Blue Ammonia Market
PUBLISHED: 2024 ID: SMRC26196
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Blue Ammonia Market

Blue Ammonia Market Forecasts to 2030 - Global Analysis By Manufacturing Process (Thermochemical Process, Steam Methane Reforming (SMR), Electrochemical Process and Gas Partial Oxidation), Distribution Channel, Technology, Application, End User and By Geography

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4.5 (68 reviews)
Published: 2024 ID: SMRC26196

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Blue Ammonia Market is accounted for $13.7 billion in 2023 and is expected to reach $23.4 billion by 2030 growing at a CAGR of 7.9% during the forecast period. Blue ammonia refers to a promising sustainable energy carrier, derived from the synthesis of ammonia using renewable energy sources like wind or solar power. Unlike traditional ""gray"" ammonia production, which emits significant greenhouse gases, blue ammonia production involves capturing and storing carbon emissions, making it environmentally friendly. Blue ammonia holds potential for various applications, including as a clean fuel for power generation, transportation, and industrial processes, contributing to global efforts to mitigate climate change while meeting energy demands sustainably.

Market Dynamics: 

Driver: 

Increasing demand for low-carbon intensive chemicals

As industries and consumers increasingly prioritize sustainability, there is a rising demand for low-carbon-intensive chemicals across various sectors such as agriculture, transportation, and manufacturing and is produced with carbon capture and storage (CCS) technologies, aligns with this demand and offers a viable solution for reducing carbon emissions in chemical production processes. Industries seeking to reduce their carbon footprint may favour Blue Ammonia over traditional ammonia produced from fossil fuels, driving market expansion and growth for Blue Ammonia producers. 

Restraint:

High production cost

High production costs can lead to reduced profit margins for Blue Ammonia producers, making it financially challenging to sustain operations and invest in further research and development and may deter potential investors from funding Blue Ammonia projects or expanding existing production facilities. Thus Blue Ammonia producers may become overly reliant on government subsidies or incentives to offset high production costs and remain competitive in the market. Dependency on subsidies introduces market instability and vulnerability to policy changes, potentially disrupting business operations and investment decisions.

Opportunity:

Growing use in transportation and power generation

Traditionally used in fertilizer production, Blue Ammonia finds new applications in transportation and power generation, diversifying its end-use markets. As industries seek cleaner alternatives to conventional fuels like diesel and coal, the use of Blue Ammonia offers a promising solution for reducing carbon emissions while meeting energy needs. This diversification reduces the reliance on specific industries and enhances the resilience of the Blue Ammonia market to fluctuations in demand or market conditions. 

Threat:

Lack of regulatory frameworks 

Industries operating in regions with lax regulations on carbon emissions may continue to favor traditional ammonia production methods over Blue Ammonia, which requires additional investment in carbon capture and storage (CCS) technologies. Thus without regulatory frameworks guiding the transition to low-carbon ammonia production, resources may be allocated inefficiently, leading to continued reliance on carbon-intensive production methods. This inefficiency can delay progress towards carbon neutrality goals and hinder efforts to mitigate climate change.

Covid-19 Impact

While initial disruptions in supply chains and decreased industrial activity affected demand, the focus on building resilient and sustainable economies post-pandemic has led to renewed interest in low-carbon alternatives. Governments' stimulus packages supporting green recovery initiatives and increasing investments in renewable energy and decarbonization efforts have bolstered the Blue Ammonia market. Additionally, the pandemic has accelerated the transition towards cleaner energy sources, driving the adoption of Blue Ammonia as a promising solution for reducing carbon emissions in various sectors like transportation and power generation.

The thermochemical process segment is expected to be the largest during the forecast period

The thermochemical process segment is estimated to have a lucrative growth, as thermochemical processes often generate carbon dioxide (CO2) as a byproduct. However, in Blue Ammonia production, CCS technologies capture the CO2 emissions, preventing them from being released into the atmosphere. The effectiveness of CCS in capturing and storing CO2 emissions from thermochemical processes is crucial for reducing the carbon footprint of Blue Ammonia and making it a viable low-carbon alternative.

