Blue Ammonia Global Market Report 2026

Blue ammonia refers to ammonia derived from the conversion of natural gas into hydrogen and carbon dioxide, with the captured or utilized CO2 serving to mitigate emissions. It functions as a cleaner energy source suitable for power generation and industrial processes, while also serving as a potential medium for hydrogen transport and storage, thereby supporting the transition towards low-carbon energy systems.

The primary technologies utilized in blue ammonia production include steam methane reforming, autothermal reforming, gas partial oxidation, among others. Steam methane reforming (SMR) is a chemical process employed to generate hydrogen and carbon monoxide by reacting methane with steam over a catalyst. These products are distributed through various channels such as distribution/wholesalers, e-commerce platforms, and direct sales, catering to diverse applications including power generation, industrial feedstock, agriculture, pharmaceuticals, transportation, chemical and petrochemical sectors, among others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have impacted the blue ammonia market by increasing costs of imported natural gas processing equipment, carbon capture systems, and specialized catalysts. These impacts are most pronounced in power generation, hydrogen transport, and industrial feedstock applications. Europe and asia pacific are particularly affected due to dependence on cross border energy infrastructure trade. Higher capital costs have slowed project timelines. However, tariffs are encouraging local manufacturing of CCS equipment and regional blue ammonia production hubs.

The blue ammonia market research report is one of a series of new reports from The Business Research Company that provides blue ammonia market statistics, including blue ammonia industry global market size, regional shares, competitors with a blue ammonia market share, detailed blue ammonia market segments, market trends and opportunities, and any further data you may need to thrive in the blue ammonia industry. This blue ammonia market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The blue ammonia market size has grown strongly in recent years. It will grow from $14.73 billion in 2025 to $15.5 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to natural gas based ammonia production, early CCS projects, fertilizer industry demand, energy security concerns, industrial hydrogen usage.

The blue ammonia market size is expected to see strong growth in the next few years. It will grow to $18.96 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to hydrogen economy growth, decarbonization mandates, expansion of clean power generation, investment in CCS infrastructure, growth in ammonia fueled transport. Major trends in the forecast period include rising adoption of low carbon ammonia, increasing use as hydrogen carrier, growing investment in carbon capture technologies, expansion of clean fuel applications, higher focus on energy transition infrastructure.

The increasing demand for low-carbon fuels is expected to propel the growth of the blue ammonia market going forward. Low-carbon fuels are energy sources that generate significantly lower carbon dioxide emissions than conventional fossil fuels, thereby contributing less to global warming and climate change. Their demand is rising due to the growing need to curb greenhouse gas emissions and mitigate the impacts of climate change. Blue ammonia is produced by converting natural gas into hydrogen while capturing the resulting carbon dioxide, making it a valuable low-carbon fuel option. For instance, in January 2024, according to the International Energy Agency, a France-based intergovernmental organization, global biofuel demand is projected to increase by 38 billion liters between 2023 and 2028, representing nearly a 30% rise compared to the previous five years. Overall, total biofuel demand is expected to grow by 23%, reaching 200 billion liters by 2028. Therefore, the rising demand for low-carbon fuels is driving the growth of the blue ammonia market.

Major companies operating in the blue ammonia market are developing innovative solutions such as final investment decisions (FID) to expand low-carbon ammonia production capacity. A final investment decision (FID) refers to the formal approval by a company or consortium to move forward with full-scale funding and execution of a major project after completing all feasibility studies, engineering reviews, cost evaluations, and risk assessments. For instance, in April 2025, JERA Co., Inc., a Japan-based energy provider, in partnership with CF Industries Holdings, Inc., a US-based fertilizer and chemical manufacturer, and Mitsui & Co., Ltd., a Japan-based global trading and investment company, announced a Final Investment Decision (FID) for the Blue Point low-carbon ammonia production project. The Blue Point facility is designed to produce around 1.4 million metric tons of ammonia annually, using natural gas combined with carbon capture and storage (CCS) technology to lower CO2 emissions. The project is estimated to cost approximately USD 4 billion, with JERA holding a 35% equity stake and agreeing to offtake a portion of the ammonia produced. Commercial operations are expected to begin around 2029, positioning Blue Point as a central component of JERA's global clean-energy and decarbonization strategy.

In December 2023, CF Industries Holdings Inc., a US-based nitrogen fertilizer producer, acquired the ammonia production unit of Incitec Pivot Ltd. (IPL) for $1.675 billion. This acquisition aims to strengthen CF Industries' leadership in ammonia production by integrating IPL's Waggaman facility and establishing a supply agreement with Dyno Nobel to maintain a consistent ammonia distribution channel. Incitec Pivot Ltd. is an Australia-based chemical manufacturing company.

Major companies operating in the blue ammonia market are Saudi Arabian Oil Group, ExxonMobil Corporation, Shell PLC, Uniper SE, Koch Industries Inc., ITOCHU Corporation, BASF SE, Siemens Energy AG, Saudi Basic Industries Corporation, Thyssenkrupp AG, Nutrien Ltd., Linde PLC, Mitsubishi Heavy Industries Ltd., Air Liquide S.A., Yara International ASA, Ma'aden, CF Industries Holdings Inc., TechnipFMC PLC, EuroChem Group AG, Sumitomo Mitsui Construction Co. Ltd., Haldor Topsoe A/S, Engie S.A., Qatar Fertiliser Company (P.S.C.), ADNOC Group, Casale S.A.

North America was the largest region in the blue ammonia market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blue ammonia market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the blue ammonia market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The blue ammonia market consists of sales of clean energy carriers, emissions credits or carbon offsets, technology, and services for carbon capture and storage (CCS). Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Blue Ammonia Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses blue ammonia market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for blue ammonia ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The blue ammonia market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Technology: Steam Methane Reforming; Autothermal Reforming; Gas Partial Oxidation
• 2) By Distribution Channel: Distribution Or Wholesalers; Direct Sale
• 3) By Application: Power Generation; Industrial Feedstock; Agriculture; Pharmaceuticals; Transportation; Chemical And Petrochemicals; Other Applications
• Subsegments:
• 1) By Steam Methane Reforming (SMR): SMR with Carbon Capture and Storage (CCS); SMR with Carbon Capture, Utilization and Storage (CCUS)
• 2) By Autothermal Reforming (ATR): ATR with Integrated CCS; ATR with Advanced High-Capture CCS (>=90% CO2 capture)
• 3) By Gas Partial Oxidation (GPO): GPO with CCS; GPO with Enhanced CO2 Capture Systems
• Companies Mentioned: Saudi Arabian Oil Group; ExxonMobil Corporation; Shell PLC; Uniper SE; Koch Industries Inc.; ITOCHU Corporation; BASF SE; Siemens Energy AG; Saudi Basic Industries Corporation; Thyssenkrupp AG; Nutrien Ltd.; Linde PLC; Mitsubishi Heavy Industries Ltd.; Air Liquide S.A.; Yara International ASA; Ma'aden; CF Industries Holdings Inc.; TechnipFMC PLC; EuroChem Group AG; Sumitomo Mitsui Construction Co. Ltd.; Haldor Topsoe A/S; Engie S.A.; Qatar Fertiliser Company (P.S.C.); ADNOC Group; Casale S.A.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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