Green Ammonia Market Assessment By Technology (Alkaline Water Electrolysis, Proton Exchange Membrane Electrolysis, Solid Oxide Electrolysis), By Application (Chemicals, Fertilizers, Power Generation, Transportation, Others), By End-User, By Region and By Country; Outlook and Forecast, 2025 – 2035

Report Summary

Green Ammonia Market Size Statistics

• Global green ammonia market is expected to reach USD 35 billion in 2035.
• Global green ammonia industry was valued at USD 400 Million in 2024.
• As per Vertex, Green ammonia market share to expand at 70% CAGR between 2025 and 2035

The worldwide green ammonia market is set to witness substantial growth with increasing demand for green energy solutions and the global transition towards carbon neutrality. Green ammonia, made from renewable energy sources, is a carbon-free substitute for traditional ammonia and is essential in cutting greenhouse gas emissions across different industries. The market drivers are stringent environmental policies, high demand for clean fuels and green chemicals, and technology advancements in electrolyzers. Strategic collaborations, technological advancements, and large-scale projects development are significant trends witnessed in the green ammonia market. With production anticipated to hit 25 million tons by 2030 and about 80 million tons by 2035, green ammonia industry will be the key driver in clean energy transformation, hydrogen economy growth, and worldwide carbon neutrality.

Green Ammonia Market Overview 

Green Ammonia refers to ammonia that is produced using renewable power sources such as wind and solar power, yielding zero or minimal carbon emissions. Green ammonia is manufactured through the use of renewable energy to power the electrolysis of water to produce green hydrogen, which is then reacted with atmospheric nitrogen using the Haber-Bosch process to synthesize ammonia. Conventional ammonia production utilizes natural gas, with significant CO₂ emissions.
Green ammonia is a low-carbon substitute for blue or gray ammonia. Fertilizers, marine fuel, electricity generation, chemical feedstock are some of the key applications. A standard green ammonia plant contains components such as Renewable Energy Source, Electrolyzer, Air Separation Unit, Haber-Bosch Reactor, Storage and Distribution Facilities. Process involves Water electrolysis, nitrogen separation, ammonia synthesis, and storage.

Green Ammonia and Green Hydrogen Economy

Green ammonia and green hydrogen have a symbiotic relationship. Green hydrogen is the primary feedstock for the production of green ammonia. The interdependence between the two fuels is central to the new green hydrogen economy, allowing for efficient hydrogen storage, transport, and use in various industries.

Green hydrogen is generated by using electrolysis to split water (H₂O) into oxygen (O₂) and hydrogen (H₂) with power from renewable resources. Green hydrogen is then added to nitrogen derived from the atmosphere using the Haber-Bosch process. This chemical process, when utilized with renewable power, leads to the creation of green ammonia. The price and accessibility of green hydrogen have a direct bearing on the production and economic attractiveness of green ammonia. Any improvement in the production of green hydrogen, for example, more efficient electrolyzers or lower renewable energy prices, will benefit the green ammonia market.

Although green hydrogen is a clean energy carrier, its low volumetric energy density makes it difficult to store and transport. It must either be cryogenically cooled (-253°C) for liquefaction or compressed at high pressure (350–700 bar) to be transported economically. These processes are expensive, energy-intensive, and create infrastructure challenges.

Green ammonia provides a more feasible and cost-efficient method of hydrogen storage and transportation. Ammonia (NH₃) provides a much higher volumetric energy density than hydrogen gas. Green ammonia may be stored and transported in liquid form at moderate pressure and temperature using the existing infrastructure for traditional ammonia. It poses a lower risk of flammability than hydrogen and is therefore safer for bulk storage and distribution. However, conversion efficiency is still a challenge since the conversion of green hydrogen to green ammonia and then back to hydrogen or electricity is an energy-loss process.