The power generation segment is expected to have the highest CAGR during the forecast period

The power generation segment is anticipated to witness the highest CAGR growth during the forecast period, owing to the increasing adoption of renewable energy for power generation contributes to the growth of the Blue Ammonia market. As governments and industries worldwide commit to reducing carbon emissions and transitioning to cleaner energy sources, the demand for low-carbon fuels and chemicals like Blue Ammonia is expected to rise. Power generation from renewables provides a sustainable pathway for expanding Blue Ammonia production capacity.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the Asia Pacific region which are implementing policies and incentives to promote the development and adoption of blue ammonia as a clean energy carrier. These initiatives include carbon pricing mechanisms, subsidies for CCS projects, and research funding for ammonia-related technologies. Thus blue ammonia can be used as a feedstock for hydrogen production or directly as a fuel in transportation, industry, and power generation in this region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the proactive efforts of key market players within this region who are actively engaged in the development of various infrastructures for blue ammonia production. Linde successfully entered into a lasting contract to provide environmentally friendly hydrogen and various industrial gases to OCI's expansive blue ammonia plant situated in Beaumont, Texas. This state-of-the-art facility will be seamlessly integrated into Linde's extensive industrial gas infrastructure within the Gulf Coast region.

Key players in the market

Some of the key players in the Blue Ammonia Market include ADNOC Group, Air Liquide S.A., Air Products and Chemicals, Inc, Ammonia Casale S.A., CF Industries Holdings, Inc., ExxonMobil Corporation, Haldor Topsoe A/S, Linde ple, MA'ADEN Ma'aden, Mitsubishi Heavy Industries, Ltd, OCI, Qatar Fertiliser Company, Saudi Arabian Oil Company Saudi Aramco, Shell plc, Siemens Energy AG, TechnipFMC ple, thyssenkrupp AG, Uniper SE and Yara International ASA  

Key Developments:

In April 2024, Air Liquide strengthens its Home Healthcare activity with an acquisition in Belgium and the Netherlands. With a turnover of more than €10 million in 2023, they are supported by around fifty employees who have joined the Air Liquide Group. 

In April 2024, Air Products Announces Plans to Build Network of Commercial-Scale Multi-Modal Hydrogen Refueling Stations Connecting Edmonton and Calgary, Alberta, Canada. This hydrogen infrastructure will help Western Canada reach a goal of 5,000 hydrogen or dual fuel vehicles on the road in five years

Manufacturing Processes Covered:
• Thermochemical Process 
• Steam Methane Reforming (SMR) 
• Electrochemical Process 
• Gas Partial Oxidation 
 
Distribution Channels Covered:
• E-commerce
• Distribution/Wholesalers
• Direct Sale

Technologies Covered:
• AutoThermal Reforming (ATR)
• Haber-Bosch Process

Applications Covered:
• Polymers
• Fertilizers
• Power Generation
• Pharmaceuticals
• Renewable Energy Integration
• Grid-Scale Energy Storage
• Other Applications

End Users Covered:
• Automotive 
• Chemical & Petrochemicals 
• Power Generation 
• Agriculture 
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface          
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Technology Analysis       
 3.7 Application Analysis       
 3.8 End User Analysis        
 3.9 Emerging Markets        
 3.10 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Blue Ammonia Market, By Manufacturing Process     
 5.1 Introduction        
 5.2 Thermochemical Process       
 5.3 Steam Methane Reforming (SMR)      
 5.4 Electrochemical Process       
 5.5 Gas Partial Oxidation       
           
6 Global Blue Ammonia Market, By Distribution Channel     
 6.1 Introduction        
 6.2 E-commerce        
 6.3 Distribution/Wholesalers       
 6.4 Direct Sale        
           
7 Global Blue Ammonia Market, By Technology      
 7.1 Introduction        
 7.2 AutoThermal Reforming (ATR)       
 7.3 Haber-Bosch Process       
           
8 Global Blue Ammonia Market, By Application      
 8.1 Introduction        
 8.2 Polymers         
 8.3 Fertilizers        
 8.4 Power Generation        
 8.5 Pharmaceuticals        
 8.6 Renewable Energy Integration       
 8.7 Grid-Scale Energy Storage       
 8.8 Other Applications        
           
9 Global Blue Ammonia Market, By End User      
 9.1 Introduction        
 9.2 Automotive        
 9.3 Chemical & Petrochemicals       
 9.4 Power Generation        
 9.5 Agriculture        
 9.6 Other End Users        
           
