Blue Ammonia Market Size, Share, By Production Method (Steam Methane Reforming, Autothermal Reforming, and Gas Partial Oxidation), By Application (Transportation, Power Generation, Agriculture, and Industrial Feedstock), and By Region - Trends, Analysis, and Forecast till 2034

Report Code: PMI548124 | Publish Date: July 2024 | No. of Pages: 176

Blue Ammonia Market Size

Blue Ammonia Market Size

Blue Ammonia Market Size was valued at USD 107.9 Million in 2024 and is expected to reach USD 3621.3 Million by 2034, growing at a CAGR of 47.08%

Blue ammonia is produced using a low-carbon technology known as steam methane reformation. First, hydrogen is created as a byproduct when carbon dioxide is trapped and stored. It is then combined with nitrogen to make ammonia. There is a surge in interest and investment in the blue ammonia market as the worldwide push toward decarbonization gains momentum. Using carbon capture and storage (CCS) technology, ammonia is created by converting hydrogen into blue ammonia. It is a crucial phase in the transition to sustainable energy. With growing concerns about global warming and the need to minimize greenhouse gas emissions, blue ammonia is a practical solution that may significantly reduce carbon footprints across many businesses.