Blue Ammonia Market Analysis by Technology (Steam methane reforming, Autothermal reforming, Gas partial oxidation), By Application (Fertilizers, Hydrogen Production, Energy Storage, Chemicals Manufacturing), By End-User Industry (Agriculture, Energy, Chemicals, Transportation) and by Region: Global Forecast, 2024 - 2033
- PUBLISHED ON
- 2024-02-12
- NO OF PAGES
- 191
- CATEGORY
- Chemicals & Materials
Market Overview
The Blue Ammonia market is predicted to develop at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2033, when it is projected to reach USD 5.42 Billion, based on an average growth pattern. The market is estimated to reach a value of USD 2.34 Billion in 2024.
SOURCE: We Market Research
The term blue
ammonia market describes the extraction, use, and storage of ammonia produced
via a method that reduces the impact of carbon emissions on the environment.
Carbon capture and storage (CCS) technologies are integrated into blue ammonia
production, in contrast to typical grey ammonia production, which releases
carbon dioxide into the atmosphere. Blue ammonia is a desirable alternative for
businesses looking for greener energy sources because of its sustainable
approach, which reduces greenhouse gas emissions. Blue ammonia is a promising
product that can help decarbonize a number of industries, including
transportation, energy production, and agriculture, and the market is expected
to rise as efforts to tackle climate change become more widespread.
The market for
blue ammonia is propelled by multiple critical aspects that foster its
expansion and acceptance. The industry is looking for greener energy
alternatives like blue ammonia due to growing environmental concerns and strict
laws aimed at lowering carbon emissions. Additionally, the manufacturing of
blue ammonia is becoming more practical and affordable due to developments in
carbon capture and storage (CCS) technologies. Additionally, the market is
expanding because to the rising need for renewable energy sources and ammonia's
adaptability across a range of industries, including transportation, energy,
and agriculture. Consequently, there is an increase in expenditures towards
blue ammonia projects, suggesting that this environmentally beneficial energy
source has a bright future.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 2.34 Billion |
|
Market Forecast in 2033 |
USD 5.42 Billion |
|
CAGR % 2024-2033 |
14.5% |
|
Base Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast Period |
2024-2033 |
|
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
|
Segments Covered |
By Technology, By Application, By End-User Industry and By Region |
|
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Blue Ammonia Industry: Dynamics & Restrains
Market opportunity:
We Market
Research: Blue Ammonia Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Blue Technology Segmentation
Market- By Technology Analysis
By Technology, the Blue Ammonia Market is Categories into Steam methane reforming, Autothermal reforming, Gas partial oxidation. The Steam methane reforming segment accounts for the largest share of around 49% in 2024.
The market for blue ammonia is driven by
the Steam Methane Reforming (SMR) sector due to its cost-effectiveness,
scalability, and established infrastructure. SMR, which is widely used in the
ammonia sector, benefits from existing knowledge to facilitate a more seamless
integration into production processes, making it appealing to sectors looking
for effective and reliable low-carbon solutions.
The
following segments are part of an in-depth analysis of the global Blue Ammonia
market:
|
Market Segments |
|
|
By Application |
·
Fertilizers ·
Hydrogen Production ·
Energy Storage ·
Chemicals Manufacturing |
|
By End-User Industry |
·
Agriculture ·
Energy ·
Chemicals ·
Transportation |
Blue Ammonia Industry: Regional Analysis
North America Market Forecast
North America dominate the Blue Ammonia Market with the highest revenue generating market with share of more than 47%. The North American market for blue ammonia is supported by substantial deposits of natural gas and strict emission standards. Blue ammonia projects are becoming more and more popular in the region due to government incentives, technology developments, and industry desire for sustainable solutions.
Europe Market Statistics
Europe is the
second-largest market for Blue Ammonia. The demand for blue ammonia is fueled
in Europe by strong efforts to decarbonization and renewable energy. The
development of the carbon capture and storage (CCS) industry is aided by carbon
pricing schemes, supportive regulations, and large investments in CCS
equipment.
