Europe Green Ammonia Market Assessment, By Application [Fertilizer, Fuel (Power Generation, Marine Fuel, Others) Chemical Feedstock, Hydrogen Transportation, Others], By End-use Industry [Agriculture, Transportation, Industrial (Energy, Chemical), Others], By Region, Opportunities, and Forecast, 2016-2030F

Europe Green Ammonia Market size was 48.46 Tons in 2022 which is expected to reach 3660.8 Tons in 2030 with a CAGR of 71.7% for the forecast period between 2023 and 2030.

Home>Industry Reports>Europe Green Ammonia Market Assessment, Opportunities, and Forecast, 2016-2030F

Europe green ammonia market size was 48.46 Tons in 2022, which is expected to grow to 3660.8 Tons in 2030, with a CAGR of 71.7% during the forecast period between 2023 and 2030. In Europe, the confluence of significant drivers has catalyzed the uptake and progression of green ammonia. As demonstrated by programs like the European Green Deal, the region's unwavering dedication to reduce emissions and achieve climate goals are at the forefront. Green ammonia fits into Europe's ambitious plans to achieve climate neutrality by 2050 because it is produced using renewable energy sources and does not release any carbon dioxide when burned.

Green ammonia addresses issues with energy security and diversification, and energy considerations. Domestically produced green ammonia made from renewable resources strengthens energy security, while lowering reliance on external sources as Europe works to reduce its reliance on imported fossil fuels due to the current geopolitical events.

Moreover, Green ammonia reduces the environmental impact on fertilizers by substituting it over conventional ammonia production techniques, thereby promoting ecological harmony and sustainable agricultural practices along with being a versatile hydrogen carrier, which contributes to the growth of a hydrogen economy.

Stringent Regulations

Governments in Europe are implementing policies and regulations to encourage the adoption of sustainable practices and reduce carbon emissions. Subsidies, tax incentives, and carbon pricing mechanisms can make green ammonia production more economically attractive, further driving the demand.

For instance, the European Green Deal, which aims to make the continent climate-neutral by 2050, is one of Europe's ambitious climate goals. By providing a way to decarbonize industries like transportation, industry, power generation, and manufacturing of chemicals and fertilizers. Green ammonia, which is produced using renewable energy and emits no CO2 during combustion, is in line with the ambitious objectives of Europe.

Growing Demand in Marine Fuel

Marine transportation is positioned to play a crucial role in stimulating the demand for green ammonia, an encouraging and environment-friendly fuel source. The maritime sector is facing escalating pressure to curtail its emissions of greenhouse gases and the overall ecological footprint. International accords such as the greenhouse gas reduction targets and sulfur emission regulations established by the International Maritime Organization (IMO) are compelling the sector to embrace more sustainable fuel options. Green ammonia, devoid of carbon emissions, aligns seamlessly with these regulations and presents an appealing solution to fulfill emission reduction goals.

Moreover, diverse stakeholders in maritime operations, encompassing shipping enterprises, fuel providers, and governmental bodies, are acknowledging the prospective benefits of green ammonia. Collaborative initiatives are being launched to establish the essential infrastructure, including storage and distribution facilities, to facilitate the incorporation of green ammonia as a maritime fuel. For instance, in April 2023, Yara Clean Ammonia and Cepsa partnered to connect Europe's southern and northern regions using clean hydrogen transported through green ammonia. These two companies have embarked on a strategic alliance to create the pioneering clean hydrogen maritime route that links the ports of Algeciras and Rotterdam. This endeavor aims to advance the reduction of carbon emissions in both European industries and maritime shipping practices, which in turn is expected to drive the green ammonia market in Europe.

Impact of COVID-19

The intricate supply chains supporting construction, manufacturing, and renewable energy ventures in Europe encountered substantial disruptions amid the pandemic. These interruptions impeded the timely completion and operational launch of green ammonia production facilities. The prevailing uncertainty from the pandemic prompted investors to reevaluate their envisaged green ammonia projects, citing the prevailing economic unpredictability.

Moreover, market ambiguity and financial vulnerabilities could have prompted enterprises to defer or moderate their undertakings concerning the burgeoning green ammonia sector. The pandemic-induced reduction in economic activities and the subsequent dip in energy demand reverberated in Europe. These developments had a discernible impact on the requisites for green ammonia and the vitality of renewable energy projects indispensable to producing green ammonia.

Impact of Russia-Ukraine War

European countries were highly dependent on Russian Crude for their energy needs, however, the ban placed on Russian imports by European countries due to the ongoing conflict changed the energy dynamics in the continent. Europe became more concerned about energy security, which emphasized the value of utilizing alternative energy sources, like green ammonia. The conflict highlights how urgent it is to hasten the switch to renewable and locally sourced energy sources. Green ammonia, produced within the boundaries of Europe using renewable resources became more popular to lessen the reliance on outside energy sources, driving the demand throughout the continent.

Report Scope

“Europe Green Ammonia Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Markets and Data, providing in-depth analysis, and qualitative & quantitative assessment of the current state of green ammonia market in Europe, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities and forecast between, 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

 

Report Attribute

Details

Base Year of the Analysis

2022

Historical Period

2016-2021

Forecast Period

2023-2030

Projected Growth Rate

CAGR of 71.7% between 2023 and 2030

Revenue Forecast in 2030

3660.8 Tons

Units

Volume in Tons

Segments Covered

Application, End-use Industry

Regions Covered

Germany, France, Italy, United Kingdom, Russia, Netherlands, Spain, Norway, Denmark.

