Global Blue Ammonia Market

Blue Ammonia Market Size, Share, Growth Analysis, By Technology(Steam Methane Reforming (SMR) and AutoThermal Reforming (ATR)), By Sale Channel(Direct Company Sale, Direct Import), By End User(Chemical industry, agriculture) - Industry Forecast 2024-2031


Report ID: SQMIG15B2035 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 90 | Figures: 76

Blue Ammonia Market Insights

Global Blue Ammonia Market size was valued at USD 12.62 million in 2019 and is poised to grow from USD 13.28 million in 2023 to USD 19.92 million by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

Ammonia has become a useful fuel to store & transport as a result of growing demand in fuel made from hydrogen. Ammonia can be reconverted into gas to be used in fuel cells for cars as well as other dean-burning equipment. The use of blue ammonia as a fuel or power source can lower carbon emissions in the energy and transportation sectors. There is a growing demand for low-carbon or carbon-free alternatives like blue ammonia as a result of the global push to reduce carbon emissions and reach net-zero emissions by 2031.

The demand for blue ammonia is also being fueled by the growth of the electricity and transportation industries, which are significant consumers of fuel and energy. A significant factor is the availability of carbon capture technology, which makes it possible to generate blue ammonia with less carbon emissions than with traditional ammonia manufacturing techniques.

Governments as well as companies across the world are making significant investments in low or zero-carbon alternatives, such blue ammonia, to reduce their carbon footprint. The transportation and electricity sectors are expected to dominate the industry as the largest consumers of energy and fuel. Furthermore, it is anticipated that the growth of the mining, agriculture, and chemical industries will provide a wealth of new opportunities for the blue ammonia market.

It is expected that greater market growth will result from investments made in R&D to improve the efficiency and cost-effectiveness of blue ammonia production. Significant market opportunities are also expected to come from the development of a robust infrastructure to support blue ammonia production, storage, and transportation.

US Blue Ammonia Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 12.62 million

Largest Segment

Steam Methane Reforming (SMR)

Fastest Growth

Steam Methane Reforming (SMR)

Growth Rate

5.2% CAGR

Global Blue Ammonia Market ($ Bn)
Country Share for North America Region (%)
Global Blue Ammonia Market By Type ($ Bn)
Global Blue Ammonia Market By Type (%)

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Blue Ammonia Market Segmental Analysis

Global Blue Ammonia Market is segmented based on Technology, Sales Channel, End User and region. Based on Technology the Blue Ammonia Market is segmented into Steam Methane Reforming (SMR), Auto Thermal Reforming (ATR). Based on Sale Channel the Blue Ammonia Market is segmented into Direct Company Sale, Direct Import, Distributors & Traders. Based on End User the Blue Ammonia Market is segmented into chemical industry, agriculture, Industrial Power Heating, Transportation, Others. Based on region the global Blue Ammonia Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Blue Ammonia Market Analysis by Technology

The Auto Thermal Reforming (ATR) segment dominated the global market. This process involves the direct reaction of methane and oxygen (O2) over a catalyst at high temperature (800-1000°C) and pressure (20-40 bar). The reaction produces syngas which is then reacted with nitrogen to produce ammonia. ATR is a more energy-intensive process than SMR, but it is more efficient in terms of energy utilization. Additionally, ATR produces a higher yield of ammonia than SMR, making it a more efficient process overall process provides for more comprehensive carbon capture.

The Steam Methane Reforming (SMR) segment is expected to grow at the fastest CAGR. It involves the direct reaction of methane (CH4) and steam (H2O) over a catalyst at high temperature (700-1100°C) and pressure (20-40 bar). This reaction produces synthesis gas (syngas) which is then reacted with nitrogen (N2) to produce ammonia (NH3). SMR is a highly efficient process, utilizing both the heat and chemical energy of the reactants. The process is also relatively inexpensive, making it the most cost-effective method of producing blue ammonia

Blue Ammonia Market Analysis by End User

Ammonia is used extensively in the chemical industry, and blue ammonia can be used as a feedstock for making a variety of compounds. The market is predicted to benefit significantly from the development of the chemicals industry.

Ammonia is also used by farmers as a fertilizer. In the agriculture sector, blue ammonia can be used as a low-carbon alternative for normal ammonia. It is anticipated that a sizable portion of blue ammonia will be used by the agriculture industry.

Global Blue Ammonia Market By Type, 2023 (%)

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Blue Ammonia Market Regional Insights

North America dominated the global market owing to growing emphasis on decreasing carbon emissions and reaching net-zero emissions by the year 2050. The usage of blue ammonia as a low-carbon substitute to liquid fuels and energy sources can help accomplish this objective. The US is the largest producer and consumer of blue ammonia in the region.

The Asia Pacific region is expected to witness the highest growth in the market, owing to the increasing demand for blue ammonia as a source of energy and fertilizer. Countries such as India, China, Japan, and South Korea are the key markets in the region, and are expected to register a high growth rate in the market.. The growing demand from the industrial, agricultural, and energy sectors in the region is expected to fuel the growth of the market in the region.

