Table of Content

1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.2.1 INCLUSIONS AND EXCLUSIONS 33
1.3 MARKET SCOPE 33
1.3.1 MARKET SEGMENTATION 33
1.3.2 REGIONAL SCOPE 34
1.3.3 YEARS CONSIDERED 34
1.4 CURRENCY CONSIDERED 34
1.5 LIMITATIONS 35
1.6 STAKEHOLDERS 36
1.7 SUMMARY OF CHANGES 36
1.8 IMPACT OF RECESSION ON DIFFERENT GEOGRAPHIES 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 1 GREEN AMMONIA MARKET: RESEARCH DESIGN 38
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 39
2.2.1 SECONDARY DATA 39
2.2.1.1 Key data from secondary sources 40
2.2.2 PRIMARY DATA 40
2.2.2.1 Key data from primary sources 41
2.2.2.2 Breakdown of primary interviews 41
FIGURE 2 BREAKDOWN OF PRIMARIES 42
2.3 MARKET SIZE ESTIMATION 42
2.3.1 BOTTOM-UP APPROACH 42
FIGURE 3 GREEN AMMONIA MARKET: BOTTOM-UP APPROACH 43
2.3.2 TOP-DOWN APPROACH 43
FIGURE 4 GREEN AMMONIA MARKET: TOP-DOWN APPROACH 44
2.3.3 DEMAND-SIDE METRICS 44
FIGURE 5 METRICS CONSIDERED TO ANALYZE DEMAND FOR GREEN AMMONIA 44
2.3.3.1 Assumptions for demand-side analysis 45
2.3.3.2 Calculations for demand-side analysis 45
2.3.4 SUPPLY-SIDE ANALYSIS 46
2.3.4.1 Assumptions and calculations 46
FIGURE 6 GREEN AMMONIA INDUSTRY PLAYER CONCENTRATION, 2021 46
2.4 FORECAST 46
2.5 IMPACT OF RECESSION 47
3 EXECUTIVE SUMMARY 48
TABLE 1 GREEN AMMONIA MARKET SNAPSHOT 49
FIGURE 7 EUROPE HELD LARGEST SHARE OF GREEN AMMONIA MARKET IN 2022 49
FIGURE 8 ALKALINE WATER ELECTROLYSIS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF GREEN AMMONIA MARKET, BY TECHNOLOGY, THROUGHOUT FORECAST PERIOD 50
FIGURE 9 INDUSTRIAL FEEDSTOCK SEGMENT TO CAPTURE LARGEST SHARE OF GREEN AMMONIA MARKET IN 2030 51
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GREEN AMMONIA MARKET 52
FIGURE 10 HIGH DEMAND FOR LONG-TERM POWER STORAGE SOLUTIONS TO FUEL GREEN AMMONIA MARKET GROWTH 52
4.2 GREEN AMMONIA MARKET, BY REGION 52
FIGURE 11 GREEN AMMONIA MARKET IN REST OF THE WORLD TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 52
4.3 GREEN AMMONIA MARKET IN EUROPE, BY END-USE APPLICATION AND COUNTRY, 2022 53
FIGURE 12 INDUSTRIAL FEEDSTOCK AND GERMANY DOMINATED EUROPEAN GREEN AMMONIA MARKET IN 2022 53
4.4 GREEN AMMONIA MARKET, BY TECHNOLOGY 53
FIGURE 13 SOLID OXIDE ELECTROLYSIS TECHNOLOGY TO RECORD HIGHEST CAGR IN GREEN AMMONIA MARKET FROM 2023 TO 2030 53
4.5 GREEN AMMONIA MARKET, BY END-USE APPLICATION 54
FIGURE 14 INDUSTRIAL FEEDSTOCK SEGMENT TO ACCOUNT FOR LARGEST SHARE OF GREEN AMMONIA MARKET IN 2030 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 55
FIGURE 15 GREEN AMMONIA MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 55
5.2.1 DRIVERS 56
5.2.1.1 Need to store renewable energy for longer term 56
FIGURE 16 GLOBAL RENEWABLE ENERGY CAPACITY TREND, BY SOURCE, 2021 56
FIGURE 17 COUNTRY-LEVEL ANALYSIS OF RENEWABLE ENERGY GENERATION, BY SOURCE, 2021 57
5.2.1.2 Enforcement of regulatory policies and provision of incentives to reduce GHG emissions 57
FIGURE 18 GREENHOUSE GAS EMISSIONS WITNESSED BY TOP 8 GEOGRAPHIES, 2021 58
5.2.1.3 Increased need for eco-friendly fertilizers with rising agricultural production 58
5.2.2 RESTRAINTS 58
5.2.2.1 High initial cost to set up green ammonia plant 58
5.2.3 OPPORTUNITIES 59
5.2.3.1 Potential of ammonia as maritime fuel 59
5.2.3.2 Increasing focus on building hydrogen-based economy 59
5.2.4 CHALLENGES 60
5.2.4.1 Lack of information about green ammonia among chemical manufacturers 60
5.2.4.2 Low level of technology readiness for using ammonia as zero-carbon fertilizer, fuel, and energy storage 60
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 61
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PROVIDERS OF GREEN AMMONIA 61
FIGURE 19 REVENUE SHIFT FOR GREEN AMMONIA PROVIDERS 61
