Report ID: SQMIG15B2035
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, Distributors & Traders), By End User(Chemical industry, agriculture, Industrial Power Heating, Transportation), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15B2035 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
90 |
Figures:
76
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.
Blue Ammonia Market Report Snapshots
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