Clean Ammonia Market Segmentation:
Type Segment Analysis
Blue segment is expected to hold remarkable Clean ammonia (blue and green) market share by the end of 2035. 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 Segment Analysis
Agriculture segment in clean ammonia (blue and green) market is poised to capture substantial revenue share by 2035. 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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