Global Clean Ammonia (Blue and Green) Market TOC
By Type
By Technology
By Application
By Geography
By Type
By Technology
By Application
By Country
By Type
By Technology
By Application
By Country
By Type
By Technology
By Application
By Country
By Type
By Technology
By Application
By Country
By Type
By Technology
By Application
By Country
APAC Market Forecast
The clean ammonia (blue and green) market in Asia Pacific is projected to be the largest revenue of USD 30.7 billion by the end of 2036. The market in the region is to rise at a CAGR of 36.16% over the projected time frame. 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 Statistics
Europe industry is predicted to dominate majority revenue share of 35% by 2037. 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.
Author Credits: Dhruv Bhatia
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