Green Ammonia Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2035

Format: Online | Last Updated: Dec 2021

[Online Quarterly Update] Green Ammonia Market is expected to witness considerable growth by reaching 18 million tonnes in 2035 and grow at an impressive CAGR of 20.0% during the forecast period until 2035. Ammonia is the second-most-widely produced commodity chemical around the globe and is mostly utilized as a fertilizer in the agriculture industry, a sector that is under increasing scrutiny due to its environmental impact. The production of Green Ammonia is gaining prominence due to growing demand for making process 100% renewable and carbon-free. Ammonia could come to the rescue by easily capturing, storing, and transporting Hydrogen for use in emission-free fuel cells and turbines. Efforts are also undergoing to combust Ammonia directly in power plants and ship engines. Several chemical companies are developing Green Ammonia, a route to Ammonia in which Hydrogen derived from water electrolysis powered by alternative energy replaces hydrocarbon-based Hydrogen, making the production of Ammonia virtually carbon dioxide–free. The Haber-Bosch process is a widely used method to produce Ammonia on a commercial scale which can be extracted again via a thermal decomposition and separation process. In addition to the main use of Ammonia in the fertilizer industry, Green Ammonia holds the potential to play a role in other end-use applications. 
 
On the basis of technology, the Green Ammonia market is segmented into Alkaline Electrolysis (AE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE). SOE technology is anticipated to dominate the Green Ammonia market owing to the increased demand for Hydrogen systems to cut carbon emissions. The process of Solid Oxide Electrolysis utilizes electricity generated from renewable sources to produce Green Hydrogen, which can be further synthesized in the Ammonia synthesis plant to produce Green Ammonia.
 
Depending upon various end-uses, the market is segmented into fertilizer, industrial power generation, transportation, and others. Ammonia is widely utilized in the agriculture industry as fertilizers; however, the power generation segment is expected to dominate the market in the next few years. The demand for Green Ammonia as a sustainable fuel is rapidly increasing, which will provide a positive outlook to the Green Ammonia market in the upcoming years. Consistently rising demand for Green Ammonia as a maritime fuel demonstrates vast opportunities for the future. 
 
The major factor that could hinder the market growth is the high investments and low awareness among the chemical producers. The cost of Green Ammonia plants is higher than the natural gas Ammonia plants, which can hinder the growth of the market through 2035. 
 
There are several government-supported projects; for example, the Norwegian fertilizer producer Yara intends to install electrolyzers to produce 3,500 tonnes per year of green Ammonia at its plant in Pilbara, Australia. In the US, CF Industries is launching its first big Green Ammonia project, in which the company will spend USD100 million to convert 20,000 tonnes per year of conventional Ammonia at its flagship plant in Donaldsonville, Louisiana, to green by installing electrolyzers. 
 
In 2020, due to the spread of COVID-19, the Green Ammonia market witnessed a negative impact across the globe. The imposition of strict restrictions and nationwide lockdowns by the government authorities in order to curb the spread of deadly viruses severely impacted the downstream industries. The global supply chain was severely affected; however, the demand for fertilizers from the agriculture industry remained bullish during the covid times. As the market is gradually reopening, the demand for Green Ammonia is expected to boost in the near term owing to the rising demand from the shipping industry. 
 
Among different regions, Europe, followed by the Middle East, Africa, and North America, is expected to dominate the Green Ammonia market across the globe in the forecast period due to the increasing number of investments and projects in the regions. Initiatives to produce Green Hydrogen is likely to augment the demand for Green Ammonia across the MEA and Europe, which will further boost its market in the upcoming years. 
 
Major players operating in the Green Ammonia market include Siemens, BASF, thyssenkrupp, Nel Hydrogen, MAN Energy Solutions, Electrochaea, Green Hydrogen Systems, Hydrogenics, ITM Power, Uniper, Yara International, Queensland Nitrate Pty Ltd., Enapter, Hiringa Energy, ENGIE, Haldor Topso, 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 Green Ammonia which covers production, demand and supply of Green Ammonia market globally.
• To analyse and forecast the market size of Green Ammonia.
• To classify and forecast Green Ammonia market based on application, technology, end-use and regional distribution.
• To identify drivers and challenges for Green Ammonia market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Green Ammonia market.
• To identify and analyse the profile of leading players involved in the manufacturing of Green Ammonia.
 
 
To extract data for Green Ammonia market, primary research surveys were conducted with Green 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 Green Ammonia market over the coming years. 
 
ChemAnalyst calculated Green Ammonia demand globally by analyzing the historical data and demand forecast which was carried out considering imported Green Ammonia, styrene prices, monomers used for production of Green 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:
 
• Green Ammonia manufacturers and other stakeholders
• Organizations, forums, and alliances related to Green 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 Green 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, Green 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 by 2035
18 Million Tonnes
Growth Rate
CAGR of 20.0% from 2022 to 2035
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2022 – 2035
Quantitative units
Demand in Million Tonnes and CAGR from 2022 to 2035
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
By Technology: (Alkaline Electrolysis (AE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE))
By End-Use: (Fertilizer, Industrial Power Generation, 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
Key companies profiled
Siemens, BASF, thyssenkrupp, Nel Hydrogen, MAN Energy Solutions, Electrochaea, Green Hydrogen Systems, Hydrogenics, ITM Power, Uniper, Yara International, Queensland Nitrate Pty Ltd., Enapter, Hiringa Energy, ENGIE, Haldor Topso, and others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Frequently Asked Questions (FAQ):

What are the major end-use applications of Green Ammonia? 

Green Ammonia is widely used in an array of applications including fertilizers, industrial power heating and generation, transportation as fuel, and others

Which region demands the maximum share in the Green Ammonia market as of 2020?

The European region demands the maximum share in the Green Ammonia market owing to the developments and investments in the major end-user industries. 

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