Blue Ammonia Market Size Worth $22.91 Billion By 2032 | CAGR: 5.8%

The global blue ammonia market size is expected to reach USD 22.91 billion by 2032, according to a new study by Polaris Market Research. The report “Blue Ammonia Market Share, Size, Trends, Industry Analysis Report, By Technology (AutoThermal Reforming (ATR), Haber-Bosch Process); By Manufacturing Process; By Distribution Channel; By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Blue ammonia has garnered significant interest for its potential as a turbine engine fuel across a range of applications. This includes its direct use in combustion and its indirect utilization as an industrial feedstock through conversion into nitrogen and hydrogen. A standout advantage of ammonia lies in its superior transport and storage characteristics when compared to liquid hydrogen. Unlike liquid hydrogen, ammonia does not require extremely low temperatures for storage and boasts a higher energy density. These advantages offer substantial benefits, especially when contrasted with the storage, purity requirements, and transportation challenges associated with hydrogen.

For countries that were previously dependent on imported fertilizers but are now pursuing local supply options for strategic reasons, the need for increased fertilizer production has become apparent. This shift has further heightened the demand for blue ammonia.

Nevertheless, the market's revenue growth is expected to encounter limitations due to competition from other low-carbon fuels. Notably, green ammonia has gained substantial attention both from a commercial and policy perspective. This interest arises from its versatility in multiple industries as a tool for decarbonization. Green ammonia serves various transportation sectors, including heavy-duty trucks, railways, aircraft, and maritime vessels. Additionally, it provides a means to curtail carbon emissions within the agricultural and chemical sectors and extends its benefits to the decarbonization of electricity generation and transportation as a whole.

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/blue-ammonia-market/request-for-sample

Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective Blue Ammonia devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for Blue Ammonias throughout the forecast period.

Blue Ammonia Market Report Highlights

• The Steam Methane Reforming (SMR) segment is expected to take the lead in the global blue ammonia market, capturing a significant portion of revenue share throughout the forecast period. Steam reforming serves as the primary industrial method for generating Synthesis Gas (syngas), which is crucial in the manufacturing of hydrogen, green ammonia, and methanol. However, it's important to note that the SMR process, while offering various advantages, is linked to notable carbon dioxide emissions.
• During the forecast period, the AutoThermal Reforming (ATR) segment claimed the largest market share. ATR is becoming an increasingly attractive option for forthcoming blue hydrogen projects, especially when integrated with carbon capture technology, thanks to its numerous benefits. Major players in the chemical and energy sectors, including Air Liquide, Equinor, Air Products, and others, are wholeheartedly embracing ATR for large-scale blue hydrogen facilities.
• In 2022, North America emerged as the dominant player, leading the global blue ammonia market. As we look ahead to the forecast period, the North American region is set to maintain its lead in terms of revenue share. This dominance is a result of the concerted efforts of key market players in the region, who are actively involved in the establishment of infrastructure for blue ammonia production.
• The global key market players include Air Liquide S.A., Ammonia Casale S.A., CF Industries Holdings, Inc., Haldor Topsoe A/S, Linde plc, Mitsubishi Heavy Industries, Ltd, Siemens Energy AG, TechnipFMC plc, thyssenkrupp AG, Yara International ASA.

Polaris Market Research has segmented the Blue Ammonia market report based on technology, manufacturing process, distribution channel, application, end-use, and region:

Blue Ammonia, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

• AutoThermal Reforming (ATR)
• Haber-Bosch Process

Blue Ammonia, Manufacturing Process Outlook (Revenue - USD Billion, 2019 - 2032)

• Thermochemical Process
• Steam Methane Reforming (SMR)
• Electrochemical Process

Blue Ammonia, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

• Distribution/Wholesalers
• E-commerce
• Direct Sale

Blue Ammonia, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Fuel
  • Polymers
  • Fertilizers
  • Power Generation
  • Pharmaceuticals

• Energy Storage

• Renewable Energy Integration
• Grid-scale Energy Storage

Blue Ammonia, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Blue Ammonia Market Report Scope