Green Ammonia Market by Size, Share, Growth & Trends by 2032
According to a recent green ammonia market report by Future Market Insights (FMI), the green ammonia market is anticipated to advance at a phenomenal rate of 90% over the forecast period 2022-2032. At the regional level, the green ammonia market share has a small number of manufacturers. The study on green ammonia market finds that the solar and wind energy have advanced at a higher pace than other renewable energy, thanks to rising investment and reduced power generation costs. The switch to renewables, productivity, and automation, and per the Global Renewables Outlook 2020, will drive socioeconomic development. As a consequence, rising green ammonia production and underlying storage requirements will push the green ammonia market forward. The capital-intensive nature of green ammonia plants is a major hindrance to the market’s advancement. General ammonia manufacturers will not be able to move from traditional ammonia production to green ammonia production unless the cost of