Green Ammonia Market Overview
The global green ammonia market
is projected to reach US$ 8.42 Billion by 2035 from US$ 1.92 Billion in 2025.
The market is expected to register a CAGR of 67.3% during 2025–2035. This
growth is primarily attributed to the increasing global focus on sustainable
energy solutions, carbon-neutral fuels, and decarbonization of industries.
Green ammonia, produced by renewable energy sources such as wind, solar, and hydropower using electrolysis, is emerging as a clean alternative to conventional ammonia, which is typically derived from fossil fuels. The market is gaining traction as industries seek low-carbon alternatives in agriculture, transport, and power generation to reduce greenhouse gas emissions. With governments and companies increasingly investing in hydrogen-based fuels and green chemicals. The green ammonia market size is expected to grow at a high rate, supported by favorable policies, subsidies, and research and development activities. The green ammonia market trends are moving toward growing use in fertilizer production, marine fuel applications, and energy storage, with companies exploring innovative ways to integrate green ammonia into hydrogen economies. Further, the growing prospects of green ammonia as a zero-emission shipping fuel and industrial power generation are attracting enormous investments. The market analysis and projected demand suggest that technological advancements in electrolyzers, fuel cells, and ammonia storage infrastructure will further spur market growth.
Green Ammonia Market Drivers and Opportunities
Rising demand for carbon-neutral fertilizers is likely to propel the
green ammonia market during the forecast period
Agriculture
is one of the largest users of ammonia, which is used primarily in fertilizer
production to improve crop yields. Conventional ammonia production, however, is
fossil fuel-based, primarily using natural gas, and is therefore a significant
contributor to carbon emissions. As sustainability becomes the foremost
consideration, the demand for carbon-neutral fertilizers produced from green
ammonia is rising. Governments, agri-business firms, and environmental
organizations are advocating for low-emission farming methods, thus initiating
higher investments in green ammonia production. The market size of the Green
Ammonia Market is expanding as big fertilizer firms are adopting renewable
hydrogen-based ammonia in response to climate change commitments and government
regulations. Environmental regulations with stringent targets, like the Farm to
Fork Strategy of the European Union, require reducing carbon footprints in
agri-supply chains. Furthermore, the world population is rising, increasing
demand for sustainable agriculture solutions that can provide food security
while minimizing environmental impacts. Breakthroughs in electrolyzers and
renewable hydrogen production are making green ammonia increasingly viable,
further inducing its use in the fertilizer industry. With the continuation of
government subsidies, grants, and R&D initiatives, the Green Ammonia Market
is likely to increase significantly, primarily in agriculture.
Increasing investments in renewable
energy-based hydrogen productions is the primary driver for the future of the
global green ammonia market
Green
ammonia manufacturing is closely associated with the development of green hydrogen, which is manufactured through electrolysis
based on renewable energy from solar and wind power. As governments and
corporations worldwide speed up plans to switch to low-carbon energy sources,
investments in renewable hydrogen manufacturing are growing quickly. Germany,
Australia, and Japan are at the forefront with big green hydrogen ventures,
which in turn boost the development of the Green Ammonia Market.
As the price
of solar and wind energy comes down, the economics of green hydrogen-based
ammonia is improving, and it is proving to be a strong contender for fossil
fuel-based ammonia. The majority of the energy majors and chemicals producers
are forming joint ventures and pilot projects to scale up the production
capacity of green ammonia. The market and trends analysis indicate that
investment by the public and private sectors is playing a crucial role in
developing large-scale hydrogen electrolysis-based ammonia plants. As the
momentum in the transition to clean energy gathers speed, growth in the green
ammonia market is likely to boom, particularly in nations with strong renewable
energy infrastructure and government incentives.
Development of energy storage and grid balancing solutions is
anticipated to create favorable opportunities in the worldwide green ammonia
market
One of the
most promising opportunities in the green ammonia market is its use in energy
storage and grid stabilization. Solar and wind energy, among other renewable
sources, are intermittent in nature, and their generation varies subject to
weather. To enable round-the-clock energy supply, the excess electricity from
renewables can be utilized to synthesize green ammonia, a stable and
transportable energy carrier. The green ammonia market analysis suggests that
it can be stored for long periods and used to generate electricity on demand
through ammonia combustion or fuel cell conversion. Countries investing in the
growth of renewables are increasingly considering green ammonia as a backup
power source, particularly in markets with deep renewable energy penetration.
That green ammonia can be shipped across international markets further enhances
its opportunities as a global energy commodity. With countries pursuing energy
security and net-zero goals, the growth in the green ammonia market is likely
to accelerate, creating new investment opportunities in energy storage
solutions.
