Edit
Bizwit-Logo-Final

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Blue Ammonia Market to reach USD XX billion by the end of 2030

Global Blue Ammonia Market Size study & Forecast, by Technology (Steam methane reforming, Autothermal reforming, Gas partial oxidation) by Application (Transportation, Power Generation, Industrial Feedstock) and Regional Analysis, 2023-2030

Product Code: CMOGI-60006789
Publish Date: 20-01-2024
Page: 200

Global Blue Ammonia Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Blue ammonia is produced through a process that involves carbon capture and storage (CCS) technologies, aiming to minimize carbon dioxide (CO2) emissions associated with traditional ammonia production methods. The key factors driving the market growth are rising focus on reducing greenhouse gas emissions, growing efforts towards empowering hydrogen economy, increasing demand for eco-friendly fertilizers and government investments in commercialization of emission control technologies which is anticipated to support the market growth during forecast period 2023-2030.

Additionally, the growing interest in clean hydrogen as a versatile energy carrier has a positive impact on the blue ammonia market. Blue ammonia is a source of clean hydrogen, and its applications in various industries, including transportation and energy storage, contribute to market growth. According to Statista, in 2018, the global hydrogen production was 60 million metric tons and it is anticipated to reach 300 million metric tons by 2030. As a result, the rising demand for the hydrogen is anticipated to support the market growth. Moreover, growing demand for blue ammonia to generate power, and potential of blue ammonia as maritime fuel is anticipated to create lucrative market growth opportunities during forecast period. However, the high cost associated with infrastructure set up for blue ammonia production stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Blue Ammonia Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the increased focus on sustainability and the transition towards renewable energy sources, supportive government regulations and policies, and investments in carbon capture and storage technologies. Whereas, the Asia Pacific region is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increasing environmental concerns and stringent regulations on emissions, government policies and incentives, and increasing awareness and demand for sustainable products among consumers and businesses can drive industries to adopt environment friendly alternatives, such as Blue Ammonia, to meet market expectations.

Major market player included in this report are:
Yara International (Norway)
Saudi Arabian Oil Co. (Saudi Arabia)
CF Industries Holdings, Inc. (US)
QATAR fertiliser company (QAFCO) (Qatar)
ExxonMobil Corporation (US)
ITOCHU Corporation (Japan)
Técnicas Reunidas S. A. (Spain)
PAO NOVATEK (Russia)
ADNOC Group (UAE)
Linde plc (Ireland)

Recent Developments in the Market:
Ø In June 2023, Yara International ASA and BASF collaborated to develop and build a world-scale low-carbon blue ammonia production facility with carbon capture in the Gulf Coast region of the United States. To meet the expanding worldwide demand for low-carbon ammonia, the companies are investigating the possibility of a facility with a total capacity of 1.2 to 1.4 million tons annually.
Global Blue Ammonia Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Technology, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Steam methane reforming
Autothermal reforming
Gas partial oxidation
By Application:
Transportation
Power Generation
Industrial Feedstock

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Blue Ammonia Market, by region, 2020-2030 (USD Billion)
1.2.2. Blue Ammonia Market, by Technology, 2020-2030 (USD Billion)
1.2.3. Blue Ammonia Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Blue Ammonia Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Blue Ammonia Market Dynamics
3.1. Blue Ammonia Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising focus on reducing greenhouse gas emissions
3.1.1.2. Growing efforts towards empowering hydrogen economy
3.1.1.3. Increasing demand for eco-friendly fertilizers
3.1.2. Market Challenges
3.1.2.1. High cost associated with infrastructure set up for blue ammonia production
3.1.3. Market Opportunities
3.1.3.1. Growing demand for blue ammonia to generate power
3.1.3.2. Potential of blue ammonia as maritime fuel
Chapter 4. Global Blue Ammonia Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Blue Ammonia Market, by Technology
5.1. Market Snapshot
5.2. Global Blue Ammonia Market by Technology, Performance – Potential Analysis
5.3. Global Blue Ammonia Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Blue Ammonia Market, Sub Segment Analysis
5.4.1. Steam methane reforming
5.4.2. Autothermal reforming
5.4.3. Gas partial oxidation
Chapter 6. Global Blue Ammonia Market, by Application
6.1. Market Snapshot
6.2. Global Blue Ammonia Market by Application, Performance – Potential Analysis
6.3. Global Blue Ammonia Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Blue Ammonia Market, Sub Segment Analysis
6.4.1. Transportation
6.4.2. Power Generation
6.4.3. Industrial Feedstock
Chapter 7. Global Blue Ammonia Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Blue Ammonia Market, Regional Market Snapshot
7.4. North America Blue Ammonia Market
7.4.1. U.S. Blue Ammonia Market
7.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Blue Ammonia Market
7.5. Europe Blue Ammonia Market Snapshot
7.5.1. U.K. Blue Ammonia Market
7.5.2. Germany Blue Ammonia Market
7.5.3. France Blue Ammonia Market
7.5.4. Spain Blue Ammonia Market
7.5.5. Italy Blue Ammonia Market
7.5.6. Rest of Europe Blue Ammonia Market
7.6. Asia-Pacific Blue Ammonia Market Snapshot
7.6.1. China Blue Ammonia Market
7.6.2. India Blue Ammonia Market
7.6.3. Japan Blue Ammonia Market
7.6.4. Australia Blue Ammonia Market
7.6.5. South Korea Blue Ammonia Market
7.6.6. Rest of Asia Pacific Blue Ammonia Market
7.7. Latin America Blue Ammonia Market Snapshot
7.7.1. Brazil Blue Ammonia Market
7.7.2. Mexico Blue Ammonia Market
7.8. Middle East & Africa Blue Ammonia Market
7.8.1. Saudi Arabia Blue Ammonia Market
7.8.2. South Africa Blue Ammonia Market
7.8.3. Rest of Middle East & Africa Blue Ammonia Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Yara International (Norway)
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Saudi Arabian Oil Co. (Saudi Arabia)
8.3.3. CF Industries Holdings, Inc. (US)
8.3.4. QATAR fertiliser company (QAFCO) (Qatar)
8.3.5. ExxonMobil Corporation (US)
8.3.6. ITOCHU Corporation (Japan)
8.3.7. Técnicas Reunidas S. A. (Spain)
8.3.8. PAO NOVATEK (Russia)
8.3.9. ADNOC Group (UAE)
8.3.10. Linde plc (Ireland)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com

Checkout

Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now