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According to the report of the US drilling website on April 8, 2022, the green ammonia market report published by the world-renowned market research and consulting company Future Market Insights shows that in the next ten years, the global green ammonia market is expected to develop at an astonishing rate of 90%.
According to the Global Renewable Energy Outlook 2020 report, the transition to renewable energy, productivity and automation will drive socioeconomic development
The European Green Ammonia Market is expected to hold the largest global market share by the end of 2028, generating revenue of USD 558.
In terms of individual countries, the Netherlands is likely to have the largest market revenue by 2028 at USD 271.
The capital-intensive nature of green ammonia plants is a major impediment to market development
The marine economy industry is undergoing major changes
Based on technology, the green ammonia market can be segmented into alkaline water electrolysis, proton exchange membrane electrolysis, and solid oxide electrolysis
Based on the green ammonia market trends over the forecast period, the alkaline water electrolysis segment in the Netherlands is expected to grow at the highest growth rate of 57.
The main problem with adopting green ammonia is the lack of awareness among chemical manufacturers
The report said, “The secret to the twin focus of growth and environmental friendliness in the 21st century is green ammonia
