The Blue Ammonia Market Size was valued at USD 332.3 Mn in 2023 and is predicted to reach USD 4,558.3 Mn by 2031 at a 39.2% CAGR during the forecast period for 2024-2031.
Blue ammonia, produced from low-carbon hydrogen and nitrogen, is gaining traction as a sustainable energy carrier due to its reduced carbon emissions. The market for blue ammonia is growing as industries seek cleaner alternatives to traditional ammonia production methods. Collaboration between governments, industries, and investors is crucial for further development and adoption of blue ammonia as a viable and eco-friendly energy source. The concept of blue ammonia involves capturing the CO2 emissions generated during ammonia production and either utilizing them in other industrial processes or storing them underground, thereby preventing their release into the atmosphere. This approach not only decreases the carbon footprint of ammonia production but also contributes to carbon mitigation efforts on a broader scale.
However, the COVID-19 pandemic initially slowed the blue ammonia market due to disruptions in supply chains and delayed projects. However, recovery efforts and a renewed focus on sustainable energy have accelerated investments and development in the sector, positioning blue ammonia as a crucial component in the post-pandemic green recovery and carbon reduction strategies.
The blue ammonia market is segmented on the basis of technology and application. On the basis of technology, the market segments include autothermal reforming (ATR), steam methane reforming (SMR), and gas partial oxidation. On the basis of application, the market segments are transportation, power generation, and industrial feedstock.
Steam methane reforming (SMR), a cornerstone technology, facilitates the reaction of methane to produce hydrogen and carbon monoxide with steam, laying the foundation for subsequent ammonia synthesis. Widely adopted due to its efficiency and notable production capacities, SMR remains integral to the industry's operational landscape. Steam Methane Reforming (SMR) is a key process in the production of blue ammonia. It involves reacting methane with steam at high temperatures to produce hydrogen and carbon monoxide, known as synthesis gas. The carbon monoxide is then reacted with nitrogen to form ammonia. In the context of blue ammonia production, SMR is coupled with carbon capture and storage (CCS) technologies to reduce carbon emissions. This process allows for ammonia production with a lower carbon footprint, making it a promising solution for sustainable ammonia production in the future.
The industrial feedstock segment of blue ammonia involves utilizing various sources of hydrogen, such as natural gas, biogas, or other renewable sources, to produce ammonia through a process that includes steam methane reforming (SMR) or other hydrogen production methods. This segment focuses on ensuring the availability of hydrogen feedstock for the production of blue ammonia while incorporating carbon capture and storage (CCS) technologies to reduce carbon emissions. By sourcing hydrogen from diverse feedstock options and implementing sustainable practices, the industrial feedstock segment plays an important role in advancing the production of environmentally friendly blue ammonia for various industrial applications.
The North American blue ammonia market is experiencing growth driven by increasing demand for sustainable ammonia production. Blue ammonia, produced using low-carbon hydrogen sources like natural gas with carbon capture technology, is gaining traction as a cleaner alternative to traditional ammonia production methods. The region involves focus on reducing carbon emissions and promoting environmental sustainability is fueling the adoption of blue ammonia in industries such as agriculture, energy, and transportation. With supportive government policies and investments in green technologies, the North American blue ammonia market is poised for further expansion in the coming years. Asia Pacific is projected to grow at a rapid rate in the global blue ammonia market due to growing concerns about rapid industrialization, government initiatives, and increasing funding in various industries.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 332.3 Mn |
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Revenue Forecast In 2031 |
USD 4,558.3 Mn |
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Growth Rate CAGR |
CAGR of 39.2% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Mn, Volume (KT) and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Technology, By Application and By Region |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Yara International, Saudi Arabian Oil Co., OCI, CF Industries Holdings, Inc., QATAR FERTILISER COMPANY (QAFCO), Ma’aden, Shell, ExxonMobil Corporation, LSB Industries, ITOCHU Corporation, Técnicas Reunidas S.A., PAO NOVATEK, ADNOC Group, Linde plc, Equinor ASA, EuroChem Group, Uniper SE, Hydrofuel Canada Inc., Dastur Energy, Nutrien Ltd., and other prominent players. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Blue Ammonia Market Snapshot
Chapter 4. Global Blue Ammonia Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Application Estimates & Trend Analysis
5.1. by Application & Market Share, 2023 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (KT) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
5.2.1. Transportation
5.2.2. Power Generation
5.2.3. Industrial Feedstock
Chapter 6. Market Segmentation 2: by Technology Estimates & Trend Analysis
6.1. by Technology & Market Share, 2023 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (KT) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Technology:
6.2.1. Steam Methane Reforming
6.2.2. Autothermal Reforming
6.2.3. Gas Partial Oxidation
Chapter 7. Blue Ammonia Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
7.1.2. North America Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2024-2031
7.1.3. North America Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2024-2031
7.2. Europe
7.2.1. Europe Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
7.2.2. Europe Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2024-2031
7.2.3. Europe Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2024-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
7.3.2. Asia Pacific Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2024-2031
7.3.3. Asia Pacific Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2024-2031
7.4. Latin America
7.4.1. Latin America Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
7.4.2. Latin America Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2024-2031
7.4.3. Latin America Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2024-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
7.5.2. Middle East & Africa Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2024-2031
7.5.3. Middle East & Africa Blue Ammonia Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2024-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Yara International
8.2.2. Saudi Arabian Oil Co.
8.2.3. OCI
8.2.4. CF Industries Holdings, Inc.
8.2.5. QATAR FERTILISER COMPANY (QAFCO)
8.2.6. Ma’aden
8.2.7. Shell PLC
8.2.8. ExxonMobil Corporation
8.2.9. LSB Industries
8.2.10. ITOCHU Corporation
8.2.11. Técnicas Reunidas S. A.
8.2.12. PAO NOVATEK
8.2.13. ADNOC Group
8.2.14. Linde plc
8.2.15. Equinor ASA
8.2.16. EuroChem Group
8.2.17. Uniper SE
8.2.18. Hydrofuel Canada Inc.
8.2.19. Dastur Energy
8.2.20. Nutrien Ltd.
8.2.21. Other Prominent Players
Blue Ammonia Market- By Technology
Blue Ammonia Market- By Application
Blue Ammonia Market- By Region
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
