Blue Ammonia Market is Expected to Grow at a CAGR of 5.2% by 2035 | ChemAnalyst

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Blue Ammonia Market Analysis is Expected to Grow
CAGR of 5.2 by 2035 ChemAnalyst
According to ChemAnalyst report, Blue Ammonia
Market Analysis Plant Capacity, Production,
Operating Efficiency, Demand Supply, End Use,
Distribution Channel, Region, Competition, Trade,
Customer Price Intelligence Market Analysis,
2015-2035, The Blue Ammonia market has witnessed
significant growth as its demand reached 12
million tonnes in 2020 and is expected to grow at
a healthy CAGR of 5.2 in the forecast period
until 2035. The increasing utilization of Blue
Ammonia by the agriculture industry as they are
highly used in fertilizers is expected to
flourish the Blue Ammonia market across the globe
in the upcoming years. The rising demand for
Blue Hydrogen as a low carbon fuel is likely to
increase the demand for Blue Ammonia, which will
further drive its market in the next few years.
The significantly growing interest in Blue
Ammonia poses an interesting challenge due to
methane emissions in the natural gas supply chain
and the lifecycle carbon intensity of this
solution. The absence of clear regulatory
guidance and certification holds the potential
of possible environmental risks, and this is an
issue that must be tackled by the Ammonia
producers as soon as possible. Read Full Report
Here https//www.chemanalyst.com/industry-report/
blue- ammonia-market-662
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Blue Ammonia is a conventional Ammonia for which
by-product CO2 has been captured and stored,
reducing climate impact as compared with other
Ammonia. It is a feedstock for Blue Hydrogen and
a version of low-carbon fuel. Many fertilizer
producers have embarked on several projects in
recent years. Blue Ammonia is somewhat
controversial and in need of industry standards.
Ammonia is widely used for an array of
industrial applications, including transportation
and shipping, power generation, and industries
including steel, cement, and fertilizer
production, and others. With the growing
interest in hydrogen as a fuel, Ammonia has
become an easily transportable way to store it.
Hydrogen, a clean-burning fuel that has zero
carbon emissions, can be obtained by reconverting
Ammonia into gas to use in applications such as
fuel cells for cars. Blue Ammonia Market is
segmented on the basis of technology, end-use,
sales channel, and region. On the basis of
technology, the market is divided into Steam
Methane Reforming (SMR) and Auto Thermal
Reforming (ATR). The true Carbon Capture and
Storage (CCS) based Blue Ammonia production must
be based on gt90 of Carbon capture. The
production of Blue Ammonia via the Steam Methane
Reforming (SMR) method is inexpensive and quite
easy to capture and represents 50-70 of an
ammonia plants CO2 emissions. Whereas Auto
Thermal Reforming (ATR) process allows over 90
Carbon capture. ATR technology is expected to
bolster the Blue Ammonia market in the next few
years since ATR, despite lower efficiency,
allows the recovery of a much higher percentage
of process CO2 emissions as compared with SMR.
Based on several end-uses, the Blue Ammonia
market is segmented into fertilizer, wastewater
treatment, industrial power heating,
transportation, and others. The fertilizer
segment is expected to dominate the Blue Ammonia
market in the forecast period owing to the
increased demand from the downstream agriculture
industry. Sample Request https//www.chemanalyst.
com/ChemAnalyst/RequestForm Due to a number of
investments in the Gulf countries regarding blue
and green hydrogen, Blue Ammonia could become a
viable fuel source for the future. In gas- rich
regions such as North America, the Middle East,
and Russia, the demand for Blue Hydrogen is
continuously growing as it keeps on adding value
to low cost and abundant gas reserves, which is
further driving the demand for Blue Ammonia.
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Several projects related to Blue-Ammonia have
been announced in different regions, especially
in the Middle East. Similar to Blue Hydrogen, it
is projected that Blue Ammonia will become a
stepping stone toward a carbon-free product in
the next few years. In 2020, the unprecedented
outbreak of COVID-19 caused the Blue Ammonia
market to witness a downward trajectory around
the globe. The imposition of strict restrictions
and nationwide lockdowns by the government
authorities in several countries affected the
supply chain of Blue Ammonia across the world.
Due to the halt in transportation activities,
several end-use industries observed a drastic
decline due to the unavailability of the product.
Amidst the looming concern, the demand for
fertilizers from the downstream agriculture
industry remained sturdy during the covid
times. Among different regions, the Middle East
African region is forecasted to dominate the
Blue Ammonia market across the globe in the next
ten years owing to the multi- billion dollar
projects in the region. Abu Dhabi National Oil
Company (ADNOC) announced on 24th May 2021 that
it would boost the blue ammonia production
facility in Ruwais, Abu Dhabi, in UAE. The
growing demand for fuel Ammonia in regions
including North America and Russia will augment
the Blue Ammonia market in the future. Some of
the major players operating in Blue Ammonia
market include CF Industries, Nutrien, Jinmei
Group, Yihua Group, PetroChina Group, Qatar
Fertilizer Co (QAFCO), Yara, EuroChem Group,
TogliattiAzot, Yangmei Group, Acron Group, and
Others. Rapidly growing demand for fertilizers
from the blooming Agriculture industry is likely
to boost the Blue Ammonia market in the forecast
period until 2035. Due to the spread of
COVID-19, there was a halt on transportation
activities due to which the supply of Blue
Ammonia got restricted amidst the strong demand
across the globe. As several million dollar
projects are lined up in gas rich regions
including Middle East and North America in
regards to Blue Ammonia, it is likely to drive
the market in the span of the next ten years.
said Mr. Karan Chechi, Research Director
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with TechSci Research, a research-based
management consulting firm promoting ChemAnalyst
worldwide. Report Scope In this report, Blue
Ammonia market has been segmented into following
categories, in addition to the industry trends
which have also been detailed below
Attribute Details
Market size volume in 2020 12 Million Tonnes
Growth Rate CAGR of 5.2 from 2021 to 2035
Base year for estimation 2020
Historic Data 2015 2019
Forecast period 2021 2035
Quantitative units Demand in Million Tonnes and CAGR from 2021 to 2035
Report coverage Revenue forecast, demand supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered By Technology (Steam Methane Reforming (SMR) and Auto Thermal Reforming (ATR) By End-Use (Fertilizer, Wastewater Treatment, Industrial Power Heating, Transportation, and Others) By Sales Channel (Direct Company Sale, Direct Import, Distributors Traders)
Regional scope North America Europe Asia Pacific South America Middle East Africa
Country scope United States Mexico Canada China India Japan South Korea Taiwan Singapore Germany Belgium France United Kingdom Spain Italy Sweden Austria Saudi Arabia Iran South Africa Brazil Argentina
Key companies profiled CF Industries, Nutrien, Jinmei Group, Yihua Group, PetroChina Group, Qatar Fertilizer Co (QAFCO), Yara, EuroChem Group, TogliattiAzot, Yangmei Group, Acron Group, and Others.
Customization scope Free report customization with purchase. Addition or alteration to country, regional segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options
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