Green Ammonia Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently released a detailed report on the global green ammonia market, offering insights into crucial dynamics such as drivers, trends, opportunities, and challenges. The publication provides exclusive data and statistics, outlining the anticipated growth trajectory of the market from 2023 to 2030. This comprehensive analysis serves as a valuable resource for industry stakeholders seeking a concise understanding of the market landscape.

The global green ammonia market is expected to grow at a remarkable CAGR of 72.9%, escalating from US$97.8 million in 2023 to reach US$4,517.6 million by the conclusion of 2030.

Key Insights

Green Ammonia Market Size (2023E): US$ 97.8 Million
Projected Market Value (2030F): US$ 4,517.6 Million
Global Market Growth Rate (CAGR 2023 to 2030): 72.9%
Historical Market Growth Rate (CAGR 2018 to 2022): 11.2%

Green Ammonia Market - Report Scope

Green ammonia, produced sustainably with renewable energy, aims to reduce carbon emissions and promote eco-friendly practices. Unlike traditional methods, it uses renewable energy for water electrolysis, creating ammonia. The global market is growing due to increased environmental awareness and policies promoting sustainable energy sources. The demand for eco-friendly alternatives in various industries, supported by advancements in technology, positions green ammonia for significant growth in the near future.

Market Growth Drivers for Green Ammonia:

Government support is a key driver for the global green ammonia market. Recognizing the environmental impact of traditional ammonia production, governments worldwide are enacting policies to promote greener alternatives. With increasing concerns about climate change and the need for sustainability, governments are offering financial incentives and strict regulations to encourage industries to adopt cleaner technologies. Companies producing green ammonia receive subsidies, tax benefits, and grants, easing the financial challenges of transitioning to eco-friendly practices. This support not only helps overcome economic barriers but also encourages innovation and research to enhance the cost-effectiveness and efficiency of green ammonia production.

Market Restraints

A major challenge for the global green ammonia market is the lack of proper infrastructure, hindering its rapid growth. Unlike traditional ammonia production, green ammonia faces limitations in storage, transportation, and facilities for electrolysis and renewable energy integration.

Another obstacle is the need for cost competitiveness compared to traditional methods. While green ammonia offers environmental benefits, its production costs are high. Integrating renewable energy, like solar or wind power, requires significant upfront investments. Additionally, the energy-intensive electrolysis process contributes to the overall production cost, posing a challenge to widespread adoption.

Market Opportunities

The global green ammonia market is boosted by the rising demand for environmentally friendly farming practices. Agriculture heavily relies on ammonia for fertilizers, but traditional production methods contribute to high carbon emissions. As the agricultural sector shifts towards sustainability, there's a growing need for green ammonia as a greener alternative. Governments and agricultural communities are increasingly focusing on environmentally sustainable practices, creating a market for fertilizers made with green ammonia. These eco-friendly fertilizers not only enhance crop yield but also reduce the environmental impact associated with carbon emissions.

Key Questions Answered in Report:

Which region is expected to have a big part of the market in the future?
What are the main reasons that will increase the demand for green ammonia in the future?
What is the anticipated growth trajectory of the global green ammonia market in the coming years?
How are governments and regulatory bodies contributing to the expansion of the green ammonia market through policy support and initiatives?
What challenges does the green ammonia market face, particularly in terms of infrastructure development for production and distribution?
How is the increasing need for environmentally sustainable agricultural methods influencing the demand for green ammonia?
What factors contribute to the market's growth, and how are industries integrating renewable resources into established ammonia production processes?

Competitive Intelligence and Business Strategy

Leading companies like Yara International, Siemens, ITM Power, and Orsted are strategically securing a significant market share in the global green ammonia industry. Siemens, known for automation and electrification, is focusing on advancing electrolysis technologies for eco-friendly ammonia production, aiming to make it cost-effective and scalable. Orsted, a renewable energy leader, integrates offshore wind energy into green ammonia production, aligning with sustainability goals. These industry leaders adopt a comprehensive strategy, aligning with global sustainability objectives, forming strategic partnerships, and investing in research to contribute to a more environmentally conscious and sustainable future.

Key Companies Profiled:

CF Industries Holdings, Inc
BASF SE
Yara International ASA
Maire Tecnimont S.p.A.
ACME Group
Fertiglobe plc
NEL Hydrogen
ThyssenKrupp AG
ITM Power
Holder Topsoe

Green Ammonia Market Research Segmentation

Alkaline water electrolysis dominates the global green ammonia market for its mature and cost-effective nature, while the proton exchange membrane (PEM) sector shows rapid growth with enhanced efficiency. Fertilizers lead in end-use due to the demand for eco-friendly agriculture, and the transportation sector sees dynamic growth with green ammonia as a cleaner fuel option.