Green Ammonia Market Scope
Report
Attributes |
Description |
Market Size in 2025 |
USD 1.92 Billion |
Market
Forecast in 2035 |
USD 8.42
Billion |
CAGR % 2025-2035 |
67.3% |
Base
Year |
2024 |
Historic Data |
2020-2024 |
Forecast
Period |
2025-2035 |
Report USP
|
Production, Consumption, company
share, company heatmap, company production capacity, growth factors and more |
Segments
Covered |
|
Regional Scope |
|
Country
Scope |
|
Green Ammonia Market Report Segmentation Analysis
The Global Green Ammonia Market Industry
Analysis Is Segmented into by Production Process, by Technology, by Application
and by Region.
The electrolysis segment is anticipated to hold the highest share of
the global green ammonia market during the projected timeframe.
By Production Process, the green
ammonia market is segmented into electrolysis, photocatalysis, and biological
nitrogen fixation. In 2025, the electrolysis emerging as the dominating segment
with 63.0%, due to its efficiency, scalability, and compatibility with
renewable energy sources. Electrolysis-based ammonia production involves
splitting water molecules into hydrogen and oxygen using renewable electricity,
which is then combined with nitrogen from the air through the Haber-Bosch
process to produce carbon-free ammonia. This method eliminates the dependence
on fossil fuels, significantly reducing carbon emissions, making it a preferred
choice for sustainable ammonia production.
The solid oxide electrolysis segment is anticipated to hold the largest
market share over the forecast period.
By Technology, the market is
segmented into Solid Oxide Electrolysis, Proton Exchange Membrane, and Alkaline Water
Electrolysis. The Solid Oxide Electrolysis is the dominating segment since it
is highly efficient, has better technological attributes, and the ability to
operate at high temperature. Solid Oxide Electrolysis Cells (SOECs) employ
ceramic-based electrolytes to produce hydrogen from water by using renewable
electricity and then blended with nitrogen to produce green ammonia. The
process is carried out at high temperature to reduce the energy consumption and
increase the conversion efficiency compared to other electrolysis processes.
Fertilizer segment was the largest market in 2025 and is anticipated to
grow at the highest CAGR in the forecast period.
By Application, the green ammonia
market is segmented into Fertilizer, Transportation, Power Generation,
Industrial Feedstock, and Others. The Fertilizer segment is the dominant
segment since there is a growing demand for green farming and the need to reduce
carbon emissions in fertilizer manufacturing. Ammonia is one of the key
ingredients of nitrogenous fertilizers, and with the world turning attention to
green farming solutions, the adoption of green ammonia as a cleaner substitute
is on the rise. Traditional ammonia production is highly carbon-intensive, but
green ammonia, produced from renewable energy, offers a low-emission
alternative, which is suitable for the fertilizer industry.
The following segments are part of an in-depth analysis of the global green
ammonia market:
Market
Segments |
|
By Production Process |
|
By Technology |
|
By Application |
|
Green Ammonia Market
Share Analysis by Region
Europe is projected to hold the largest share of the global green
ammonia market over the forecast period.
Europe
region is leading the segment with 29.3% in 2025, due to the region's strong
commitment to the uptake of renewables, strict environmental regulations, and
investments in large-scale green hydrogen infrastructure. European countries,
including Germany, the Netherlands, Denmark, and Spain, are at the forefront of
the production and utilization of green ammonia, driven by their ambitious
carbon neutrality targets and decarbonization plans. The European Union's Green
Deal policies, which aim to reduce greenhouse gas emissions and the uptake of
sustainable energy solutions, are also boosting the market growth
significantly. Europe's strong focus on the establishment of a hydrogen economy
and increasing investments in electrolysis-based green ammonia projects further
boost market growth.
Meanwhile, the Asia-Pacific (APAC) region will register the highest CAGR due to increased industrialization, growing renewable energy projects, and increasing government initiatives for green hydrogen and ammonia adoption. Countries such as China, Japan, India, and Australia are witnessing increased investments in green energy projects, which will make APAC a high-growth market for green ammonia over the forecast period.
Green Ammonia Market Competition Landscape Analysis
Global green ammonia market is
marked by robust competition among key players focusing on innovation,
strategic expansion, and sustainability. Continuous research and development
efforts lead to the introduction of advanced green ammonia formulations with
improved performance characteristics, catering to evolving industry demands.
