Green Ammonia Market Global Report 2026

The green ammonia market size has grown exponentially in recent years. It will grow from $0.59 billion in 2025 to $0.8 billion in 2026 at a compound annual growth rate (CAGR) of 36.1%. The growth during the historic period can be attributed to rising demand for lightweight materials in construction, increasing adoption in transportation and automotive applications, the need for corrosion-resistant infrastructure, growing awareness of maintenance cost reduction, and expansion of industrial applications.

The green ammonia market size is expected to see exponential growth in the next few years. It will grow to $2.73 billion in 2030 at a compound annual growth rate (CAGR) of 35.7%. The growth during the forecast period can be attributed to the expansion of renewable energy infrastructure, increasing use in bridges and transportation projects, rising demand in marine and offshore applications, adoption in industrial automation and smart factories, and expansion of customized composite solutions for niche applications. Key trends during the forecast period include lightweight structural solutions, corrosion-resistant components, high-strength composite applications, infrastructure modernization, and customized fabrication and design.

The growing adoption of renewable energy sources is expected to propel the growth of the green ammonia market going forward. Renewable energy sources include resources such as wind, solar, and hydro that naturally replenish and generate electricity with low or zero direct carbon emissions. The adoption of renewable energy sources is increasing as declining technology and deployment costs make clean electricity increasingly affordable for large energy consumers and utilities. Green ammonia supports the adoption of renewable energy sources by serving as a low-carbon energy carrier and storage medium that can help balance variable renewable power generation and enable industries to utilize clean electricity. For instance, in February 2025, according to Eurostat, a Luxembourg-based statistical office of the European Union (EU), renewable energy sources accounted for 45.3% of gross electricity consumption in the European Union in 2023, an increase of 4.1 percentage points from 2022. Therefore, the growing adoption of renewable energy sources is expected to drive the growth of the green ammonia market.

Major companies operating in the green ammonia market are focusing on innovations in electrolysis and ammonia synthesis technologies, including advanced energy storage and load flexibility solutions, to improve production efficiency, lower operational costs, and facilitate more effective integration of renewable energy sources into ammonia manufacturing. Innovative energy storage and load flexibility solutions enable green ammonia production facilities to operate efficiently despite variable renewable energy supplies by storing excess energy and adjusting production rates in real time. This helps maintain continuous production while improving system resilience. For instance, in July 2025, Envision Group, a China-based renewable energy and clean technology company, launched a Green Hydrogen And Ammonia Plant With Off-Grid Renewable System. The green hydrogen and ammonia plant with an off-grid renewable system is designed for large-scale green ammonia production, delivering approximately 320,000 tons annually to support industrial decarbonization. The facility operates entirely on renewable wind and solar energy without relying on the grid, improving energy independence and stability. It incorporates AI-enabled real-time optimization to balance fluctuations in renewable power with electrolyzer and ammonia synthesis operations. The facility also integrates energy storage and load flexibility, converting surplus green power into stored liquid nitrogen to improve efficiency.

In September 2024, Woodside Energy Group Ltd., an Australia-based energy company engaged in oil and gas production and emerging low-carbon fuel development, acquired OCI Clean Ammonia Holding B.V. for $2.35 billion. Through this acquisition, Woodside aims to expand its presence across the lower-carbon ammonia value chain and secure a scalable production asset that supports its transition toward future green and low-emission ammonia. OCI Clean Ammonia Holding B.V. is a Netherlands-based company offering green ammonia.

Major companies operating in the green ammonia market are ENGIE S.A., Iberdrola S.A., Mitsubishi Heavy Industries, Ltd., Yara International ASA, NEOM Green Hydrogen Company, Fertiglobe, BASF SE, TOPSOE A/S, Envision Energy, Fertiberia S.A., Talus Renewables, Casale SA, Avaada Group, ATOME PLC (ATOME Energy), Hygenco Green Energies Private Limited, Avina Clean Hydrogen, AM Green, FuelPositive Corporation, Fortescue Limited, ACME Group.

North America was the largest region in the green ammonia market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the green ammonia market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the green ammonia market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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