DUBLIN , Nov. 21, 2023 /PRNewswire/ — 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.
This growth can be attributed to the rapid expansion of Europe’s end-use industries, with major contributions coming from the transportation, power generation, and metal sectors, among others. Europe, as a market for ammonia crackers, ranks prominently, driven by ongoing developments and project announcements within the region.
The ammonia crackers market exhibits different stages of development, with small-scale ammonia crackers at the mature stage, while large-scale counterparts are in the midst of evolving. This thriving ecosystem comprises primary ammonia cracker manufacturers, green hydrogen and green ammonia producers, technology providers, and end-users.
The market remains in its evolutionary phase, with Asia-Pacific and Europe taking the lead. These regions are followed closely by North America, China, Rest-of-the-World, and the U.K., all contributing to the global growth and innovation in this sector.
Delving into Market Dynamics
The ammonia crackers market draws vitality from diverse sectors that rely on its essential functions. These include heat treatment, metal industry, oil and gas, power generation, mobility, and various other applications.
In the realm of ammonia crackers, the decentralized segment is set to lead the way in the European market during the forecast period from 2023 to 2032.
The European market for ammonia crackers spans 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 foothold in manufacturing, particularly in the metal industry, heat treatment, mobility, and various other sectors, played a pivotal role. The influence of industry giants like Siemens Energy and thyssenkrupp AG, deeply integrated into the ammonia crackers supply chain, has significantly bolstered 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 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/r/jomjw9
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SOURCE Research and Markets
