The global  Green Ammonia market is forecast to reach USD 90.88 Billion by 2030, according to a new report by Reports and Data. Ammonia is a compound of hydrogen and nitrogen. It is a colorless gas with a pungent smell. It is used in the manufacture of several industrial chemicals. The product is used in the manufacture of urea, ammonium sulfate, and ammonium phosphates.

It is a crucial feedstock ingredient used to produce nitric acid, which is an important precursor for specialty organic chemicals. An increase in the focus on energy consumption systems is anticipated to increase the usage of products as a refrigerant to provide safe, sustainable, and energy-saving refrigeration. Ammonia has a zero Ozone Depletion Potential (ODP) and Global Warming Potential (GWP). The product has better transfer properties as compared to another chemical refrigerant.

North America is expected to grow significantly owing to the presence of over 15 leading global companies, and their 22 manufacturing facilities in the U.S. Almost 45% of the product is the country is consumed for the production of nitrogen fertilizers. The remaining is used for producing synthetic fiber resins, plastics, and several chemical compounds. As natural gas covers more than 50% of the nitrogen fertilizer production cost, the availability of low-priced natural gas in the country is anticipated to propel market demand in the region.

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Ammonia Market: Notable Innovation

As of my last knowledge update in September 2021, I can provide you with some notable innovations and trends in the Green Ammonia market up to that point. However, please note that the market and technology landscape may have evolved since then. Here are some innovations and trends in the ammonia market:

1. Green Ammonia Production: Green ammonia refers to ammonia produced using renewable energy sources, such as wind, solar, or hydroelectric power. This is a significant innovation aimed at reducing the carbon footprint of ammonia production. Electrolysis-based ammonia production, often referred to as "electrofuels," has gained traction as a green alternative.
2. Carbon Capture and Utilization (CCU): Some companies have been working on technologies that capture carbon dioxide emissions and use them as a feedstock in ammonia production. This not only reduces emissions but also provides a way to recycle carbon dioxide.
3. Ammonia as a Hydrogen Carrier: Ammonia can be used as a means to transport and store hydrogen. This is particularly valuable for applications where hydrogen gas is challenging to handle and store, and it can be converted back into hydrogen when needed.
4. Enhanced Efficiency and Safety: Innovations in ammonia production and handling technology have focused on increasing efficiency and safety. Advanced process control, automation, and safety measures have been developed to minimize the risk of leaks and accidents.
5. Sustainable Agriculture: In the agricultural sector, there is a growing emphasis on optimizing ammonia usage to reduce nitrogen losses and minimize environmental impacts. Innovations in precision agriculture and ammonia application methods are aimed at improving nutrient use efficiency.
6. Sustainable Shipping and Transportation: Ammonia is being explored as a potential fuel for shipping and long-haul transportation. Innovations in ammonia-powered engines and fuel cells have the potential to reduce greenhouse gas emissions in the transportation sector.
7. Green Ammonia Infrastructure: Investments in infrastructure for storing, transporting, and distributing green ammonia are critical for its widespread adoption. Innovation in building this infrastructure is essential to support the growth of green ammonia as an energy carrier.
8. Collaborative Research: Many governments, organizations, and companies have been collaborating on research and development efforts to advance the production, utilization, and safety of ammonia. These collaborations are fostering innovation in the industry.

Please keep in mind that the information provided is based on the state of the industry as of 2021, and there may have been significant developments and innovations in the ammonia market since then. For the most up-to-date information, it's advisable to consult recent sources, industry reports, and news related to the ammonia market.

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