블루 암모니아 시장 규모, 점유율, 성장 분석, 생산 방법별, 용도별, 최종 용도 산업별, 지역별 - 산업 예측(2024-2031년)

Global Blue Ammonia Market size was valued at USD 13.30 million in 2022 and is poised to grow from USD 14.00 million in 2023 to USD 21.17 million by 2031, growing at a CAGR of 5.3% during the forecast period (2024-2031).

The burgeoning interest in ammonia as a viable energy solution is a direct consequence of the increasing demand for hydrogen fuel alternatives. As a versatile energy carrier, ammonia can easily be reconverted into gas for use in fuel cells powering vehicles and other clean-burning equipment. The emerging trend towards blue ammonia-produced through processes that capture carbon emissions-offers an effective pathway for reducing carbon footprints across the energy and transportation sectors, aligning with the global commitment to attain net-zero emissions by 2031. Key drivers of the blue ammonia market include its compatibility with the growing electricity and transportation industries, which are among the largest consumers of fuel and energy. The advancement of carbon capture technology further enhances its attractiveness, facilitating the production of blue ammonia with significantly lower emissions compared to traditional methods. Moreover, substantial investments from governments and corporations worldwide in low or zero-carbon technologies underscore the momentum behind this market. As the transportation and electricity sectors continue to expand, growth is also anticipated in mining, agriculture, and chemicals, presenting ample opportunities for blue ammonia. Investments in research and development aimed at optimizing production efficiency and cost will further boost market growth. Additionally, the establishment of a robust infrastructure for the production, storage, and transportation of blue ammonia is expected to yield significant market opportunities, making it a cornerstone in the transition to sustainable energy solutions.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Blue Ammonia market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Blue Ammonia Market Segmental Analysis

Global Blue Ammonia Market is segmented by production method, application, end use industry and region. Based on production, the market is segmented into steam methane reforming (SMR) (with carbon capture, without carbon capture), autothermal reforming (ATR) (with carbon capture, without carbon capture) and partial oxidation (POX) (with carbon capture, without carbon capture). Based on application, the market is segmented into fertilizers (nitrogen fertilizers, compound fertilizers), industrial chemicals (hydrogen production, nitric acid production), power generation (fuel for power plants, hydrogen fuel cells), transportation (marine fuel, heavy-duty vehicles) and others (refrigeration, explosives). Based on end use industry, the market is segmented into agriculture (crop production, soil fertility management), chemical industry (chemical synthesis, industrial processes), energy sector (renewable energy integration, energy storage), transportation (shipping, heavy transport) and others (pharmaceuticals, textiles). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Blue Ammonia Market

One of the key drivers of the global blue ammonia market is its increasing adoption in the transportation sector. As this industry is a major consumer of energy and fuel, it is also a significant contributor to global carbon emissions. The integration of blue ammonia as a low-carbon fuel alternative presents a promising solution to mitigate environmental impacts by lowering carbon footprints. By providing a cleaner option for powering vehicles and shipping, blue ammonia helps to address the urgent need for sustainable energy sources in transportation, thus driving its demand and facilitating a shift towards greener practices worldwide.

Restraints in the Global Blue Ammonia Market

The global blue ammonia market faces several constraints, predominantly due to high production costs. The process of manufacturing blue ammonia involves utilizing fossil fuels combined with carbon capture technology, which considerably escalates the overall production expenses. This financial burden makes blue ammonia less competitive when compared to traditional ammonia, which is produced through a more carbon-intensive and cost-effective method. As a result, the increased costs associated with blue ammonia production pose a significant challenge for its market adoption and growth, potentially hindering its appeal to buyers who are sensitive to pricing in a competitive global landscape.

Market Trends of the Global Blue Ammonia Market

The global blue ammonia market is witnessing a significant upward trend driven by increased infrastructure investments aimed at meeting surging demand. Companies are channeling resources into the construction of advanced production facilities, extensive pipeline networks, and robust storage systems essential for efficient blue ammonia production, transportation, and storage. This strategic focus on infrastructure not only enhances operational efficiency but also establishes a resilient supply chain, facilitating the transition towards sustainable energy solutions. As nations and industries prioritize decarbonization, the demand for blue ammonia as a hydrogen carrier and carbon-neutral fertilizer is set to increase, thereby propelling market growth in the coming years.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Regulatory Landscape
• Case Studies

Global Blue Ammonia Market Size by Production Method & CAGR (2024-2031)

• Market Overview
• Steam Methane Reforming (SMR)
  • With Carbon Capture
  • Without Carbon Capture
• Autothermal Reforming (ATR)
  • With Carbon Capture
  • Without Carbon Capture
• Partial Oxidation (POX)
  • With Carbon Capture
  • Without Carbon Capture

Global Blue Ammonia Market Size by Application & CAGR (2024-2031)

• Market Overview
• Fertilizers
  • Nitrogen Fertilizers
  • Compound Fertilizers
• Industrial Chemicals
  • Hydrogen Production
  • Nitric Acid Production
• Power Generation
  • Fuel for Power Plants
  • Hydrogen Fuel Cells
• Transportation
  • Marine Fuel
  • Heavy-Duty Vehicles
• Others
  • Refrigeration
  • Explosives

Global Blue Ammonia Market Size by End Use Industry & CAGR (2024-2031)

• Market Overview
• Agriculture
  • Crop Production
  • Soil Fertility Management
• Chemical Industry
  • Chemical Synthesis
  • Industrial Processes
• Energy Sector
  • Renewable Energy Integration
  • Energy Storage
• Transportation
  • Shipping
  • Heavy Transport
• Others
  • Pharmaceuticals
  • Textiles

Global Blue Ammonia Market Size & CAGR (2024-2031)

• North America, (Production Method, Application, End Use Industry)
  • US
  • Canada
• Europe, (Production Method, Application, End Use Industry)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Production Method, Application, End Use Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Production Method, Application, End Use Industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Production Method, Application, End Use Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Yara International (Norway)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CF Industries Holdings, Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nutrien Ltd. (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Saudi Arabian Fertilizer Company (SAFCO) (Saudi Arabia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• OCI N.V. (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Abu Dhabi National Oil Company (ADNOC) (UAE)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Linde plc (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Air Products and Chemicals, Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Thyssenkrupp AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BASF SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• IHI Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sumitomo Chemical Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toyo Engineering Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ma'aden (Saudi Arabia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Qatar Fertiliser Company (QAFCO) (Qatar)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Petronas Chemicals Group Berhad (Malaysia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SABIC (Saudi Arabia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Haldor Topsoe A/S (Denmark)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ENGIE (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation