Chemicals, UncategorizedMarch 19, 2025

According to Vantage Market Research, the Global Green Ammonia Market size is projected to be USD 3031.8 Billion over 2023-2030. The market is anticipated to grow at a 75.3 % CAGR during the forecast period. The market is bolstered by the implementation of green Ammonia and a burgeoning trend toward rising investments, which drive the market’s growth. However, the high cost of green hydrogen remains a hurdle. Some are the key players in the market are- ACME Group (India), Air Products Inc. (U.S.), Aker Clean Hydrogen (Norway), AquaHydrex (U.S.), Ballance Agri-Nutrients (New Zealand), BASF SE (Germany), CF Industries Holdings Inc. (U.S.), Dyno Nobel (U.S.), Electrochaea (Germany), Enaex Energy (Chile), Enapter (Italy), Eneus Energy Limited (U.S.), ENGIE (France), EXYTRON (Germany), Green Hydrogen Systems (Denmark), Greenfield Nitrogen LLC (U.S.), H2U Technologies Inc. (U.S.), Haldor Topsoe (Denmark), Hiringa Energy (New Zealand), Hydrogenics (Canada), ITM Power (U.K.), Maire Tecnimont S.P.A. (Italy), MAN Energy Solutions (Germany), McPhy Energy (France), Nel Hydrogen (Norway), Origin Energy Limited (Australia), Queensland Nitrates Pty Ltd (Australia), Siemens Energy (Germany), Starfire Energy (U.S.), ThyssenKrupp AG (Germany), Uniper (Germany) etc.

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Market Driver

The Green Ammonia Market Adebis is Growing296.5: p. Government and businesses are increasing efforts to achieve carbon neutrality and reduce the overall ecological footprint. Green Ammonia can be an emission-free replacement for traditional fuels such as natural gas. It can be used as an integrated hydrogen carrier in transportation and energy storage sectors. It’s increasingly used as a transportation fuel, maritime fuel, industrial feedstock, and decarbonization benefits. Green Ammonia is driven by electrolyzer technology (alkaline water electrolysis).

In contrast, carbon has several convenient uses in power generation, agriculture, and as green fertilizers, cutting greenhouse gas output and reducing environmental damage. As renewable energy sources become more available, so are Green Ammonia projects. As part of that switch, the shipping and refrigeration transportation sectors have begun a shift to this energy-efficient fuel to hit emissions standards and clean up the air. This helps manufacturers adopt Green Ammonia, which replaces dependency on natural gas and minimizes harmful emissions while providing a low and reduced environmental impact. Because this commodity chemical is also used to produce fertilizer, it plays a role in sustainable agriculture. Green Ammonia, for instance, can serve as a fuel for various technologies such as fuel cells, gas turbines, and internal combustion engines, enabling it to be a feasible replacement of conventional fuels in electricity production and industrial applications. Data is not acceptable for human errors.

Due to the rising research and development activities, the global green ammonia market is growing significantly. Most notably, the Energy Technology Development and Demonstration Program (EUDP) in the European Union is sponsoring a big green ammonia effort led by Skovgaard Invest, Vestas, and Haldor Topsoe. This project directly invests USD11.9 billion in a 10 MW green ammonia plant connected to local wind and solar power generation. In addition, in August 2022, Carlyle and GIC, two of the world’s largest investment firms, announced a strategic investment in Eneus, a green ammonia project development firm, to back the development of a pipeline of green ammonia projects totaling over 14GW. Also, renewable energy company ACME Group will invest USD6 billion in the production of green Ammonia. These developments highlight the increasing industry momentum towards sustainable ammonia production.

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Market Challenges

Green Ammonia is an environmentally friendly substitute for traditional fossil fuels and has gained much attention from industry players working towards carbon neutrality and lowering their ecological footprint. In addition, hydrogen will be a transportation fuel, industrial feedstock, and marine fuel, making it a hydrogen carrier and energy storage solution. Nonetheless, there are challenges to decarbonizing ammonia production with renewable energy sources like wind and solar because, for example, there are emissions from electrolyzer technology, such as alkaline water electrolysis. Green Ammonia is produced from renewable energy sources, which are vital for reducing greenhouse gas emissions and promoting environmental sustainability across power, agriculture, and manufacturing facilities. In the transportation sector, it has the potential to serve as an emission-free fuel to replace dependency on natural gas in gas turbines, internal combustion engines, and industrial furnaces, alongside usage in fuel cells for electric vehicles. In addition, green Ammonia can be used as a sustainable alternative to traditional fertilizers, helping to reduce the environmental impact of agriculture and improving air quality. Growing emissions restrictions also strengthen green ammonia projects, allowing businesses across various industries to transition to clean energy and low carbon emissions. Thus, it is a widely applicable commodity chemical. However, environmentally hazardous issues must be overcome, and the safety and efficiency of green ammonia production and transport systems must be ensured.