5.4 VALUE/SUPPLY CHAIN ANALYSIS 62
FIGURE 20 GREEN AMMONIA MARKET: SUPPLY CHAIN ANALYSIS 62
5.4.1 TECHNOLOGY PROVIDERS 62
5.4.2 ANCILLARY EQUIPMENT MANUFACTURERS 62
5.4.3 CHEMICAL PROVIDERS 62
5.4.4 AMMONIA PLANT EPC COMPANIES 62
5.4.5 END USERS 63
TABLE 2 KEY COMPANIES AND THEIR ROLE IN GREEN AMMONIA ECOSYSTEM 63
5.5 MARKET MAP 64
FIGURE 21 GREEN AMMONIA MARKET MAPPING 64
5.6 TECHNOLOGY ANALYSIS 64
5.6.1 RECENT ADVANCEMENTS IN GREEN AMMONIA PRODUCTION PROCESS 64
5.7 PATENT ANALYSIS 65
5.7.1 MAJOR PATENTS 65
TABLE 3 GREEN AMMONIA: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2016–NOVEMBER 2022 65
5.8 TARIFF AND REGULATORY FRAMEWORK 66
5.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 4 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 5 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 6 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
5.8.2 REGULATORY FRAMEWORK 68
TABLE 7 REGULATORY FRAMEWORK: GREEN AMMONIA MARKET, BY REGION 68
5.9 KEY CONFERENCES AND EVENTS, 2023 69
TABLE 8 KEY CONFERENCES AND EVENTS 69
5.10 TRADE ANALYSIS 70
5.10.1 HS CODE 2814 70
5.10.1.1 Export scenario 70
TABLE 9 EXPORT SCENARIO FOR HS CODE 2814, BY COUNTRY, 2019–2021 (USD) 70
FIGURE 22 EXPORT DATA FOR HS CODE 2814 FOR TOP 5 COUNTRIES, 2019–2021 (USD) 71
5.10.1.2 Import scenario 71
TABLE 10 IMPORT SCENARIO FOR HS CODE 2814, BY COUNTRY, 2019–2021 (USD) 71
FIGURE 23 IMPORT DATA FOR HS CODE 2814 FOR TOP 5 COUNTRIES, 2019–2021 (USD) 72
5.10.2 HS CODE 280410 72
5.10.2.1 Export scenario 72
TABLE 11 EXPORT SCENARIO FOR HS CODE 280410, BY COUNTRY, 2019–2021 (USD) 72
FIGURE 24 EXPORT DATA FOR HS CODE 280410 FOR TOP 5 COUNTRIES, 2019–2021 (USD) 73
5.10.2.2 Import scenario 73
TABLE 12 IMPORT SCENARIO FOR HS CODE 280410, BY COUNTRY, 2019–2021 (USD) 73
FIGURE 25 IMPORT DATA FOR HS CODE 280410 FOR TOP 5 COUNTRIES, 2019–2021 (USD) 74
5.10.3 HS CODE 280430 74
5.10.3.1 Export scenario 74
TABLE 13 EXPORT SCENARIO FOR HS CODE 280430, BY COUNTRY, 2019–2021 (USD) 74
FIGURE 26 EXPORT DATA FOR HS CODE 280430 FOR TOP 5 COUNTRIES, 2019–2021 (USD) 75
5.10.3.2 Import scenario 75
TABLE 14 IMPORT SCENARIO FOR HS CODE 280430, BY COUNTRY, 2019–2021 (USD) 75
FIGURE 27 IMPORT DATA FOR HS CODE 280430 TOP 5 COUNTRIES, 2019–2021 (USD) 76
5.11 PRICING ANALYSIS 76
5.11.1 AVERAGE LEVELIZED COST, BY REGION 76
TABLE 15 GREEN AMMONIA AVERAGE LEVELIZED COST FOR GRID PPA, BY REGION 76
TABLE 16 GREEN AMMONIA AVERAGE LEVELIZED COST FOR DEDICATED VARIABLE RENEWABLE ENERGY GRID PPA, BY REGION 76
5.12 CASE STUDY ANALYSIS 77
5.12.1 DOWNSCALING HABER-BOSCH 77
5.12.1.1 Problem statement 77
5.12.1.2 Solution 77
5.12.2 STORING AND TRANSPORTING RENEWABLE ENERGY 77
5.12.2.1 Problem statement 77
5.12.2.2 Solution 77
5.13 PORTER’S FIVE FORCES ANALYSIS 78
FIGURE 28 PORTER’S FIVE FORCES ANALYSIS FOR GREEN AMMONIA MARKET 78
TABLE 17 GREEN AMMONIA MARKET: PORTER’S FIVE FORCES ANALYSIS 78
5.13.1 THREAT OF SUBSTITUTES 79
5.13.2 BARGAINING POWER OF SUPPLIERS 79
5.13.3 BARGAINING POWER OF BUYERS 79
5.13.4 THREAT OF NEW ENTRANTS 79
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 80
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5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 80
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 80
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS 80
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS (%) 80
5.14.2 BUYING CRITERIA 81
FIGURE 30 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS 81
TABLE 19 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS 81
6 KEY ELEMENTS IN GREEN AMMONIA PRODUCTION 82
6.1 NECESSARY ELEMENTS TO PRODUCE GREEN AMMONIA 82
FIGURE 31 GREEN AMMONIA PRODUCTION PROCESS AND ELEMENTS 82
