Report Description Table of Contents The clean ammonia market was worth USD 1.8 billion in 2023 and will be worth USD 3.85 billion by 2030, growing at a CAGR of 10% during the forecast period. The clean ammonia market is developing depending on the general tendencies toward reducing carbon emissions and the need for eco-friendly fuels and fertilizers. Green processes for ammonia production have been developed as green and blue methods with little or no CO2 emissions. The current global ammonia production is estimated to contribute approximately 1.8% of the global CO2 emissions, leading to the search for cleaner nitrogen sources. In 2023, METI in Japan revealed it would invest in clean ammonia projects with the goal of utilizing green ammonia as a fuel for power generation to slash emissions. Also, more and more governments are setting targets for net-zero emission, and many industries are now using clean ammonia for such uses as hydrogen transportation and clean energy storage which will enhance the demand and development of clean ammonia. The clean ammonia market has enormous potential as more industries and governments around the globe look for new and cleaner fuels and alternates to achieve the desired net-zero emission goals. The world’s green ammonia production is expected to reach 10 million tonnes per annum by 2030 owing to the rise in investment in renewable energy sources of wind and solar. For instance, in 2023, Norway’s Yara International unveiled intentions to partner with a group of renewable energy firms to build a 500,000 tons per annum green ammonia processing plant in Norway. This plant intends to harness wind energy and thus cutting down on emission values compared to the production of normal ammonia. Furthermore, the global market prospects increase with the adoption of clean ammonia as a hydrogen carrier and a zero-emission fuel in the energy and transportation sectors such as shipping and power generation for the industries providing massive value-addition for producers and technology developers. Market Segmentation By Production Method: Green Ammonia (Produced using Renewable Energy) Blue Ammonia (Produced using Natural Gas with Carbon Capture and Storage) Gray Ammonia (Produced using Conventional Methods with Carbon Offsetting) By Application: Fertilizers Fuel for Power Generation Hydrogen Carrier Marine Fuel Industrial Feedstock Transportation (Heavy-Duty Vehicles) By End-User Industry: Agriculture Energy & Power Marine & Shipping Transportation Chemicals & Petrochemicals Industrial Manufacturing By Distribution Channel: Direct Sales Distributors Online Platforms By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA Europe stands as the largest market for clean ammonia due to its policies that involve severe efforts towards decarbonization, along with profound investment in renewable energy structures. The European Union has set itself a target of cutting its greenhouse gas emissions by at least 55% by 2030 and achieving net-zero emissions by 2050, which has led to a growing interest in clean ammonia as a green fuel and hydrogen carrier. In this year 2023, Germany entered large-scale green ammonia plan including Siemens Energy that plans to construct a green ammonia plant with production capacity of 30,000 tons per year rely on renewable electricity from the offshore wind power. This scheme fully supports the EU’s Hydrogen Strategy that focuses on clean hydrogen and ammonia for industrial uses and transport sector. The Europe region is the most developed in terms of renewable energy and has more strong and favourable policies for clean ammonia.” Key Players Yara International ASA Siemens Energy AG CF Industries Holdings, Inc. Nutrien Ltd. Thyssenkrupp AG OCI N.V. Air Products and Chemicals, Inc. Saudi Arabian Oil Company (Saudi Aramco) Iberdrola Mitsubishi Heavy Industries, Ltd. Clean Ammonia Market Report Coverage Report Attribute Details Forecast Period 2023 – 2030 Market Size Value in 2023 USD 1.8 billion Revenue Forecast in 2030 USD 3.85 billion Overall Growth Rate CAGR of 10% Base Year for Estimation 2022 Historical Data 2017 – 2021 Unit USD Billion, CAGR (2023 - 2030) Segmentation By Production Method, By Application, By End-User Industry, By Distribution Channel, By Region By Production Method Green Ammonia (Produced using Renewable Energy), Blue Ammonia (Produced using Natural Gas with Carbon Capture and Storage), Gray Ammonia (Produced using Conventional Methods with Carbon Offsetting) By Application Fertilizers, Fuel for Power Generation, Hydrogen Carrier, Marine Fuel, Industrial Feedstock, Transportation (Heavy-Duty Vehicles) By End-User Industry Agriculture, Energy & Power, Marine & Shipping, Transportation, Chemicals & Petrochemicals, Industrial Manufacturing By Distribution Channel Direct Sales, Distributors, Online Platforms By