Global Green Ammonia Market Growing at CAGR of 82.47%, Driven by Demand in Agriculture and Power Generation, Report Mordor Intelligence

Core Insights - The green ammonia market is projected to experience significant growth, with an expected increase from 0.27 million tons in 2025 to 5.41 million tons by 2030, representing a compound annual growth rate (CAGR) of 82.47% [2][11] - The growth is driven by rising investments in renewable energy infrastructure and the demand for sustainable fertilizers and fuels [2][3] Market Overview - Green ammonia is produced using renewable energy sources, primarily through water electrolysis and nitrogen fixation, making it a low-carbon alternative to traditional ammonia [3] - The market is gaining traction as industries seek cleaner alternatives to conventional ammonia production [3] Key Trends Driving Growth - Rising Demand in Agriculture: Agriculture is a major consumer of ammonia for nitrogen-based fertilizers, and green ammonia offers a cleaner alternative to reduce the carbon footprint of farming practices [4] - Interest in Marine Fuel Alternatives: The shipping industry is considering green ammonia as a low-emission marine fuel to replace conventional bunker fuel, thereby reducing sulfur and nitrogen oxide emissions [5] - Power Generation and Energy Storage: Green ammonia is relevant in power generation as a hydrogen carrier, facilitating easier storage and transportation compared to hydrogen gas [6] Regional Insights - Europe: Leading in green ammonia adoption, supported by policy frameworks and funding for clean energy projects, making it the largest and fastest-growing market [7] - Asia-Pacific: Emerging interest due to growing energy needs and agricultural demand [13] - North America: Investments in renewable energy and clean fuel technologies are increasing [13] Market Segmentation - The green ammonia market is segmented by application and geography, reflecting diverse use cases and regional adoption patterns [9] Key Players - Companies such as Siemens Energy, Thyssenkrupp AG, Yara International, Haldor Topsoe, and Nel ASA are contributing to market growth by developing scalable solutions and forming strategic alliances [10][13]