Global Blue Ammonia Market

Blue Ammonia Market Size, Share, Growth Analysis, By Production Method (Steam Methane Reforming (SMR), Autothermal Reforming (ATR)), By Application, By End Use Industry, By Region - Industry Forecast 2025-2032

Report ID: SQMIG15B2035 | Region: Global | Published Date: December, 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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Global Blue Ammonia Market size was valued at USD 13.30 million in 2022 and is poised to grow from USD 14.00 million in 2023 to USD 21.17 million by 2031, growing at a CAGR of 5.3% during 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. 'Yara International (Norway) ', 'CF Industries Holdings, Inc. (US) ', 'Nutrien Ltd. (Canada) ', 'Saudi Arabian Fertilizer Company (SAFCO) (Saudi Arabia) ', 'OCI N.V. (Netherlands) ', 'Abu Dhabi National Oil Company (ADNOC) (UAE) ', 'Mitsubishi Corporation (Japan) ', 'Linde plc (UK) ', 'Air Products and Chemicals, Inc. (US) ', 'Thyssenkrupp AG (Germany) ', 'BASF SE (Germany) ', 'IHI Corporation (Japan) ', 'Sumitomo Chemical Co., Ltd. (Japan) ', 'Toyo Engineering Corporation (Japan) ', 'Ma’aden (Saudi Arabia) ', 'Qatar Fertiliser Company (QAFCO) (Qatar) ', 'Petronas Chemicals Group Berhad (Malaysia) ', 'SABIC (Saudi Arabia) ', 'Haldor Topsoe A/S (Denmark) ', 'ENGIE (France) '

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 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.

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Global Blue Ammonia Market

Report ID: SQMIG15B2035

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