[Online Quarterly Update] Blue Ammonia Market has witnessed considerable growth as its demand reached 12 million tonnes in 2020 and is anticipated to achieve a healthy CAGR of 5.2% during the forecast period. Blue Ammonia is a version of low-carbon fuel and a key feedstock for Blue Hydrogen. It is made from Nitrogen and “blue” Hydrogen derived from natural gas feedstocks, with carbon dioxide as a by-product from hydrogen production captured and stored. Ammonia can be used for a wide range of industrial applications, including transportation and shipping, power generation, and industries including steel, cement and fertilizer production, and others. With the growing interest in hydrogen as a fuel, Ammonia has become an easily transportable way to store it. Hydrogen, a clean-burning fuel that has zero carbon emissions, can be obtained by reconverting Ammonia into gas to use in applications such as fuel cells for cars.
With rising investments in the Gulf countries regarding blue and green hydrogen, Blue Ammonia could become a viable fuel source for the future. In gas-rich regions such as the Middle East, North America, and Russia, Blue Hydrogen is progressively being seen as a lifeline to keep adding value to low cost and abundant gas reserves, which is further driving the demand for Blue Ammonia. Recently, the first trial shipment of Blue Ammonia was seen from the Middle East to Japan for use in a power station to generate lower-carbon electricity. A large number of projects related to Blue-Ammonia have been announced in several regions, especially in the Middle East. Similar to Blue Hydrogen, it is expected that Blue Ammonia will play a huge role in terms of being a stepping stone towards a carbon-free product in the next few years.
On the basis of technology, the Blue Ammonia market is segmented into Steam Methane Reforming (SMR) and Auto Thermal Reforming (ATR). The true Carbon Capture and Storage (CCS) based Blue Ammonia production must be based on >90% of carbon capture. Ammonia production through the Steam Methane Reforming (SMR) method is quite easy and inexpensive to capture and represents 50-70% of an ammonia plant’s CO2 emissions. In contrast, Auto Thermal Reforming (ATR) process allows over 90% Carbon capture. Using ATR technology instead of SMR is likely to strengthen the market in the upcoming years since ATR, despite lower efficiency, would allow for the recovery of a much higher percentage of process CO2 emissions compared with SMR.
Based on various end-uses, the market is segmented into fertilizer, wastewater treatment, industrial power heating, transportation, and others. The fertilizer segment is likely to dominate the Blue Ammonia market in the span of the next ten years owing to the increased demand from the agriculture industry.
The growing interest in Blue Ammonia also poses an interesting challenge, given the renewed study of methane emissions in the natural gas supply chain and the lifecycle carbon intensity of this solution. The absence of clear regulatory guidance and certification holds the potential dubious environmental claims in the short term, and this is an issue that will have to be tackled by the Ammonia producers as soon as possible.
In 2020, due to the unprecedented outbreak of COVID-19, the Blue Ammonia market showcased a marginal impact around the globe. The government authorities in several countries imposed strict restrictions and nationwide lockdowns. Due to the halt on transportation activities, the supply outlook of the product was severely affected around the world. Amidst the looming concern, the demand for fertilizers from the agriculture industry remained sturdy during the covid times.
Among different regions, the Middle East African region is anticipated to dominate the Blue Ammonia market across the globe in the next ten years due to the investments in multi-billion dollar projects in the region. Abu Dhabi National Oil Company (ADNOC) announced on 24th May 2021 that it will upTechnology a world-scale “blue” ammonia production facility in Ruwais, Abu Dhabi, in UAE. The growing demand for fuel Ammonia in regions including North America and Russia is going to drive the Blue Ammonia market in the forecast period.
Major players operating in the Blue Ammonia market include CF Industries, Nutrien, Jinmei Group, Yihua Group, PetroChina Group, Qatar Fertilizer Co (QAFCO), Yara, EuroChem Group, TogliattiAzot, Yangmei Group, Acron Group, and Others.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2035
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Objective of the Study:
• To assess the demand-supply scenario of Blue Ammonia which covers production, demand and supply of Blue Ammonia market globally.
• To analyse and forecast the market size of Blue Ammonia.
• To classify and forecast Blue Ammonia market based on application, technology, end-use and regional distribution.
• To identify drivers and challenges for Blue Ammonia market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Blue Ammonia market.
• To identify and analyse the profile of leading players involved in the manufacturing of Blue Ammonia.
To extract data for Blue Ammonia market, primary research surveys were conducted with Blue Ammonia 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 Blue Ammonia market over the coming years.
ChemAnalyst calculated Blue Ammonia demand globally by analyzing the historical data and demand forecast which was carried out considering imported Blue Ammonia, styrene prices, monomers used for production of Blue Ammonia. 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:
• Blue Ammonia manufacturers and other stakeholders
• Organizations, forums, and alliances related to Blue Ammonia 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 Blue Ammonia 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, Blue Ammonia market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size volume in 2020
12 Million Tonnes
Growth Rate
CAGR of 5.2% from 2021 to 2035
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2021 – 2035
Quantitative units
Demand in Million Tonnes and CAGR from 2021 to 2035
By Technology: (Steam Methane Reforming (SMR) and Auto Thermal Reforming (ATR) By End-Use: (Fertilizer, Wastewater Treatment, Industrial Power Heating, Transportation, and Others) By Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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What are the major end-use applications of Blue Ammonia?
Ans:
Blue Ammonia is widely used in an array of applications including fertilizers, wastewater treatment, industrial power heating, transportation as fuel, and others.
Q2.
Which region demands the maximum share in the Blue Ammonia market as of 2020?
Ans:
The Middle East Africa holds the maximum share in the Blue Ammonia market owing to the developments and investments in the major end-user industries.
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