Asia-Pacific Ammonia Crackers Market - Analysis and Forecast, 2023-2032

Report
84 Pages
December 2023
Region: Asia Pacific
BIS Research
ID: 5914428

The Asia-Pacific ammonia crackers market (excluding China) is projected to reach $458.52 million by 2032, growing at a CAGR of 27.5% during the forecast period 2023-2032. A sustainable future is supported by hydrogen and its components, such as ammonia, which are essential to the green transition and natural gas replacement. Additionally, due to its low volumetric density even when compressed to high pressures or liquefied, hydrogen makes usage as an economically viable energy vector easier in a variety of applications, including industrial and transportation. Hydrogen has been produced near to its delivery and consumption points, requiring little in the way of specialized transportation infrastructure.

Market Introduction

The market for ammonia crackers is showing signs of heterogeneity, with large-scale counterparts still in the process of developing and small-scale counterparts at the mature stage. The producers of green hydrogen and green ammonia, technology suppliers, end customers, and primary ammonia cracker manufacturers make up this vibrant ecosystem. The market is still in its evolutionary stage, with Europe and Asia-Pacific leading the way. These areas are closely followed by China, North America, the United Kingdom, and the Rest of the World, all of which support worldwide innovation and growth in this field.

Market Segmentation:

Segmentation 1: by End User

Heat Treatment
Metal Industry
Oil and Gas
Power Generation
Mobility
Others

Segmentation 2: by Cracker Type

Centralized
Decentralized

Segmentation 3: by Capacity

Small Scale (< 250 Nm3/hr)
Medium Scale (250-1,000 Nm3/hr)
Large Scale (>1,000 Nm3/hr)

Segmentation 4: by Region

China
Asia-Pacific and Japan - Japan, India, South Korea, and Rest-of-Asia-Pacific and Japan

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different cracker types and capacities involved in the ammonia crackers market. The cracker type segment has been segmented into centralized and decentralized. The capacity segment has been segmented into small scale (< 250 Nm3/hr), medium scale (250-1,000 Nm3/hr) and large scale (>1,000 Nm3/hr). Moreover, the study provides the reader with a detailed understanding of the ammonia crackers market based on end user, including heat treatment, metal industry, oil and gas, power generation, mobility, and others. The increasing adoption of ammonia crackers in power generation and mobility sectors is expected to fuel market growth in the future.

Growth/Marketing Strategy: The Asia-Pacific ammonia crackers market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been business partnerships to strengthen their position in the ammonia crackers market.

Competitive Strategy: Key players in the Asia-Pacific ammonia crackers market analyzed and profiled in the study involve ammonia cracker producers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the ammonia crackers market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and regional presence.

Some of the prominent names in this market are:

Suzhou Since Gas Technology Co., Ltd.
Nuberg GPD
MVS Engineering Pvt. Ltd.

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1 Market

1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Ongoing Research for Scaling Up of Cracking Technologies
1.1.1.2 Transition towards Low-Carbon Hydrogen, Aiding the Growth of Ammonia Crackers
1.1.2 Supply Chain Analysis
1.1.3 Ecosystem of Ammonia Crackers Market
1.1.3.1 Regulatory/Certification Bodies
1.1.4 Impact of COVID-19 on the Ammonia Crackers Market
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Awareness Regarding Green Hydrogen
1.2.1.2 Increased Adoption of Ammonia Crackers in End-User Industries
1.2.1.3 Need for Effective Hydrogen Carrier
1.2.2 Business Challenges
1.2.2.1 Toxicity of Liquid Ammonia and Trace Amounts of Ammonia in Hydrogen after Decomposition
1.2.2.2 High Cost of Green Hydrogen Production and Requirement of Significant Amount of Energy in Cracking
1.2.3 Business Strategies
1.2.3.1 Product and Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions, Partnerships, and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Government Initiatives for Net-Zero Emission
1.2.5.2 Increasing Adoption of Green Hydrogen into Mobility Sector
1.3 Start-Up Landscape
1.3.1 Key Start-Ups in the Ecosystem

