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1423469

全球藍氨市場 - 2023-2030

Global Blue Ammonia Market - 2023-2030

出版日期: 2024年02月09日 | 出版商:

DataM Intelligence | 英文 180 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

2022年，全球藍氨市場規模達23億美元，預計2030年將達到767億美元，2023-2030年預測期間CAGR為55.2%。

鋼鐵生產、工業電力供熱和重型道路運輸等重污染行業脫碳的持續努力將為全球藍氨市場提供新的成長途徑。藍氨是原油和煤炭等化石燃料的有用低碳替代品。

全球藍氨市場的長期成長潛力因商業獲利能力相關的挑戰而受到阻礙。由於擔心成本上升和無法實現收支平衡，世界各地的一系列重大項目已被取消。解決獲利能力將是維護全球市場長期成長的關鍵挑戰。

動力學

越來越多的人轉向氫經濟

近年來，脫碳已成為全球能源產業的一大趨勢。然而，儘管短期內不可能完全淘汰化石燃料，但各國政府和能源公司正在逐步開發和成熟替代能源。受到越來越多關注的此類來源之一是氫氣。

各國政府已經推出激勵措施來發展和擴大新興的氫經濟。例如，在 2023 年聯盟預算中，印度政府撥款 1,974 億盧比（16.4 億美元）用於發展國家氫能任務。

逐步轉向氫經濟的資金和激勵措施的增加將為藍氨市場的成長提供重大推動力。它將激勵開發具有成本效益的氫氣生產技術，從而降低藍氨的生產成本並增加其在各個行業的採用。

對提高農業生產力的需求不斷成長

聯合國 (UN) 估計 2022 年全球人口約為 80 億，自 2010 年以來增加了近 10 億。全球人口的快速成長給滿足全球糧食需求的農業資源帶來了壓力。全球農業部門正面臨各種挑戰，包括極端天氣事件的增加和耕地的減少。

在全球範圍內，農民面臨各種資源限制，例如水資源短缺、肥料供應有限和環境問題。提高生產力使農民能夠用更少的資源獲得更多的產出。明智地使用化學肥料可以幫助農民大幅提高生產力。

藍氨能夠以具成本效益的規模大規模生產化肥，有助於緩解提高農業生產力的挑戰。因此，提高農業生產力將為全球藍氨市場提供新的成長機會。

藍氨生產成本高

儘管政府和能源公司越來越支持，藍氨在全面商業化方面仍然面臨重大挑戰。商業生產的高成本就是這樣的挑戰之一。天然氣是藍氨生產最重要的原料，天然氣價格的波動是整體成本考量的主要因素。

隨著更多新產能投產，從長遠來看，整體生產成本預計將下降，從而增加藍氨的採用。但短期內，藍氨市場因成本較高而陷入困境，無法與其他常規能源競爭。這將阻礙全球市場的短期成長前景。

The ongoing efforts to decarbonize heavily polluting industries such as iron and steel production, industrial power heating and heavy road transport will provide new growth avenues for the global blue ammonia market. Blue ammonia is a useful low-carbon alternative to fossil fuels such as crude oil and coal.

The long term growth potential for the global blue ammonia market is hobbled by challenges related to commercial profitability. A string of major projects across the world have been cancelled due to concerns over mounting costs and failure to break even. Solving profitability will be a key challenge in safeguarding the long term growth of the global market.

Dynamics

Increasing Moves Towards a Hydrogen Economy

Decarbonization has become a major trend among the global energy industry over the past few years. However, although it is impossible to completely phase out fossil fuels over the short term, governments and energy companies are gradually making moves towards developing and maturing alternative energy sources. One such source that has received increased attention is hydrogen.

Governments are already rolling out incentives to develop and expand a nascent hydrogen economy. For instance, in the union budget 2023, the Indian government has allocated an outlay of ₹ 197.4 billion (US$ 1.64 billion) for the development of the national hydrogen mission.

