The global market for green ammonia is expected to experience substantial growth, increasing from $30.6 million in 2023 to $719.4 million by 2028. This growth signifies a remarkable compound annual growth rate (CAGR) of 88.0% during the period from 2023 to 2028.
The global green ammonia market is on an upward trajectory, driven by the urgent need to address climate change and transition to a sustainable energy future. As technology advances, costs decrease, and infrastructure grows, green ammonia will likely become an integral component of the global effort to reduce carbon emissions and build a greener, more sustainable world. This transition will not only reshape the energy industry, but also provide a cleaner and more promising future for generations to come.
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