Global Green Ammonia Market Expected to Reach USD 34,261.8 Million by 2033 - IMARC Group

Global Green Ammonia Market Statistics, Outlook and Regional Analysis 2025-2033

The global green ammonia market size was valued at USD 445.7 Million in 2024, and it is expected to reach USD 34,261.8 Million by 2033, exhibiting a growth rate (CAGR) of 62.01% from 2025 to 2033.

The green ammonia market growth is driven by increasing demand for sustainable energy solutions and the global push towards carbon-neutral industrial practices. Also, there is a growing trend to produce green ammonia as an alternative to traditional ammonia produced from fossil fuels. Moreover, this shift is aligned with global commitments to reduce greenhouse gas emissions and to support the national green hydrogen mission. For instance, in October 2024, Hygenco Green Energies launched one of India’s largest renewable energy tenders, aiming to procure over 1,125 MW of renewable power for their green ammonia project. This project emphasizes the company’s commitment to sustainability by sourcing 625 MW from solar and 500 MW from wind energy. Also, in August 2024, HNH Energy's proposal for a USD 11 Billion green ammonia and hydrogen plant in Chile is set to become the largest project for environmental assessment in the country. The project, which includes green ammonia production, seawater desalination, and a wind farm, aligns with global trends that favor clean, sustainable energy sources. This initiative provides the necessary infrastructure for the growing green hydrogen economy as well as plays a crucial role in addressing energy security and reducing carbon footprints in South America. Meanwhile, the combined efforts in India and Chile reflect the acceleration of green ammonia production, influenced by rising investments in renewable energy and a strong regulatory push towards reducing CO₂ emissions.

Moreover, in October 2024, First Ammonia and Topsoe launched the production of 100 MW solid oxide electrolyzer (SOEC) modules for a green ammonia plant in Victoria, Texas. This launch marks a milestone in green ammonia technology, with Topsoe’s Herning factory now set to produce 500 MW of SOECs annually, contributing significantly to CO₂ reduction efforts. SOECs are a critical component of green ammonia production, enhancing efficiency by using electricity from renewable sources to split water into hydrogen, which is then combined with nitrogen to produce ammonia. This technological advancement is expected to improve the scalability and cost-effectiveness of green ammonia, further bolstering its potential as a key player in the global transition to cleaner energy. Consequently, the market is driven by advancements in electrolysis technology, increased government support for renewable energy projects, and an ongoing shift towards decarbonizing heavy industries.

Global Green Ammonia Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe dominates the green ammonia market due to its strong commitment to decarbonization and clean energy solutions.

North America Green Ammonia Market Trends:

North America is witnessing significant growth in the green ammonia industry, driven by renewable energy adoption and ammonia’s role in decarbonizing industries. In line with this, the U.S. is investing in green ammonia production technologies to meet sustainability goals. For example, projects like the ‘world’s first green ammonia plant’ in Texas aim to use solar and wind power to produce ammonia, addressing clean energy needs.

Europe Green Ammonia Market Trends:

Europe is dominating the market, as the region's focus on reducing greenhouse gas emissions and transitioning to renewable energy sources has made it a key player in the green ammonia sector. In October 2024, ACME Cleantech partnered with BASF to supply green ammonia to Europe, enhancing the continent’s clean energy transition. This collaboration, which includes green hydrogen and ammonia projects in India and Oman, supports Europe’s decarbonization goals while fostering sustainable energy solutions. Also, the market dominance is driven by the continent's technological advancements and large-scale investments in renewable energy projects.

Asia Pacific Green Ammonia Market Trends:

In Asia Pacific, especially countries like Japan and China, are showing strong interest in green ammonia for clean energy storage and maritime fuel. In addition, Japan’s ammonia strategy involves producing green ammonia from renewable sources for shipping fuel. Also, the government’s investment in ammonia-based energy storage solutions, like South Korea, is accelerating the region's green ammonia market, aligning with global decarbonization efforts.

Latin America Green Ammonia Market Trends:

Latin America is increasingly recognizing the potential of green ammonia as a sustainable alternative in agriculture and energy. Brazil is exploring green ammonia production using its abundant renewable resources, such as hydro and wind power. For example, a notable project in Brazil, the ‘green ammonia project,’ aims to reduce emissions from conventional ammonia production and support the country’s transition to a low-carbon economy.

Middle East and Africa Green Ammonia Market Trends:

The Middle East and Africa is leveraging abundant solar and wind resources for green ammonia production, focusing on clean energy exports. Saudi Arabia is investing heavily in the ‘NEOM’ project designed to produce renewable ammonia for global markets. These projects are helping the region reduce its carbon footprint while establishing itself as a key player in the global energy transition.

Top Companies Leading in the Green Ammonia Industry

Some of the leading green ammonia market companies include ACME Group, AMMPower Corp, CF Industries Holdings Inc., FuelPositive Corporation, ITM Power plc, Siemens AG, Starfire Energy, ThyssenKrupp AG, and Topsoe, among many others. In August 2023, ACME Group signed the land agreement with Tata Steel Special Economic Zone Limited (TSSEZL) for its green hydrogen and green ammonia project at the Gopalpur Industrial Park (GIP) in Odisha, making it the first-ever green hydrogen project of the state.

Global Green Ammonia Market Segmentation Coverage

• On the basis of the technology, the market has been bifurcated into proton exchange membrane, alkaline water electrolysis, and solid oxide electrolysis, wherein alkaline water electrolysis represents the most preferred segment. It operates on the principle of electrolyzing water to produce hydrogen and oxygen in an alkaline solution, utilizing relatively inexpensive catalysts.
• Based on the end user, the market is categorized into power generation, transportation, fertilizer, refrigeration, and others, amongst which transportation dominates the market. Green ammonia’s potential as a carbon-free fuel, especially in the maritime and heavy transportation sectors, positions it as a key solution in reducing transportation-related emissions.

Browse IMARC Related Reports on Green Ammonia Market:

• Japan Green Ammonia Market Report
   
• United States Green Ammonia Market Report