From GlobeNewswire: 2024-04-10 16:00:00

The Global Green Ammonia Market is set to grow from USD 0.28 Billion in 2023 to USD 60.45 Billion by 2033, with a CAGR of 71.1%. Green ammonia, produced using hydrogen and nitrogen, is eco-friendly and versatile for various applications, like transportation. However, the cost of green ammonia hinders market growth compared to traditional ammonia production.

The proton exchange membrane technology dominates the global green ammonia market, with government incentives and increased R&D driving product demand. In the transportation sector, green ammonia is gaining popularity due to environmental concerns and carbon emissions. Europe leads the market, with Germany and Spain taking top spots, while Asia-Pacific is expected to grow rapidly.

Major players in the market include Nel Hydrogen, Haldor Topsoe, and Siemens Energy. Key market developments include VNG and Yara working on clean ammonia plans in Germany. The market is segmented by technology, end-user, and region, with Asia Pacific expected to see significant growth. Spherical Insights & Consulting offers detailed market analysis and forecasts for the Global Green Ammonia Market.



Read more at GlobeNewswire: Global Green Ammonia Market Size To Worth USD 60.45 Billion