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    Mexico Green Ammonia Market

    ID: MRFR/CnM/46470-HCR
    111 Pages
    Chitranshi Jaiswal
    September 2025

    Mexico Green Ammonia Market Research Report: By Technology (lkaline Water Electrolysis, Proton Exchange Membrane Electrolysis, Solid Oxide Electrolysis) andBy Application (Power Generation, Transportation, Industrial Feedstocks)- Forecast to 2035

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    Mexico Green Ammonia Market Summary

    The Mexico Green Ammonia market is poised for substantial growth, projected to reach 1842 USD Million by 2035.

    Key Market Trends & Highlights

    Mexico Green Ammonia Key Trends and Highlights

    • The market valuation is expected to grow from 39.2 USD Million in 2024 to 1842 USD Million by 2035.
    • The compound annual growth rate (CAGR) for the Mexico Green Ammonia market is estimated at 41.89% from 2025 to 2035.
    • This rapid growth indicates a strong demand for sustainable energy solutions within the region.
    • Growing adoption of green ammonia technology due to increasing environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 39.2 (USD Million)
    2035 Market Size 1842 (USD Million)
    CAGR (2025-2035) 41.89%

    Major Players

    Thyssenkrupp, Air Products and Chemicals, Acciona, Siemens Energy, Yara International, ENGIE, Nouryon, Plug Power, Fertilizer Limited, Oxy Low Carbon Ventures, Iberdrola, Haldor Topsoe, Black and Veatch, BASF, Orsted

    Mexico Green Ammonia Market Trends

    Growth prospects in the Mexican market need public-private sector alliances to improve green ammonia manufacturing and distribution infrastructure.Government backing of green energy initiatives, as shown by different incentives and legal frameworks, motivates investment in technology linked to hydrogen generation and electrolyzers. Furthermore, the possibility for green ammonia to be a clean energy carrier and a key ingredient in many sectors, including agriculture and transportation, underlines its relevance even more. Recent trends indicate an increase in research and development spending, especially in creative ways of producing green ammonia, which might improve efficiency and save prices.

    Growing knowledge among companies and consumers about the advantages of green ammonia is also helping to create competition.In line with the worldwide move toward cleaner energy options, businesses are concentrating on incorporating sustainability into their operations. Overall, the movement in the Mexico Green Ammonia Market indicates a particular mix of government backing, technical innovation, and growing demand for sustainable goods, qualifying the nation as a possible leader in the green energy industry.

    Market Segment Insights

    Green Ammonia Market Technology Insights

    The Technology segment within the Mexico Green Ammonia Market is pivotal for driving advancements in the production of green ammonia, each with significant role in the overall thermal environment. A variety of technologies, including Alkaline Water Electrolysis, Proton Exchange Membrane Electrolysis, and Solid Oxide Electrolysis, play crucial roles in this rapidly evolving sector. Alkaline Water Electrolysis is often favored for its long operational life and cost advantages.

    Its simplicity and well-established technology make it an appealing choice for manufacturers seeking efficient hydrogen production methods.Meanwhile, Proton Exchange Membrane Electrolysis is gaining traction due to its compact design and higher efficiency at lower temperatures, making it well-suited for applications requiring quick response times and variable loads. This segment is particularly attractive to industries focused on integrating renewable energy sources due to its flexibility and potential for scalability. Lastly, Solid Oxide Electrolysis, while still in its developmental stages, promises substantial prospects.

    Its capacity to operate at high temperatures makes it an excellent candidate for coupling with renewable energies, thus allowing for greater overall efficiency in hydrogen production and utilization.Each of these technologies collectively enhances the Mexico Green Ammonia Market's ability to meet growing demand while addressing sustainability challenges in energy production. The diversification within the Technology segment not only underpins the current advancements in green ammonia production but also positions the industry for future growth as energy and environmental policies evolve.

