Green Ammonia Market By Production Technology (Alkaline Electrolysis, Proton Exchange Membrane Electrolysis, Solid Oxide Electrolysis, Anion Exchange Membrane Electrolysis, Others), By Renewable Power Source (Wind Power, Solar Power, Hydropower, Geothermal Energy, Biomass, Hybrid), By Ammonia Synthesis Technology (Conventional Haber–Bosch Process, Low-Temperature Haber–Bosch, Small-Scale Haber–Bosch Units, Electrochemical Ammonia Synthesis, Plasma-Assisted Ammonia Synthesis), By Application (Fertilizers, Power Generation & Energy Storage, Shipping Bunker Fuel, Hydrogen Carrier, Industrial Feedstock, Others), By End-User (Agriculture & Agrochemicals, Shipping & Marine Industry, Power Utilities & IPPs, Chemicals & Petrochemicals, Government & Defense, Others), Global Market Size, Segmental Analysis, Regional Overview, Company Share Analysis, Leading Company Profiles And Market Forecast, 2025 – 2035

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What trends will shape the Green Ammonia Market in the coming years?

The Green Ammonia Market accounted for USD 445.7 Million in 2024 and USD 722.08 Million in 2025 is expected to reach USD 34270.39 Million by 2035, growing at a CAGR of around 62.01% between 2025 and 2035. The Green Ammonia Market will be influenced by faster decarbonization efforts in agriculture, shipping, and the power sector, with governments initiating subsidies, carbon charges, and mandatory low-carbon fuels. Demand will increase due to the growing use of ammonia as a marine fuel under IMO emission regulations and as a hydrogen carrier to trade around the world. Increased efficiency of electrolyzers and the magnitude of renewable generation initiatives will bring down the cost of production, and green ammonia can become competitive. Strategic alliances between energy firms, fertilizer producers, and shippers are being formed to obtain long-run offtake contracts. The project pipelines in regions such as Europe, Japan, South Korea, and the Middle East have ambitious export-import corridors. The trend of growing the pilot-to-commercial-scale projects will shift the industry to large-scale implementation. Overall, green ammonia will become one of the key facilitators of the net-zero energy transition in the next few years.

What do industry experts say about the Green Ammonia market trends?

“Decarbonized fertilizers are a game changer for agriculture, shipping, and energy, but the complexity and costs of producing green ammonia should not be underestimated.”

• Svein Tore Holsether, CEO, Yara International.

Which segments and geographies does the report analyze?

What are the key drivers and challenges shaping the Green Ammonia market?

How will renewable hydrogen integration accelerate sustainable ammonia production and reduce global carbon emissions?

The Green Ammonia Market shows transformative growth due to the incorporation of renewable hydrogen into the production of ammonia. This incorporation will greatly minimize the emission of carbon gases as the intake of traditional fossil-based hydrogen is substituted with green hydrogen that is generated with the help of renewable energy resources. The Ministry of New and Renewable Energy (MNRE) stated that India targets to manufacture 5 million metric tonnes of green hydrogen each year, which will need Green Hydrogen Hubs to facilitate the mass production. These centers make it easy to effectively use the green hydrogen in ammonia making to have a sustainable supply chain.

The National Green Hydrogen Mission envisions strategic interventions such as providing financial aid in the production of electrolyzers and green hydrogen production in order to hasten the adoption of the technologies. It also focuses on the construction of effective transport and storage of green hydrogen and its derivatives, like green ammonia, by developing infrastructure, e.g., pipelines and storage facilities. By transitioning to green hydrogen, industries will be able to cut down their carbon footprint to a large extent as a component of the climate goals and net-zero solutions in India. This shift positions green ammonia as a key enabler of sustainable industrial practices and clean energy adoption. Renewable hydrogen can also contribute, in the sense that it will enhance energy security since it will reduce the dependency on foreign fossil fuels and will promote the renewable energy generated locally. The partnership between government and industry is important in developing an effective green hydrogen ecosystem that enhances sustainable production of ammonia and decarbonization processes at an international scale.

Can increasing demand for low-carbon fertilizers in agriculture boost green ammonia adoption rates?