6.1.1 POWER SOURCE 82
TABLE 20 RENEWABLE POWER PROVIDERS 83
6.1.2 ELECTROLYZERS 83
TABLE 21 ELECTROLYZER PROVIDERS 83
6.1.3 HABER-BOSCH REACTORS 84
TABLE 22 HABER-BOSCH REACTOR PROVIDERS 84
6.1.4 AIR SEPARATION UNITS 84
TABLE 23 AIR SEPARATION UNIT PROVIDERS 84
6.1.5 AMMONIA STORAGE UNITS 85
TABLE 24 AMMONIA STORAGE UNIT PROVIDERS 85
7 GREEN AMMONIA MARKET, BY TECHNOLOGY 86
7.1 INTRODUCTION 87
FIGURE 32 GREEN AMMONIA MARKET: BY TECHNOLOGY, 2022 87
TABLE 25 GREEN AMMONIA MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 87
TABLE 26 GREEN AMMONIA MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION) 88
7.2 ALKALINE WATER ELECTROLYSIS 88
7.2.1 RELATIVELY MATURE AND COST-EFFECTIVE TECHNOLOGY 88
TABLE 27 ALKALINE WATER ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2018–2022 (USD MILLION) 88
TABLE 28 ALKALINE WATER ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2023–2030 (USD MILLION) 89
7.3 PROTON EXCHANGE MEMBRANE (PEM) ELECTROLYSIS 89
7.3.1 HIGHLY FLEXIBLE TECHNOLOGY HAVING GOOD COUPLING WITH DYNAMIC AND INTERMITTENT RENEWABLE ENERGY SYSTEMS 89
TABLE 29 PROTON EXCHANGE MEMBRANE ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2018–2022 (USD MILLION) 90
TABLE 30 PROTON EXCHANGE MEMBRANE ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2023–2030 (USD MILLION) 90
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7.4 SOLID OXIDE ELECTROLYSIS (SOE) 90
7.4.1 EFFICIENT TECHNOLOGY THAT REDUCES NEED FOR ELECTRICITY WHILE PRODUCING HYDROGEN 90
TABLE 31 SOLID OXIDE ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2018–2022 (USD MILLION) 91
TABLE 32 SOLID OXIDE ELECTROLYSIS: GREEN AMMONIA MARKET, BY REGION, 2023–2030 (USD MILLION) 91
8 GREEN AMMONIA MARKET, BY END-USE APPLICATION 92
8.1 INTRODUCTION 93
FIGURE 33 GREEN AMMONIA MARKET: BY END-USE APPLICATION, 2022 93
TABLE 33 GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 93
TABLE 34 GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 93
8.2 POWER GENERATION 94
8.2.1 CONTINUES TO BE MOST DOMINANT SEGMENT IN GREEN AMMONIA MARKET 94
TABLE 35 POWER GENERATION: GREEN AMMONIA MARKET, BY REGION, 2018–2022 (USD MILLION) 94
TABLE 36 POWER GENERATION: GREEN AMMONIA MARKET, BY REGION, 2023–2030 (USD MILLION) 94
8.3 TRANSPORTATION 95
8.3.1 INCREASING INVESTMENTS IN FUEL CELL PROJECTS TO DRIVE MARKET 95
TABLE 37 TRANSPORTATION: GREEN AMMONIA MARKET, BY REGION, 2018–2022 (USD MILLION) 95
TABLE 38 TRANSPORTATION: GREEN AMMONIA MARKET, BY REGION, 2023–2030 (USD MILLION) 95
8.4 INDUSTRIAL FEEDSTOCK 96
8.4.1 VAST PRODUCTION OF AMMONIA FOR AGRICULTURAL FERTILIZERS TO BOOST MARKET 96
TABLE 39 INDUSTRIAL FEEDSTOCKS: GREEN AMMONIA MARKET, BY REGION, 2018–2022 (USD MILLION) 96
TABLE 40 INDUSTRIAL FEEDSTOCKS: GREEN AMMONIA MARKET, BY REGION, 2023–2030 (USD MILLION) 96
9 GREEN AMMONIA MARKET, BY REGION 97
9.1 INTRODUCTION 98
FIGURE 34 ASIA PACIFIC ACCOUNTED FOR SECOND-LARGEST SHARE OF GREEN AMMONIA MARKET IN 2022 98
TABLE 41 GREEN AMMONIA MARKET, BY REGION, 2018–2022 (USD MILLION) 99
TABLE 42 GREEN AMMONIA MARKET, BY REGION, 2023–2030 (USD MILLION) 99
TABLE 43 GREEN AMMONIA MARKET, BY REGION, 2018–2022 (MILLION TONS) 99
TABLE 44 GREEN AMMONIA MARKET, BY REGION, 2023–2030 (MILLION TONS) 100
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9.2 EUROPE 100
FIGURE 35 EUROPE: SNAPSHOT OF GREEN AMMONIA MARKET 101
9.2.1 RECESSION IMPACT: EUROPE 101
9.2.2 MACRO FACTORS 102
9.2.2.1 Ammonia production 102
TABLE 45 EUROPE: AMMONIA PRODUCTION, BY COUNTRY, 2015–2021 (MILLION STANDARD CUBIC FEET PER DAY) 102
9.2.2.2 Hydrogen generation 102
TABLE 46 EUROPE: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 102
9.2.2.3 Installed renewable capacity 102
