Europe Green Ammonia Market Size Likely to Grow at a CAGR of 64.8% By 2033

As per the current market research conducted by the CMI Team, the Europe Green Ammonia Market size is expected to record a CAGR of 64.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 465.8 Million. By 2033, the valuation is anticipated to reach USD 37,416.4 Million.

Europe Green Ammonia Market: Growth Factors and Dynamics

• Government Policies and Regulations: Stringent environmental regulations and ambitious carbon reduction targets drive the adoption of green ammonia as a sustainable alternative to traditional ammonia production methods. Incentive schemes and subsidies for renewable energy projects and green hydrogen production further stimulate market growth.

• Technological Advancements: Continuous innovation in electrolysis and Haber-Bosch processes with carbon capture technologies enhance the efficiency and scalability of green ammonia production. Integration of renewable energy sources such as wind and solar power into production processes reduces carbon emissions and production costs.

• Growing Demand in Agriculture: Increasing awareness of sustainable agricultural practices and the need to reduce greenhouse gas emissions drive the demand for green ammonia-based fertilizers. Shift towards organic and environmentally friendly farming practices further boosts market growth.

• Investment in Infrastructure: Investments in infrastructure for green ammonia production, storage, and distribution facilitate market expansion. The development of dedicated green hydrogen and ammonia production facilities, as well as ammonia storage and port infrastructure, supports market growth.

• Strategic Partnerships and Collaborations: Collaborations between government agencies, research institutions, and industry players promote innovation and knowledge sharing in green ammonia production technologies. Partnerships between energy companies, fertilizer manufacturers, and agricultural cooperatives drive market penetration and adoption.

• Market Awareness and Education: Awareness campaigns and educational initiatives highlight the environmental benefits and potential applications of green ammonia, fostering market acceptance and demand. Industry conferences, workshops, and training programs provide opportunities for stakeholders to exchange ideas and best practices, driving market growth and development.

• Demand from Industrial Applications: Growing interest in green ammonia as a feedstock for various industrial processes, including chemical synthesis and energy production, contributes to market expansion. The adoption of green ammonia in sectors such as pharmaceuticals, textiles, and manufacturing drives demand and diversifies revenue streams.

• Focus on Carbon Neutrality: Corporate initiatives and commitments to achieving carbon neutrality drive the adoption of green ammonia as a low-carbon alternative in supply chains and operations. Green ammonia’s role in decarbonizing heavy industries, such as steel and cement production, positions it as a key solution in Europe’s transition towards a low-carbon economy.

Europe Green Ammonia Market: Partnership and Acquisitions

• In 2022, Uniper SE and Vesta signed an agreement to develop Greenpoint Valley, the first green ammonia hub in Northwest Europe. Uniper aims to bolster its presence in the green ammonia and hydrogen sectors, enhancing regional supply security.

• In 2022, Siemens Energy collaborated with Fortescue Future Industries and GeoPura to develop an industrial-scale ammonia cracker prototype, aimed at producing green hydrogen to mitigate climate change. The prototype utilizes ammonia to generate 200 kg of hydrogen daily, sufficient to power 5-10 hydrogen fuel cell electric buses.

Report Scope

Europe Green Ammonia Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Europe Green Ammonia Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Supply Chain Disruptions: COVID-19-related lockdowns and restrictions disrupted global supply chains, affecting the availability of critical components and equipment for green ammonia production. Delays in project timelines and increased logistics costs impacted the market, slowing down investment and deployment of green ammonia infrastructure.

• Reduced Investment and Funding: Economic uncertainties resulting from the pandemic led to reduced investment and funding for green ammonia projects in Europe. Financing challenges and risk aversion among investors hindered the development of new production facilities and infrastructure, affecting market growth prospects.

• Government Stimulus Packages: Government stimulus packages and recovery funds aimed at revitalizing economies post-pandemic include investments in renewable energy and sustainability initiatives, providing financial support for green ammonia projects.

• Policy Support and Incentives: Enhanced policy support and incentives for renewable energy and low-carbon technologies promote the adoption of green ammonia in Europe. Renewable energy targets, carbon pricing mechanisms, and subsidy schemes incentivize investment in green ammonia production, driving market recovery.

• Technological Innovation: Continued focus on technological innovation and research and development accelerates the deployment of cost-effective and scalable green ammonia production technologies. Advancements in electrolysis, carbon capture, and ammonia synthesis contribute to improved efficiency and competitiveness, facilitating market recovery.

• Partnerships and Collaborations: Strategic partnerships and collaborations between industry players, research institutions, and government agencies foster knowledge sharing and innovation in green ammonia production. Joint ventures and consortiums enable shared risk and resource pooling, accelerating the development and deployment of green ammonia projects.

• Market Diversification and Expansion: Market diversification into new end-use sectors and applications, such as industrial and transportation, reduces reliance on traditional fertilizer markets and enhances market resilience. Expansion of green ammonia production capacity and infrastructure strengthens Europe’s position as a global leader in sustainable ammonia production, driving market recovery and growth.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Europe Green Ammonia Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the Europe Green Ammonia Market:

• Siemens Energy AG
• Yara International ASA
• Ørsted A/S
• Thyssenkrupp AG
• Linde plc
• BASF SE
• MAN Energy Solutions SE
• Mitsubishi Power Europe GmbH
• Haldor Topsoe A/S
• Nel ASA
• ENGIE SA
• Johnson Matthey Plc
• Snam S.p.A.
• Hydrogenics Corporation (A subsidiary of Cummins Inc.)
• Uniper SE
• Others

The Europe Green Ammonia Market is segmented as follows:

By Production

• Electrolysis
• Haber-Bosch Process with Carbon Capture
• Biomass Gasification
• Others

By Technology

• Solid Oxide Electrolysis
• Proton Exchange Membrane
• Alkaline Water Electrolysis
• Others

By End-User

• Power Generation
• Transportation
• Fertilizer
• Refrigeration
• Others

Regional Coverage:

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe