IMARC Group, a leading market research company, has recently releases report titled “Green Ammonia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033,” The study provides a detailed analysis of the industry, including the global green ammonia market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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Report Highlights:
How big is the green ammonia market?
The global green ammonia market size was valued at USD 445.7 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 34,261.8 Million by 2033, exhibiting a CAGR of 62.01% during 2025-2033.
Factors Affecting the Growth of the Green Ammonia Industry:
Global push for carbon neutrality:
As countries and corporations set ambitious targets to reduce carbon footprints, there is a rising inclination towards adopting cleaner energy sources. Green ammonia, produced by splitting water into hydrogen and oxygen using renewable energy sources instead of fossil fuels, offers a viable solution. Its production process, relying on water electrolysis powered by wind, solar, or hydroelectric energy, emits no carbon dioxide, making it an attractive alternative to conventional ammonia production methods, which are among the largest industrial contributors to global CO2 emissions. This demand is further supported by international agreements like the Paris Agreement, which compels signatory countries to reduce their environmental impact, thereby driving investments in the production of green ammonia.
Advancements in electrolysis technologies:
Technological innovations in electrolysis, essential for the production of hydrogen from water, are pivotal in driving down the costs and improving the efficiency of green ammonia production. Modern electrolyzers have become more efficient, durable, and capable of operating with fluctuating power inputs, which is typical of renewable energy sources. The development of solid oxide and proton exchange membrane electrolyzers has facilitated higher energy efficiencies, which in turn reduces the overall energy requirement and cost of green ammonia production. As these technologies advance, the economic feasibility of green ammonia becomes more compelling, strengthening the market growth.
Increasing demand from agriculture and energy sectors:
In the agriculture industry, ammonia acts as a critical element in fertilizers, which are essential for meeting the global food supply needs. The transition to green ammonia in fertilizer production helps reduce agricultural carbon emissions and aligns with the sustainable practices increasingly demanded by both governments and consumers. Furthermore, the potential of green ammonia as a carbon-free fuel for power generation and maritime transport is aiding in market expansion. Its ability to be liquified at relatively low pressure and transported or stored using existing infrastructure makes it a promising alternative fuel. The energy sector’s exploration into green ammonia for energy storage and as a medium for hydrogen transport underscores its dual utility as both a chemical and an energy carrier, thereby bolstering the market growth.
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