Global Green Ammonia
Market Recent Developments News:
In October 2024, Saipem, in collaboration
with Nel ASA, has introduced IVHY™ 100, a 100 MW modular and scalable green
hydrogen solution to support the decarbonization of hard-to-abate industries
and renewable hydrogen production. Nel will provide its alkaline and PEM
electrolyzer technologies and technical services, while Saipem will cover
engineering, procurement, and construction (EPC) of the hydrogen facilities.
In October 2024, First Ammonia has partnered with Topsoe to produce 100 MW solid oxide electrolyzer (SOEC) modules for a green ammonia plant in Victoria, Texas. Production of the modules will begin at Topsoe's new Herning, Denmark, factory, which will be operational by the end of 2024. Each 100 MW module will produce up to 100,000 metric tons of green ammonia annually, with the possibility of saving between 180,000 to 240,000 metric tons of CO2 emissions annually compared to traditional production. The plant is anticipated to commence commercial operations in 2027.
The global green ammonia market
is dominated by a few large companies, such as
·
BASF SE
·
Siemens Energy
·
ENGIE
·
CF Industries Holdings, Inc.
·
Uniper SE
·
Greenko Group
·
First Ammonia
·
Starfire Energy
·
Allied Green Ammonia Pty Ltd
·
thyssenkrupp AG
·
Nel ASA
·
ITM Power PLC
·
Green Hydrogen Systems
·
McPhy Energy S.A.
·
Cummins Inc.
·
Enapter S.r.l.
·
Hiringa Energy Ltd
·
CEEC Global Ltd
·
Hygenco
·
Others
1.
Global
Green Ammonia Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Green Ammonia Market
Scope and Market Estimation
1.2.1. Global Green Ammonia Overall
Market Size (US$ Bn), Market CAGR (%), Market forecast (2025 - 2035)
1.2.2. Global Green Ammonia Market
Revenue Share (%) and Growth Rate (Y-o-Y) from 2021 - 2035
1.3. Market Segmentation
1.3.1. Production Process of Global Green
Ammonia Market
1.3.2. Technology of Global Green
Ammonia Market
1.3.3. Application of Global Green
Ammonia Market
1.3.4. Region of Global Green Ammonia
Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2021 – 2024 and Forecast, 2025 – 2035
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
3.
Global Green Ammonia Market Estimates & Historical Trend Analysis (2021 - 2024)
4.
Global Green Ammonia Market Estimates & Forecast Trend Analysis, by
Production Process
4.1. Global Green Ammonia Market
Revenue (US$ Bn) Estimates and Forecasts, by Production Process, 2021 - 2035
4.1.1. Proton Exchange Membrane
Electrolyzer
4.1.2. Alkaline Electrolyzer
4.1.3. Solid Oxide Electrolyzer
4.1.4. Others
5.
Global Green Ammonia Market Estimates & Forecast Trend Analysis, by
Technology
5.1. Global Green Ammonia Market
Revenue (US$ Bn) Estimates and Forecasts, by Technology, 2021 - 2035
5.1.1. Solar Energy
5.1.2. Wind Energy
5.1.3. Others
6.
Global Green Ammonia Market Estimates & Forecast Trend Analysis, by
Application
6.1. Global Green Ammonia Market
Revenue (US$ Bn) Estimates and Forecasts, by Application, 2021 - 2035
6.1.1.Power
Generation
6.1.2.Transportation
6.1.3.Others
7.
Global Green Ammonia Market Estimates & Forecast Trend Analysis,
by Region
7.1. Global Green Ammonia Market
Revenue (US$ Bn) Estimates and Forecasts, by Region, 2021 - 2035
7.1.1. North America
7.1.2. Eastern Europe
7.1.3. Western Europe
7.1.4. Asia Pacific
7.1.5. Middle East & Africa
7.1.6. Latin America
8.
North
America Green Ammonia Market: Estimates & Forecast Trend Analysis
8.1.
North
America Green Ammonia Market Assessments & Key Findings
8.1.1. North America Green Ammonia
Market Introduction
8.1.2. North America Green Ammonia
Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
8.1.2.1. By Production
Process
8.1.2.2. By Technology
8.1.2.3. By Application
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.
Western
Europe Green Ammonia Market: Estimates & Forecast Trend Analysis
9.1. Western Europe Green Ammonia
Market Assessments & Key Findings
9.1.1. Western Europe Green Ammonia
Market Introduction
9.1.2. Western Europe Green Ammonia
Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
9.1.2.1. By Production
Process
9.1.2.2. By Technology
9.1.2.3. By Application
9.1.2.4.
By
Country
9.1.2.4.1.
Germany
9.1.2.4.2.
Italy
9.1.2.4.3.