The increase in funding and incentives for a gradual move towards a hydrogen economy would provide a major boost to the growth of the blue ammonia market. It will incentivize the development of cost effective hydrogen production technologies, which in turn, will lower production costs for blue ammonia and increase its adoption across various industries.

Rising Demand for Improved Agricultural Productivity

The United Nations (UN) has estimated the global population at around 8.0 billion in 2o22, representing an increase of nearly 1 billion since 2010. A rapid growth in global population has put stress on agricultural resources to satisfy global food demands. The global agricultural sector is experiencing various challenges, including rise of extreme weather events and loss of arable land.

Globally, farmers face various resource constraints, such as water scarcity, limited availability of fertilizers and environmental concerns. Increasing productivity allows farmers to achieve more output with fewer resources. Judicious utilization of chemical fertilizers can help farmers to achieve a major increase in productivity.

Blue ammonia can enable the large-scale production of chemical fertilizer at cost-effective scale, thus contributing towards alleviating the challenge of raising agricultural productivity. The drive to raise agricultural productivity will thus offer new growth opportunities for the global blue ammonia market.

High Cost of Blue Ammonia Production

Despite growing endorsements from governments and energy companies, blue ammonia still faces significant challenges to full-scale commercialization. The high cost of commercial production is one such challenge. Natural gas is the most important feedstock material for blue ammonia production and the fluctuations in natural gas prices is a major factor in overall cost considerations.

As more new capacity comes online, the overall production costs are expected to go down over the long term, thus increasing adoption of blue ammonia. However, over the short term, blue ammonia market has been bested with relatively high costs and is unable to compete with other conventional forms of energy. It will hamper the short-term growth prospects of the global market.

Segment Analysis

The global blue ammonia market is segmented based on technology, application and region.

Steam Methane Reforming Still Remains the Most Popular Production Technology

Steam methane reforming remains the most popular technology for blue ammonia production, mainly due to its cost effectiveness and energy efficiency. The process yields a very high purity of hydrogen, making it suitable for use in fuel cells and industrial feedstock applications. Most of the modern, high-capacity blue ammonia production facilities utilize steam methane reforming as a production technology.

The other technologies, namely, gas partial oxidation and autothermal reforming are much more intricate and energy intensive. As such, these technologies are not cost-effective for large scale production and hence are typically not used in commercial blue hydrogen production facilities. The only major purpose of these technologies is for hydrogen and ammonia production for niche applications.

Geographical Penetration

With Numerous New Projects, North America Garners Top Position

North America is expected to have the highest share within the global blue ammonia market since it has the some of the largest projects currently under construction. Most of the major energy companies are based in U.S and the current focus on blue ammonia is part of a larger strategy to make North America, especially U.S., a major export hub for hydrogen and blue ammonia.

Several new blue ammonia production facilities are in various stages of construction. For instance, in January 2024, INPEX Corporation, a Japanese multinational company signed an agreement with LSB Industries, a U.S.-based chemicals manufacturer, to construct a blue ammonia production and export facility in U.S. Gulf Coast.

However, despite promising developments, the market still has a series of challenges. For instance, in August 2023, Nutrien, a major U.S.-based fertilizer manufacturer, shelved plans for a 1.2 million ton capacity blue ammonia production facility in U.S. due to escalating costs and growing concerns about its profitability.

COVID-19 Impact Analysis

A major challenge for the global blue ammonia market emerged during the initial phase of the COVID-19 pandemic was the crash in global crude oil prices. As aviation and road transportation activities fell drastically, the collapse in demand led to a major decrease in crude oil prices. The massive decrease in crude oil prices temporarily made blue ammonia uncompetitive. Furthermore, capital investment in expanding blue ammonia production capacity also decreased due to the economic uncertainty of the pandemic period.

The difficult market conditions also created many problems for energy companies looking to diversify into blue ammonia production. Tightening supplies of various precursor materials to pandemic induced supply chain disruptions delayed the operationalization of various completed blue ammonia production facilities. The overall situation has improved considerably in the post-pandemic period and the industry has witnessed a surge in new investments.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine war may have led to long-term irreversible changes to Europe's energy landscape. Although the war did cause major short-term volatility in global energy markets and led to the disruption of natural gas supplies due to severe economic sanctions on Russia, European nations have moved rapidly to phase out Russian energy imports. As such, an accelerated shift towards new energy sources has boosted the overall growth prospects of the blue ammonia market in Europe.

