Clean Ammonia Market Regional Analysis:
APAC Market Insights
In clean ammonia (blue and green) market, Asia Pacific region is anticipated to capture lucrative revenue share by the end of 2035. The growth of the market in the region can be attributed majorly to the substantial trial of ammonia by incorporating the energy to support the decarbonization goals. Japan plans to use 3 million tonnes (Mt) of ammonia by 2030, which would cofire approximately six GW of power stations powered by coal at a 20 percent cofiring rate. Furthermore, government initiatives to boost the production of green hydrogen are also expected to drive market growth in the region. The Union Cabinet authorized the National Green Hydrogen Mission on January 4, 2022, with the stated goal of making India a world leader in the production and supply of green hydrogen.
Europe Market Insights
Europe industry is predicted to dominate majority revenue share of 35% by 2035. The market growth in Europe is majorly dependent on the presence of large facilities for ammonia production, this will support the production of both green and blue ammonia. In the EU-27, there are around 32 ammonia factories currently operational. When these facilities are operational at their best, it has the capability to produce nearly 18 million tonnes of ammonia every year. Netherlands and Germany have one of the largest production plants of ammonia.
