the production of ammonia in a 100% renewable & carbon-free manner, where one way might include using hydrogen from water electrolysis & nitrogen separated from the air.

Besides, backed by the benefits of green ammonia, the industry's future is anticipated to be lucrative for different end-users & players. These perks include its easy storage in bulk as a liquid, making it an ideal chemical store for renewable energy. In addition, green ammonia can also be burnt in an engine or act as a fuel cell to generate electricity, demonstrating zero-carbon fuel. In fact, the maritime industry is anticipated to be an early adopter of these elements as a replacement for fuel oil in engines.

Market Insights

The Global Green Ammonia Market is projected to grow at a CAGR of around 54% during the forecast period, i.e., 2022-27. The market is driven by the gradual focus shift on reducing greenhouse gas (GHG) emissions & growing emphasis on the adoption of energy-efficient technologies in manufacturing ammonia.

As industries & people are becoming more conscious & shifting preferences toward sustainable products, the demand & utilization of green ammonia is swiftly gaining traction & is set to attain an opportunistic future across different locations.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 54%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Norway, Denmark, The Netherlands, Russia, Others
Asia-Pacific: China, India, Japan, New Zealand, Australia, Rest of Asia-Pacific
Others
Key Companies Profiled Siemens AG, ThyssenKrupp AG, Nel ASA, GreenHydrogen ApS, Enapter S.r.l., Starfire Energy Inc., Engie SA, Yara International, Wesfarmers Chemicals, Energy & Fertilisers Ltd. etc.
Unit Denominations USD Million/Billion

 

Another prominent factor contributing to the significant growth of the market is its anticipated high demand in the maritime industry as an alternative to regular ocean fuel. This demand is set to witness an upsurge owing to the negligible sulfur content & zero greenhouse gas emissions capabilities of green ammonia, demonstrating itself as a reliable alternative in the industry.

Moreover, growing governmental & private expenditures & fast-falling cost of producing renewable power are the other aspects shaping the industry dynamics. It, in turn, is also generating lucrative opportunities for the leading players to increase their production & distribution capacities and cater to the burgeoning demands worldwide. For instance:

  • On 15 August 2021, India launched a National Hydrogen Mission to meet the country's climate targets & make it a Green Hydrogen Hub. It, in turn, shall target the production of 5 million tonnes of green hydrogen by 2030 & related development of renewable energy capacity. The same aspect is also set to have a direct influence on the production of green ammonia. The country believes that hydrogen & ammonia are the future fuels and an alternative to fossil fuels. Hence, the government is encouraging the production of these fuels using power from renewable energy like green hydrogen & green ammonia for the environmentally sustainable energy security of the nation. 
  • Likewise, Saudi Arabia has invested $5 billion in a Green Hydrogen-based Ammonia Plant, which shall begin production in 2025. This project is established at the Neom mega-development on the Red Sea coast of the country and shall produce 1.2 million tonnes of green ammonia per year.

Besides, the advent of cutting-edge technologies paired with a sustainable source of energy in the extraction of hydrogen, resulting in the production of free ammonia, is also bolstering the market growth. In addition, an ampler growth prognosis for the Green Ammonia Industry can be expected owing to the widespread applications in end-use sectors, including power generation and transport. 

Furthermore, the widespread acceptance of green ammonia in producing eco-friendly fertilizers scales up the market trajectory. With the considerable introduction of green hydrogen in a fossil-based ammonia plant & many upcoming multi-GW renewable ammonia plants already under construction, the Green Ammonia market shall observe substantial growth in the forthcoming years.

  • As a part of the ‘Power-to-X µPilot’ project, the IRESEN (Research Institute for Solar Energy & New Energies) recently announced the first green hydrogen manufacturing unit at the micro-pilot scale in Benguerir. The primary aim is to boost the production of green ammonia, green fuels, and green methanol, thereby contributing to sustainable mobility and promoting renewable electricity storage using hydrogen and fuel cells.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Executive Summary
  3. Impact of COVID-19 on Global Green Ammonia Market
  4. Expert Verbatim-Interview Excerpts of industry experts
  5. Global Green Ammonia Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Technology
        1. Alkaline Water Electrolysis (AWE)
        2. Proton Exchange Membrane (PEM)
        3. Solid Oxide Electrolysis (SOE)
      2. By Application
        1. Energy Storage
        2. Zero-Carbon Fuel
        3. Hydrogen Carrier
        4. Fertilizer
        5. Others
      3. End User
        1. Transportation
        2. Power Generation
        3. Industrial Feedstock
      4. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Others
      5. By Company
        1. Market Shares, By Revenue
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
    3. Market Attractiveness Index
      1. By Technology
      2. By Application
      3. By End User
      4. By Region
  6. North America Green Ammonia Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Technology
      2. By Application
      3. By End User
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
    4. Canada Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
    5. Mexico Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
  7. Europe Green Ammonia Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Technology
      2. By Application
      3. By End User
      4. By Country
        1. Germany
        2. The UK
        3. France
        4. Norway
        5. Denmark
        6. The Netherlands
        7. Russia
        8. Others
    3. Germany Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
    4. The UK Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
    5. France Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
    6. Norway Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
    7. Denmark Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
    8. The Netherlands Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
    9. Russia Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
  8. Asia-Pacific Green Ammonia Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Technology
      2. By Application
      3. By End User
      4. By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. New Zealand
        6. Others
    3. China Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
    4. India Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
    5. Japan Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
    6. Australia Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
    7. New Zealand Green Ammonia Market Outlook, 2017-2027
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Application
        2. By End User
  9. Global Green Ammonia Market Policies, Regulations, Product Standards
  10. Global Green Ammonia Market Trends & Insights
  11. Global Green Ammonia Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  12. Global Green Ammonia Market Hotspot & Opportunities
  13. Global Green Ammonia Market Key Strategic Imperatives for Success & Growth
  14. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Siemens AG
      2. ThyssenKrupp AG
      3. Nel ASA
      4. GreenHydrogen ApS
      5. Enapter S.r.l.
      6. Starfire Energy Inc.
      7. Engie SA
      8. Yara International
      9. Wesfarmers Chemicals, Energy & Fertilisers Ltd.
  15. Disclaimer
Global Green Ammonia Market Segmentation
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