San Francisco, USA, Jan. 19, 2026 (GLOBE NEWSWIRE) — The Green Ammonia Market is gaining significant momentum as industries, governments, and energy stakeholders shift toward low-carbon and sustainable chemical production pathways. Green ammonia refers to ammonia produced using renewable electricity for hydrogen generation through water electrolysis, eliminating the use of fossil fuels in the production cycle. This transition represents a fundamental change from conventional ammonia manufacturing, which is one of the most carbon-intensive industrial processes globally. As climate commitments tighten and demand for clean energy alternatives rises, green ammonia is increasingly viewed as a strategic solution for decarbonizing agriculture, energy storage, power generation, and maritime transport.
The Green Ammonia Market was valued at US$ 291.89 million in 2024, and is projected to expand at a CAGR of 67.98% during 2025-2032, primarily driven by the accelerating adoption of renewable hydrogen. By 2032, the market is expected to reach US$ 18,326.59 million. Green ammonia has emerged as both a sustainable fertilizer input and a versatile energy carrier. Its ability to store renewable energy in chemical form and transport hydrogen efficiently makes it attractive beyond traditional agricultural use. Countries aiming to meet net-zero targets are incorporating green ammonia into national hydrogen strategies, renewable energy expansion plans, and long-term energy security frameworks. As a result, the market is transitioning from pilot-scale projects toward early commercial adoption, supported by policy incentives and large-scale infrastructure investments.
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Global Green Ammonia Market Key Players- Detailed Competitive Insights-
- AMMPower Corp.
- Ballard Power Systems Inc.
- BASF SE
- CF Industries Holdings, Inc.
- Enapter AG
- ENGIE SA
- FuelPositive Corporation
- Haldor Topsoe A/S
- Hiringa Energy Limited
- ITM Power PLC
- Nel ASA
- Siemens Energy AG
- Starfire Energy LLC
- Thyssenkrupp AG
- Uniper SE
- Yara International ASA
- Others
Market Dynamics-
The green ammonia market is being shaped by policy mandates, technology progress, investment flows, and rising demand from hard-to-abate sectors. Governments are tightening carbon regulations across industrial production and shipping, pushing fertilizer producers, power utilities, and marine operators to adopt low-carbon alternatives. For instance, the IMO's 2023 GHG Strategy targets net-zero emissions from international shipping by ~2050, with interim goals to reduce emissions by at least 20% (striving 30%) by 2030 and at least 70% (striving 80%) by 2040 (vs. 2008 baseline).
At the same time, improvements in electrolyzer efficiency and expanding renewable capacity are supporting long-term cost reduction. However, large-scale deployment remains limited by high capital requirements, as projects need integrated renewable power, electrolysis, nitrogen separation, and ammonia synthesis infrastructure. As a result, near-term growth is concentrated in regions with strong government backing and low-cost renewables, while key industry players are beginning to secure early offtake volumes to build future supply chains.
Key Market Drivers-
One of the key growth drivers for the green ammonia market is the intensifying global push for industrial decarbonization. Conventional ammonia production is highly emission-intensive–each tonne of ammonia typically generates ~1.6-2.4 tonnes of COâ‚‚, making the sector a meaningful contributor to industrial carbon emissions. Shifting to green ammonia offers a direct and scalable pathway to reduce emissions without changing end-use applications, which is why fertilizer producers are prioritizing it to strengthen sustainability performance while maintaining output.
Another major driver is the rising importance of green ammonia as a renewable energy carrier and storage medium. With solar and wind generation being intermittent, countries with high renewable penetration need long-duration storage solutions to balance grids. Green ammonia enables this by converting surplus renewable electricity into a storable, transportable chemical fuel, supporting seasonal storage and cross-border energy trade–especially where battery storage is costly or limited at scale.
Market Restraints and Challenges-
Despite its strong long-term outlook, the green ammonia market is constrained by several key challenges–most notably high production cost. Green ammonia remains significantly more expensive than conventional ammonia, primarily due to the high cost of renewable electricity in certain regions and the capital-intensive nature of electrolyzers and integrated production systems. While technology advancements and renewable expansion are expected to improve economics over time, near-term adoption is still highly dependent on government support, including subsidies, incentives, and carbon pricing mechanisms, to bridge the cost gap and enable commercial-scale deployment.
Regional Analysis-
The United States is gradually positioning itself as a key player in the global transition toward green ammonia, supported by a clear policy framework, abundant renewable energy potential, and active participation from major industrial producers. On the other hand, several key projects exemplify Europe's early leadership. In Norway, Yara International's Herøya plant began renewable ammonia production in mid- 2024, supplying green fertilizer under its “Yara Climate Choice” brand. In Spain, the Iberdrola-Fertiberia Puertollano project operates a 20 MW electrolyzer facility integrated with ammonia synthesis for domestic fertilizer consumption.
In the Asia Pacific region, Japan provides the region's clearest demand marker. The government's ammonia strategy–embedded in METI's hydrogen plans–points to multimillion- ton imports over the coming decades and sets explicit delivered-cost targets for ammonia supply, with utility pilots already validating co-firing at scale (20% heat input at JERA's Hekinan unit with IHI).
Reasons to Buy a Green Ammonia Market Report-
The green ammonia industry is still emerging, and regulations, incentives, and decarbonization mandates are changing continuously across regions. In such a fast-moving market, buying this report helps stakeholders stay up to date with the latest policy updates, technology trends, and project developments, ensuring decisions are based on current market reality.
The report provides clear insights on growth segments, competitive landscape, investment opportunities, and key risks, while supporting strategic planning through supply chain readiness assessment and project financial viability evaluation. It enables companies and investors to track opportunities early and reduce uncertainty in this evolving clean energy ecosystem.
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