Europe takes the lead in the green ammonia market, driven by strong sustainability efforts and regulatory frameworks. South Asia and Oceania show rapid growth potential due to industrialization, population growth, and a focus on environmental sustainability. Policies encouraging renewable energy alternatives in these regions create a favorable environment for green ammonia adoption, with Oceania's renewable energy capacity making it particularly advantageous. These factors position South Asia and Oceania as the regions with the fastest expansion in the global green.

By Production Process Location:

Alkaline Water Electrolysis
Proton Exchange Membrane

By End Use:

Fertilizer
Transportation
Power Generation
Industrial Feedstock
Others

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33588

1. Executive Summary

1.1. Global Green Ammonia Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Production Process Lifecycle Analysis
2.4. Green Ammonia Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Vehicle Types
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Green Ammonia Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Green Ammonia Market Outlook: Production Process
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Production Process, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2023 - 2030
  - 3.3.3.1. Alkaline Water Electrolysis
  - 3.3.3.2. Proton Exchange Membrane
3.4. Market Attractiveness Analysis: Production Process
3.5. Global Green Ammonia Market Outlook: End Use
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End Use, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
  - 3.5.3.1. Fertilizer
  - 3.5.3.2. Transportation
  - 3.5.3.3. Power Generation
  - 3.5.3.4. Industrial Feedstock
  - 3.5.3.5. Others
3.6. Market Attractiveness Analysis: End Use

4. Global Green Ammonia Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Green Ammonia Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Production Process
- 5.3.3. By End Use
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2023 - 2030
- 5.5.1. Alkaline Water Electrolysis
- 5.5.2. Proton Exchange Membrane
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 5.6.1. Fertilizer
- 5.6.2. Transportation
- 5.6.3. Power Generation
- 5.6.4. Industrial Feedstock
- 5.6.5. Others
5.7. Market Attractiveness Analysis

6. Europe Green Ammonia Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Production Process
- 6.3.3. By End Use
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. T rkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2023 - 2030
- 6.5.1. Alkaline Water Electrolysis
- 6.5.2. Proton Exchange Membrane
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 6.6.1. Fertilizer
- 6.6.2. Transportation
- 6.6.3. Power Generation
- 6.6.4. Industrial Feedstock
- 6.6.5. Others
6.7. Market Attractiveness Analysis

7. East Asia Green Ammonia Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Production Process
- 7.3.3. By End Use
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2023 - 2030
- 7.5.1. Alkaline Water Electrolysis
- 7.5.2. Proton Exchange Membrane
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 7.6.1. Fertilizer
- 7.6.2. Transportation
- 7.6.3. Power Generation
- 7.6.4. Industrial Feedstock
- 7.6.5. Others
7.7. Market Attractiveness Analysis

8. South Asia & Oceania Green Ammonia Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Production Process
- 8.3.3. By End Use
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2023 - 2030
- 8.5.1. Alkaline Water Electrolysis
- 8.5.2. Proton Exchange Membrane
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 8.6.1. Fertilizer
- 8.6.2. Transportation
- 8.6.3. Power Generation
- 8.6.4. Industrial Feedstock
- 8.6.5. Others
8.7. Market Attractiveness Analysis

9. Latin America Green Ammonia Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Production Process
- 9.3.3. By End Use
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2023 - 2030
- 9.5.1. Alkaline Water Electrolysis
- 9.5.2. Proton Exchange Membrane
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 9.6.1. Fertilizer
- 9.6.2. Transportation
- 9.6.3. Power Generation
- 9.6.4. Industrial Feedstock
- 9.6.5. Others
9.7. Market Attractiveness Analysis

10. Middle East & Africa Green Ammonia Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Production Process
- 10.3.3. By End Use
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Production Process, 2023 - 2030
- 10.5.1. Alkaline Water Electrolysis
- 10.5.2. Proton Exchange Membrane
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 10.6.1. Fertilizer
- 10.6.2. Transportation
- 10.6.3. Power Generation
- 10.6.4. Industrial Feedstock
- 10.6.5. Others
10.7. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Analog IC
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. CF Industries Holdings, Inc
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. BASF SE
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Yara International ASA
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Maire Tecnimont S.p.A.
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. ACME Group
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Fertiglobe plc
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. NEL Hydrogen
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. ThyssenKrupp AG
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. ITM Power
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Holder Topsoe
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations