Research firm predicts ammonia dominance in future marine fuels market

marine-propulsion-low-carbon-ammonia-market-market-value-analysis

The global market for low-carbon ammonia as a marine fuel is emerging as a central pillar of the shipping industry’s decarbonisation strategy, with strong growth forecast over the coming decade.

According to market research firm Fact.MR, the market is expected to expand from $4.11 billion in 2026 to $11.46 billion by 2036, representing a compound annual growth rate of 10.8%.

Continue this article…

Already subscribed? SIGN IN now

V2-MS

Register for a FREE one-month trial to continue this article

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the shipping sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the shipping industry
  • Our extensive archive of data, research and intelligence

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!