Asia Pacific Market Forecasts
Asia Pacific is expected
to be the fastest-growing market for Blue Ammonia during the forecast period. Growing
air pollution concerns and rising energy demand in the Asia-Pacific area have
sparked interest in greener energy sources like blue ammonia. The quick
adoption of blue ammonia in the area is a result of investments in hydrogen
infrastructure, industrial growth, and government incentives.
Key Market Players
1.
Global
Blue Ammonia Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Blue Ammonia Market Scope
and Market Estimation
1.2.1. Global Blue Ammonia Overall
Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)
1.2.2. Global Blue Ammonia Market
Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033
1.3. Market Segmentation
1.3.1. Component of Global Blue Ammonia
Market
1.3.2. Technology of Global Blue
Ammonia Market
1.3.3. End-User Industry of Global Blue
Ammonia Market
1.3.4. Region of Global Blue Ammonia
Market
2.
Executive Summary
2.1. Global Blue Ammonia Market Industry Trends under COVID-19 Outbreak
2.1.1. Global COVID-19 Status Overview
2.1.2. Influence of COVID-19 Outbreak
on Global Blue Ammonia Market
Industry Development
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact Analysis of Drivers and
Restraints
2.3. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.4. Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s Five Forces Analysis
2.5.1. Bargaining Power of Suppliers
2.5.2. Bargaining Power of Buyers
2.5.3. Threat of Substitutes
2.5.4. Threat of New Entrants
2.5.5. Competitive Rivalry
2.6. Value Chain / Ecosystem Analysis
2.7. Russia-Ukraine War Impacts
Analysis
2.8. Economic Downturn Analysis
2.9. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Blue Ammonia Market Estimates & Historical Trend Analysis (2019 -
2022)
4.
Global Blue Ammonia Market Estimates & Forecast Trend Analysis, by
TECHNOLOGY
4.1. Global Blue Ammonia Market
Revenue (US$ Mn) Estimates and Forecasts, by TECHNOLOGY, 2019 to 2033
4.1.1. Steam methane reforming
4.1.2. Autothermal reforming
4.1.3. Gas partial oxidation
5.
Global Blue Ammonia Market Estimates & Forecast Trend Analysis, by
Application
5.1. Global Blue Ammonia Market
Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 to 2033
5.1.1. Fertilizers
5.1.2. Hydrogen Production
5.1.3. Energy Storage
5.1.4. Chemicals Manufacturing
6.
Global Blue Ammonia Market Estimates & Forecast Trend Analysis, by
End-User Industry
6.1. Global Blue Ammonia Market
Revenue (US$ Mn) Estimates and Forecasts, by End-User Industry,
2019 to 2033
6.1.1. Agriculture
6.1.2. Energy
6.1.3. Chemicals
6.1.4. Transportation
7.
Global Blue Ammonia Market Estimates & Forecast Trend Analysis,
by Region
7.1. Global Blue Ammonia Market
Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Middle East & Africa
7.1.5. South America
8.
North
America Blue Ammonia Market: Estimates & Forecast Trend Analysis
8.1.
North
America Blue Ammonia Market Assessments & Key Findings
8.1.1. North America Blue Ammonia
Market Introduction
8.1.2. North America Blue Ammonia
Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
8.1.2.1. By TECHNOLOGY
8.1.2.2. By Application
8.1.2.3. By End-User
Industry
8.1.2.4. By Country
8.1.2.4.1. The U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Europe
Blue Ammonia Market: Estimates & Forecast Trend Analysis
9.1. Europe Blue Ammonia Market
Assessments & Key Findings
9.1.1. Europe Blue Ammonia Market
Introduction
9.1.2. Europe Blue Ammonia Market Size
Estimates and Forecast (US$ Million) (2019 – 2033)
9.1.2.1. By TECHNOLOGY
9.1.2.2. By Application
9.1.2.3. By End-User
Industry
9.1.2.4.
