Europe Green Ammonia Market 2028: Regional Analysis & Forecast

Rising demand from energy and agriculture drives the  Europe green ammonia market in the forecast period 2024-2028. According to the TechSci Research report, “Europe Green Ammonia Market- Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Europe's green ammonia market is anticipated to grow appreciably at the rate in the forecasted period, 2024-2028.

The Important Elements of Europe's Green Ammonia Market

The development of the green ammonia market can provide new opportunities for sustainable agriculture practices. Farmers who adopt sustainable agriculture practices can potentially benefit from the growing demand for sustainably produced food and products. The use of green ammonia as a sustainable fertilizer can help farmers meet these demands and differentiate themselves in the marketplace.

Furthermore, European Union's plan for green ammonia has the potential to transform the energy and agriculture industries, creating new opportunities for sustainable growth and reducing greenhouse gas emissions. However, there are still several challenges to be addressed. The cost of producing green ammonia is still relatively high compared to conventional ammonia, and the infrastructure for transporting and storing it is not yet in place. In addition, there are concerns about the safety of handling and transporting ammonia that impeding the market growth of Europe's Green Ammonia market growth in the forecasted period.

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Europe Green Ammonia Market is segmented based on product type and mode of distribution.

Based on the production method, the market is divided into alkaline water electrolysis, proton exchange membrane, and solid oxide electrolysis. Alkaline-water electrolysis is expected to hold the largest market share in the forecast period owing to its production of raw material which is abundantly available and inexpensive. Such as simple iron or nickel steel electrodes.

Based on the end user, the market is divided into power generation, transportation, fertilizers, and others. The fertilizer segment is expected to hold the largest market share in the forecast period. Due to growing awareness towards healthy and sustainable products and a growing population, the demand for green ammonia-based fertilizer is growing as it is used to produce carbon-neutral fertilizer products and decarbonize the food value chain.

Major companies operating in the Europe Green Ammonia Market are:

• Yara international ASA
• Haldor Topsoe Holding A/S
• ThyssenKrupp AG
• Siemens Energy ag
• BASF SE
• ACME Group
• GKN Ammonia Ltd.
• Fertiglobe plc
• NEL Hydrogen AS
• Green Hydrogen Systems A/S

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“The launch of green ammonia products in Europe is expected to have a significant impact on the energy and agricultural sectors. In the energy sector, green ammonia can be used as an energy carrier and storage solution, helping to support the integration of renewable energy sources into the grid. In the agricultural sector, green ammonia can be used as a sustainable fertilizer, reducing the environmental impact of conventional fertilizers. This led to increasing in demand for green ammonia in Europe.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Europe Green Ammonia  Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by Production Method (Alkaline Water Electrolysis, Proton Exchange Membrane, and Solid Oxide Electrolysis), By End Use (Power Generation, Transportation, Fertilizers, Others) By Region and Competition, 2028, has evaluated the future growth potential of Europe green ammonia market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Europe green ammonia market.”

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