2 Regions

2.1 China
2.1.1 Market
2.1.1.1 Key Producers and Suppliers in China
2.1.1.2 Business Drivers
2.1.1.3 Business Challenges
2.1.2 Application
2.1.2.1 China Ammonia Crackers Market (by End User), Volume and Value Data
2.1.3 Product
2.1.3.1 China Ammonia Crackers Market (by Cracker Type), Volume and Value Data
2.1.3.2 China Ammonia Crackers Market (by Capacity), Volume and Value Data
2.2 Asia-Pacific and Japan
2.2.1 Market
2.2.1.1 Key Producers and Suppliers in Asia-Pacific and Japan
2.2.1.2 Business Drivers
2.2.1.3 Business Challenges
2.2.2 Application
2.2.2.1 Asia-Pacific and Japan Ammonia Crackers Market (by End User), Volume and Value Data
2.2.3 Product
2.2.3.1 Asia-Pacific and Japan Ammonia Crackers Market (by Cracker Type), Volume and Value Data
2.2.3.2 Asia-Pacific and Japan Ammonia Crackers Market (by Capacity), Volume and Value Data
2.2.4 Asia-Pacific and Japan (by Country)
2.2.4.1 Japan
2.2.4.1.1 Market
2.2.4.1.2 Application
2.2.4.1.2.1 Japan Ammonia Crackers Market (by End User), Volume and Value Data
2.2.4.1.3 Product
2.2.4.1.3.1 Japan Ammonia Crackers Market (by Cracker Type), Volume and Value Data
2.2.4.1.3.2 Japan Ammonia Crackers Market (by Capacity), Volume and Value Data
2.2.4.2 South Korea
2.2.4.2.1 Market
2.2.4.2.2 Application
2.2.4.2.2.1 South Korea Ammonia Crackers Market (by End User), Volume and Value Data
2.2.4.2.3 Product
2.2.4.2.3.1 South Korea Ammonia Crackers Market (by Cracker Type), Volume and Value Data
2.2.4.2.3.2 South Korea Ammonia Crackers Market (by Capacity), Volume and Value Data
2.2.4.3 India
2.2.4.3.1 Market
2.2.4.3.2 Application
2.2.4.3.2.1 India Ammonia Crackers Market (by End User), Volume and Value Data
2.2.4.3.3 Product
2.2.4.3.3.1 India Ammonia Crackers Market (by Cracker Type), Volume and Value Data
2.2.4.3.3.2 India Ammonia Crackers Market (by Capacity), Volume and Value Data
2.2.4.4 Rest-of-Asia-Pacific and Japan
2.2.4.4.1 Market
2.2.4.4.2 Application
2.2.4.4.2.1 Rest-of-Asia-Pacific and Japan Ammonia Crackers Market (by End User), Volume and Value Data
2.2.4.4.3 Product
2.2.4.4.3.1 Rest-of-Asia-Pacific and Japan Ammonia Crackers Market (by Cracker Type), Volume and Value Data
2.2.4.4.3.2 Rest-of-Asia-Pacific and Japan Ammonia Crackers Market (by Capacity), Volume and Value Data

3 Market - Competitive Benchmarking and Company Profiles

3.1 Competitive Benchmarking
3.1.1 Competitive Position Matrix
3.1.2 Product Matrix of Key Companies (by Capacity)
3.1.3 Market Share Analysis of Key Companies, 2022
3.2 Company Profiles
3.2.1 Suzhou Since Gas Technology Co., Ltd.
3.2.1.1 Company Overview
3.2.1.1.1 Role of Suzhou Since Gas Technology Co., Ltd. in the Ammonia Crackers Market
3.2.1.1.2 Product Portfolio
3.2.1.1.3 Production Sites
3.2.1.2 Analyst View
3.2.2 Nuberg GPD
3.2.2.1 Company Overview
3.2.2.1.1 Role of Nuberg GPD in the Ammonia Crackers Market
3.2.2.1.2 Product Portfolio
3.2.2.1.3 Production Sites
3.2.2.2 Analyst View
3.2.3 MVS Engineering Pvt. Ltd.
3.2.3.1 Company Overview
3.2.3.2 Role of MVS Engineering Pvt. Ltd. in the Ammonia Crackers Market
3.2.3.2.1 Product Portfolio
3.2.3.2.2 Production Sites
3.2.3.3 Analyst View