    Increased investments in Research and Development across these technological avenues paint a hopeful landscape for the Mexico Green Ammonia Market, encouraging innovation while aligning with national and international targets for carbon neutrality.Given Mexico’s vast renewable energy potential, stakeholders are recognizing the importance of this segment in aligning sustainable practices with economic growth, broadening opportunities for local and international collaboration in the green energy landscape.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Green Ammonia Market Application Insights

    The Mexico Green Ammonia Market is experiencing significant advancements, particularly within its Application segmentation. This market is increasingly driven by the demand for sustainable energy solutions and the government's commitment to reducing carbon emissions. Power Generation is a crucial area, as green ammonia is being explored as a carbon-free fuel source, capable of powering turbines or being used in fuel cells.

    The Transportation segment is also gaining traction, with potential applications in hydrogen fuel cells for vehicles, presenting an opportunity to decarbonize the transport sector significantly.Additionally, Industrial Feedstocks play a vital role, as green ammonia serves as a sustainable alternative for fertilizers and other chemicals, promoting eco-friendly agricultural practices in Mexico. These key areas collectively illustrate the pivotal role of green ammonia in transitioning Mexico towards a more sustainable and low-carbon economy.

    As the industry grows, there are both challenges and opportunities; however, the commitment to innovation and sustainable practices positions Mexico as a promising player in the global green ammonia landscape.

    Get more detailed insights about Mexico Green Ammonia Market Research Report- Forecast to 2035

    Key Players and Competitive Insights

    The Mexico Green Ammonia Market is witnessing significant transformation as companies pivot towards sustainable practices and capitalize on the increasing demand for green hydrogen and ammonia in various sectors. This growing market is fueled by the nation’s commitment to reduce carbon emissions and reliance on fossil fuels. The competitive landscape is characterized by several key players focused on developing innovative processes and technologies aimed at producing ammonia in an environmentally friendly manner. Stakeholders are leveraging advancements in renewable energy, aiming to align their operations with Mexico's broader sustainability goals, and taking advantage of government incentives for green technology initiatives.

    With the increasing focus on decarbonization, numerous entrants are vying for market share, intensifying competition, and fostering partnerships for collaborative growth.Thyssenkrupp has established a strong presence in the Mexico Green Ammonia Market, bolstered by their advanced technology and commitment to sustainable production. Known for their cutting-edge electrolysis technology, Thyssenkrupp plays a pivotal role in developing efficient solutions that facilitate the production of green hydrogen, a crucial feedstock for green ammonia. Their proven experience in manufacturing and engineering provides them with a competitive edge, allowing them to capitalize on Mexico’s favorable conditions for renewable energy generation.

    The company’s strong focus on innovation, coupled with robust engineering capabilities, positions Thyssenkrupp as a key player in supporting Mexico’s transition to green ammonia, thus enhancing their relevance and market standing within the region.Air Products and Chemicals is also a formidable player in the Mexico Green Ammonia Market, where its expertise in hydrogen production and energy solutions come to the forefront. The company is actively involved in providing innovative technologies and services tailored to the production of green ammonia, catering specifically to the needs of the Mexican market.

    Air Products and Chemicals has strategically positioned itself through numerous partnerships, aiming to capitalize on the growing green energy initiative in Mexico. Their investment in state-of-the-art technology and sustainable practices strengthens their portfolio as they roll out key products such as hydrogen supply systems and renewable energy solutions. Through mergers and acquisitions, Air Products and Chemicals has enhanced its capabilities and broadened its geographic footprint, thereby driving growth in the green ammonia sector while demonstrating resilience and adaptability in a rapidly changing market landscape.

    Key Companies in the Mexico Green Ammonia Market market include

    Industry Developments

    The Mexico Green Ammonia Market has witnessed notable developments in recent months. Thyssenkrupp and Air Products and Chemicals are advancing their joint projects focused on producing green hydrogen, which is pivotal for green ammonia production, thereby contributing to the national decarbonization goals outlined in Mexico's energy policy. Acciona has made strides in developing sustainable projects utilizing renewable energy sources to enhance green ammonia production efficiencies. Siemens Energy continues to engage in regional partnerships to maximize the use of wind energy for ammonia generation.

