Ammonia Cracking Catalysts, Global Market Size Forecast, Top 3 Players Rank and Market Share (Business Opportunities - Marketing & Sales)
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Ammonia Cracking Catalysts, Global Market Size Forecast, Top 3 Players Rank and Market Share | |
Ammonia Cracking Catalysts Market Summary Ammonia cracking is the process by which ammonia is decomposed towards hydrogen and nitrogen over a catalyst (based on base or pgm metals). It's typically used in applications where hydrogen is needed as either an energy source or fuel for downstream manufacturing processes. Ammonia is a nitrogen-hydrogen compound that can be stored in liquid form in simple pressure vessels at temperatures around 100°C, 8 bar similar to natural gas. Ammonia is that it is the basic raw material for all nitrogen compounds and is already one of the most widely produced chemicals in the world, with over 200 million tons/year produced. Therefore, the production technology and infrastructure already exist. Typically, ammonia is produced via the Haber-Bosch process, in which hydrogen gas reacts catalytically with nitrogen from the air. If hydrogen is produced from renewable energy, it is truly carbon neutral because there is no carbon involved. Ammonia could therefore be used as zero-emission energy storage in future zero-emission energy systems. Ammonia cracking is a less mature technology that is not yet widely available. In order for ammonia to be used as an economical energy store for hydrogen, a stable and robust product needs to be available. Ammonia cracking catalyst is an important product essential for ammonia hydrogen storage. According to the new market research report “Global Ammonia Cracking Catalysts Market Report 2023-2029”, published by QYResearch, the global Ammonia Cracking Catalysts market size is projected to reach USD 0.12 billion by 2029, at a CAGR of 72.1% during the forecast period. This report profiles key players of Ammonia Cracking Catalysts such as Johnson Matthey, Heraeus. According to QYResearch Top Players Research Center, the global key manufacturers of Ammonia Cracking Catalysts include Johnson Matthey, Heraeus, etc. In 2022, the global top three players had a share approximately 100.0% in terms of revenue. For more information, please contact the following e-mail address: Email: global@qyresearch.com  | |
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2024-05-02 (0.254 sec)