The Green Ammonia Market size by Volume was valued at 1.4 Million Tonnes. in 2021 and is expected to grow by 20% from 2022 to 2029, reaching nearly 6.02 Million Tonnes.
Pune, March 03, 2023 (GLOBE NEWSWIRE) — Maximize Market research, a global Material & Chemical business consulting and research firm, based out of India has published a global intelligence report on the “Green ammonia Market”. The report is a combination of primary and secondary data and the domain expert has analyzed the Green ammonia Market from a global as well as a regional perspective. The total market opportunity for Green ammonia Market was USD 1.4 Mn Tonnes in 2021 and is expected to grow at a CAGR of 20 percent through the forecast period to reach USD 6.02 Mn Tonnes by 2029.
| Market Size in 2021 | USD 1.4 Mn Tonnes |
| Market Size in 2029 | USD 6.02 Mn Tonnes |
| CAGR | 20 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 272 |
| No. of Tables | 125 |
| No. of Charts and Figures | 120 |
| Segment Covered | Technology and End-user |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Green Ammonia Market Scope and Research Methodology
The report is an analysis on the Green ammonia Market by region, segment and competitive landscape. For the better understanding of the global factors affecting the Green ammonia Market, the report presents drivers, challenges, restraints and opportunities prevailing in the Green ammonia Market. Key insights such as the Green ammonia market share and market presentation are presented in the report with the help of figures and tables. The report covers the current trends prevailing in the market along with estimations about future trends to help understand investors identify investment pockets and opportunities in the Green ammonia Market.
The report is equipped with a competitive analysis of the Green ammonia Market. Key players and new entrants in the Green ammonia Market are listed together. Demand and pricing analysis is conducted to understand changes in consumer behaviour and the risks for the forecast period that help plan production and costing of the Green ammonia.
The analysis aids new entrants to understand the Green ammonia Market for growth prospects and future business outlooks. A detailed analysis is also conducted on various government schemes, policies and subsidies that make the Green ammonia Market a lucrative option with growth opportunities. Such analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Green ammonia Market for formulating investment approaches and marketing tactics.
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The bottom-up approach was employed to validate the Green ammonia market size in terms of value and volume by different segments of the product. SWOT analysis was conducted to provide the strengths and weaknesses of the Green ammonia Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Green ammonia Market. Thus the report provides a detailed overview of the Green ammonia Market.
Green ammonia market Overview
Ammonia made from green hydrogen, which is obtained through a carbon-free process is known as Green Ammonia. Green ammonia is carbon-free and completely renewable and employ hydrogen in emission free fuel cells and turbines. Demand for Green Ammonia in agrochemical procedures for green and sustainable products are expected to drive the Green ammonia market growth.
Green Ammonia Market Dynamics
Demand for Eco-friendly fertilizers in agricultural production to sustain soil quality and reduce carbon pollution the market for organic fertilizer is expected to drive the green ammonia market. Increasing technological advancement and developments in green ammonia, has potential to be used in variety of applications especially in the fertilizer industry. It has huge demand in shipping and marine fuel in the transportation industry as it has no sulphur traces, reduces emissions and improves air quality. Adoption of strict government regulations and increasing popularity of green fertilizers are the factor responsible for the growth of Green ammonia. Increasing government and private expenditures and rapidly declining cost of producing renewable power is expected to fuel the growth of the Green ammonia market over the forecast period.
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However, lack of knowledge regarding green ammonia as well as equipment to be used in its manufacturing are the factors expected to restrain the Green ammonia market growth.
Green ammonia market Regional Insights
The European region held the largest Green ammonia market share in 2021. Increased adoption of technological improvements in Spain and Germany are expected to lead the regional Green ammonia market growth. European region is having facility for the wide range of production with many manufacturing locations. Investment in the green hydrogen and a rising focus on the development of renewable fuel for transportation and power generation sector are expected to fuel the Green ammonia market growth.
Asia Pacific region is expected to grow at the rapid growth rate during the forecast period. Strict government regulation in the region and challenging zero carbon ambition are expected to drive the regional Green ammonia market growth.
Green ammonia market Segmentation
By Technology:
- Alkaline Water Electrolysis (AWE)
- Proton Exchange Membrane (PEM)
- Solid Oxide Electrolysis (SOE)
By End User:
- Transportation
- Power Generation
- Industrial Feedstock
- Others
Green Ammonia Market Key Players include:
- Enapter GmbH
- Green Hydrogen Systems
- Haldor Topsoe A/S
- Hiringa Energy Ltd.
- Hydrogenics (Cummins Inc.)
- ITM Power Plc
- Man Energy Solutions SE
- MCPHY Energy SAS
- Nel Hydrogen AS
- Queensland Nitrates Pty Ltd.
- Siemens AG
- Thyssenkrupp Industrial Solutions AG
- Uniper SE
- Yara International ASA
- Proton Ventures BV
- Grieg Edge AS
- CF Industries Holdings, Inc.
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Key questions answered in the Green Ammonia Market are:
- What is Green ammonia
- What was the Green ammonia market size in 2021?
- What is the growth rate of the Green ammonia Market?
- Which are the factors expected to drive the Green ammonia market growth?
- Which segment dominated the Green ammonia market growth?
- What is the demand pattern for the Green ammonia market?
- Which region held the largest share in the Green ammonia market?
- Who are the key players in the Green ammonia market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Technology and End user
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Material & Chemical research firm, has also published the following reports:
Sulphite Ammonia Caramel Market: The total market size is expected to reach USD 4.36 Bn by 2029 from USD 2.66 Bn in 2021, at a CAGR of 6.4 percent during the forecast period. Growing food & beverage industry demand to make more appeal to consumers and allow consumers to identify taste is expected to drive the market growth.
Ammonia Market: The total market size was valued at 178188.20 kilotons in 2021, and it is expected to reach 209596.02 kilotons by 2029 with a CAGR of 2.05 percent during the forecast period. Demand for ammonia in the agricultural industry associated with the consumption of food via growth in population is the factor expected to drive the market growth.
Blue Hydrogen Market: The total market size was valued at USD 1.01 Bn in 2021 and is expected to reach USD 2.68 Bn by 2029 with a growth rate of 12.89 percent CAGR during the forecast period. Increased hydrogen use in fuel cell vehicles and some government regulations are expected to boost market growth.
Ammonium Thiosulfate Market: The total market size was valued at USD 345.28 Mn in 2021 and is expected to grow at CAGR 5.74 percent from 2022 to 2029, reaching nearly USD 539.62 Mn. Use of Ammonium Thiosulfate Fertilizer in Agricultural applications, Industrial applications, and other industries are expected to influence market growth.
Ammonium Acetate Market: The total market size is expected to reach USD 30.22 Bn by 2029, at a CAGR of 7.1 percent during the forecast period. Increasing use of natural additives instead of synthetic additives in foods & beverages industry are expected to fuel the market growth.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
CONTACT: Contact Maximize Market Research: 3rd Floor, Navale IT Park, Phase 2 Pune Banglore Highway, Narhe, Pune, Maharashtra 411041, India [email protected] +91 96071 95908, +91 9607365656
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