By
Country
9.1.2.4.1. Germany
9.1.2.4.2. U.K.
9.1.2.4.3. France
9.1.2.4.4. Italy
9.1.2.4.5. Spain
9.1.2.4.6. Russia
9.1.2.4.7. Rest of Europe
10. Asia Pacific Blue
Ammonia Market: Estimates &
Forecast Trend Analysis
10.1. Asia Pacific Market Assessments
& Key Findings
10.1.1. Asia Pacific Blue Ammonia Market
Introduction
10.1.2. Asia Pacific Blue Ammonia Market
Size Estimates and Forecast (US$ Million) (2019 – 2033)
10.1.2.1. By TECHNOLOGY
10.1.2.2. By Application
10.1.2.3. By End-User
Industry
10.1.2.4. By Country
10.1.2.4.1. China
10.1.2.4.2. Japan
10.1.2.4.3. India
10.1.2.4.4. Australia
10.1.2.4.5. South Korea
10.1.2.4.6. ASEAN
10.1.2.4.7. Rest of Asia Pacific
11. Middle East & Africa Blue
Ammonia Market: Estimates &
Forecast Trend Analysis
11.1. Middle East & Africa Market
Assessments & Key Findings
11.1.1. Middle
East & Africa Blue
Ammonia Market Introduction
11.1.2. Middle
East & Africa Blue
Ammonia Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
11.1.2.1. By TECHNOLOGY
11.1.2.2. By Application
11.1.2.3. By End-User
Industry
11.1.2.4. By Country
11.1.2.4.1. U.A.E.
11.1.2.4.2. Saudi Arabia
11.1.2.4.3. Egypt
11.1.2.4.4. South Africa
11.1.2.4.5. Rest of Middle East & Africa
12. South America
Blue Ammonia Market: Estimates &
Forecast Trend Analysis
12.1. South America Market Assessments
& Key Findings
12.1.1. South America Blue Ammonia
Market Introduction
12.1.2. South America Blue Ammonia
Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
12.1.2.1. By TECHNOLOGY
12.1.2.2. By Application
12.1.2.3. By End-User
Industry
12.1.2.4. By Country
12.1.2.4.1. Brazil
12.1.2.4.2. Argentina
12.1.2.4.3. Colombia
12.1.2.4.4. Rest of South America
13. Competition Landscape
13.1. Global Blue Ammonia Market
Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
13.2. Global Blue Ammonia Market
Competition White Space Analysis, By End-User Industry
13.3. Global Blue Ammonia Market
Competition Heat Map Analysis, By End-User Industry
13.4. Global Blue Ammonia Market
Concentration & Company Market Shares (%) Analysis, 2022
14. Company Profiles
14.1.
Yara International ASA (Norway)
14.1.1. Company Overview & Key Stats
14.1.2. Financial Performance & KPIs
14.1.3. Product Portfolio
14.1.4. Business Strategy & Recent Developments
* Similar details would be provided
for all the players mentioned below
14.2. OCI
(Netherlands)
14.3. Ma'aden (Saudi
Arabia)
14.4. CF Industries
Holdings, Inc. (US)
14.5. Topsoe(
Denmark)
14.6. Saudi Arabian
Oil Company (Saudi Arabia)
14.7. ExxonMobil
Corporation (US)
14.8. Shell plc
(Netherlands)
14.9. Mitsubishi
Corporation (Japan)
14.10. ADNOC Group
(United Arab Emirates)
14.11. Nouryon
(Netherlands)
14.12. Others
15. Research
Methodology
15.1. External Transportations /
Databases
15.2. Internal Proprietary Database
15.3. Primary Research
15.4. Secondary Research
15.5. Assumptions
15.6. Limitations
15.7. Report FAQs
16. Research Findings & Conclusion
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size of Blue Ammonia Market in 2024?
Blue Ammonia Market was valued at USD 2.34 Billion in 2024.
What is the growth rate for the Blue Ammonia Market?
Blue Ammonia Market size will increase at approximate CAGR of 14.5% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the Blue Ammonia Market are Yara International ASA (Norway), OCI (Netherlands), Ma'aden (Saudi Arabia), CF Industries Holdings, Inc. (US), Topsoe (Denmark), Saudi Arabian Oil Company (Saudi Arabia), ExxonMobil Corporation (US), Shell plc (Netherlands), Mitsubishi Corporation (Japan), ADNOC Group (United Arab Emirates), Nouryon (Netherlands) and Others.
Which region dominates the Blue Ammonia Market?
North America dominates the market with an active share of 47%.
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