In 2021, the global green ammonia market stood at around *** thousand metric tons, up from *** thousand metric tons in the previous year. Over the next decade, this figure is forecast to grow at a compound annual growth rate (CAGR) of ** percent, reaching approximately *** million metric tons by 2030.

Global green ammonia market size is expected to grow from USD 701 million in 2024 to USD 2,672 million in 2025 and USD 55,056 million by 2032, at CAGR of 54.1%

The Green Ammonia Market Report is Segmented by Application (Agriculture, Marine Fuel, Power Generation, Hydrogen Carrier, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (tons).

The global green ammonia market is expected to witness significant growth from 2023 to 2031, with agriculture emerging as the largest end-user sector. In 2023, the global green ammonia market size for the agriculture sector was valued at ***** million U.S. dollars, which is expected to increase significantly to ******billion U.S. dollars by 2031. This growth reflects the increasing awareness and adoption of green ammonia as a sustainable solution for agricultural activities. The projected growth in the market size of green ammonia in agriculture could lead to improved crop yields, more efficient farming practices, and reduced environmental impact. Although agriculture is expected to be the largest end-user sector for green ammonia, other sectors such as power generation and energy storage also have substantial market sizes in the projected period.

The global green ammonia market is projected to reach USD 85,100 million by 2035, recording an absolute increase of USD 84.6 billion over the forecast period. The market is valued at USD 475.2 million in 2025 and is set to rise at a CAGR of 68.0% during the assessment period.

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Green Ammonia Market Size 2024-2028

The green ammonia market size is forecast to increase by USD 3.21 billion, at a CAGR of 113.07% between 2023 and 2028.

Major Market Trends & Insights

Europe dominated the market and accounted for a 37% growth during the forecast period.
By the Application - Power generation segment was valued at USD 3.70 billion in 2022
By the Technology - Alkaline water electrolysis segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 48.00 million
Market Future Opportunities: USD 3209.70 million
CAGR : 113.07%
Europe: Largest market in 2022

Market Summary

The market is experiencing significant traction, fueled by increasing investments from various industries. According to recent reports, the market is expected to witness substantial growth in the coming years, with the demand for green ammonia increasing in sectors like agriculture, energy, and industry. The market's expansion can be attributed to the numerous advantages of green ammonia over its traditional counterpart. Green ammonia, produced using renewable energy sources, offers a more sustainable alternative to the fossil fuel-based ammonia production process. This shift towards greener production methods is gaining momentum as businesses aim to reduce their carbon footprint and comply with stringent environmental regulations.
Despite the promising outlook, the high cost of producing green hydrogen, a key component in green ammonia production, remains a significant challenge. However, advancements in technology and economies of scale are expected to drive down production costs, making green ammonia a more competitive and attractive option for businesses. The market's evolution is further influenced by the growing adoption of hydrogen as a clean energy carrier and the increasing demand for low-carbon fuels. As the market continues to unfold, it presents significant opportunities for businesses across various sectors, particularly those looking to decarbonize their operations and contribute to a more sustainable future.

What will be the Size of the Green Ammonia Market during the forecast period?

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The market is experiencing significant growth, driven by the increasing demand for sustainable energy solutions and the need to reduce carbon emissions. Two key factors contributing to this growth are the cost-benefit analysis of ammonia injection into natural gas pipelines and the regulatory framework supporting the use of renewable hydrogen for ammonia production. For instance, ammonia injection can increase the energy density of natural gas, enabling more efficient transportation and storage.
Additionally, the use of renewable hydrogen in ammonia production reduces the carbon footprint, aligning with global sustainability goals. Despite these opportunities, challenges remain, including scale-up challenges, catalyst deactivation, and regulatory hurdles. For example, the commercialization of green ammonia production through alkaline electrolysis, thermal decomposition, or solid oxide electrolysis requires significant investments in reactor optimization, gas purification, and process modeling. Nevertheless, ongoing research in plasma synthesis, ammonia oxidation, catalytic reforming, and other technologies continues to advance the technical feasibility of green ammonia production and hydrogen refueling.

How is this Green Ammonia Industry segmented?

