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The global blue ammonia market was worth USD 12.68 mn in 2022, and it is expected to expand to USD 19.99 mn by 2030, at a CAGR of 6.2% between 2023 and 2030.
With the rising demand for hydrogen-based fuel, ammonia has emerged as a convenient fuel to store and transport. Reprocessed ammonia can be used in fuel cells for vehicles and other gas-powered devices. Carbon emissions from the power and transportation sectors can be reduced by using blue ammonia as a fuel or power source. Because of the worldwide effort to cut carbon emissions and achieve net-zero emissions by 2050, products like blue ammonia are in high demand.
The expanding sectors of electricity generation and transportation, both of which use a lot of energy and fuel, are also driving up demand for blue ammonia. The availability of carbon capture technology is a major contributor, as it allows blue ammonia to be produced with fewer carbon emissions than is achievable with conventional ammonia production methods. Investments in low- or zero-carbon alternatives, such as blue ammonia, are being made by governments and businesses around the world. Energy and fuel consumption is anticipated to be highest in the transportation and electricity sectors. The expansion of the mining, agricultural, and chemical sectors is also expected to create numerous new market prospects for blue ammonia. Market expansion is anticipated as a result of increased spending on research and development to enhance the productivity and economy of blue ammonia manufacturing. Building a solid infrastructure to house and transport blue ammonia is also anticipated to present substantial commercial prospects.
Technology Analysis of the Blue Ammonia Industry
The Auto Thermal Reforming (ATR) industry is the most lucrative throughout the world. Over a catalyst at high temperature (800-1000°C) and pressure (20-40 bar), methane and oxygen (O2) directly react. Syngas is created in this reaction and is used to create ammonia after reacting with nitrogen. While ATR consumes more energy than SMR, it makes better use of that energy. In addition, the total process enables for more extensive carbon capture thanks to the larger yield of ammonia produced by ATR compared to SMR.
The Steam Methane Reforming (SMR) industry is projected to expand at a notably higher rate than any other. At high temperature (700-1100°C) and pressure (20-40 bar), methane (CH4) and steam (H2O) react directly over a catalyst. Synthesis gas (syngas) is created, and subsequently ammonia (NH3) is made by reacting it with nitrogen (N2). The reactants' heat and chemical energy are put to good use in SMR, making it a very efficient process. In addition to being the most efficient approach, the process is also the cheapest way to produce blue ammonia.
Application-Specific Analysis of the Blue Ammonia Market
The chemical industry makes substantial use of ammonia, and blue ammonia can be a useful feedstock for producing many other chemicals. Increases in chemical production are expected to have a substantial impact on the economy. Fertilizers made from ammonia are popular among farmers. Blue ammonia is a low-carbon substitute for conventional ammonia with applications in agriculture. The agricultural sector is predicted to consume a considerable amount of blue ammonia.
Causes of the Blue Ammonia Market
Increasing adoption in the transportation sector
The transportation sector is one of the world's biggest consumers of energy and fuel, and a major source of greenhouse gas emissions. Carbon emissions in this industry can be lowered by switching to blue ammonia, which is a low-carbon alternative to conventional fuels.
Use as a fuel in power plants is on the rise.
Power plants might use blue ammonia as a fuel to reduce the sector's substantial contribution to global carbon emissions.
The chemical industry is one of the largest consumers of ammonia, and producing chemicals using blue ammonia as a feedstock can help reduce the industry's carbon impact.
Market Constraints on Blue Ammonia
Soaring prices during production
Creating it is a costly endeavor compared to conventional ammonia. The manufacturing of blue ammonia requires the use of fossil fuels with carbon capture technology, which can greatly increase the cost of production. This could reduce the market share of blue ammonia in comparison to regular ammonia, which is generated through a more energy- and carbon-intensive process.
Insufficient regulatory structures
Lack of regulatory frameworks and policies that may assist the development and use of low-carbon or carbon-free alternatives, such as such blue ammonia, could limit the market. Since there are no subsidies or tax breaks for the production of blue ammonia, investors may find the industry less appealing.
Report Coverage
Global Blue Ammonia research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Blue Ammonia report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Blue Ammonia competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Blue Ammonia market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Blue Ammonia market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Blue Ammonia market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Mitsubishi Heavy Industries, Ltd., Siemens Energy AG, Ammonia Casale S.A., Haldor Topsoe A/S, thyssenkrupp AG, CF Industries Holdings, Inc., TechnipFMC plc, Air Liquide S.A., Yara International ASA, Linde plc, Engie S.A., BASF SE, OCI N.V., Nutrien Ltd., Trammo, Inc., Sumitomo Mitsui Construction Co., Ltd., Marubeni Corporation, Técnicas Reunidas, S.A., Kawasaki Heavy Industries, Ltd., Toyo Engineering Corporation
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Blue Ammonia market based on the below-mentioned segments:
Global Blue Ammonia Market, By Technology
Steam Methane Reforming (SMR)
AutoThermal Reforming (ATR)
Global Blue Ammonia market, By Sale Channel
Direct Company Sale
Direct Import
Distributors & Traders
Global Blue Ammonia Market, By End User
Chemical industry
agriculture
Industrial Power Heating
Transportation
Others
Global Blue Ammonia market, Regional Analysis
With the rising demand for hydrogen-based fuel, ammonia has emerged as a convenient fuel to store and transport. Reprocessed ammonia can be used in fuel cells for vehicles and other gas-powered devices. Carbon emissions from the power and transportation sectors can be reduced by using blue ammonia as a fuel or power source. Because of the worldwide effort to cut carbon emissions and achieve net-zero emissions by 2050, products like blue ammonia are in high demand.
