Green Ammonia Market 2030: Innovations Driving Sustainable Energy Solutions
Green Ammonia Market Growth & Trends The global green ammonia market size is expected to reach USD 73.05 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 116.5% from 2023 to 2030. The growth is majorly driven by the rising consciousness among consumers regarding sustainable products, which has led to a preference for them. Another contributing factor is the increasing awareness of the need to produce clean energy and decrease carbon emissions, leading to a surge in demand for such products. As a result, the market has established itself, with a growing demand from diverse industries such as power generation, refrigeration, transportation, fertilizer, and others. In the transportation sector, particularly maritime shipping, the product has been gaining traction. The International Maritime Organization (IMO) reports that this industry alone is responsible for emitting 3% of carbon emissions each year. This ...