Green hydrogen produced from renewable energy sources costs more upfront than gray hydrogen because of the fixed cost of establishing a plant. Green hydrogen costs 2-3 times that of gray hydrogen on average. Furthermore, fuel cells utilizing green hydrogen are roughly 1.5 to 2 times the cost of their fossil fuel equivalents. As a synthetic fuel, green hydrogen is 5-7 times more expensive than fossil jet fuel. As per the Energy and Resources Institute (TERI), green hydrogen comes at a production cost of about USD5 to USD6 per kg. At this rate, green hydrogen is not cost-competitive enough to become a fuel source for industries like steel, fertilizer, and long-range shipping.

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Segmentation of the Global Green Ammonia Market

By Technologies

  • Alkaline Water Electrolysis
  • Proton Exchange Membrane
  • Solid Oxide Electrolysis

By End Users

  • Transportation
  • Power Generation
  • Industrial Feedstock

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Power generation: The demand for electricity is propelled by population growth and urbanization worldwide, notably in India and China. This trend is driving governments across the globe to invest in ensuring an uninterrupted supply of electricity to gain a competitive edge in the power generation sector. The growing urban population, a significant market growth factor in the forecast period, will continually drive demand for power generation.

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Research Analysis

The world is increasingly moving toward renewable energy and carbon neutrality, which will likely further boost the Green Ammonia market. Ammonia, a commodity chemical synthesized from generating nitrogen and hydrogen, is rising as a practical fuel and hydrogen carrier, realizing little greenhouse gas emissions during combustion. Green Ammonia is produced using electrolysis from renewable energy sources (like wind and solar power), ensuring its minimal ecological footprint. Due to its energy density, these abilities have contributed to its popularity as a popular energy storage medium and a great candidate for shipping and marine fuel transportation. It is also used as an organic fertilizer, avoiding conventional fertilizers with large carbon footprints. Green Ammonia is a real option for gas turbines, internal combustion engines, and industrial furnaces with significant air quality emissions reductions.

Their applications in power generation and as hydrogen carriers for energy storage are also growing. The push for environmental sustainability has been a major factor in the demand for green Ammonia, and emissions regulations continue to support it. Alkaline water electrolysis technology is a cheap way to produce green Ammonia and is a good alternative to conventional Ammonia. Green Ammonia is a highly significant commodity chemical with diverse applications, such as being utilized in the manufacture of cleaner fertilizers, as a fuel for shipping, and as a fuel for electricity generation and industrial processing. It is a fundamental part of a sustainable energy future due to its capacity to store energy and reduce greenhouse gas emissions.

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Market Research Overview

Green Ammonia is an environmentally friendly industrial chemical that can replace the standard Ammonia, traditionally derived from fossil fuels, with one manufactured using renewable energy sources. A hydrogen carrier and energy storage medium, it is central to decarbonizing multiple sectors. Green Ammonia plays a significant role in achieving carbon neutrality by decarbonizing applications such as power generation, transportation fuel, and industrial feedstock that emit greenhouse gases. With alkaline water electrolysis, no carbon emission is involved in its manufacturing method so that air quality can be improved. As farmers and agronomists seek ways to make earth-friendly fertilizers, Green Ammonia offers a path to a sustainable fuel, replacing nitrogen-based fertilizers with lower environmental impacts. In the transportation sector, it is used to power gas turbines, internal combustion engines, and fuel cells in ships and trucks as a clean energy source, helping to decrease the carbon footprint of the maritime and transportation industries. Green Ammonia projects are helping to facilitate this transition to an economy increasingly powered by renewable energy sources while mitigating the company’s exposure to the volatility of natural gas dependency.

Table of Contents:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Historic Market Size
  • Five Forces Analysis
  • Market Segmentation
    • By Technologies
      • Alkaline Water Electrolysis
      • Proton Exchange Membrane
      • Solid Oxide Electrolysis
    • By End Users
      • Transportation
      • Power Generation
      • Industrial Feedstock
    • By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa
  • Customer Landscape
  • Geographic Landscape
  • Drivers, Challenges, and Trends
  • Company Landscape
  • Company Analysis
  • Appendix

What are the aspects covered in this market research and growth report?

  1. The industry is expected to grow at a CAGR during the forecast period.
  2. Which factors are responsible for Market growth and forecasting for 2024 to 2030
  3. It accurately estimates the size of the market and its contribution to the industry, focusing on the parent market.
  4. Predictions about future growth, trends, and shifts in consumer behavior
  5. Europe, North America, APAC, South America, Middle East and Africa
  6. Comprehensive analysis of the market’s competitive landscape and detailed company information.
  7. Analyzing factors that will have an impact on the market growth of industry companies