Green Ammonia Market Drivers & Trends

• Strict Environmental Regulations and Carbon Neutrality Targets

• Growing Demand for Clean Fuels and Green Chemical Feedstock

• Improvements in Electrolyzers (PEMs, SOECs, alkaline) and Ammonia Synthesis Technology

• Use of Green Ammonia in Shipping and Transportation Industries

• Energy Storage at the Grid Scale and Integration of Renewable Energy

• Expansion of Green Ammonia Export Hubs and World Trade Networks

• Increasing Investments in Large-Scale Green Ammonia Production Plants

Green Ammonia Market – Key Insights

• Based on Technology, Alkaline Water Electrolysis segment dominated the global Green Ammonia market with more than 70% market share in 2024. 

• Based on Application, Fertilizers segment is expected to dominate the global Green Ammonia market during the forecast period till 2035.

• Based on End-user, Industrial Manufacturing segment is projected to grow with fastest CAGR throughout the forecast period.

• Based on Region, Europe region led the global Green Ammonia market in 2024 with around 40% market share. Asia Pacific region is projected to expand with fastest CAGR during the forecast period till 2035.

What are Green Ammonia Market Segmentations and Market Shares?

Green Ammonia Market Segments based on Technology

• Alkaline Water Electrolysis
• Proton Exchange Membrane Electrolysis
• Solid Oxide Electrolysis

Based on technology, Alkaline Water Electrolysis led the green ammonia market with a share of more than 70% of total market in 2024. This is due to the technological maturity of AWE, its scalability and cost savings in reliability, and low capital investment needs. As an alkaline electrolysis solution, AWE systems effectively split water into hydrogen and oxygen. Their mass market adoption is also supported by long-lived operation times and less capital investment needs compared to nascent electrolysis technologies.

Operating at elevated temperatures, SOEC utilize a solid oxide ceramic electrolyte to facilitate water electrolysis, and this is done with higher energy efficiency than low-temperature technologies. SOEC systems can capitalize on waste heat from prevailing industrial processes, minimizing external energy inputs and maximizing overall energy efficiency. Being more operationally efficient, SOECs use less electricity per kilogram of hydrogen generated. Their potential to operate effectively with intermittent renewable energy sources makes SOECs an important part of the backbone for sustainable energy infrastructure, particularly large-scale green ammonia production.

Green Ammonia Market Segments based on Application

• Chemicals
• Fertilizers
• Power Generation
• Transportation
• Others

The fertilizers segment is expected to lead the global green ammonia market during the forecast period. It is so due to the agriculture sector's transition towards environmentally friendly practices to avoid greenhouse gas emissions from conventional ammonia production. Green ammonia is a sustainable feedstock for most fertilizers based on nitrogen like urea, ammonium nitrate, and ammonium sulfate, thereby supporting sustainable agricultural programs.

With decarbonization on the agenda for industries, green ammonia is being widely utilized as a green feedstock in plastic production, synthetic fibers, and other industrial chemicals, propelling growth in the chemicals segment.

Green ammonia can also be used to power fuel cells such as Solid Oxide Fuel Cells (SOFCs) and provide electricity in the form of zero greenhouse gas emissions. SOFCs have the ability to use the direct utilization of ammonia as fuel without the need for complex ammonia cracking schemes. Alternatively, the ammonia can be broken down into hydrogen and nitrogen with the hydrogen utilized in standard hydrogen fuel cells such as Proton Exchange Membrane Fuel Cells (PEMFCs), taking advantage of existing hydrogen infrastructure. 

Green Ammonia Market Segments based on End-User

• Agriculture
• Industrial Manufacturing 
• Power & Energy Storage Utilities
• Shipping & Transportation
• Others

Based on End-user, Industrial Manufacturing segment is projected to grow with leading CAGR throughout the forecast period. As industries prioritize sustainability, the demand for green ammonia feedstock will increase. Industries are using green ammonia as a feedstock in various manufacturing processes, promoting sustainable production of chemicals, pharmaceuticals, textiles, and synthetic fibers.

Green Ammonia Market Report Scope & Snapshot

What are Regional & Country Trends in Global Green Ammonia Market?

Global Green Ammonia Market - Regional Insights

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Europe led the world in green ammonia market in 2024 at around 40% market share, propelled by strong policy making and infrastructure growth. It is geared towards the use of green ammonia in marine transportation and industrial applications and is strongly focused on creating a robust green hydrogen and green ammonia economy. Strong decarbonization strategies and positive policies are powering the growth of the market. Domestic manufacturing and import policies are facilitated through current ammonia infrastructure.