4 Research Methodology

4.1 Primary Data Sources
4.2 Data Sources
4.3 Assumptions and Limitations

List of Figures

Figure 1: Ammonia Crackers Market, $Million, 2022, 2023, and 2032
Figure 2: Ammonia Crackers Market (by End User), $Million, 2022 and 2032
Figure 3: Ammonia Crackers Market (by Cracker Type), $Million, 2022 and 2032
Figure 4: Ammonia Crackers Market (by Capacity), $Million, 2022 and 2032
Figure 5: Ammonia Crackers Market (by Region), $Million, 2022 and 2032
Figure 6: Supply Chain Analysis of the Ammonia Crackers Market
Figure 7: Flow Chart of Ammonia Crackers (by Cracker Type)
Figure 8: Automotive Production Units, 2019-2021
Figure 9: Research Methodology
Figure 10: Top-Down and Bottom-Up Approach
Figure 11: Ammonia Crackers Market: Influencing Factors
Figure 12: Assumptions and Limitations

List of Tables

Table 1: Regulatory/Certification Bodies
Table 2: Key Product and Market Developments
Table 3: Key Mergers and Acquisitions, Partnerships, and Joint Ventures
Table 4: Ammonia Crackers Market (by Region), Kilotons, 2022-2032
Table 5: Ammonia Crackers Market (by Region), $Million, 2022-2032
Table 6: China Ammonia Crackers Market (by End User), Kilotons, 2022-2032
Table 7: China Ammonia Crackers Market (by End User), $Million, 2022-2032
Table 8: China Ammonia Crackers Market (by Cracker Type), Kilotons, 2022-2032
Table 9: China Ammonia Crackers Market (by Cracker Type), $Million, 2022-2032
Table 10: China Ammonia Crackers Market (by Capacity), Kilotons, 2022-2032
Table 11: China Ammonia Crackers Market (by Capacity), $Million, 2022-2032
Table 12: Asia-Pacific and Japan Ammonia Crackers Market (by End User), Kilotons, 2022-2032
Table 13: Asia-Pacific and Japan Ammonia Crackers Market (by End User), $Million, 2022-2032
Table 14: Asia-Pacific and Japan Ammonia Crackers Market (by Cracker Type), Kilotons, 2022-2032
Table 15: Asia-Pacific and Japan Ammonia Crackers Market (by Cracker Type), $Million, 2022-2032
Table 16: Asia-Pacific and Japan Ammonia Crackers Market (by Capacity), Kilotons, 2022-2032
Table 17: Asia-Pacific and Japan Ammonia Crackers Market (by Capacity), $Million, 2022-2032
Table 18: Japan Ammonia Crackers Market (by End User), Kilotons, 2022-2032
Table 19: Japan Ammonia Crackers Market (by End User), $Million, 2022-2032
Table 20: Japan Ammonia Crackers Market (by Cracker Type), Kilotons, 2022-2032
Table 21: Japan Ammonia Crackers Market (by Cracker Type), $Million, 2022-2032
Table 22: Japan Ammonia Crackers Market (by Capacity), Kilotons, 2022-2032
Table 23: Japan Ammonia Crackers Market (by Capacity), $Million, 2022-2032
Table 24: South Korea Ammonia Crackers Market (by End User), Kilotons, 2022-2032
Table 25: South Korea Ammonia Crackers Market (by End User), $Million, 2022-2032
Table 26: South Korea Ammonia Crackers Market (by Cracker Type), Kilotons, 2022-2032
Table 27: South Korea Ammonia Crackers Market (by Cracker Type), $Million, 2022-2032
Table 28: South Korea Ammonia Crackers Market (by Capacity), Kilotons, 2022-2032
Table 29: South Korea Ammonia Crackers Market (by Capacity), $Million, 2022-2032
Table 30: India Ammonia Crackers Market (by End User), Kilotons, 2022-2032
Table 31: India Ammonia Crackers Market (by End User), $Million, 2022-2032
Table 32: India Ammonia Crackers Market (by Cracker Type), Kilotons, 2022-2032
Table 33: India Ammonia Crackers Market (by Cracker Type), $Million, 2022-2032
Table 34: India Ammonia Crackers Market (by Capacity), Kilotons, 2022-2032
Table 35: India Ammonia Crackers Market (by Capacity), $Million, 2022-2032
Table 36: Rest-of-Asia-Pacific and Japan Ammonia Crackers Market (by End User), Kilotons, 2022-2032
Table 37: Rest-of-Asia-Pacific and Japan Ammonia Crackers Market (by End User), $Million, 2022-2032
Table 38: Rest-of-Asia-Pacific and Japan Ammonia Crackers Market (by Cracker Type), Kilotons, 2022-2032
Table 39: Rest-of-Asia-Pacific and Japan Ammonia Crackers Market (by Cracker Type), $Million, 2022-2032
Table 40: Rest-of-Asia-Pacific and Japan Ammonia Crackers Market (by Capacity), Kilotons, 2022-2032
Table 41: Rest-of-Asia-Pacific and Japan Ammonia Crackers Market (by Capacity), $Million, 2022-2032
Table 42: Product Matrix of Key Companies (by Capacity)
Table 43: Market Shares of Key Companies, 2022