10 Global Blue Ammonia Market, By Geography      
 10.1 Introduction        
 10.2 North America        
  10.2.1 US        
  10.2.2 Canada        
  10.2.3 Mexico        
 10.3 Europe         
  10.3.1 Germany        
  10.3.2 UK        
  10.3.3 Italy        
  10.3.4 France        
  10.3.5 Spain        
  10.3.6 Rest of Europe       
 10.4 Asia Pacific        
  10.4.1 Japan        
  10.4.2 China        
  10.4.3 India        
  10.4.4 Australia        
  10.4.5 New Zealand       
  10.4.6 South Korea       
  10.4.7 Rest of Asia Pacific       
 10.5 South America        
  10.5.1 Argentina       
  10.5.2 Brazil        
  10.5.3 Chile        
  10.5.4 Rest of South America      
 10.6 Middle East & Africa       
  10.6.1 Saudi Arabia       
  10.6.2 UAE        
  10.6.3 Qatar        
  10.6.4 South Africa       
  10.6.5 Rest of Middle East & Africa      
           
11 Key Developments         
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 11.2 Acquisitions & Mergers       
 11.3 New Product Launch       
 11.4 Expansions        
 11.5 Other Key Strategies       
           
12 Company Profiling         
 12.1 ADNOC Group        
 12.2 Air Liquide S.A.        
 12.3 Air Products and Chemicals, Inc      
 12.4 Ammonia Casale S.A.       
 12.5 CF Industries Holdings, Inc.       
 12.6 ExxonMobil Corporation       
 12.7 Haldor Topsoe A/S        
 12.8 Linde ple         
 12.9 MA'ADEN Ma'aden        
 12.10 Mitsubishi Heavy Industries, Ltd      
 12.11 OCI         
 12.12 Qatar Fertiliser Company       
 12.13 Saudi Arabian Oil Company Saudi Aramco     
 12.14 Shell plc         
 12.15 Siemens Energy AG        
 12.16 TechnipFMC ple        
 12.17 thyssenkrupp AG        
 12.18 Uniper SE         
 12.19 Yara International ASA       
           
List of Tables          
1 Global Blue Ammonia Market Outlook, By Region (2021-2030) ($MN)    
2 Global Blue Ammonia Market Outlook, By Manufacturing Process (2021-2030) ($MN)  
3 Global Blue Ammonia Market Outlook, By Thermochemical Process (2021-2030) ($MN)  
4 Global Blue Ammonia Market Outlook, By Steam Methane Reforming (SMR) (2021-2030) ($MN) 
5 Global Blue Ammonia Market Outlook, By Electrochemical Process (2021-2030) ($MN)  
6 Global Blue Ammonia Market Outlook, By Gas Partial Oxidation (2021-2030) ($MN)   
7 Global Blue Ammonia Market Outlook, By Distribution Channel (2021-2030) ($MN)   
8 Global Blue Ammonia Market Outlook, By E-commerce (2021-2030) ($MN)   
9 Global Blue Ammonia Market Outlook, By Distribution/Wholesalers (2021-2030) ($MN)  
10 Global Blue Ammonia Market Outlook, By Direct Sale (2021-2030) ($MN)    
11 Global Blue Ammonia Market Outlook, By Technology (2021-2030) ($MN)   
12 Global Blue Ammonia Market Outlook, By AutoThermal Reforming (ATR) (2021-2030) ($MN)  
13 Global Blue Ammonia Market Outlook, By Haber-Bosch Process (2021-2030) ($MN)   
14 Global Blue Ammonia Market Outlook, By Application (2021-2030) ($MN)   
15 Global Blue Ammonia Market Outlook, By Polymers (2021-2030) ($MN)    
16 Global Blue Ammonia Market Outlook, By Fertilizers (2021-2030) ($MN)    
17 Global Blue Ammonia Market Outlook, By Power Generation (2021-2030) ($MN)   
18 Global Blue Ammonia Market Outlook, By Pharmaceuticals (2021-2030) ($MN)   
19 Global Blue Ammonia Market Outlook, By Renewable Energy Integration (2021-2030) ($MN)  
20 Global Blue Ammonia Market Outlook, By Grid-Scale Energy Storage (2021-2030) ($MN)  
21 Global Blue Ammonia Market Outlook, By Other Applications (2021-2030) ($MN)   
22 Global Blue Ammonia Market Outlook, By End User (2021-2030) ($MN)    
23 Global Blue Ammonia Market Outlook, By Automotive (2021-2030) ($MN)   
24 Global Blue Ammonia Market Outlook, By Chemical & Petrochemicals (2021-2030) ($MN)  
25 Global Blue Ammonia Market Outlook, By Power Generation (2021-2030) ($MN)   
26 Global Blue Ammonia Market Outlook, By Agriculture (2021-2030) ($MN)   
27 Global Blue Ammonia Market Outlook, By Other End Users (2021-2030) ($MN)   
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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