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U.K. Ammonia Crackers Market - Analysis and Forecast, 2023-2032

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    Report

  • 47 Pages
  • December 2023
  • Region: United Kingdom
  • BIS Research
  • ID: 5914445
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The U.K. ammonia crackers market is projected to reach $19.34 million by 2032 from $2.77 million in 2022, growing at a CAGR of 23.9% during the forecast period 2023-2032. With the growing use of sustainable energy technologies and the need for nitrogen gas in numerous industries, the UK ammonia crackers market is anticipated to rise steadily in the upcoming years.

Market Introduction

Ammonia cracking is widely utilized in the making of semiconductors and hydrogen gas for fuel cells, among other electronic components. Nitrogen gas is produced using ammonia crackers and used in a variety of industries, including food and beverage packaging and preservation.

A growing number of sustainable energy sources, including hydrogen fuel cells, and a growing need for nitrogen gas across a range of industries are projected to drive an increase in the UK's need for ammonia crackers in the upcoming years. Furthermore, the UK government's emphasis on lowering greenhouse gas emissions and supporting sustainable energy technology is probably going to increase the country's need for ammonia crackers.

Important companies including Linde AG, Air Products and Chemicals, Inc., and Praxair Technology, Inc. are among the leading competitors in the UK ammonia crackers market. These businesses are actively engaged in R&D to create new products and increase ammonia crackers' effectiveness.

The market for ammonia crackers in the UK is anticipated to increase steadily over the next several years due to the growing use of sustainable energy technologies and the need for nitrogen gas in a variety of industries.

Market Segmentation:

Segmentation 1: by End User

  • Heat Treatment
  • Metal Industry
  • Oil and Gas
  • Power Generation
  • Mobility
  • Others

Segmentation 2: by Cracker Type

  • Centralized
  • Decentralized

Segmentation 3: by Capacity

  • Small Scale (< 250 Nm3/hr)
  • Medium Scale (250-1,000 Nm3/hr)
  • Large Scale (>1,000 Nm3/hr)

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different cracker types and capacities involved in the ammonia crackers market. The cracker type segment has been segmented into centralized and decentralized. The capacity segment has been segmented into small scale (< 250 Nm3/hr), medium scale (250-1,000 Nm3/hr) and large scale (>1,000 Nm3/hr). Moreover, the study provides the reader with a detailed understanding of the ammonia crackers market based on end user, including heat treatment, metal industry, oil and gas, power generation, mobility, and others. The increasing adoption of ammonia crackers in power generation and mobility sectors is expected to fuel market growth in the future.

Growth/Marketing Strategy: The U.K. ammonia crackers market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been business partnerships to strengthen their position in the ammonia crackers market.

Competitive Strategy: Key players in the U.K. ammonia crackers market analyzed and profiled in the study involve ammonia cracker producers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the ammonia crackers market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.


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Table of Contents

1 Market
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Ongoing Research for Scaling Up of Cracking Technologies
1.1.1.2 Transition towards Low-Carbon Hydrogen, Aiding the Growth of Ammonia Crackers
1.1.2 Supply Chain Analysis
1.1.3 Ecosystem of Ammonia Crackers Market
1.1.3.1 Regulatory/Certification Bodies
1.1.4 Impact of COVID-19 on the Ammonia Crackers Market
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Awareness Regarding Green Hydrogen
1.2.1.2 Increased Adoption of Ammonia Crackers in End-User Industries
1.2.1.3 Need for Effective Hydrogen Carrier
1.2.2 Business Challenges
1.2.2.1 Toxicity of Liquid Ammonia and Trace Amounts of Ammonia in Hydrogen after Decomposition
1.2.2.2 High Cost of Green Hydrogen Production and Requirement of Significant Amount of Energy in Cracking
1.2.3 Business Strategies
1.2.3.1 Product and Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions, Partnerships, and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Government Initiatives for Net-Zero Emission
1.2.5.2 Increasing Adoption of Green Hydrogen into Mobility Sector
1.3 Start-Up Landscape
1.3.1 Key Start-Ups in the Ecosystem
2 U.K.
2.1 U.K.
2.1.1 Market
2.1.1.1 Key Producers and Suppliers in the U.K.
2.1.1.2 Business Drivers
2.1.1.3 Business Challenges
2.1.2 Application
2.1.2.1 U.K. Ammonia Crackers Market (by End User), Volume and Value Data
2.1.3 Product
2.1.3.1 U.K. Ammonia Crackers Market (by Cracker Type), Volume and Value Data
2.1.3.2 U.K. Ammonia Crackers Market (by Capacity), Volume and Value Data
3 Market - Competitive Benchmarking and Company Profiles
3.1 Competitive Benchmarking
3.1.1 Competitive Position Matrix
3.1.2 Product Matrix of Key Companies (by Capacity)
3.1.3 Market Share Analysis of Key Companies, 2022
4 Research Methodology
4.1 Primary Data Sources
4.2 Data Sources
4.3 Assumptions and Limitations
List of Figures
Figure 1: Ammonia Crackers Market, $Million, 2022, 2023, and 2032
Figure 2: Ammonia Crackers Market (by End User), $Million, 2022 and 2032
Figure 3: Ammonia Crackers Market (by Cracker Type), $Million, 2022 and 2032
Figure 4: Ammonia Crackers Market (by Capacity), $Million, 2022 and 2032
Figure 5: Ammonia Crackers Market (by Region), $Million, 2022 and 2032
Figure 6: Supply Chain Analysis of the Ammonia Crackers Market
Figure 7: Flow Chart of Ammonia Crackers (by Cracker Type)
Figure 8: Global Automotive Production Units, 2019-2021
Figure 9: Research Methodology
Figure 10: Top-Down and Bottom-Up Approach
Figure 11: Ammonia Crackers Market: Influencing Factors
Figure 12: Assumptions and Limitations
List of Tables
Table 1: Regulatory/Certification Bodies
Table 2: Key Product and Market Developments
Table 3: Key Mergers and Acquisitions, Partnerships, and Joint Ventures
Table 4: Ammonia Crackers Market (by Region), Kilotons, 2022-2032
Table 5: Ammonia Crackers Market (by Region), $Million, 2022-2032
Table 6: U.K. Ammonia Crackers Market (by End User), Kilotons, 2022-2032
Table 7: U.K. Ammonia Crackers Market (by End User), $Million, 2022-2032
Table 8: U.K. Ammonia Crackers Market (by Cracker Type), Kilotons, 2022-2032
Table 9: U.K. Ammonia Crackers Market (by Cracker Type), $Million, 2022-2032
Table 10: U.K. Ammonia Crackers Market (by Capacity), Kilotons, 2022-2032
Table 11: U.K. Ammonia Crackers Market (by Capacity), $Million, 2022-2032
Table 12: Product Matrix of Key Companies (by Capacity)
Table 13: Market Shares of Key Companies, 2022

Executive Summary

The U.K. ammonia crackers market is estimated to reach $19.34 million by 2032, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 23.9% during the forecast period 2023-2032.

The U.K. is determined to be a green economy, and therefore, it promotes the growth of both mobility and green hydrogen. The focus on promoting sustainability while remaining competitive in the global market is expected to propel the growth in demand for green hydrogen, and thereby, for ammonia crackers in the country.

USPs of report

  • Analysis of business drivers and challenges of the U.K. Ammonia Crackers Market

Market segregation based on cracker type, capacity, and end user

Key Questions Answered in the Report

  • What are the major market drivers, challenges, and opportunities in the U.K. ammonia crackers market?
  • How does the supply chain function in the ammonia crackers market?

Table Information