Market overview
The global green ammonia market is worth USD 585 mn in 2026 and is forecast to reach USD 6.4 bn by 2036, growing at a 27.0% CAGR. China is the largest country market and Fertilizers is the largest by application segment.
| Scope | Ammonia produced from water electrolysis powered by renewable electricity, sold as fertilizer feedstock, shipping fuel, power-sector fuel and hydrogen carrier. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 450 mn |
| Value 2026 | USD 585 mn |
| Value 2036 | USD 6.4 bn |
| CAGR 2026-2036 | 27.0% |
| Volume 2026 | 663,265 tonnes |
| Volume 2036 | 8,860,612 tonnes |
| Average price 2026 | USD 882 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Green Ammonia market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 585 mn |
| 2027 | USD 743 mn |
| 2028 | USD 944 mn |
| 2029 | USD 1.2 bn |
| 2030 | USD 1.5 bn |
| 2031 | USD 1.9 bn |
| 2032 | USD 2.5 bn |
| 2033 | USD 3.1 bn |
| 2034 | USD 4.0 bn |
| 2035 | USD 5.0 bn |
| 2036 | USD 6.4 bn |
Green Ammonia market segmentation
By application
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Fertilizers | 42.0% | 29.6% | USD 246 mn | 22.6% |
| Marine fuel | 20.0% | 30.6% | USD 117 mn | 32.5% |
| Power generation | 12.0% | 15.8% | USD 70 mn | 30.5% |
| Hydrogen carrier and export | 16.0% | 18.1% | USD 94 mn | 28.6% |
| Industrial chemicals | 10.0% | 6.0% | USD 58 mn | 20.6% |
By technology
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Alkaline electrolysis | 58.0% | 46.5% | USD 339 mn | 24.2% |
| PEM electrolysis | 30.0% | 35.6% | USD 176 mn | 29.2% |
| Solid oxide and other | 12.0% | 17.9% | USD 70 mn | 32.2% |
By plant scale
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Below 100 ktpa | 18.0% | 10.0% | USD 105 mn | 19.8% |
| 100 to 500 ktpa | 46.0% | 42.0% | USD 269 mn | 25.9% |
| Above 500 ktpa | 36.0% | 48.0% | USD 211 mn | 30.7% |
By renewable power source
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Wind | 38.0% | 36.0% | USD 222 mn | 26.3% |
| Solar | 34.0% | 36.0% | USD 199 mn | 27.7% |
| Hybrid wind and solar | 20.0% | 22.0% | USD 117 mn | 28.2% |
| Hydro and geothermal | 8.0% | 6.0% | USD 47 mn | 23.4% |
By project model
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Merchant export | 44.0% | 46.0% | USD 257 mn | 27.6% |
| Captive industrial | 36.0% | 32.0% | USD 211 mn | 25.5% |
| Distributed small-scale | 20.0% | 22.0% | USD 117 mn | 28.2% |
Top 25 countries for green ammonia by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 78.0% of 2026 revenue and the 25 countries below together hold 93.6%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 105 mn | 18.0% | USD 1.3 bn | 28.9% |
| 2 | India | USD 70 mn | 12.0% | USD 951 mn | 29.8% |
| 3 | Japan | USD 58 mn | 10.0% | USD 683 mn | 27.9% |
| 4 | South Korea | USD 47 mn | 8.0% | USD 549 mn | 27.9% |
| 5 | Germany | USD 47 mn | 8.0% | USD 402 mn | 24.0% |
| 6 | Netherlands | USD 35 mn | 6.0% | USD 300 mn | 23.9% |
| 7 | Saudi Arabia | USD 29 mn | 5.0% | USD 294 mn | 25.9% |
| 8 | Australia | USD 23 mn | 4.0% | USD 275 mn | 27.9% |
| 9 | United States | USD 23 mn | 4.0% | USD 217 mn | 24.9% |
| 10 | Egypt | USD 18 mn | 3.0% | USD 204 mn | 27.8% |
| 11 | Oman | USD 14 mn | 2.4% | USD 144 mn | 26.4% |
| 12 | Chile | USD 9.9 mn | 1.7% | USD 97 mn | 25.7% |
| 13 | Morocco | USD 8.1 mn | 1.4% | USD 85 mn | 26.4% |
| 14 | Spain | USD 7.1 mn | 1.2% | USD 61 mn | 24.1% |
| 15 | United Arab Emirates | USD 6.4 mn | 1.1% | USD 64 mn | 25.9% |
| 16 | Denmark | USD 5.8 mn | 1.0% | USD 50 mn | 24.0% |
| 17 | Norway | USD 5.4 mn | 0.9% | USD 48 mn | 24.3% |
| 18 | Brazil | USD 5.1 mn | 0.9% | USD 46 mn | 24.6% |
| 19 | Argentina | USD 4.8 mn | 0.8% | USD 46 mn | 25.4% |
| 20 | Canada | USD 4.6 mn | 0.8% | USD 40 mn | 24.1% |
| 21 | Belgium | USD 4.4 mn | 0.8% | USD 36 mn | 23.6% |
| 22 | Uruguay | USD 4.2 mn | 0.7% | USD 38 mn | 24.5% |
| 23 | Kazakhstan | USD 4.0 mn | 0.7% | USD 40 mn | 25.6% |
| 24 | Poland | USD 3.9 mn | 0.7% | USD 37 mn | 25.2% |
| 25 | Portugal | USD 3.7 mn | 0.6% | USD 32 mn | 23.9% |
| Rest of world | USD 37 mn | 6.4% | USD 318 mn | 23.9% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Yara
- CF Industries
- ACWA Power
- Air Products
- Fertiglobe
- Envision Energy
- NEOM Green Hydrogen Company
Group 2: Regional and specialist players
- ACME Group
- Fortescue
- Iberdrola
- ReNew
Group 3: Emerging and niche players
- Hy2gen
- Atome
- Nitricity
- Talus Renewables
- Ammpower
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the green ammonia market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 27.0% is calculated from the resulting values.
The market is divided by application, by technology, by plant scale, by renewable power source, by project model. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the green ammonia market?
The global green ammonia market is estimated at USD 450 mn in 2025 and USD 585 mn in 2026.
How fast will the green ammonia market grow?
It is forecast to reach USD 6.4 bn by 2036, a compound annual growth rate of 27.0% from 2026, an increase of USD 5.8 bn.
Which country is the largest market for green ammonia?
China is the largest market by revenue at USD 105 mn in 2026, 18.0% of the global total. The three largest countries together hold 40.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 29.8% a year from 2026 to 2036.
Which green ammonia segment is largest?
In the by application split, Fertilizers is the largest segment with 42.0% of 2026 revenue.
Who are the leading green ammonia companies?
Global leaders include Yara, CF Industries, ACWA Power, Air Products.
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