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 News

  • 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.
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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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