그린 암모니아 시장 예측(-2030년) : 생산 기술별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Green Ammonia Market is accounted for $0.66 billion in 2024 and is expected to reach $71.79 billion by 2030 growing at a CAGR of 118.7% during the forecast period. Green ammonia refers to ammonia produced through a process that minimizes carbon emissions and environmental impact. Traditional ammonia production relies heavily on fossil fuels, particularly natural gas, which generates significant greenhouse gas emissions. In contrast, green ammonia is synthesized using renewable energy sources, such as wind, solar, or hydroelectric power, to electrolyze water into hydrogen, which is then combined with nitrogen extracted from the air through the Haber-Bosch process to produce ammonia. Green ammonia holds promise as a clean energy carrier, capable of storing and transporting renewable energy for various applications, including fertilizer production, fuel cells, and as a potential replacement for diesel in heavy-duty vehicles and ships.

According to the Food and Agriculture Organization, total fertilizer consumption from 2021 to 2022 grew by 5.4% year-on-year. According to Statistical Review of World Energy 2022, the total biofuel consumption in 2021 was 1,837 thousand barrels of oil equivalent per day worldwide.

Market Dynamics:

Driver:

Growing awareness about climate change

As the world grapples with the urgent need to reduce greenhouse gas emissions, industries are seeking cleaner alternatives to traditional energy sources. Green ammonia, produced using renewable energy sources such as wind and solar power, presents a promising solution. Additionally, its production emits zero carbon dioxide, making it an environmentally friendly alternative to conventional ammonia production methods, which rely heavily on fossil fuels.

Restraint:

Technology maturity

While the concept of green ammonia, produced using renewable energy in the Haber-Bosch process, holds immense promise for decarbonizing various sectors, including agriculture and transportation, its widespread adoption is impeded by technological limitations. Current production methods require significant energy input, hindering cost competitiveness compared to conventional ammonia production. Challenges persist in scaling up renewable energy sources and optimizing production processes for efficiency and cost-effectiveness. As a result, the green ammonia industry struggles to achieve economies of scale and attract sufficient investment for large-scale deployment.

Opportunity:

Growing demand for biofuels

Biofuel production often generates waste streams rich in nitrogen, a key component in ammonia synthesis, making it an ideal feedstock for green ammonia production. The emphasis on sustainability and reducing carbon emissions has prompted industries to seek alternative sources of ammonia, leading to increased interest in green ammonia derived from renewable sources. Furthermore, the use of biofuels can create synergies in integrated biorefineries, where ammonia can be produced alongside biofuels, optimizing resource utilization and enhancing overall efficiency.

Threat:

Lack of information among chemical manufacturers regarding green ammonia

Green ammonia, a crucial component in sustainable energy systems, holds immense potential for reducing carbon emissions. Its widespread adoption is impeded by a dearth of knowledge and awareness among manufacturers regarding its production and utilization. This lack of information encompasses various aspects, including the technological advancements required for efficient green ammonia synthesis, the economic viability of production processes, and the potential applications across industries. However, without comprehensive understanding and dissemination of this information, chemical manufacturers remain hesitant to invest in green ammonia production, limiting its availability and scalability.

Covid-19 Impact:

Initially, disruptions in global supply chains and a slowdown in economic activities hindered the growth of the market. Lockdown measures and travel restrictions led to delays in construction projects and hindered investments in green ammonia production infrastructure. Reduced demand for fertilizers and industrial chemicals, which are major end-users of ammonia, further dampened market prospects. However, the pandemic also highlighted the importance of sustainability and resilience, driving governments and industries to accelerate their transition towards greener energy sources.

The Solid Oxide Electrolysis (SOE) segment is expected to be the largest during the forecast period

Solid Oxide Electrolysis (SOE) segment is expected to be the largest during the forecast period by offering a sustainable pathway for ammonia production. SOE technology utilizes electricity to split water into hydrogen and oxygen, subsequently utilizing the hydrogen to synthesize ammonia via the Haber-Bosch process. Unlike conventional ammonia production methods reliant on fossil fuels, SOE-based production offers a greener alternative, as it can be powered by renewable energy sources like solar or wind. This approach significantly reduces carbon emissions associated with ammonia production, aligning with global efforts to combat climate change.