TABLE 47 EUROPE: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW) 102
9.2.2.4 Greenhouse gas emissions 103
TABLE 48 EUROPE: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2015–2021 (MILLION TONS OF CO2) 103
9.2.3 BY TECHNOLOGY 103
TABLE 49 EUROPE: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 103
TABLE 50 EUROPE: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION) 103
9.2.4 BY END-USE APPLICATION 104
TABLE 51 EUROPE: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 104
TABLE 52 EUROPE: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 104
9.2.5 BY COUNTRY 104
TABLE 53 EUROPE: GREEN AMMONIA MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 104
TABLE 54 EUROPE: GREEN AMMONIA MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 105
9.2.5.1 Germany 105
9.2.5.1.1 Ongoing green ammonia projects to stimulate market growth 105
9.2.5.1.2 Macro factors 105
TABLE 55 GERMANY: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 105
TABLE 56 GERMANY: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 105
TABLE 57 GERMANY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 106
TABLE 58 GERMANY: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2) 106
9.2.5.1.3 By end-use application 106
TABLE 59 GERMANY: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 106
TABLE 60 GERMANY: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 106
9.2.5.2 UK 107
9.2.5.2.1 Role of green ammonia in country’s aim to achieve net-zero emission goal to boost its production 107
9.2.5.2.2 Macro factors 107
TABLE 61 UK: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 107
TABLE 62 UK: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 107
TABLE 63 UK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 107
TABLE 64 UK: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 107
9.2.5.2.3 By end-use application 108
TABLE 65 UK: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 108
TABLE 66 UK: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 108
9.2.5.3 Netherlands 108
9.2.5.3.1 Favorable government policies and initiatives to produce green hydrogen to drive market 108
9.2.5.3.2 Macro factors 108
TABLE 67 NETHERLANDS: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 108
TABLE 68 NETHERLANDS: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 109
TABLE 69 NETHERLANDS: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 109
TABLE 70 NETHERLANDS: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 109
9.2.5.3.3 By end-use application 109
TABLE 71 NETHERLANDS: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 109
TABLE 72 NETHERLANDS: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 110
9.2.5.4 Denmark 110
9.2.5.4.1 Investments in green fuel and large-scale green energy projects to fuel market growth 110
9.2.5.4.2 Macro factors 110
TABLE 73 DENMARK: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 110
TABLE 74 DENMARK: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 110
9.2.5.4.3 By end-use application 111
TABLE 75 DENMARK: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 111
TABLE 76 DENMARK: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 111
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9.2.5.5 Norway 111
9.2.5.5.1 Increasing green ammonia consumption in mobility applications to boost demand 111
9.2.5.5.2 Macro factors 112
TABLE 77 NORWAY: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 112
TABLE 78 NORWAY: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 112
9.2.5.5.3 By end-use application 112
TABLE 79 NORWAY: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 112
TABLE 80 NORWAY: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 112
9.3 ASIA PACIFIC 113
