India Green Ammonia

India Green Ammonia

Green ammonia is a green way to make ammonia, a pungent gas used in agricultural fertilizers. It is 100% renewable and carbon-free. One of the most common methods of green ammonia production is using green hydrogen from water electrolysis.

The India Green Ammonia Market is expected to grow at an astounding rate of around 101.5% owing to promoting awareness regarding global warming and fostering an understanding of renewable energy to increase appreciation. Elevating attention to global warming and promoting an understanding of renewable energy are vital drivers of the India Green Ammonia Market. The growing popularity of the unfavorable effect of fossil fuels on the environment has brought about a surge in demand for clean and sustainable alternatives, consisting of green ammonia; moreover, by fostering a deeper comprehension of the advantages of renewable energy sources, individuals, companies, and governments to include green ammonia as a critical component of their efforts to combat climate change. India’s green ammonia market is currently in the nascent stages of development. In addition, there are no demand-side mandates to support its uptake. Catalyzing the development of the green ammonia market can help accelerate India’s decarbonization and enable it to achieve its energy independence goals. Therefore, demand for green ammonia would initially be driven by supportive government policies and technological adoption. In August 2021, India announced the National Hydrogen Mission, a key pillar of its government’s plan for India to achieve energy independence within 25 years. India spends US $164 billion annually to meet its energy requirements, with the vast majority of that figure spent on oil, gas, and coal imports. Further, India is taking steps towards achieving its goal of net-zero carbon emissions by 2070 by emphasizing Green Hydrogen as a potential solution. The country recently announced its Green Hydrogen Policy, which is expected to boost the sector significantly.

• Based on technology, the market is divided into alkaline water electrolysis, proton exchange membrane, and solid oxide electrolysis. Among these, the alkaline water electrolysis dominated the green ammonia and is expected to show the same trend in the forecast period. Alkaline water electrolysis is one of the most common types of technologies used to split water into the gases hydrogen and oxygen which uses a potassium hydroxide (KOH) solution and a nickel cathode and has been the most widely adopted method for producing green ammonia due to its simplicity, maturity, and cost-effectiveness. The considerable supply of KOH and the established supplier network for this chemical decreased production prices and improved scalability. While other electrolysis techniques, which include proton exchange membrane (PEM) and solid oxide electrolysis (SOE), show promise, they face challenges regarding higher operating temperatures, corrosion resistance, and scaling troubles, which preclude their massive adoption.
• Based on end-users, the market is segmented into industrial feedstock, power generation, transportation, etc. Among these, the industrial feedstock segment has dominated the market in 2022 and is expected to dominate during the forecast period. Industrial feedstock, typically derived from natural gas, provides a well-set supply chain and infrastructure, making it less complicated to scale up production and meet the high needs of various industries. Moreover, the central role of ammonia is as the primary feedstock for inorganic fertilizers that currently support food production for around half of the world’s population. Around 70% of ammonia is used to make fertilizers, with the remainder used for a wide range of industrial applications, such as plastics, explosives, and synthetic fibers. Secondly, the price of manufacturing green ammonia from industrial feedstock is typically less compared to different renewable sources, including biomass or solar power, making it more economically feasible for mass production.
• To better understand the market adoption of the bonded magnets industry, the market is analyzed based on its regional presence in India. India would acquire one of the most significant green ammonia market shares in the APAC region by 2032 on account of the growing awareness regarding the adoption of environment-friendly alternatives, the growing application of green ammonia in various sectors, and several favorable government initiatives driving the India Green Ammonia Market in the forecast period. With the growing literacy rate all over the world, there is an increasing understanding among consumers and industries about the need for environmentally friendly options, which has led to a surge in demand for green ammonia being produced from renewable power sources, which include wind, sun, or hydroelectric electricity, making it a cleaner alternative to traditional ammonia production methods. Moreover, green ammonia is geared up across numerous industrial sectors, which include fertilizers, pharmaceuticals, agriculture, and energy storage. For example, green ammonia is used as a clean energy carrier, allowing for the transportation of renewable energy over long distances without losing performance and efficiency. However, it can be utilized as a versatile intermediate in chemical reactions, allowing the production of various products, including plastics, dyes, and pharmaceuticals. These packages contribute drastically toward reducing carbon emissions and promoting sustainability.
• Some of the major players operating in the market include Siemens, Thyssenkrupp, Nel Hydrogen, Green Hydrogen Systems, MAN Energy Solutions, Uniper, BASF, Enapter, ENGIE, Hiringa Energy, BASF, Enaex SA, and JGC Holding Corporation.