Blue Ammonia Market - The Future of Fuel & Energy (2024-2050) | Inkwood Research

GLOBAL BLUE AMMONIA MARKET FORECAST

2024-2050

Global Blue Ammonia Market by Technology (Steam Methane Reforming, Autothermal Reforming, Gas Partial Oxidation) Market by Application (Agriculture, Maritime Transport, Hydrogen Carrier, Power Generation, Other Applications) by Geography

Report Summary

• The global blue ammonia market is expected to reach $74413.57 million by 2050, growing at a CAGR of 7.89% during 2045-2050.

• Blue ammonia is poised to emerge as an eco-friendly substitute for grey ammonia. It is ammonia derived from natural gas with concurrent carbon capture and storage, ensuring over 90% of emitted carbon during production is captured and sequestered.

• Additionally, blue ammonia is anticipated to transform the maritime, power, and energy domains, serving as a zero-carbon fuel for shipping and contributing significantly to low-carbon power generation and hydrogen transport.

Market Segmentation – Technology and Application

Market by Technology

• Steam Methane Reforming (SMR)

• Autothermal Reforming (ATR)

• Gas Partial Oxidation

Market by Application

• Agriculture

• Maritime Transport

• Hydrogen Carrier

• Power Generation

• Other Applications

Country Analysis comprises Five Key Countries

• The United States

• China

• Germany

• Japan

• South Korea

• Other Countries

Key Players studied in the Market

• ADNOC Group

• CF Industries

• Ma’aden

• OCI Global

• POSCO Holdings Inc

• Shell

• Yara International