The green ammonia industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Power generation
  Transportation
  Industrial feedstock
  Others


Technology

  Alkaline water electrolysis
  Proton exchange membrane
  Solid oxide electrolysis


Geography

  North America

    US


  Europe

    Germany
    Russia


  APAC

    Australia
    China


  Rest of World (ROW)

By Application Insights

The power generation segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth, driven by the increasing demand for clean energy and the need to reduce carbon emissions. According to recent studies, the market for green ammonia production is projected to expand by 15% in the upcoming year, as industries shift towards more sustainable production methods. Moreover, the global ammonia market is expected to reach a size of 150 million metric tons by 2026, representing a 12% increase from the current market size. Key trends in the market include the adoption of advanced purification techniques, such as membrane separation and pressure swing adsorption, to improve the

The global Green Ammonia market stood at approximately 3 thousand tonnes in 2022 and is expected to grow at an excellent CAGR of 106% during the forecast period until 2032.

In 2021, Europe accounted for nearly half of the global green ammonia market worldwide, with a volume of approximately *** thousand metric tons. North America and Asia Pacific followed, each with more than one thousand metric tons. By 2030, the European green ammonia market is forecast to reach *** thousand tons, or ** percent of the global market.

The report on ‘Global Green Ammonia Market’ provides market size and future opportunities for the years 2020-2031 in terms of value and volume.

Green Ammonia Market is projected to reach USD 38,522.58 million by 2033, growing at a CAGR of 60.36% from 2025-2033.

The global green ammonia market size has grown to a value of more than 3.51 Million Tons in 2024. It is expected to expand further at a CAGR of roughly 58.30% in the forecast period of 2025-2034. The market value will reach around 346.83 Million Tons by 2034.

The size of the Green Ammonia Market market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 68.23% during the forecast period. Recent developments include: November 2023: Adani Power, as part of its decarbonization initiatives, started a pilot project for green ammonia combustion that will co-fire up to 20% green ammonia in its coal-fired 330 MW Unit at the Mundra plant in Gujarat, India.February 2023: Uniper and Greenko signed an agreement for the purchase of 250,000 tons of green ammonia per annum from Greenko’s Kakinada green ammonia project.December 2022: Moroccan state-owned company OCP announced an investment of USD 13 billion for its Green Investment Strategy for 2023-2027, as part of which the company aims to produce 1 million tons of green ammonia by 2027 and will triple it to 3 million tons by 2032.. Key drivers for this market are: Increasing Agricultural Production, Rising Demand for Renewable Energy; Other Drivers. Potential restraints include: Increasing Agricultural Production, Rising Demand for Renewable Energy; Other Drivers. Notable trends are: Growing Agricultural Production.

The size of the Green Ammonia Market was valued at USD 411.35 million in 2023 and is projected to reach USD 91710.02 million by 2032, with an expected CAGR of 116.5 % during the forecast period. Green ammonia is actually ammonia which gets manufactured using renewable energy sources in the production process. While ammonia remains an important component of fertilizers and industrial chemicals, its traditional production is based on the Haber-Bosch process, which relies heavily on natural gas. Green ammonia utilizes green hydrogen, produced by electrolysis of water using renewable electricity as its feedstock. This process carbon-free thus removes carbon emissions while making green ammonia a superior alternative for production compared to conventionally produced ammonia. This increasing global demand towards sustainable agriculture solutions and industries have made green ammonia a potential vital component for helping the fertilizer sector reduce carbon footprints further and achieving set energy transition milestones. Further still, green ammonia is under potential research and discovery as a form of hydrogen-based carrier in matters of energy storage and transportation. Because green ammonia is part of renewable energy technology, with further advances, more will be produced and utilized toward global sustainability and decarbonization.

The global green ammonia market is projected to reach a valuation of USD 17.5 billion by 2033, growing at a compound annual growth rate (CAGR) of 54.7% from 2025 to 2033.

Green ammonia market size, share, trends, companies and forecast, 2017-2034. The market categorize the segments as production route, application, and region.

In 2021, the green ammonia market in Europe stood at around *** thousand metric tons, up from *** thousand metric tons in the previous year. Over the next decade, this figure is forecast to grow at a compound annual growth rate (CAGR) of **** percent, reaching *** thousand metric tons by 2030.

In 2021, the volume of green ammonia market in Saudi Arabia amounted to about *** tons. The volume was forecast to increase significantly over the next decade to reach almost **** thousand tons by 2030.

Green ammonia market valued USD 781.92 Million in 2024 and is projected to surpass USD 48,215.42 Million through 2032

Technological advancements in the North America Green Ammonia industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.

The Green Ammonia Market size is expected to reach a valuation of USD 900.15 Billion in 2033 growing at a CAGR of 71.2%. The Green Ammonia Market research report classifies market by share, trend, demand, forecast and based on segmentation.