Green Ammonia Market Growth, Key Trends, Drivers, and Forecast for 2025–2032

1. Green Ammonia Market Future Prospects Market Analysis, Trends, and Growth Opportunities Source: P&S Intelligence

2. Market Overview The global green ammonia market was valued at USD 781.92 million in 2024. It is projected to grow at a CAGR of 67.52% during 2025–2032, reaching USD 48,215.42 million by 2032. Key drivers include: • Increasing environmental concerns • Rising awareness of sustainable fuels • Expansion of green ammonia projects in Oceania, Mauritania, and Oman

3. Market Growth Trends • Green ammonia demand is linked to the global shift toward sustainable energy. • Many countries aim to use green ammonia as an energy carrier to reduce carbon emissions. • By 2050, NH3 demand is expected to reach 688 million tonnes, with 566 million tonnes being green ammonia. • The maritime sector is adopting green ammonia to reduce emissions and protect aquatic biodiversity.

4. Key Market Trends 1. Technological Innovations: • Advances in solid-oxide electrolysis and hybrid energy systems. • Development of efficient catalysts for hydrogen production. • Integration of AI and IoT for real-time monitoring. 2. Growing Demand for Sustainability: • Shift from fossil-fuel-based ammonia to eco-friendly alternatives. • Adoption in agriculture, power generation, and marine fuel industries.

5. Market Drivers • Governments and corporations are committed to net-zero emissions by 2050. • Green ammonia is produced using renewable energy (solar/wind) through water electrolysis. • The use of green ammonia in fertilizers supports sustainable agriculture. • EU, North America, and APAC are prioritizing green ammonia due to legally binding net-zero targets.

6. Green Ammonia in the Maritime Industry • Ships and ports contribute ~3% of annual GHG emissions. • Green ammonia adoption is driven by new maritime decarbonization policies. • The International Maritime Organization (IMO) targets net-zero emissions in international shipping by 2050. • Marine fuel standards are pushing the adoption of green ammonia as an alternative fuel.

7. Production Method Analysis • Alkaline-Water Electrolysis (AWE) dominated in 2024 with a 55% market share. • Investments in hydrogen infrastructure are driving AWE-based green ammonia production. • Solid-Oxide Electrolysis is the fastest-growing method due to higher hydrogen output and energy efficiency.

8. End-Use Analysis • Fertilizers are the largest application, accounting for 70% of ammonia usage. • Green ammonia is gaining traction in agriculture due to decarbonization efforts. • Transportation is the fastest-growing segment (CAGR 71.43%), driven by demand for zero-carbon fuels. • Green ammonia is being explored as a clean fuel for ships, trucks, and heavy-duty vehicles.

9. Geographic Market Outlook • Europe dominates the market with a 35% share in 2024 due to ambitious carbon reduction targets. • The EU’s RePowerEU initiative aims to produce/import 20 million tonnes of renewable hydrogen by 2032. • APAC is the fastest-growing market (~70% CAGR), driven by stringent regulations and net-zero commitments. • Japan is aggressively investing in hydrogen and ammonia imports to achieve carbon neutrality by 2050.

10. Major Players in the Green Ammonia Market • Yara International ASA • Hy2gen AG • ACME Group • Siemens Energy • Hygenco Green Energies Private Limited • thyssenkruppnucera AG & Co. KGaA • CF Industries Holdings Inc. • Eneus Energy Limited