The Green Ammonia Market is also undergoing tremendous growth due to increased demand for low-carbon fertilizers in agriculture. This has been mostly brought about by the necessity of sustainable agricultural practices that would cut greenhouse emissions and reliance on fossil fuels. To this end, the Government of India has increased funding for the production of green ammonia to stimulate the use of cleaner alternatives. Notably, the fertilizer sector was put in the limelight when the Ministry of New and Renewable Energy (MNRE) increased the budget allocation in the framework of the SIGHT Programme, indicating the growing use of green ammonia in agriculture.

The modification represents the increased appreciation of green ammonia as a low-carbon alternative to traditional ammonia that is manufactured with fossil fuels. The efforts of the government are to encourage uptake in fertilizer production, thus causing a decline in the number of carbon emissions within the agricultural industry. When green ammonia is introduced into the fertilizers, farmers could attain more sustainable practices that would comply with the global climate objectives. This also improves energy security, as there is a decrease in dependence on imported fossil fuels. The decision to pay even more attention to green ammonia proves the intention to develop the low-carbon economy and use sustainable agrarian regimes. Green ammonia is set to become a central element in the process of changing the process of creating fertilizers to something more friendly and resilient to green as more and more people adopt it.

How might high electrolyzer and infrastructure costs limit green ammonia project profitability globally?

A major challenge to green ammonia profitability in projects across the globe is the high cost of electrolyzers and infrastructure. Electrolyzers are a core component in the production of green hydrogen since they are capital-intensive and technologically advanced, thus raising the cost of projects. Both massive integrations of renewable energy sources, such as wind and solar facilities, contribute to infrastructure expenses and the complexity of a project. Maintenance and operational expenses for electrolysis plants further contribute to financial burdens, particularly in regions with limited technical expertise. There are high initial capital requirements that discourage new entrants and slow down the uptake of green ammonia technologies in new markets. Such projects are usually financed through good government policies, subsidies, or low-interest loans to make them economically viable.

Cost can also be a limiting factor to scalability, and it is decelerating the application of large-scale ammonia production plants. In addition, the availability of renewable energy may be intermittent, hence impacting efficiency in operations, which determines the generation of revenue. In order to manage profitability, businesses are faced with the decision of technology, sources of energy, and capital investments. Overall, one of the primary constraints that influences the investment decisions and market evolution in the global green ammonia market is the cost of electrolyzers and infrastructure.

Can developing ammonia-to-hydrogen supply chains enable international clean energy trade growth rapidly?

The Green Ammonia Market has the potential to increase transboundary trade in clean energy by several folds through the establishment of ammonia-to-hydrogen supply chains. The purpose of the National Green Hydrogen Mission in India is to make the country an international center of green hydrogen and its derivatives, such as green ammonia, by defining a minimum proportion of its consumption among specific consumers. Strategic interventions are supported by this initiative, like the SIGHT Programme, where financial incentives are given to manufacture electrolyzers and generate green hydrogen. Another focus of the mission is the establishment of green hydrogen hubs to enable mass production and use to boost the entire supply chain. Through these, dependence on fossil fuels is minimized, sustainable energy practices are advocated, and India turns out to be a major player in the renewable energy market in the world.

By having ammonia-to-hydrogen supply chains in place, effective transportation and storage of clean energy will become a possibility because of the challenge of energy density being low in hydrogen. Such supply chains will have the capacity to accelerate the global adoption of clean energy technologies through the existing infrastructure and foster global collaboration. When green ammonia is incorporated into the world energy markets, it will be easy to decarbonize these sectors that have been hard to decarbonize, and it will be able to reach the target of net-zero emissions. This will enhance the energy security level, consistent delivery of renewable energy, and bilateral trade between the producer and consuming nations. Summatively, ammonia-hydrogen supply chains represent an alternative course of strategy to facilitate the creation of clean energy trade at the global level and reach international sustainability goals.

Will government incentives and subsidies encourage investments in renewable ammonia production projects?

The green ammonia market is undergoing steep growth following incentives and subsidies by the government to stimulate investments in renewable ammonia production initiatives. The Strategic Interventions of Green Hydrogen Transition (SIGHT) Programme, introduced by the Ministry of New and Renewable Energy (MNRE), includes its own specific element according to which financial aid to the production of green ammonia can be obtained. This effort assists manufacturers and developers in decreasing the price disparity between traditional and environmentally friendly ammonia, rendering sustainable manufacturing more cost-efficient. This is further supported by the National Green Hydrogen Mission, which provides minimum consumption requirements to the specified consumers, ensuring a good demand for green ammonia. The goals of these measures are to jump-start domestic production, increase energy security, and decarbonize major sectors, including fertilizers, shipping, and power generation.