Key Companies Profiled

ThyssenKrupp AG, Yara International ASA, Exytron GmbH, NEL ASA, Equinor ASA, Siemens Energy Global GmbH & Co. KG, BASF SE, ITM Power Plc, FERTIBERIA S.A, Hy2gen AG

Customization Scope

15% free report customization with purchase

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs

Delivery Format

PDF and Excel through email (subject to the license purchased)

In this report, Europe green ammonia market has been segmented into the following categories: 

1.       By Application

1.1.    Fertilizer

1.2.    Fuel

1.2.1.Power Generation

1.2.2.Marine Fuel

1.2.3.Others

1.3.    Chemical Feedstock

1.4.    Hydrogen Transportation

1.5.    Others

2.       By End-use Industry

2.1.    Agriculture

2.2.    Transportation

2.3.    Industrial

2.3.1.Energy

2.3.2.Chemical

2.4.    Others 

3.       By Region

3.1.    Germany

3.2.    France

3.3.    United Kingdom

3.4.    Russia

3.5.    Netherlands

3.6.    Spain

3.7.    Norway

3.8.    Denmark

3.9.    Rest of Europe

Key Players Landscape and Outlook

Major market players are actively addressing Europe's growing demand for green solutions. These industry titans have teamed up to pool their expertise, assets, and technological advancements to address the critical need for sustainable energy alternatives as well as the consequences of climate change. By fostering alliances and partnerships, companies from different sectors collaborate to create and utilize green solutions, such as green ammonia.

For instance, Yara and VNG signed an official cooperation agreement in April 2023, which was the first step towards a future supply deal between the two parties and might eventually allow for more projects to help clean ammonia enter the German market as a hydrogen and energy carrier.

The European market for green ammonia has a bright future due to various compelling factors. The region's unwavering commitment to fostering sustainability and achieving climate goals continues to be a key factor driving the adoption of green ammonia. The potential impact of green ammonia is further amplified as it is linked to the developing hydrogen economy. Although issues like infrastructure development and cost competitiveness loom, the strong positive trends outweigh them.

Markets and Data’s reports answer the following questions:

         What is the current and future market size of the product/service in question globally or specific to different countries?

         How are the markets divided into different product/service segments and the market size and growth of each segment?

         What is the market potential of different product segments and their investment case?

         How are the markets predicted to develop in the future and what factors will drive or inhibit growth?

         What is the business environment and regulatory landscape specific to the product/service?

Key Players Operating in Europe Green Ammonia Market are:

·         ThyssenKrupp AG

·         Yara International ASA

·         Exytron GmbH

·         NEL ASA

·         Equinor ASA

·         Siemens Energy Global GmbH & Co. KG

·         BASF SE

·         ITM Power Plc

·         FERTIBERIA S.A

·         Hy2gen AG

If you can't find what you're searching for or have any custom requirements for Europe green ammonia market, you may approach our team at info@marketsandata.com

Frequently Asked Questions

Who are the key players operating in Europe Green Ammonia Market?

arrowup
Heart

Global Polyurethane Market Assessment, Opportunities and Forecast, FY2017-FY2031F

The global polyurethane market is expected to witness significant growth, driven by increasing demand from the construction industry and rising trends for light-weight and fuel-efficient vehicles.....Read More

Published on

October 2024

4,500

Heart

Global Cold Heading Quality Wire Market Assessment, Opportunities and Forecast, FY2017-FY2031F

The global cold heading quality wire market is driven by the increase in adoption of cold forged parts, increasing demand for fasteners in industries such as automotive, construction, and aerospace, fueling the need for high-quality cold heading qual....Read More

Published on

October 2024

4,500

Heart

Global C5 Resin Market Assessment, Opportunities and Forecast, FY2017-FY2031F

The global C5 resin market is expected to experience significant growth due to increasing demand for adhesives and sealants, paints, and coatings in the construction industry, coupled with rising applications of rubber products in the automotive indu....Read More

Published on

October 2024

4,500

Heart

Global Malic Acid Downstream Potential Market Assessment, Opportunities and Forecast, 2017-2031F

The global malic acid downstream potential market is expected to experience growth due to increasing demand from the food and beverage industry used as an acidulant and a flavor enhancer, coupled with the increasing demand from the personal care and ....Read More

Published on

September 2024

4,500

Purchase Options

USD ($)

arrowdown

i

2,760

3,000

8%

i

4,050

4,500

10%

i

5,016

5,700

12%

i

6,970

8,200

15%

Tired of Searching?

Looking for Customization?

Some other doubt?

Need insights from a cohort?

REACH US

    icon_Five
    17, Okhla Industrial Estate Phase 3 Rd, Okhla Phase III, Okhla Industrial Estate, New Delhi, Delhi 110020
    call_Two
    +91 11 42343567
    icon_Six
    info@marketsandata.com
icon_Seven
5741 Cleveland street, Suite 120, VA beach, VA, USA 23462
call_Three
+1 (757) 343-3258
icon_Eight
190 Middle Road, # 14-10 Fortune Centre, Singapore -188979