Region North America, Europe, Asia Pacific, LAMEA Country Scope US, Mexico, Canada, Germany, UK, France, China, Japan, India, etc. Pricing and Purchase Options Avail customized purchase options to meet your exact research needs. Frequently Asked Question About This Report How big is the Clean Ammonia Market? The clean ammonia market was valued at USD 1.8 billion in 2023 and is projected to reach USD 3.85 billion by 2030, growing at a CAGR of 10% during the forecast period. What are the key factors driving the growth of the Clean Ammonia Market? The global shift towards reducing carbon emissions and the need for eco-friendly fuels and fertilizers are primary factors driving the growth of the clean ammonia market. Who are the major players in the Clean Ammonia Market? Leading companies in the clean ammonia market include Yara International ASA, Siemens Energy AG, CF Industries Holdings, Inc., and Nutrien Ltd. Which region held the largest Clean Ammonia Market share? Europe is the most developed region in terms of renewable energy and has strong and favorable policies for clean ammonia, leading to its dominance in the market. Which application had the largest Clean Ammonia Market share? The fertilizers segment holds the largest share in the clean ammonia market, as ammonia is a key component in the production of fertilizers essential for agriculture. . Table of Contents 1. CLEAN AMMONIA MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. CLEAN AMMONIA MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – CLEAN AMMONIA MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Production Method of CLEAN AMMONIA and End-Use Outlook Analysis 4. HISTORIC TRENDS IN CLEAN AMMONIA MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA CLEAN AMMONIA MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America CLEAN AMMONIA Historical Market ($MILLION), (2017 – 2023) 6.2. North America CLEAN AMMONIA Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Production Method 6.3.1. Green Ammonia (Produced using Renewable Energy) 6.3.2. Blue Ammonia (Produced using Natural Gas with Carbon Capture and Storage) 6.3.3. Gray Ammonia (Produced using Conventional Methods with Carbon Offsetting) 6.4. North America CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Distribution Channel 6.4.1. Direct Sales 6.4.2. Distributors 6.4.3. Online Platforms 6.5. North America CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.5.1. Fertilizers 6.5.2. Fuel for Power Generation 6.5.3. Hydrogen Carrier 6.5.4. Marine Fuel 6.5.5. Industrial Feedstock 6.5.6. Transportation (Heavy-Duty Vehicles) 6.6. North America CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User Industry 6.6.1. Agriculture 6.6.2. Energy & Power 6.6.3. Marine & Shipping 6.6.4. Transportation 6.6.5. Chemicals & Petrochemicals 6.6.6. Industrial Manufacturing 6.7. North America CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA CLEAN AMMONIA MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE CLEAN AMMONIA MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe CLEAN AMMONIA Historical Market ($MILLION), (2017 – 2023) 8.2. Europe CLEAN AMMONIA Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Production Method 8.4. Europe CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Distribution Channel 8.5. Europe CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.6. Europe CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User Industry 8.7. Europe CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC CLEAN AMMONIA MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC CLEAN AMMONIA Historical Market ($MILLION), (2017 – 2023) 9.2. APAC CLEAN AMMONIA Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Production Method 9.4. APAC CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Distribution Channel 9.5. APAC CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.6. APAC CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User Industry 9.7. APAC CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA CLEAN AMMONIA MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America CLEAN AMMONIA Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America CLEAN AMMONIA Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Production Method 10.4. Latin America CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Distribution Channel 10.5. Latin America CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.6. Latin America CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User Industry 10.7. Latin America CLEAN AMMONIA Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. YARA INTERNATIONAL ASA 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Siemens Energy AG 11.3. CF Industries Holdings, Inc. 11.4. Nutrien Ltd. 11.5. Thyssenkrupp AG 11.6. OCI N.V. 11.7. Air Products and Chemicals, Inc. 11.8. OTHER MARKET PLAYERS