    Yara International is ramping up investments in its facilities to increase green ammonia output as global demand surges. In terms of mergers and acquisitions, in August 2023, ENGIE announced its acquisition of a significant stake in a Mexican renewable energy project linked to green ammonia initiatives, which is a strategic move for expanding its market influence. Furthermore, over the past two years, major announcements like the establishment of pilot plants by BLACK and VEATCH and BASF underscore the vigorous interest in this sector.

    Overall, the market's growth trajectory is characterized by an expanding network of collaborations and investments, aiming to position Mexico as a key player in the global green ammonia landscape.

    Market Segmentation

    Outlook

    • Power Generation
    • Transportation
    • Industrial Feedstocks

    Green Ammonia Market Technology Outlook

    • lkaline Water Electrolysis
    • Proton Exchange Membrane Electrolysis
    • Solid Oxide Electrolysis

    Green Ammonia Market Application Outlook

    • Power Generation
    • Transportation
    • Industrial Feedstocks

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 22.62(USD Million)
    MARKET SIZE 2024 39.25(USD Million)
    MARKET SIZE 2035 1842.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 41.891% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Thyssenkrupp, Air Products and Chemicals, Acciona, Siemens Energy, Yara International, ENGIE, Nouryon, Plug Power, Fertilizer Limited, Oxy Low Carbon Ventures, Iberdrola, Haldor Topsoe, Black and Veatch, BASF, Orsted
    SEGMENTS COVERED Technology, Application
    KEY MARKET OPPORTUNITIES Increased agricultural fertilizer demand, Renewable energy integration potential, Hydrogen fuel cell applications, Export opportunities to USA and Europe, Government support for clean technologies
    KEY MARKET DYNAMICS Growing demand for renewable energy, Government incentives for clean technologies, Increasing industrial use of ammonia, Investments in hydrogen production, Environmental regulations promoting sustainability
    COUNTRIES COVERED Mexico

    FAQs

    What is the expected market size of the Mexico Green Ammonia Market in 2024?

    The Mexico Green Ammonia Market is expected to be valued at approximately 39.25 million USD in 2024.

    What is the projected market size for the Mexico Green Ammonia Market by 2035?

    By 2035, the Mexico Green Ammonia Market is anticipated to reach a value of about 1842.0 million USD.

    What is the estimated CAGR for the Mexico Green Ammonia Market from 2025 to 2035?

    The Mexico Green Ammonia Market is expected to grow at a CAGR of approximately 41.891% from 2025 to 2035.

    Which technology segment is expected to dominate the Mexico Green Ammonia Market in 2024?

    The Alkaline Water Electrolysis segment is anticipated to hold a significant portion of the market, valued at around 12.55 million USD in 2024.

    What will be the market value of the Proton Exchange Membrane Electrolysis segment by 2035?

    The Proton Exchange Membrane Electrolysis segment is projected to reach a market value of approximately 735.3 million USD by 2035.

    Who are the key players in the Mexico Green Ammonia Market?

    Key players in the market include Thyssenkrupp, Air Products and Chemicals, Acciona, Siemens Energy, and Yara International.

    What challenges could impact the growth of the Mexico Green Ammonia Market?

    Challenges may include regulatory hurdles, technological advancements, and competition from alternative energy sources.

    What are some emerging trends in the Mexico Green Ammonia Market?

    Emerging trends include increasing investment in renewable energy technologies and a rising focus on sustainable agricultural practices.

    How will the Solid Oxide Electrolysis segment perform by 2035?

    The Solid Oxide Electrolysis segment is expected to grow significantly, reaching a market value of about 510.6 million USD by 2035.

    Is there a particular region in Mexico expected to show faster market growth?

    While specific regions may vary, the overall trend suggests rapid growth across Mexico in line with national renewable energy goals.

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