Green Ammonia Market Size Worth USD 32,572.91 Million By 2032 | CAGR: 69.6%

The global green ammonia market size is expected to reach USD 32,572.91 million by 2032, according to a new study by Polaris Market Research. The report “Green Ammonia Market Size, Share, Trends, Industry Analysis Report: By Technology (Solid Oxide Electrolysis, Proton Exchange Membrane, and Alkaline Water Electrolysis), End Use, and Region; Market Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The green ammonia market is rapidly emerging as a pivotal sector in the global transition toward sustainable energy and agricultural practices. Green ammonia, produced using renewable energy sources such as wind, solar, or hydropower, is synthesized by the Haber-Bosch process, where nitrogen from the atmosphere is combined with hydrogen derived from the electrolysis of water. This method contrasts sharply with conventional ammonia production, which relies heavily on fossil fuels, primarily natural gas, leading to significant greenhouse gas emissions. The increasing urgency to combat climate change has propelled green ammonia into the spotlight as a viable alternative that not only minimizes carbon footprints but also supports the decarbonization of multiple industries.

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One of the primary applications of green ammonia lies in agriculture, where it serves as a crucial ingredient in fertilizers. The global agricultural sector is under pressure to meet the food demands of a growing population, which is projected to reach nearly 10 billion by 2050. This is projected to fuel the demand for green ammonia. Traditional ammonia fertilizers have been associated with environmental issues, including soil degradation and water pollution due to runoff. In contrast, green ammonia presents an environmentally friendly solution, offering the potential to produce fertilizers that reduce these adverse effects. Additionally, the rising awareness of sustainable farming practices has driven farmers and agribusinesses to seek out eco-friendly alternatives, further boosting demand for green ammonia.

Green Ammonia Market Report Highlights

• In terms of technology, the proton exchange membrane segment dominated the market in 2023, primarily due to its high efficiency and rapid response to varying loads. Additionally, this technology supports higher purity levels of hydrogen, enhancing the quality of the green ammonia, which further solidifies its position in the market.
• The solid oxide electrolysis technology segment is expected to grow at a robust pace in the coming years, owing to its potential for high efficiency and scalability.

• The transportation segment, based on end use, held the largest revenue share owing to the urgent need for sustainable fuel alternatives in the shipping and logistics industries.
• The green ammonia market in Asia Pacific is projected to grow at a substantial pace during the forecast period owing to increasing industrialization and rising energy demands in countries like China and India.
• ACME Group; Yara; Siemens Energy; First Ammonia; Starfire Energy; ENGIE; CF Industries Holdings, Inc.; Uniper SE; Greenko Group; BASF; Allied Green Ammonia; McPhy Energy; Cummins Inc.; Enapter; Topsoe; FulePositive Corporation; Hygenco; LONGi; Hiringa Energy; Iberdrola, S.A.; and CEEC Global are a few global market players.

Polaris Market Research has segmented the green ammonia market report on the basis of technology, end use, and region:

By Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2024 - 2032)

• Solid Oxide Electrolysis
• Proton Exchange Membrane
• Alkaline Water Electrolysis

By End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2024 - 2032)

• Power Generation
• Transportation
• Fertilizer
• Refrigeration
• Others

By Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2024 - 2032)

• North America

• US
• Canada

• Europe

• Germany
• France
• UK
• Italy
• Spain
• Netherlands
• Russia
• Rest of Europe

• Asia Pacific

• China
• Japan
• India
• Malaysia
• South Korea
• Indonesia
• Australia
• Vietnam
• Rest of Asia Pacific

• Middle East & Africa

• Saudi Arabia
• UAE
• Israel
• South Africa
• Rest of Middle East & Africa

• Latin America

• Mexico
• Brazil
• Argentina
• Rest of Latin America

Green Ammonia Market Report Scope