Ammonia Fuel Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: May 2021

[Online Quarterly Update] Global Ammonia Fuel demand is projected to grow at a healthy CAGR of 14.35%. Ammonia fuel is also known as green ammonia. It is produced via renewable sources of energy and thus is produced with zero carbon emissions. It is a clean fuel that can be used in internal combustion engines as both neat and blended with petroleum fuel. Ammonia fuel can be produced via three technologies namely alkaline water electrolysis, proton exchange membrane, and solid oxide electrolysis. Out of the following technologies the solid oxide electrolysis technology holds the major share of global ammonia fuel market. It involves production of green hydrogen from surplus electricity produced from renewable sources. Green hydrogen produced via this route is further synthesised to ammonia fuel using the solid oxide electrolysis technology. Ammonia fuel has application in transportation, power generation, and industrial feedstock. Increasing investments in the clean energy and green fuel plans coupled with growing demand of ammonia fuel as a maritime fuel is expected to drive the demand of ammonia fuel during the forecast period. Moreover, high capital expenditure and initial costs related with ammonia fuel and less awareness about ammonia as a fuel is expected to hinder the demand growth during the forecast period. Additionally, increasing demand of green hydrogen and various government initiatives like the South Korea government initiative to have three hydrogen powered cities by 2022 is also expected to provide opportunity for demand growth of ammonia fuel as green hydrogen is the raw material for ammonia fuel. 
 
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Renewable energy was among the affected industries during the pandemic. This had an impact on the demand of ammonia fuel for the first half of 2020. Therefore, the demand for ammonia fuel fell during the coronavirus pandemic due to halting of plants that are being set up. 
 
Region wise, Europe region holds the major share of global demand for ammonia fuel due to early adoption and technological advancements. Increasing demand of green fuels is also a factor propelling demand growth in Europe during the forecast period. 
 
Years considered for this report:
 
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
 
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
 
Objective of the Study: 
 
•To assess the demand-supply scenario of ammonia fuel which covers production, demand and supply of ammonia fuel market globally.
•To analyse and forecast the market size of ammonia fuel .
•To classify and forecast global ammonia fuel market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global ammonia fuel market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global ammonia fuel market.
•To identify and analyse the profile of leading players involved in the manufacturing of ammonia fuel.
 
 
Major players for ammonia fuel globally include Siemens, MAN Energy Solutions, ITM Power, Nel Hydrogen Solutions, Yara International, Haldor Topsoe, and Others. 
 
To extract data for global ammonia fuel market, primary research surveys were conducted with ammonia fuel manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global ammonia fuel market over the coming years. 
 
ChemAnalyst calculated ammonia fuel demand globally by analyzing the historical data and demand forecast which was carried out considering imported ammonia fuel, prices, materials used for production of ammonia fuel . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:
 
• ammonia fuel manufacturers and other stakeholders
•Organizations, forums and alliances related to ammonia fuel distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as ammonia fuel manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
 
Report Scope:
 
In this report, global ammonia fuel market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Market, by Application
Transportation, Power Generation, and Industrial Feedstock
Market, by Technology
Alkaline Water Electrolysis, Proton Exchange Membrane, and Solid Oxide Electrolysis
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
 
Available Customizations:
 
With the given market data, Chemanalyst offers customizations according to a company’s specific needs. 
 
In case you don’t find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com 

Frequently Asked Questions (FAQ):

Which are the major drivers for growth in demand of ammonia fuel? 

Growing demand of green energy sector is expected to drive the demand of ammonia fuel during the forecast period.  

Which region holds the maximum demand share in the Global ammonia fuel market as of 2020?

Europe holds the major demand share of ammonia fuel due increasing demand of the green energy sector and early adoption supported by technological advancements. 

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We offer multi-user license, which will allow three users within in your organizations to access the report at any given point of time.

 Will I get access to Analyst who has authored the report?

 Yes, you will have 24/7 access to the analyst during the subscription period.

 

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