The government is also taking part in ensuring a smooth transition to sustainable production of ammonia through the provision of monetary incentives and providing a friendly regulatory environment. The strategic objective of India to become a global hub of hydrogen and its derivatives also suits the program. With such policies, the inflow of investment by the private sector, technological advancement, and international cooperation will be achieved. Cumulatively, these initiatives boost the future of the green ammonia market and accelerate its role in facilitating the clean energy transition around the globe. Overall, it can be concluded that government financing is taking center stage in overcoming the barriers to the adoption of green ammonia in the global community, both financially and operationally.

What are the key market segments in the Green Ammonia industry?

Based on the product type, the Green Ammonia Market is classified into Alkaline Electrolysis, Proton Exchange Membrane Electrolysis, Solid Oxide Electrolysis, Anion Exchange Membrane Electrolysis, and Others. Alkaline Electrolysis enjoys popularity due to its technological maturity, and its use is cost-effective given the substantial scale of large-scale processes, whereas Proton Exchange Membrane (PEM) Electrolysis is gaining popularity due to its increased efficiency and scalability with renewable energy.

Solid Oxide Electrolysis (SOEC) is more energy efficient and could use industrial waste heat, but Anion Exchange Membrane (AEM) Electrolysis is being developed to be modular and decentralized to produce ammonia. Additional and more novel hybrid and innovative electrolysis technologies are under development to increase scalability and lower production costs. The variety of these technologies facilitates the diversity of project sizes and regional energy profiles, and all this will result in the development and technological progress of the global green ammonia market.

Based on the application, the Green Ammonia Market is classified into Fertilizers, Power Generation & Energy Storage, Shipping Bunker Fuel, Hydrogen Carrier, Industrial Feedstock, and Others. The largest application market is the continuity of fertilizers due to the rising popularity of sustainable farming and low-carbon nitrogen products. Increased attention is being paid to power generation and energy storage applications, including ammonia as a gas turbine fuel and as a carrier of hydrogen in long-duration energy storage. Bunker fuel shipment is also increasing, and there is an emerging tendency in international shipping policies that require low tank fuels.

Hydrogen carrier applications make the transportation and storage of renewable hydrogen efficient for be utilized in industry and energy. Industrial feedstock includes industries, including chemicals, refining, and steel and cement industries, that are seeking to decarbonize. Other applications that are gradually emerging are cold chain and niche industrial processes. Collectively, these segments are resulting in the development and diversification of the global green ammonia market.

Which regions are leading the Green Ammonia market, and why?

The North American Green Ammonia Market is leading due to the decarbonization in the fields of agriculture, energy, and industry. The U.S. is the leader in the region, which is encouraged by the good policies like the Inflation Reduction Act (IRA), the tax credit on the production of green hydrogen, and the financial support of pilot projects. Canada is also spending on renewable hydrogen facilities that can be converted into green ammonia that can be used locally and exported.

The most important initiatives in Texas, California, and the Midwest are already using the available solar and wind potentials to generate affordable green ammonia. The market expansion is also backed by the rising adoption in fertilizer manufacturing, marine bunkering, and power generation uses. The energy majors, technology suppliers, and port authorities are collaborating strategically to hasten commercial-scale deployments. Increased need for low-carbon fertilizers and green fuels is promoting the level of production locally and those that lead to exports. In general, North America can be described as a key market with good policy support, technology, and a growing green ammonia commercialization infrastructure.

The Asia Pacific Green Ammonia Market is growing due to the active governmental activities, high renewable energy goals, and the increase in the demand for low-carbon fertilizers and fuel. The top growth is in China, India, Japan, and South Korea, with massive projects underway to combine wind, solar, and water electrolysis to produce green ammonia. India is especially becoming a major exporter, and several pilot and commercial plants will be established in states such as Odisha and Gujarat.