The expanding sectors of electricity generation and transportation, both of which use a lot of energy and fuel, are also driving up demand for blue ammonia. The availability of carbon capture technology is a major contributor, as it allows blue ammonia to be produced with fewer carbon emissions than is achievable with conventional ammonia production methods. Investments in low- or zero-carbon alternatives, such as blue ammonia, are being made by governments and businesses around the world. Energy and fuel consumption is anticipated to be highest in the transportation and electricity sectors. The expansion of the mining, agricultural, and chemical sectors is also expected to create numerous new market prospects for blue ammonia. Market expansion is anticipated as a result of increased spending on research and development to enhance the productivity and economy of blue ammonia manufacturing. Building a solid infrastructure to house and transport blue ammonia is also anticipated to present substantial commercial prospects.
Technology Analysis of the Blue Ammonia Industry
The Auto Thermal Reforming (ATR) industry is the most lucrative throughout the world. Over a catalyst at high temperature (800-1000°C) and pressure (20-40 bar), methane and oxygen (O2) directly react. Syngas is created in this reaction and is used to create ammonia after reacting with nitrogen. While ATR consumes more energy than SMR, it makes better use of that energy. In addition, the total process enables for more extensive carbon capture thanks to the larger yield of ammonia produced by ATR compared to SMR.
The Steam Methane Reforming (SMR) industry is projected to expand at a notably higher rate than any other. At high temperature (700-1100°C) and pressure (20-40 bar), methane (CH4) and steam (H2O) react directly over a catalyst. Synthesis gas (syngas) is created, and subsequently ammonia (NH3) is made by reacting it with nitrogen (N2). The reactants' heat and chemical energy are put to good use in SMR, making it a very efficient process. In addition to being the most efficient approach, the process is also the cheapest way to produce blue ammonia.
Application-Specific Analysis of the Blue Ammonia Market
The chemical industry makes substantial use of ammonia, and blue ammonia can be a useful feedstock for producing many other chemicals. Increases in chemical production are expected to have a substantial impact on the economy. Fertilizers made from ammonia are popular among farmers. Blue ammonia is a low-carbon substitute for conventional ammonia with applications in agriculture. The agricultural sector is predicted to consume a considerable amount of blue ammonia.
Causes of the Blue Ammonia Market
Increasing adoption in the transportation sector
The transportation sector is one of the world's biggest consumers of energy and fuel, and a major source of greenhouse gas emissions. Carbon emissions in this industry can be lowered by switching to blue ammonia, which is a low-carbon alternative to conventional fuels.
Use as a fuel in power plants is on the rise.
Power plants might use blue ammonia as a fuel to reduce the sector's substantial contribution to global carbon emissions.
The chemical industry is one of the largest consumers of ammonia, and producing chemicals using blue ammonia as a feedstock can help reduce the industry's carbon impact.
Market Constraints on Blue Ammonia
Soaring prices during production
Creating it is a costly endeavor compared to conventional ammonia. The manufacturing of blue ammonia requires the use of fossil fuels with carbon capture technology, which can greatly increase the cost of production. This could reduce the market share of blue ammonia in comparison to regular ammonia, which is generated through a more energy- and carbon-intensive process.
Insufficient regulatory structures
Lack of regulatory frameworks and policies that may assist the development and use of low-carbon or carbon-free alternatives, such as such blue ammonia, could limit the market. Since there are no subsidies or tax breaks for the production of blue ammonia, investors may find the industry less appealing.
Report Coverage
Global Blue Ammonia research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Blue Ammonia report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Blue Ammonia competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Blue Ammonia market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Mitsubishi Heavy Industries, Ltd., Siemens Energy AG, Ammonia Casale S.A., Haldor Topsoe A/S, thyssenkrupp AG, CF Industries Holdings, Inc., TechnipFMC plc, Air Liquide S.A., Yara International ASA, Linde plc, Engie S.A., BASF SE, OCI N.V., Nutrien Ltd., Trammo, Inc., Sumitomo Mitsui Construction Co., Ltd., Marubeni Corporation, Técnicas Reunidas, S.A., Kawasaki Heavy Industries, Ltd., Toyo Engineering Corporation |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Blue Ammonia Market from 2021 to 2030.
- Market Forecast for Blue Ammonia Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Blue Ammonia competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Blue Ammonia
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Blue Ammonia market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Blue Ammonia market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Mitsubishi Heavy Industries, Ltd., Siemens Energy AG, Ammonia Casale S.A., Haldor Topsoe A/S, thyssenkrupp AG, CF Industries Holdings, Inc., TechnipFMC plc, Air Liquide S.A., Yara International ASA, Linde plc, Engie S.A., BASF SE, OCI N.V., Nutrien Ltd., Trammo, Inc., Sumitomo Mitsui Construction Co., Ltd., Marubeni Corporation, Técnicas Reunidas, S.A., Kawasaki Heavy Industries, Ltd., Toyo Engineering Corporation
Primary Target Market
- Market Players of Blue Ammonia
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Blue Ammonia market based on the below-mentioned segments:
Global Blue Ammonia Market, By Technology
Steam Methane Reforming (SMR)
AutoThermal Reforming (ATR)
Global Blue Ammonia market, By Sale Channel
Direct Company Sale
Direct Import
Distributors & Traders
Global Blue Ammonia Market, By End User
Chemical industry
agriculture
Industrial Power Heating
Transportation
Others
Global Blue Ammonia market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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