The Industrial Feedstock segment is expected to have the highest CAGR during the forecast period

Industrial Feedstock segment is expected to have the highest CAGR during the forecast period. Traditionally, ammonia production relies heavily on fossil fuels, contributing to greenhouse gas emissions and environmental degradation. With the increasing focus on sustainability and climate change mitigation, there's a growing demand for green alternatives. Industrial feedstocks such as renewable hydrogen derived from electrolysis powered by renewable energy sources like wind and solar are being utilized to produce green ammonia. This approach not only reduces carbon emissions but also ensures a more environmentally friendly production process.

Region with largest share:

Asia Pacific region commanded the largest share of the market over the extrapolated period due to the simultaneous rise in agricultural production and environmental consciousness. As agricultural activities escalate to meet the regional demands of a growing population, there's a parallel concern for sustainability and environmental impact. Green ammonia, produced through renewable energy sources and processes that minimize carbon emissions, presents a compelling solution across the region.

Region with highest CAGR:

Asia Pacific region is poised to hold profitable growth over the projection period. As the region strives to combat climate change and reduce carbon emissions, governments are implementing stringent regulations and policies aimed at promoting the adoption of clean energy alternatives. These regulations often include incentives such as subsidies, tax breaks, and mandates for renewable energy use, which encourage industries to transition towards green ammonia production across the region. Moreover, governments are actively investing in research and development initiatives to advance green technology and infrastructure, fostering innovation and market competitiveness throughout the Asia Pacific region.

Key players in the market

Some of the key players in Green Ammonia market include ACME Group, Air Liquide S.A., Ammonia Energy Association, BASF SE, CF Industries Holdings, Inc, Exxon Mobil Corporation, Greenfield Nitrogen LLC, Honeywell International Inc, Hydrogenics Corporation, Kawasaki Heavy Industries, Ltd, Mitsubishi Heavy Industries, Ltd, NextEra Energy, Inc, Siemens AG, TotalEnergies SE and Yara International ASA.

Key Developments:

In April 2023, Yara Clean Ammonia (Yara), a fertilizer and chemical company owned by Yara International ASA, and VNG, a gas company based in Leipzig, intend to collaborate closely in the field of clean ammonia, actively supporting the ambitious implementation plans outlined in the German Hydrogen Strategy.

In February 2023, Hyphen Hydrogen Energy signed an MoU with South Korea-based hydrogen producer Approtium and another major chemical company for its 1 million mt/year green ammonia plant in development in Namibia.

In November 2022, an industrial-scale ammonia cracker prototype, intended to combat climate change and lower carbon emissions, was developed by Siemens Energy in collaboration with Fortescue Future Industries, a manufacturer of green hydrogen, and GeoPura, a provider of renewable energy, electric vehicle charging, and emission-free electricity. 200 kg of hydrogen per day, or enough to power five to ten hydrogen fuel cell electric buses, would be delivered by the prototype using ammonia.

In October 2022, Greenko signed an agreement to supply 250,000 tons green ammonia to Germany-based Uniper. Greenko is the first India-based company to start exports from 2025 to jointly explore green ammonia and renewable energy opportunities to cater to the growing demand for low carbon energy in India, Singapore, and globally.

Production Technologies Covered:

• Alkaline Water Electrolysis (AWE)
• Solid Oxide Electrolysis (SOE)
• Proton Exchange Membrane (PEM)
• Other Production Technologies

End Users Covered:

• Power Generation
• Agriculture
• Transportation
• Industrial Feedstock
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Green Ammonia Market, By Production Technology

• 5.1 Introduction
• 5.2 Alkaline Water Electrolysis (AWE)
• 5.3 Solid Oxide Electrolysis (SOE)
• 5.4 Proton Exchange Membrane (PEM)
• 5.5 Other Production Technologies

6 Global Green Ammonia Market, By End User

• 6.1 Introduction
• 6.2 Power Generation
• 6.3 Agriculture
• 6.4 Transportation
• 6.5 Industrial Feedstock
• 6.6 Other End Users

7 Global Green Ammonia Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 ACME Group
• 9.2 Air Liquide S.A.
• 9.3 Ammonia Energy Association
• 9.4 BASF SE
• 9.5 CF Industries Holdings, Inc
• 9.6 Exxon Mobil Corporation
• 9.7 Greenfield Nitrogen LLC
• 9.8 Honeywell International Inc
• 9.9 Hydrogenics Corporation
• 9.10 Kawasaki Heavy Industries, Ltd
• 9.11 Mitsubishi Heavy Industries, Ltd
• 9.12 NextEra Energy, Inc
• 9.13 Siemens AG
• 9.14 TotalEnergies SE
• 9.15 Yara International ASA