The global low-carbon ammonia market is projected to grow at a CAGR of 34.30% from 2024 to 2032, with an expected value of $28.6 billion by 2032.Ammonia is crucial for fertilizer production, supporting modern agriculture amid growing global populations and urbanization. However, traditional ammonia production contributes significantly to greenhouse gas emissions. With a focus on decarbonization, alternative low-carbon ammonia production methods have gained popularity and attracted substantial investments.
Ammonia production is traditionally carbon-intensive, using carbon or natural gas as feedstocks. With growing interest in low-carbon ammonia, solutions like blue ammonia (carbon abatement) and green ammonia (renewable feedstocks) are emerging. Collaboration between governments, industries, and research institutions is essential for driving the adoption of low-carbon ammonia in both existing and emerging application areas.
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