FIGURE 36 ASIA PACIFIC: SNAPSHOT OF GREEN AMMONIA MARKET 114
9.3.1 RECESSION IMPACT: ASIA PACIFIC 114
9.3.2 MACRO FACTORS 115
9.3.2.1 Ammonia production 115
TABLE 81 ASIA PACIFIC: AMMONIA PRODUCTION, BY COUNTRY, 2015–2021 (THOUSAND TONS) 115
9.3.2.2 Hydrogen generation 115
TABLE 82 ASIA PACIFIC: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 115
9.3.2.3 Installed renewable capacity 115
TABLE 83 ASIA PACIFIC: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW) 115
9.3.2.4 Greenhouse gas emissions 116
TABLE 84 ASIA PACIFIC: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2013–2017 (MILLION TONS OF CO2) 116
9.3.3 BY TECHNOLOGY 116
TABLE 85 ASIA PACIFIC: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 116
TABLE 86 ASIA PACIFIC: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION) 116
9.3.4 BY END-USE APPLICATION 117
TABLE 87 ASIA PACIFIC: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 117
TABLE 88 ASIA PACIFIC: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 117
9.3.5 BY COUNTRY 117
TABLE 89 ASIA PACIFIC: GREEN AMMONIA MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 117
TABLE 90 ASIA PACIFIC: GREEN AMMONIA MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 118
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9.3.5.1 Australia 118
9.3.5.1.1 Increasing focus on renewable energy production to drive market 118
9.3.5.1.2 Macro factors 118
TABLE 91 AUSTRALIA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 118
TABLE 92 AUSTRALIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 118
TABLE 93 AUSTRALIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 119
TABLE 94 AUSTRALIA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 119
9.3.5.1.3 By end-use application 119
TABLE 95 AUSTRALIA: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 119
TABLE 96 AUSTRALIA: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 119
9.3.5.2 Japan 120
9.3.5.2.1 Favorable policies promoting use of green ammonia to support market growth 120
9.3.5.2.2 Macro factors 120
TABLE 97 JAPAN: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS) 120
TABLE 98 JAPAN: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 120
TABLE 99 JAPAN: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 120
TABLE 100 JAPAN: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 121
9.3.5.2.3 By end-use application 121
TABLE 101 JAPAN: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 121
TABLE 102 JAPAN: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 121
9.3.5.3 New Zealand 121
9.3.5.3.1 Production of green fertilizers to boost demand for green ammonia 121
9.3.5.3.2 Macro factors 122
TABLE 103 NEW ZEALAND: AMMONIA PRODUCTION, 2015–2019 (THOUSAND TONS) 122
TABLE 104 NEW ZEALAND: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 122
TABLE 105 NEW ZEALAND: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 122
TABLE 106 NEW ZEALAND: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2) 122
9.3.5.3.3 By end-use application 122
TABLE 107 NEW ZEALAND: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 122
TABLE 108 NEW ZEALAND: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 123
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9.3.5.4 India 123
9.3.5.4.1 Growing green ammonia consumption in mobility sector to propel market 123
9.3.5.4.2 Macro factors 123
TABLE 109 INDIA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 123
TABLE 110 INDIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 124
TABLE 111 INDIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 124
TABLE 112 INDIA: GREENHOUSE GAS EMISSIONS, 2015–2017 (MILLION TONS OF CO2) 124
9.3.5.4.3 By end-use application 124