The most direct impact has been on the local blue ammonia markets in Russia. The economic sanctions on Russia have led to cessation of western parts and technology for local blue ammonia projects. In April 2022, Novatek, one of Russia's largest energy companies, cancelled its ongoing blue ammonia project citing a lack of access to technology and difficult market conditions. The Ukraine-Russia war is likely to boost the long-term growth prospects of the global blue ammonia market, especially in Europe.

By Technology

Steam Methane Reforming
Autothermal Reforming
Gas Partial Oxidation

By Application

Transportation
Power Generation
Industrial Feedstock
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In April 2023, Matexcel, Saudi Aramco, Saudi Arabia's state-owned oil and gas conglomerate flagged off its first shipment of blue ammonia to Japan. Aramco produced blue ammonia through feedstock produced by SABIC, the Saudi Arabian fertilizer manufacturer. The cargo was sold to Japan's Fuji Oil trading company.
In March 2023, Linde, a European multinational manufacturer of industrial gases announced the signing of a new agreement with OCI, a multinational distributor of hydrogen products, to supply hydrogen for OCI's new blue ammonia facility in Texas, U.S.
In March 2023, Mitsui and Co. Ltd, a Japanese multinational conglomerate operating across diversified sectors, announced a collaborative partnership with CF Industrial Holdings, Inc. to jointly develop a new blue ammonia production facility in U.S.

Competitive Landscape

The major global players in the market include Yara International ASA, Saudi Arabian Oil Co., OCI, CF Industries Holdings, Inc., QAFCO, ExxonMobil Corporation, Linde, Shell plc, Uniper SE and ADNOC Group.

Why Purchase the Report?

To visualize the global blue ammonia market segmentation based on technology, application, end-user and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of pouch tapes market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global blue ammonia market report would provide approximately 49 tables, 39 figures and 180 Pages.

Target Audience 2023

Energy Companies
Fertilizer Manufacturers
Industry Investors/Investment Bankers
Research Professionals

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Technology
3.2. Snippet by Application
3.3. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Increasing moves towards a hydrogen economy
  - 4.1.1.2. Rising demand for improved agricultural productivity
- 4.1.2. Restraints
  - 4.1.2.1. High cost of blue ammonia production
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Technology

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 7.1.2. Market Attractiveness Index, By Technology
7.2. Steam Methane Reforming*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Autothermal Reforming
7.4. Gas Partial Oxidation

8. By Application

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
8.2. Transportation*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Power Generation
8.4. Industrial Feedstock
8.5. Others

9. By Region

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.2.5.1. U.S.
  - 9.2.5.2. Canada
  - 9.2.5.3. Mexico
9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.3.5.1. Germany
  - 9.3.5.2. UK
  - 9.3.5.3. France
  - 9.3.5.4. Italy
  - 9.3.5.5. Spain
  - 9.3.5.6. Rest of Europe
9.4. South America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.4.5.1. Brazil
  - 9.4.5.2. Argentina
  - 9.4.5.3. Rest of South America
9.5. Asia-Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.5.5.1. China
  - 9.5.5.2. India
  - 9.5.5.3. Japan
  - 9.5.5.4. Australia
  - 9.5.5.5. Rest of Asia-Pacific
9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

10. Competitive Landscape

10.1. Competitive Scenario
10.2. Market Positioning/Share Analysis
10.3. Mergers and Acquisitions Analysis

11. Company Profiles

11.1. Yara International ASA*
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
11.2. Saudi Arabian Oil Co.
11.3. OCI
11.4. CF Industries Holdings, Inc.
11.5. QAFCO
11.6. ExxonMobil Corporation
11.7. Linde
11.8. Shell plc
11.9. Uniper SE
11.10. ADNOC Group

LIST NOT EXHAUSTIVE