Clean Ammonia (Blue and Green) Market size worth USD 71.6 Billion by 2035

New York – September 29, 2022 - Research Nester Analytics LLC ’s recent market research report on Clean Ammonia (Blue and Green)Market: Global Demand Analysis & Opportunity Outlook 2035delivers a detailed competitor’s analysis and a detailed overview in terms of market segmentation by type, technology, application, and by region.

Rising Mining and Metallurgical Activities to Drive Growth of Global Clean Ammonia (Blue and Green) Market

The growth of the market is primarily expected on account of rising mining activities, especially of rare minerals and earth metals. The ammonium salt mixture has been recognized as an effective lixiviant for use in hydrometallurgical operations. Many metals can be removed using an ammonia/ammonium mixture. Moreover, several activities in a mining process introduce ammonia into the effluent. Furthermore, the growing capacity of energy storage systems has increased the demand for clean ammonia. Ammonia is a prominent stabilizer for preserving and delivering energy from renewable power plants, guaranteeing that power is available when and where it is needed. Currently, the world is rapidly shifting towards renewable energy sources, such as solar and wind energy, therefore the need for efficient storage has become increasingly important.

Access our detailed report on “Clean Ammonia (Blue and Green) Market Size & Share, by Type (Green, Blue); Technology (Water Electrolysis, Methane Pyrolysis, Steam Methane Reforming (SMR), Autothermal Reforming (ATR), Dry Methane Reforming (DMR), Partial Oxidation); Application (Agriculture, Power & Energy, Food & Beverage, Pharmaceutical, Beauty & Personal Care, Mining & Metallurgy)- Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2022-2035”

https://www.researchnester.com/reports/clean-ammonia-market/5261

Much larger amounts will be necessary if ammonia is to make a major contribution to the decarbonization of the transportation, industrial, and power generation sectors. According to the International Centre for Sustainable Carbon, the present level of global ammonia production is around 180 Mt/y; 10% of this amount is exported globally, and the other eighty percent goes to use as fertilizer.

By application, the global clean ammonia (blue and green) market is segmented into agriculture, power & energy, food & beverage, pharmaceutical, beauty & personal care, and mining & metallurgy.  The agriculture segment is estimated to generate USD 39.6 billion in market revenue in 2035, rising at a CAGR of 35.10% over the period of prediction. Ammonia has the highest nitrogen content of any practical fertilizer, establishing a ubiquitous building block of Nitrogen despite any potential threats it poses and the safety precautions required to use it. Blue ammonia has the ability to decarbonize the fertilizer sector at a low cost by harnessing low-cost natural gas, as well as to decarbonize combustion fuels in future generations. It is one of the critical growth factors of the agriculture segment.

By region, Over the forecast period of 2023-2035, the North American clean ammonia (blue and green) market is estimated to develop at a CAGR of 34.98%. The North American market is expected to be worth USD 302.4 million in 2022 and USD 14.7 billion by the end of 2035. Rising initiatives taken by the government to achieve net carbon goals by boosting the use of pure ammonia are majorly augmenting the market growth in the region. The government of Canada launched the Alberta Petrochemicals Incentive Programme that is implemented to accept the application of the projects of blue ammonia production which has a minimum CAPEX of USD 38 million. The government also announced incentives of up to 12% of the total cost of the project.

This report also provides the existing competitive scenario of some of the key players of the global clean ammonia (blue and green) market which includes company profiling of CF Industries Holdings, Inc., Nutrien Ltd., Yara International ASA, Air Liquide Engineering & Construction, Aramco, Abu Dhabi National Oil Company (ADNOC), ITOCHU Corporation, Siemens Energy, BASF SE, Casale SA, and Hydrofuel Inc.

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