Ammonia as a marine fuel and hydrogen carrier is of interest to Japan and South Korea in order to decarbonize power and industrial systems and enable the energy transition. The region is rich in renewable sources, decreasing prices of electrolyzers, and collaboration among energy companies and technology providers, and manufacturing clients. Improved investments into the port infrastructure and ammonia storage facilities are paving the way for domestic and export potential. There are fast growths in agriculture, energy, and industrial applications with policy frameworks, subsidies, and carbon reduction levels. Overall, Asia-Pacific has the most favorable policy environment, availability of resources, and strategic projects, which have seen it become the most rapidly expanding green ammonia market in the global market.

What does the competitive landscape of the Green Ammonia market look like?

The green ammonia market is a new field where there is much competition between the old chemical giants and the startups. Big players like Yara International, CF Industries, and Nutrien are shifting to green ammonia using their current manufacturing and distribution channels. AM Green and Proton Ventures, among other innovative companies, are developing new technologies that have the potential to facilitate the integration of renewable energy sources such as wind and solar with the electrolysis process in the production of low-carbon ammonia.

The strategic alliances and joint ventures are increasing, and companies can share and learn from each other, mitigate risk, and speed up the use of a large-scale project. In a pointer, Coal India Limited (CIL) and AM Green have sealed a mega deal to deliver renewable energy to generate green ammonia. This highlights the rising trend of government collaborations with industry at the forefront to spearhead sustainable ammonia initiatives. The government plays a positive policy maker, and this has been embodied in investments and new entrants, where it subsidizes, provides tax incentives, and funds green hydrogen. The demand put on fertilizers, hydrogen-based industries, and marine fuels is increasing the competition. Company relocation towards technological innovation, low cost, and strategic alliances is a means of gaining market share. Overall, the competitive landscape is evolving at a higher rate and size, and innovation will determine leadership of the green ammonia industry.

Green Ammonia Market, Company Shares Analysis, 2024

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Which recent mergers, acquisitions, or product launches are shaping the Green Ammonia industry?

• In August 2025, China's Sinopec secured an engineering contract with ACWA Power for the world's largest integrated green hydrogen and green ammonia project in Yanbu, Saudi Arabia, set to begin commercial operations in 2030. Sinopec's Sinopec Engineering subsidiary will handle the project's engineering design and procurement. The facility will annually produce 400,000 metric tons of green hydrogen and 2.8 million tons of green ammonia, powered entirely by wind and solar energy.
• In July 2025, India's Solar Energy Corporation (SECI) released the results of its first-ever e-Reverse Auction for the production and supply of green ammonia. The auction, under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme, aims to decarbonize the fertilizer industry by incentivizing green ammonia production.
• In May 2025, Envision Energy announced the completion of the world's largest green hydrogen and ammonia plant, which is significant because it utilizes an off-grid renewable energy system to produce green ammonia, a stable medium for transporting and storing hydrogen, paving the way for wider adoption of green hydrogen in heavy industries.

Report Coverage:

By Production Technology

• Alkaline Electrolysis (AEL)
• Proton Exchange Membrane (PEM) Electrolysis
• Solid Oxide Electrolysis (SOEC)
• Anion Exchange Membrane (AEM) Electrolysis
• Others

By Renewable Power Source

• Wind Power
• Solar Power
• Hydropower
• Geothermal Energy
• Biomass
• Hybrid

By Ammonia Synthesis Technology

• Conventional Haber–Bosch Process
• Low-Temperature Haber–Bosch
• Small-Scale Haber–Bosch Units
• Electrochemical Ammonia Synthesis
• Plasma-Assisted Ammonia Synthesis

By Application

• Fertilizers
• Power Generation & Energy Storage
• Shipping Bunker Fuel
• Hydrogen Carrier
• Industrial Feedstock
• Others

By End-User

• Agriculture & Agrochemicals
• Shipping & Marine Industry
• Power Utilities & Independent Power Producers (IPPs)
• Chemicals & Petrochemicals
• Government & Defense
• Others

By Region

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Singapore
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC Countries
• South Africa
• Rest of Middle East & Africa

List of Companies:

• ThyssenKrupp AG
• Yara International ASA
• Siemens Energy
• Nel ASA
• MAN Energy Solutions
• ACME Group
• Iberdrola S.A.
• BASF SE
• ENGIE SA
• CF Industries Holdings Inc.
• Uniper SE
• Greenko Group
• KAPSOM plc
• ITM Power plc
• Proton Ventures

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