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Luxury Lingerie Market Size, Share, Trends, Growth, and Industry Analysis, By Product Type (Bras, Panties, Shapewear, Lingerie Sets, Sleepwear & Robes, Hosiery & Stockings), By Distribution Channel (Online Retail, Offline Retail), By Material Type (Silk, Lace, Cotton, Satin, Velvet), By End-User (Women, Men), By Price Range (High-End, Premium), Regional Analysis and Forecast 2033.

Consumer Goods & Services January 2025 Report ID: EMR001244 Pages: 258

The market for green ammonia, which had a value of USD 34 million in 2021, is anticipated to increase at a compound annual growth rate (CAGR) of 70.75% from 2022 to 2030, reaching USD 4865 million.

The green ammonia industry is still in the development stages. As government regulations and public awareness about carbon dioxide emissions and the maintenance of the atmosphere's health rise, it appears that more research and development efforts are being directed toward the production of green ammonia.

Green ammonia can also have a significant impact by reducing the world's reliance on fossil fuels and assisting in the reduction of greenhouse gas emissions. By electrolyzing water to produce hydrogen, which is powered by renewable sources including solar, wind, and hydroelectric power, green ammonia is produced. Green ammonium is useful in many fields, including agriculture, energy storage, and the ocean.

Additionally, the expanding need for green ammonia in a variety of end-use industries, including fertilizer, power production, transportation, and others, is anticipated to fuel market expansion. In addition, rising demand for green ammonia in industrial feedstock goods, such as pharmaceutical goods, is anticipated to fuel market expansion.

Green Ammonia Market Report

Category Details
Market Size (2021) USD 34 million
CAGR (2022-2030) 70.75%
Projected Market Size (2030) USD 4865 million
Market Growth Factors Rising demand for clean energy, reduction in greenhouse gases, government regulations
Market Restraints COVID-19 impact, supply chain disruptions, labor shortages
Market Opportunities Development of ammonia-based gas turbines, increased industrial applications
Largest Market Region (2021) Europe
Fastest Growing Market United States
Key Players BASF SE, CF Industries Holdings, Dyno Nobel, Electrochaea, Enaex Energy, Enapter, ACME Group
Technology Used Alkaline Water Electrolysis, Proton Exchange Membrane, Solid Oxide Electrolysis
Sales Channel Direct Sale, Indirect Sale
End Users Transportation, Power Generation, Industrial Feedstock
Recent Developments
  • Nov 2021 - Green Energy & Haldor Topsoe partnership in Iceland
  • Aug 2021 - Yara & Aker Fresh Hydrogen formed HEGRA
  • Mar 2021 - ACME Company signed contract in Oman
  • Feb 2021 - Copenhagen planned Europe's largest ammonia plant
Market Growth

In the upcoming years, demand is anticipated to increase due to the rising popularity of green ammonia and increased awareness of the importance of creating clean energy and lowering carbon footprints. Further predicted growth in the market is the rising demand for the product as marine fuel and shipping in the transportation sector due to its better air quality and lack of carbon and sulfur traces. Nitrogen from the air is combined with hydrogen from water to create green ammonia. It is an efficient source of heat and electricity, especially for sea transportation, and it can be utilized in fuel cells, gas turbines, internal combustion engines, generators, and industrial burners.

Market Restraints

All industries, including green ammonia, have been negatively impacted by the COVID-19 epidemic. To stop the disease from spreading, the governments of many nations have implemented statewide lockdowns. This has resulted in limitations on both the movement of people and products. As a result, some businesses were forced to postpone or abandon the building of green ammonia manufacturing facilities due to a lack of laborers and raw materials. The market for green ammonia has suffered as a result of delays in the development of manufacturing plants.

Market Opportunities

Mitsubishi is developing a gas turbine that can only run on green ammonia. The gas turbine uses trace amounts of ammonia, hydrogen, and nitrogen that are produced as a result of thermally breaking the green ammonia. The market for green ammonia is predicted to increase significantly as a result of the increasing applications of green ammonia over currently used applications of conventional ammonia.

Regional Analysis

In terms of volume, the European market is anticipated to be the largest in 2021. Due to an increase in hydrogen fuel technologies and government attempts to install hydrogen fuel in residential and commercial markets, the state's green ammonia industry is predicted to experience growth. The United States is expected to be one of the international markets with the fastest rate of growth for the production and use of green ammonia during the forecast timeline. The country's share of the worldwide green ammonia market by 2032 is likely to be sizable. The substantial presence of significant green ammonia industrial businesses and intriguing technology sources, the enforcement of tight rules, and the growing use of environmental fertilizers are all having an impact on the U.S. green ammonia industry.

Competitive Landscape
  • BASF SE (Germany)
  • CF Industries Holdings, Inc.
  • Dyno Nobel
  • Electrochaea (Germany)
  • Enaex Energy
  • Enapter (Italy)
  • Eneus Energy Limited
  • ACME Group
By Technology
  • Alkaline Water Electrolysis
  • Proton Exchange Membrane
  • Solid Oxide Electrolysis
By Sales Channel
  • Direct Sale
  • Indirect Sale
By End User
  • Transportation
  • Power Generation
  • Industrial Feedstock
  • Others
Recent Developments
  • In November 2021, Green Energy and Haldor Topsoe announced a partnership for environmentally friendly ammonia production in Iceland.
  • In August 2021, Yara Worldwide, Aker Fresh Hydrogen, and others formed HEGRA to develop green ammonia.
  • In March 2021, India's ACME Company signed a contract with Tatweer of Oman for a green ammonia facility.
  • In February 2021, Copenhagen Organization Associates planned Europe's largest ammonia manufacturing facility.
Category Details
By Product Type Bras, Panties, Shapewear, Lingerie Sets, Sleepwear & Robes, Hosiery & Stockings
By Distribution Channel Online Retail, Offline Retail
By Material Type Silk, Lace, Cotton, Satin, Velvet
By End-User Women, Men

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