The Asia Pacific region is expected to grow at the highest CAGR of 75% over the forecast period. It is being driven by increasing energy demand, aggressive decarbonization strategies, and vast renewable energy potential. Strategic partnerships and government encouragement are stimulating project development, and massive export projects further support regional market growth.

How is the Competition Dynamics in Green Ammonia Market?

The green ammonia industry is highly competitive with the presence of major players such as green ammonia manufacturers, technology companies, and EPC companies. Vertical integration is gaining prominence as a strategy that allows companies to control the whole value chain from renewable energy production to end-use. Technological innovation is one of the differentiators, and investments are made in R&D operations to improve efficiency in electrolyzers and reduce overall cost of production. Joint ventures and strategic partnerships are central to gaining access to key resources, newer technology, and new markets. Companies are also concentrating on building mega-scale factories to realize economies of scale and meet increasing world demand.

Some of the key companies operating in Green Ammonia Market include (but not limited to):

• Allied Green Ammonia
• ACME Group
• BASF
• CF Industries
• Engie
• Greenko
• Siemens Energy
• Synergen Green Energy
• Uniper
• Yara
• Others

Green Ammonia Industry Developments

• In February 2025, Uniper and Kyuden signed a Memorandum of Understanding (MoU) to explore joint initiatives in hydrogen and ammonia trading, renewable energy projects, and carbon capture, utilization, and storage (CCUS). This collaboration aims to leverage Uniper's robust low-carbon ammonia portfolio to unlock growth opportunities across Asia and Europe. Additionally, Uniper's expertise in flexible and dispatchable power generation will support Kyuden’s strategic expansion into European energy markets.
• In January 2025, Sungrow Hydrogen, a subsidiary of China’s Sungrow, entered into a contract to supply advanced water electrolysis systems for ACME Group’s 320 MW green ammonia facility in Oman. Scheduled for delivery by the end of 2025, the equipment will support the plant’s production of 300 metric tons of green ammonia daily, with operations expected to commence in 2026.
• In November 2024, ACME and BASF signed a Heads of Agreement to facilitate the supply of green ammonia to European markets. Additionally, both companies executed an MoU to explore further collaboration across the green ammonia value chain, reinforcing Europe’s decarbonization objectives.
• In October 2024, Saipem, in collaboration with Norwegian firm Nel ASA, introduced the IVHY 100—a modular and scalable 100 MW green hydrogen production solution. Designed to serve hard-to-abate industrial sectors, Nel will provide its proprietary alkaline and PEM electrolyzer technologies, while Saipem will oversee engineering, procurement, and construction (EPC) of the associated hydrogen infrastructure.
• In November 2024, Topsoe entered into an agreement with Hygenco to provide dynamic ammonia technology for an upcoming green ammonia facility in Gopalpur, Odisha, India. This collaboration aims to bolster India's green ammonia production capacity, aligning with the country's sustainability goals.
• In October 2024, First Ammonia partnered with Topsoe to develop 100 MW Solid Oxide Electrolyzer Cell (SOEC) modules for a green ammonia facility in Victoria, Texas. Production of these modules will begin in late 2024 at Topsoe’s manufacturing site in Herning, Denmark. The Texas plant, set to become operational in 2027, will generate up to 100,000 metric tons of green ammonia annually, potentially offsetting 180,000 to 240,000 metric tons of CO₂ emissions each year.
• In May 2024, Cepsa appointed Thyssenkrupp as the preferred supplier of a 300 MW electrolyzer for its upcoming green hydrogen plant in Spain. Announced at the World Hydrogen Summit in Rotterdam, the electrolyzer will be instrumental in advancing Cepsa’s clean hydrogen production strategy.
• In January 2024, ACME Group finalized an offtake term sheet with IHI Corporation to supply green ammonia from its Odisha, India project to the Japanese market. The facility is designed for a production capacity of 1.2 million metric tons per annum (MMTPA), with the first shipments expected by 2027.