Executive Summary

The Asia-Pacific ammonia crackers market (excluding China) is estimated to reach $458.52 million by 2032, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 27.5% during the forecast period 2023-2032.

The Asia-Pacific Ammonia Crackers Market: Drivers and Challenges

The Asia-Pacific and Japan region is home to 60% of the world’s population, as stated by the United Nations Population Fund (UNFPA) in 2021. The growing population and various government policies aimed toward establishing a sustainable economy in the region are creating a growing demand for metal and metallurgical products, which is supporting the growth of the ammonia crackers market in the region.

The majority of countries in the Asia-Pacific and Japan region are currently developing, and most of them, such as Afghanistan, Nepal, and Bangladesh, have fewer infrastructures for renewable electricity generation. The region also lacks ammonia cracker production. Therefore, these factors may negatively affect the growth of the ammonia crackers market in the Asia-Pacific and Japan region.

USPs of report

Analysis of business drivers and challenges of the Asia-Pacific Ammonia Crackers Market
Detailed analysis of Ammonia Crackers Market for Japan, South Korea and India

Market segregation based on cracker type, capacity, and end user

Analyst’s Perspective on Ammonia Crackers Market

The Principal Analyst states, 'Large-scale ammonia crackers are gaining traction on the back of increasing need for effective hydrogen carrier. Various companies, including Siemens Energy, Proton Ventures, and Amogy Inc., among others, are investing in developing large-scale ammonia crackers. Power generation and mobility industries are expected to be at the forefront with the development of large-scale ammonia crackers. The small-scale ammonia crackers market is currently matured and fragmented with a large number of companies in the market.'

Some of the prominent names established in this market are:

Suzhou Since Gas Technology Co., Ltd.
Nuberg GPD
MVS Engineering Pvt. Ltd.

Key Questions Answered in the Report

What are the major market drivers, challenges, and opportunities in the Asia-Pacific ammonia crackers market?
What are the steps taken by the existing players to improve/maintain their market positioning, and what are some of the key strategies adopted by new players entering this market space?
Which are the major companies in the ammonia crackers ecosystem? What are their market shares?

Companies Mentioned

Suzhou Since Gas Technology Co., Ltd.
Nuberg GPD
MVS Engineering Pvt. Ltd.

Table Information

Report Attribute	Details
No. of Pages	84
Published	December 2023
Forecast Period	2023 - 2032
Estimated Market Value ( USD ) in 2023	$ 51.48 Million
Forecasted Market Value ( USD ) by 2032	$ 458.52 Million
Compound Annual Growth Rate	27.5%
Regions Covered	Asia Pacific
No. of Companies Mentioned	3

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