TABLE 113 INDIA: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2022–2030 (USD MILLION) 124
9.3.5.5 South Korea 125
9.3.5.5.1 Implementation of mandates to decarbonize energy sector 125
9.3.5.5.2 Macro factors 125
TABLE 114 SOUTH KOREA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 125
TABLE 115 SOUTH KOREA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 125
TABLE 116 SOUTH KOREA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 125
9.3.5.5.3 By end-use application 126
TABLE 117 SOUTH KOREA: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 126
9.3.5.6 Rest of Asia Pacific 126
9.3.5.6.1 Macro factors 126
TABLE 118 REST OF ASIA PACIFIC: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 126
TABLE 119 REST OF ASIA PACIFIC: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 126
TABLE 120 REST OF ASIA PACIFIC: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 127
9.3.5.6.2 By end-use application 127
TABLE 121 REST OF ASIA PACIFIC: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 127
TABLE 122 REST OF ASIA PACIFIC: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 127
9.4 NORTH AMERICA 128
9.4.1 RECESSION IMPACT: NORTH AMERICA 128
9.4.2 MACRO FACTORS 128
9.4.2.1 Ammonia production 128
TABLE 123 NORTH AMERICA: AMMONIA PRODUCTION, BY COUNTRY, 2015–2021 (THOUSAND TONS) 128
9.4.2.2 Hydrogen generation 128
TABLE 124 NORTH AMERICA: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 128
9.4.2.3 Installed renewable capacity 129
TABLE 125 NORTH AMERICA: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW) 129
9.4.2.4 Greenhouse gas emissions 129
TABLE 126 NORTH AMERICA: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2015–2021 (MILLION TONS OF CO2) 129
9.4.3 BY TECHNOLOGY 129
TABLE 127 NORTH AMERICA: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 129
TABLE 128 NORTH AMERICA: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION) 130
9.4.4 BY END-USE APPLICATION 130
TABLE 129 NORTH AMERICA: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 130
TABLE 130 NORTH AMERICA: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 130
9.4.5 BY COUNTRY 131
TABLE 131 NORTH AMERICA: GREEN AMMONIA MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 131
TABLE 132 NORTH AMERICA: GREEN AMMONIA MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 131
9.4.5.1 US 131
9.4.5.1.1 High demand for transportation fuels to fuel market growth 131
9.4.5.1.2 Macro factors 132
TABLE 133 US: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 132
TABLE 134 US: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 132
TABLE 135 US: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 132
TABLE 136 US: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 132
9.4.5.1.3 By end-use application 132
TABLE 137 US: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 132
TABLE 138 US: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 133
9.4.5.2 Canada 133
9.4.5.2.1 Favorable policies promoting use of green ammonia to drive market 133
9.4.5.2.2 Macro factors 133
TABLE 139 CANADA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 133
TABLE 140 CANADA: HYDROGEN GENERATION, 2015–2017 (MILLION STANDARD CUBIC FEET PER DAY) 134
TABLE 141 CANADA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 134
TABLE 142 CANADA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 134
9.4.5.2.3 By end-use application 134
TABLE 143 CANADA: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 134
TABLE 144 CANADA: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 135
9.4.5.3 Mexico 135
9.4.5.3.1 Increasing fertilizer market to boost demand for green ammonia 135
9.4.5.3.2 Macro factors 135
TABLE 145 MEXICO: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 135