Europe is expected to be the second-largest contributor to the global blue ammonia market, owing to the increasing demand for blue ammonia as a source of energy and fertilizer. The countries in the region, such as Germany, the UK, and France, are expected to register a high growth rate in the market.

Global Blue Ammonia Market By Region, 2024-2031
  • Largest
  • Fastest

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Blue Ammonia Market Dynamics

Blue Ammonia Market Drivers

Growing usage in transport industry

  • The transport industry consumes a lot of energy and fuel and contributes significantly to the world’s largest carbon emissions. Blue ammonia use as a low-carbon alternative to traditional fuels can aid in reducing carbon emissions in this sector.

Growing use as fuel in power generation

  • Blue ammonia may be employed as a fuel in power generation to help cut carbon emissions in this sector, that adds significantly to global carbon emissions.
  • The production of various chemicals utilizing blue ammonia as a feedstock can help lessen the carbon footprint of the chemical industry, which is a major user of ammonia.

Blue Ammonia Market Restraints

High production cost

  • The expensive production cost in compared to traditional ammonia. The use of fossil fuels with carbon capture technology is needed for the production of blue ammonia, which can significantly raise the cost of production. In comparison to traditional ammonia, which is produced to use a carbon-intensive process, this could make blue ammonia less competitive.

Lack of regulatory frameworks

  • The market might be constrained by a lack of regulatory frameworks and policies that might support the development and utilization of low-carbon or carbon-free alternatives, including such blue ammonia. Investors might discover the manufacturing of blue ammonia less attractive since there are no government incentives or subsidies.

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Blue Ammonia Market Competitive Landscape

The market for blue ammonia is becoming highly competitive as the demand for low- or zero-carbon alternatives grows along a range of industries.

Blue Ammonia Market Top Player’s Company Profiles

  • 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

Blue Ammonia Market Recent Developments

  • In September 2021, the Japanese government announced its plan to increase the production and use of blue ammonia in the nation. This announcement marked an important turning point in the blue ammonia market. In order to stimulate investment in blue ammonia production facilities, the government intends to implement tax incentives and other measures, with the goal of reaching a production capacity of 3 million tons annually by 2030.
  • In July 2021, Saudi Aramco, the government-owned oil firm of Saudi Arabia, declared that it had made blue ammonia using hydrogen derived from renewable sources. To address the rising demand for low-carbon fuels, the business intends to increase blue ammonia production.

Blue Ammonia Key Market Trends

  • Infrastructure Investments: To meet the growing demands for blue ammonia, additional investment has been put into to the infrastructure required to produce, transport, and store the material. This involves building the new production plants, pipelines, and storage tanks.
  • Government Support: Incentives and support are now being given by governments all around the world to promote the production and use of blue ammonia. To stimulate investment in blue ammonia production plants, in instance, Japan has announced plans to give tax incentives.
  • Technological Advancements: The production of blue ammonia has greatly benefited from technological developments, which have increased its efficiency and decreased its cost. For instance, using carbon capture technology has allowed the manufacturing of blue ammonia while releasing less greenhouse gases than traditional ammonia production techniques.

Blue Ammonia Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global blue ammonia market analysis, governments as well as companies across the world are making significant investments in low- or zero-carbon alternatives, such blue ammonia, to reduce their carbon footprint. The transportation and electricity sectors are expected to dominate the industry as the largest consumers of energy and fuel. Furthermore, it is anticipated that the growth of the mining, agriculture, and chemical industries will provide a wealth of new opportunities for the blue ammonia market. The production of blue ammonia has greatly benefited from technological developments, which have increased its efficiency and decreased its cost.

Report Metric Details
Market size value in 2023 USD 12.62 million
Market size value in 2031 USD 19.92 million
Growth Rate 5.2%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Technology
    • Steam Methane Reforming (SMR) and AutoThermal Reforming (ATR)
  • Sale Channel
    • Direct Company Sale, Direct Import, Distributors & Traders
  • End User
    • Chemical industry, agriculture, Industrial Power Heating, Transportation, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • 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
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Blue Ammonia Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Blue Ammonia Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Blue Ammonia Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Blue Ammonia Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Blue Ammonia Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Blue Ammonia Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Blue Ammonia Market size was valued at USD 12.62 million in 2019 and is poised to grow from USD 13.28 million in 2023 to USD 19.92 million by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

The market for blue ammonia is becoming highly competitive as the demand for low- or zero-carbon alternatives grows along a range of industries. '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'

The transport industry consumes a lot of energy and fuel and contributes significantly to the world’s largest carbon emissions. Blue ammonia use as a low-carbon alternative to traditional fuels can aid in reducing carbon emissions in this sector.

Infrastructure Investments: To meet the growing demands for blue ammonia, additional investment has been put into to the infrastructure required to produce, transport, and store the material. This involves building the new production plants, pipelines, and storage tanks.

North America dominated the market owing to growing emphasis on decreasing carbon emissions and reaching net-zero emissions by the year 2050. The usage of blue ammonia as a low-carbon substitute to liquid fuels and energy sources can help accomplish this objective. The US is the largest producer and consumer of blue ammonia in the region.

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Global Blue Ammonia Market

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