Dublin, Nov. 21, 2023 (GLOBE NEWSWIRE) -- The "Europe Ammonia Crackers Market - Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.
The Europe ammonia crackers market is on a meteoric rise, poised to surge to $415.61 million by 2032 from its 2022 position at $54.40 million. This remarkable growth is steered by an impressive compound annual growth rate (CAGR) of 24.9% forecasted during the period spanning from 2023 to 2032.
Europe, a region brimming with developed and emerging economies, boasts a dynamic landscape that includes economic powerhouses such as Germany, France, Spain, Italy, Russia, and the Rest-of-Europe. The pressing demand for ammonia crackers in the region has witnessed a significant upswing.
The growth of the ammonia crackers market in Europe can be attributed to the rapid expansion of the region's end-use industries, with significant contributions from sectors such as transportation, power generation, and metal industries, among others. Europe stands out as a prominent market for ammonia crackers due to ongoing developments and project announcements within the region.
The ammonia crackers market exhibits different stages of development, with small-scale ammonia crackers reaching maturity while large-scale counterparts are still evolving. This dynamic ecosystem includes primary ammonia cracker manufacturers, green hydrogen and green ammonia producers, technology providers, and end-users.
Currently, the market is in an evolutionary phase, with Asia-Pacific and Europe leading the way. These regions are closely followed by North America, China, Rest-of-the-World, and the U.K., all contributing to global growth and innovation in this sector.
Market Dynamics:
The ammonia crackers market derives its vitality from a wide range of sectors that rely on its essential functions. These sectors encompass heat treatment, the metal industry, oil and gas, power generation, mobility, and various other applications.
In the realm of ammonia crackers, the decentralized segment is poised to lead the European market during the forecast period from 2023 to 2032.
The European market for ammonia crackers encompasses various capacities, catering to small-scale applications, medium-scale operations, and large-scale industrial needs.
Europe emerged as a frontrunner in the ammonia crackers market in 2022. The region's strong presence in manufacturing, particularly in the metal industry, heat treatment, mobility, and various other sectors, played a pivotal role.
The influence of industry giants such as Siemens Energy and thyssenkrupp AG, deeply integrated into the ammonia crackers supply chain, has significantly boosted the market's growth prospects in the region.
Competitive Landscape
As the European ammonia crackers market embarks on an unprecedented growth trajectory, these industry leaders are spearheading innovation and driving the sector's evolution.
Amid this remarkable journey of growth and transformation, key players are shaping the industry landscape:
- Haldor Topsoe A/S
- Siemens Energy
- KBR Inc.
- Air Liquide
- thyssenkrupp AG
- Duiker Combustion Engineers
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 75 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $56.08 Million |
| Forecasted Market Value (USD) by 2032 | $415.61 Million |
| Compound Annual Growth Rate | 24.9% |
| Regions Covered | Europe |
Key Topics Covered:
1 Market
1.1 Supply Chain Analysis
1.2 Impact of COVID-19 on the Ammonia Crackers Market
2 Europe
2.1 Global Overview
2.2 Europe
2.2.1 Market
2.2.1.1 Key Producers and Suppliers in Europe
2.2.1.2 Business Drivers
2.2.1.3 Business Challenges
2.2.2 Application
2.2.2.1 Europe Ammonia Crackers Market (by End User), Volume and Value Data
2.2.3 Product
2.2.3.1 Europe Ammonia Crackers Market (by Cracker Type), Volume and Value Data
2.2.3.2 Europe Ammonia Crackers Market (by Capacity), Volume and Value Data
2.2.4 Europe (by Country)
2.2.4.1 Germany
2.2.4.1.1 Market
2.2.4.1.2 Application
2.2.4.1.2.1 Germany Ammonia Crackers Market (by End User), Volume and Value Data
2.2.4.1.3 Product
2.2.4.1.3.1 Germany Ammonia Crackers Market (by Cracker Type), Volume and Value Data
2.2.4.1.3.2 Germany Ammonia Crackers Market (by Capacity), Volume and Value Data
2.2.4.2 France
2.2.4.3 Italy
2.2.4.4 Spain
2.2.4.5 Russia
2.2.4.6 Rest-of-Europe
2.2.4.6.1 Market
2.2.4.6.2 Application
2.2.4.6.2.1 Rest-of-Europe Ammonia Crackers Market (by End User), Volume and Value Data
2.2.4.6.3 Product
2.2.4.6.3.1 Rest-of-Europe Ammonia Crackers Market (by Cracker Type), Volume and Value Data
2.2.4.6.3.2 Rest-of-Europe 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 Overview
3.2.1 Role in the Ammonia Crackers Market
3.2.2 Product Portfolio
3.2.3 R&D Analysis
3.2.4 Analyst View
4 Research Methodology
For more information about this report visit https://www.researchandmarkets.com/reports/5897147/europe-ammonia-crackers-market-analysis?utm_source=GNE&utm_medium=PressRelease&utm_code=nq85lq&utm_campaign=1912369+-+Europe+Ammonia+Crackers+Market+Analysis+Report+2023-2032%3a+Decentralized+Ammonia+Crackers+to+Lead+the+Way%2c+Market+Thriving+with+Ongoing+Developments+and+Project+Announcements&utm_exec=chdo54prd
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