TABLE 146 MEXICO: HYDROGEN GENERATION, 2015–2017 (MILLION STANDARD CUBIC FEET PER DAY) 135
TABLE 147 MEXICO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 136
TABLE 148 MEXICO: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 136
9.4.5.3.3 By end-use application 136
TABLE 149 MEXICO: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 136
TABLE 150 MEXICO: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 136
9.5 REST OF THE WORLD 137
9.5.1 RECESSION IMPACT: ROW 137
9.5.2 MACRO FACTORS 137
9.5.2.1 Ammonia production 137
TABLE 151 REST OF THE WORLD: AMMONIA PRODUCTION, BY COUNTRY, 2015–2021 (THOUSAND TONS) 137
9.5.2.2 Hydrogen generation 137
TABLE 152 REST OF THE WORLD: HYDROGEN GENERATION, BY COUNTRY, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 137
9.5.2.3 Installed renewable capacity 138
TABLE 153 REST OF THE WORLD: INSTALLED RENEWABLE CAPACITY, BY COUNTRY, 2015–2021 (MW) 138
9.5.2.4 Greenhouse gas emissions 138
TABLE 154 REST OF THE WORLD: GREENHOUSE GAS EMISSIONS, BY COUNTRY, 2015–2021 (MILLION TONS OF CO2) 138
9.5.3 BY TECHNOLOGY 138
TABLE 155 REST OF THE WORLD: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 138
TABLE 156 REST OF THE WORLD: GREEN AMMONIA MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION) 139
9.5.4 BY END-USE APPLICATION 139
TABLE 157 REST OF THE WORLD: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2018–2022 (USD MILLION) 139
TABLE 158 REST OF THE WORLD: GREEN AMMONIA MARKET, BY END-USE APPLICATION, 2023–2030 (USD MILLION) 139
9.5.5 BY COUNTRY 140
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9.5.5.1 China 140
9.5.5.1.1 Increased investments in green ammonia projects to drive market 140
9.5.5.1.2 Macro factors 140
TABLE 159 CHINA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 140
TABLE 160 CHINA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 140
TABLE 161 CHINA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 141
TABLE 162 CHINA: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2) 141
9.5.5.2 Russia 141
9.5.5.2.1 Focus on exporting fertilizers in international markets to boost demand for green ammonia 141
9.5.5.2.2 Macro factors 141
TABLE 163 RUSSIA: AMMONIA PRODUCTION, 2015–2021 (THOUSAND TONS) 141
TABLE 164 RUSSIA: HYDROGEN GENERATION, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 142
TABLE 165 RUSSIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 142
TABLE 166 RUSSIA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 142
9.5.5.3 Chile 142
9.5.5.3.1 Constant developments in energy sector to accelerate market growth 142
9.5.5.3.2 Macro factors 143
TABLE 167 CHILE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 143
TABLE 168 CHILE: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 143
9.5.5.4 Morocco 143
9.5.5.4.1 Efforts to increase share of renewable energy sources in power generation mix to propel market 143
9.5.5.4.2 Macro factors 143
TABLE 169 MOROCCO: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2019 (MW) 143
TABLE 170 MOROCCO: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 144
9.5.5.5 Saudi Arabia 144
9.5.5.5.1 Significant use of green hydrogen in mobility applications to support market growth 144
9.5.5.5.2 Macro factors 144
TABLE 171 SAUDI ARABIA: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 144
TABLE 172 SAUDI ARABIA: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 144
9.5.5.6 UAE 145
9.5.5.6.1 Increasing use of hydrogen for electricity generation to stimulate market growth 145
9.5.5.6.2 Macro factors 145
TABLE 173 UAE: INSTALLED RENEWABLE CAPACITY, BY SOURCE, 2015–2021 (MW) 145
TABLE 174 UAE: GREENHOUSE GAS EMISSIONS, 2015–2021 (MILLION TONS OF CO2) 145
9.5.5.7 Brazil 145
9.5.5.7.1 Rising product