Global Clean Ammonia (Blue and Green) Market TOC
By Type
By Technology
By Application
By Geography
By Type
By Technology
By Application
By Country
By Type
By Technology
By Application
By Country
By Type
By Technology
By Application
By Country
By Type
By Technology
By Application
By Country
By Type
By Technology
By Application
By Country
Clean Ammonia (Blue and Green) Market size is estimated to reach USD 71.6 Billion by the end of 2035, growing at a CAGR of 35.68% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of clean ammonia (blue and green) was USD 1.3 Billion. The growth of the market can be attributed to the growing need to minimize greenhouse gas emissions. Blue low-carbon ammonia is equivalent to ordinary grey ammonia when used in conjunction with carbon capture, which has the potential to reduce greenhouse gas emissions by more than 90%. Therefore, the clean carbon is been leverages at various sectors in order to reduce the overall emissions.
In addition to these, factors that are believed to fuel the market growth of clean ammonia (blue and green) are rising company’s efforts to advance the technology that manufactures the ammonia even more efficiently. Tsubame BHB is developing catalyst technology that can work at low pressure, making it suitable for the use of electrolytic hydrogen manufactured at normal pressure. The company is also conducting small-scale testing and aims to begin selling modular units with catalysts in 2024.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
35.68% |
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Base Year Market Size (2022) |
USD 1.3 Billion |
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Forecast Year Market Size (2035) |
USD 71.6 Billion |
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Regional Scope |
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Type (Green, Blue)
Clean ammonia (blue and green) market from the blue segment is estimated to record at a CAGR of 33.65% over the forecast period. The growth of the segment can be attributed to the rising investment in clean energy and the growing need to reduce carbon emissions from the transportation sector. In 2021, the investment in clean energy is expected to surpass USD 1.7 trillion and mostly will be dedicated to the production of oil. The investment influx will increase the capacity of the facilities and thus boost the production of blue ammonia in the world.
Application (Agriculture, Power & Energy, Food & Beverage, Pharmaceutical, Beauty & Personal Care, Mining & Metallurgy)
The agriculture segment in the clean ammonia (blue and green) market is expected to surpass USD 39.6 billion in the year 2035 by growing at a CAGR of 35.10% over the forecast period. Rising demand for fertilizers to boost food production is majorly driving the growth of the segment. Ammonia is one of the best fertilizers used by farmers, it helps in replenishing the nitrogen present in the soil. Anhydrous ammonia is the most commonly used ammonia fertilizer in the agricultural sector. Moreover, the need to reduce the carbon emissions from the agricultural sector is also expected to drive the segment’s growth. The use of green hydrogen can minimize carbon emissions by approximately 90%, especially for small grain and corn crops.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Technology |
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Application |
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APAC Market Forecast
The clean ammonia (blue and green) market in Asia Pacific is projected to be the largest revenue of USD 30.7 billion by the end of 2035. The market in the region is to rise at a CAGR of 36.16% over the projected time frame. The growth of the market in the region can be attributed majorly to the substantial trial of ammonia by incorporating the energy to support the decarbonization goals. Japan plans to use 3 million tonnes (Mt) of ammonia by 2030, which would cofire approximately six GW of power stations powered by coal at a 20 percent cofiring rate. Furthermore, government initiatives to boost the production of green hydrogen are also expected to drive market growth in the region. The Union Cabinet authorized the National Green Hydrogen Mission on January 4, 2022, with the stated goal of making India a world leader in the production and supply of green hydrogen.
Europe Market Statistics
The European clean ammonia (blue and green) market is estimated to be the second largest, it is likely to grow at a CAGR of 35.27% over the forecast period and it will register a market value of USD 16.4 billion by the end of 2035. The market growth in Europe is majorly dependent on the presence of large facilities for ammonia production, this will support the production of both green and blue ammonia. In the EU-27, there are around 32 ammonia factories currently operational. When these facilities are operational at their best, it has the capability to produce nearly 18 million tonnes of ammonia every year. Netherlands and Germany have one of the largest production plants of ammonia.
Author Credits: Payel Roy, Dhruv Bhatia
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