PUBLISHER: BIS Research | PRODUCT CODE: 1682228
PUBLISHER: BIS Research | PRODUCT CODE: 1682228
Ammonia Crackers Market: Industry Overview
Hydrogen and hydrogen compounds such as ammonia play a key role in green transition, replace natural gas, and support a sustainable future. Moreover, hydrogen facilitates use as an economically viable energy vector in various applications, including transport and industrial applications, owing to its low volumetric density even when compressed to high pressures or liquefied. With minimal specialized transport infrastructure, hydrogen has been created close to where it is delivered and utilized. Moreover, synthetic fuels produced from hydrogen can be used in existing infrastructure, though they might need to be expanded. To overcome this challenge, various hydrogen carriers, such as ammonia in liquid form, are carbon-free and readily dispatchable hydrogen carriers, allowing the cost-effective storage and distribution of large quantities of energy. Furthermore, according to the International Energy Association (IEA), in some regions, the cost of imported hydrogen in the form of ammonia is lower than transporting it as hydrogen. Although ammonia production, handling practices, and supply chains are mature and well-established, efficient processes for the recovery of hydrogen from ammonia must be developed, as efficient ammonia cracking technologies that can generate pure hydrogen remain in their infancy.
Market Lifecycle Stage
The small-scale ammonia crackers are in their mature stage, while large-scale ammonia crackers are in their developing stage. The ecosystem of the ammonia crackers market comprises primary ammonia crackers manufacturers, green hydrogen and green ammonia producers, technology providers, and end users. The market is still developing, with Asia-Pacific and Europe at the forefront, followed by other regions such as North America, China, Rest-of-the-World, and the U.K.
Industrial Impact
Market Segmentation:
Segmentation 1: by End User
Based on end user, the ammonia crackers market was led by the metal industry segment in 2024.
Segmentation 2: by Cracker Type
Based on cracker type, the ammonia crackers market is estimated to be led by the decentralized segment during the forecast period of 2025-2034.
Segmentation 3: by Capacity
Based on capacity, the ammonia crackers market was led by the small scale segment in 2024.
Segmentation 4: by Region
In the global ammonia crackers market, Asia-Pacific and Japan and Europe are anticipated to gain traction in terms of ammonia crackers' production, owing to the increased import of green ammonia as a hydrogen carrier in the regions.
Recent Developments in Ammonia Crackers Market
Demand - Drivers and Limitations
The following are the demand drivers for the ammonia crackers market:
The market is expected to face some limitations due to the following challenges:
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different cracker types and capacities involved in the ammonia crackers market. The cracker type segment has been segmented into centralized and decentralized. The capacity segment has been segmented into small scale (<250 Nm3/hr), medium scale (250-1,000 Nm3/hr) and large scale (>1,000 Nm3/hr). Moreover, the study provides the reader with a detailed understanding of the ammonia crackers market based on end user, including heat treatment, metal industry, oil and gas, power generation, mobility, and others. The increasing adoption of ammonia crackers in power generation and mobility sectors is expected to fuel market growth in the future.
Growth/Marketing Strategy: The ammonia crackers market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been business partnerships to strengthen their position in the ammonia crackers market. For instance, in January 2023, thyssenkrupp AG and ADNOC signed a memorandum of understanding (MoU) to explore a long-term partnership to create new markets for hydrogen and promote global clean energy value chains. The agreement focuses on a joint project development of large-scale ammonia cracking, which is used to extract hydrogen from ammonia after transportation.
Competitive Strategy: Key players in the ammonia crackers market analyzed and profiled in the study involve ammonia cracker producers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the ammonia crackers market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
Ammonia has already established itself as a well-developed method for storing hydrogen. Storage tanks designed for liquefied petroleum gas (LPG) that share similarities in design and function with ammonia tanks have been successfully built, capable of accommodating capacities up to 130,000 m3. To put it into perspective, a single tank of this magnitude could store approximately 0.5 terawatt-hours (TWh) of liquid ammonia. This storage solution is not constrained by geographical limitations and can be conveniently expanded in a modular manner wherever necessary. Ammonia crackers play a key role in end-user industries, including the metal industry, heat treatment, power generation, mobility, oil and gas, and others. In 2022, the metal industry led the global ammonia crackers market; however, power generation and mobility industries are expected to gain traction over the forecast period with increased installation of large-scale ammonia crackers.
Some of the prominent producers of ammonia crackers are:
Company Type 1 (by Capacity): Small Scale (<250 Nm3/hr)
Company Type 2 (by Capacity): Medium Scale (250-1,000 Nm3/hr)
Company Type 3 (by Capacity): Large Scale (>1,000 Nm3/hr)
Various players are involved in the market, which has been covered in different sections of the report.
Scope and Definition
Market/Product Definition
Key Questions Answered
Analysis and Forecast Note