Ammonia market to triple by 2050 with nearly all growth coming from low-carbon supply

Global ammonia trade expected to increase ten-fold as demand for low-carbon ammonia used for shipping fuel and power generation transforms market new york , july 11, 2023 /prnewswire/ -- the global market for ammonia is poised to triple in the coming decades with nearly all of the growth coming from low-carbon ammonia, a new analysis by s&p global commodity insights says. driven by improved economics resulting from decarbonization policies, low-carbon ammonia is expected to grow from its current nascent state to 420 million tons—two thirds of the total market—by 2050.
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