U.K.
9.1.2.4.4.
France
9.1.2.4.5.
Spain
9.1.2.4.6.
Benelux
9.1.2.4.7.
Nordics
9.1.2.4.8. Rest
of W. Europe
10. Eastern Europe Green
Ammonia Market: Estimates &
Forecast Trend Analysis
10.1. Eastern Europe Green Ammonia
Market Assessments & Key Findings
10.1.1. Eastern Europe Green Ammonia
Market Introduction
10.1.2. Eastern Europe Green Ammonia
Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
10.1.2.1. By Production
Process
10.1.2.2. By Technology
10.1.2.3. By Application
10.1.2.4. By Country
10.1.2.4.1.
Russia
10.1.2.4.2.
Hungary
10.1.2.4.3.
Poland
10.1.2.4.4.
Balkan & Baltics
10.1.2.4.5. Rest of E. Europe
11. Asia Pacific Green
Ammonia Market: Estimates & Forecast
Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Green Ammonia
Market Introduction
11.1.2. Asia Pacific Green Ammonia
Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
11.1.2.1. By Production
Process
11.1.2.2. By Technology
11.1.2.3. By Application
11.1.2.4. By Country
11.1.2.4.1. China
11.1.2.4.2. Japan
11.1.2.4.3. India
11.1.2.4.4. Australia & New Zealand
11.1.2.4.5. South Korea
11.1.2.4.6. ASEAN
11.1.2.4.7. Rest of Asia Pacific
12. Middle East & Africa Green
Ammonia Market: Estimates &
Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Green
Ammonia Market Introduction
12.1.2. Middle
East & Africa Green
Ammonia Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
12.1.2.1. By Production
Process
12.1.2.2. By Technology
12.1.2.3. By Application
12.1.2.4. By Country
12.1.2.4.1. UAE
12.1.2.4.2. Saudi
Arabia
12.1.2.4.3. Turkey
12.1.2.4.4. South
Africa
12.1.2.4.5. Rest of
MEA
13. Latin America
Green Ammonia Market: Estimates &
Forecast Trend Analysis
13.1. Latin America Market Assessments
& Key Findings
13.1.1. Latin America Green Ammonia
Market Introduction
13.1.2. Latin America Green Ammonia
Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
13.1.2.1. By Production
Process
13.1.2.2. By Technology
13.1.2.3. By Application
13.1.2.4. By Country
13.1.2.4.1. Brazil
13.1.2.4.2. Argentina
13.1.2.4.3. Colombia
13.1.2.4.4. Rest of
LATAM
14. Country Wise Market:
Introduction
15. Competition Landscape
15.1. Global Green Ammonia Market Product
Mapping
15.2. Global Green Ammonia Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
15.3. Global Green Ammonia Market Tier
Structure Analysis
15.4. Global Green Ammonia Market
Concentration & Company Market Shares (%) Analysis, 2023
16. Company Profiles
16.1. BASF SE
16.1.1. Company Overview & Key Stats
16.1.2. Financial Performance & KPIs
16.1.3. Product Portfolio
16.1.4. SWOT Analysis
16.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
16.2. Siemens Energy
16.3. ENGIE
16.4. CF Industries
Holdings, Inc.
16.5. Uniper SE
16.6. Greenko Group
16.7. First Ammonia
16.8. Starfire Energy
16.9. Allied Green
Ammonia Pty Ltd
16.10. thyssenkrupp AG
16.11. Nel ASA
16.12. ITM Power PLC
16.13. Green Hydrogen
Systems
16.14. McPhy Energy S.A.
16.15. Cummins Inc.
16.16. Enapter S.r.l.
16.17. Hiringa Energy Ltd
16.18. CEEC Global Ltd
16.19. Hygenco
16.20. Others
17. Research
Methodology
17.1. External Transportations /
Databases
17.2. Internal Proprietary Database
17.3. Primary Research
17.4. Secondary Research
17.5. Assumptions
17.6. Limitations
17.7. Report FAQs
18. Research Findings & Conclusion
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Green Ammonia Market was valued at USD 1.92 Billion in 2025.
Green Ammonia Market size will increase at approximate CAGR of 67.3% during the forecasted period.
Major companies operating within the market are BASF SE, Siemens Energy, ENGIE, CF Industries Holdings, Inc., Uniper SE, Greenko Group, First Ammonia, and others.
Europe dominates the market with an active share of 29.3%.
Only Three Thousand Four Hundred Ninety Nine US dollar
Only Four Thousand Four Hundred Ninety Nine US dollar
Only Five Thousand Four Hundred Ninety Nine US dollar