Bio-Ammonia Market Analysis

The market is segmented based on application into fertilizer and fuel, out of which, the fertilizer segment is anticipated to grab the largest share by the end of 2036, owing to a rise in the demand for fertilizers in the agriculture sector and for the growing advancements towards the research and development of advanced bio-fertilizers. On the basis of end-user, the power generation segment in the global bio-ammonia market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that bio-ammonia acts as a sustainable fuel for power generation. Electricity generated by using green ammonia is observed to be the cleaner version of gas and hence, which in turn is expected to drive the growth of the market during the forecast period. 

Our in-depth analysis of the global market includes the following segments