Page 40 - Phelan Energy Green Ammonia Plant Egypt

Demand Outlook
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Demand for green ammonia is expected to grow exponentially to about 200 MN MT by 2050
• By the end of 2028, the European green ammonia market is expected to have the largest market share. Asia Pacific is expected to hold second largest market share
DEMAND DRIVERS
In the short term, till 2030, use of green ammonia as a power generation fuel in countries like Japan and South Korea is expected to drive the demand
Use of green ammonia as a marine fuel is expected to significantly drive the demand after 2040, and is expected to become the dominant use of green ammonia
Ambitious plans of several countries towards development of hydrogen-based economy is expected to gradually increase the demand for ammonia as a hydrogen carrier, particularly in Europe
Use of green ammonia for conventional uses, like fertilizers and industrial chemicals, is expected to experience moderate growth
Sources: Argus Consulting, https://www.futuremarketinsights.com
© Phelan Energy Group
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Source: www.topsoe.com
Share of green ammonia in total ammonia production will rise, gaining a significant pace after 2030
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