Clean Ammonia (Blue and Green) Market Size by Research Nester Reveals the Market to Grow with a CAGR of 35.68% During 2023-2035

Research Nester’s recent market research analysis on “Clean Ammonia (Blue and Green) Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global clean ammonia (blue and green) market in terms of market segmentation by type, technology, application, and by region.

Growing Concern for the Growing Carbon Emissions to Promote Global Market Share of Clean Ammonia (Blue and Green)

The global clean ammonia (blue and green) market is estimated to grow majorly on account of the desperate need to reduce the emission of carbon and high pollution levels from the transportation sector. Blue or green hydrogen is a highly flexible fuel with a wide range of applications since it is produced in a way that does not emit harmful CO2 emissions. Blue ammonia is produced through a process that involves steam methane reforming (SMR) or auto-thermal reforming (ATR) to extract hydrogen from natural gas or other hydrocarbon sources. To fulfill the motive of achieving net carbon emission, the transportation sector is proactively working to shift towards hydrogen vehicles. In Japan, the use of hydrogen has already been implemented to fuel the buses.

Some of the major growth factors and challenges that are associated with the growth of the global clean ammonia (blue and green) market are:

Growth Drivers:

• Emissions of Greenhouse Gases from the Transportation Sector
• Rising Demand for Ecologically Friendly Fertilizers

Challenges:

Renewable energy generation capacity is currently insufficient to sustain both green ammonia synthesis and grid restocking. As a result, the use of green ammonia as a clean fuel may be constrained by its high cost and low production volume. However, the blue ammonia might be produced in large quantities and at lower prices in the near to medium term, only if current ammonia plants with carbon capture and storage facilities had been upgraded and future ammonia plants were built with CCUS. The growing production of blue ammonia will also boost the use of green ammonia, which may also aid in the early acceptance of low-carbon ammonia fuel.

Access our detailed report at: https://www.researchnester.com/reports/clean-ammonia-market/5261

By type, the global clean ammonia (blue and green) market is segmented into blue and green. The blue segment is expected to have the greatest market share in 2035, with a CAGR of 33.65% over the period of forecasting. The growing development of a new production facility dedicated to blue hydrogen is expected to drive the growth of the segment. ADNOC has announced to construction of a blue ammonia project at a global level. The agreement has been signed between ADNOC and the leadership of UAE to explore supply opportunities for blue hydrogen and hydrogen carrier fuels such as blue ammonia.

By region, the market in North America, amongst the market in all the other regions, is projected to expand at a CAGR of 34.98% and hold a market revenue of USD 14.7 billion by the end of 2035. The growth of the market in the region can be attributed majorly to the growing capacity of ammonia manufacturing plants. The natural gas-fed ammonia plant makes up 92% of total US ammonia output, which ranks third in the world following China and Russia. The higher output of natural gas has boosted the expansion of ammonia capacity in the United States.

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.