Who are the key players in Ammonia Market?

CF Industries Holdings Inc., Yara, Nutrien Ltd, OCI and Qatar Fertiliser Company (QAFCO) are the major companies operating in the Ammonia Market. Read More

Which is the fastest growing region in Ammonia Market?

Middle-East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Ammonia Market?

In 2024, the Asia Pacific accounts for the largest market share in Ammonia Market. Read More

What years does this Ammonia Market cover, and what was the market size in 2023?

In 2023, the Ammonia Market size was estimated at 184.85 million tons. The report covers the Ammonia Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ammonia Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key sustainability challenges in the Ammonia Industry?

The key sustainability challenges in the Ammonia Industry are a) Ammonia production facilities can have negative impacts on surrounding communities, such as air and noise pollution b) Improper waste management and spills from ammonia storage and transportation can lead to soil and water contamination Read More

What are the key sustainability challenges in the Ammonia Industry?

The key sustainability challenges in the Ammonia Industry are a) Ammonia production facilities can have negative impacts on surrounding communities, such as air and noise pollution b) Improper waste management and spills from ammonia storage and transportation can lead to soil and water contamination Read More

What are the key sustainability challenges in the Ammonia Industry?

The key sustainability challenges in the Ammonia Industry are a) Ammonia production facilities can have negative impacts on surrounding communities, such as air and noise pollution b) Improper waste management and spills from ammonia storage and transportation can lead to soil and water contamination Read More

Ammonia Market Size

Market Size of Ammonia Industry

Study Period	2019 - 2029
Market Volume (2024)	188.41 Million tons
Market Volume (2029)	206.86 Million tons
CAGR (2024 - 2029)	1.89 %
Fastest Growing Market	Middle-East and Africa
Largest Market	Asia Pacific
Major Players *Disclaimer: Major Players sorted in no particular order

Ammonia Market Analysis

The Ammonia Market size is estimated at 188.41 Million tons in 2024, and is expected to reach 206.86 Million tons by 2029, growing at a CAGR of 1.89% during the forecast period (2024-2029).

During the COVID-19 pandemic, there was a negative impact on the ammonia market globally as agriculture, textile, mining, and other end-user industries were significantly affected. However, growth in the pharmaceutical segment is improving in the industry, and this is expected to assist in market development. Currently, the ammonia market has recovered from the pandemic and is growing significantly.

In the short term, abundant use in the fertilizer industry and ammonia's increasing usage for the production of explosives are projected to fuel the market's growth during the forecast period.
However, the hazardous effects of ammonia in its concentrated form are likely to hinder the growth of the market.
Nevertheless, the use of ammonia as a refrigerant and the growing adoption of green ammonia are likely to act as opportunities for the market between 2024 and 2029.
Asia-Pacific is expected to dominate the market and is likely to witness the highest CAGR from 2024 to 2029.

Ammonia Industry Segmentation

Ammonia is an inorganic compound composed of a single nitrogen atom covalently bonded to three hydrogen atoms, an amidase inhibitor, and a neurotoxin. Furthermore, more than 80% of the ammonia produced by industry is used as fertilizer in agriculture. It is also used as a refrigerant gas, for water purification, and in producing plastics, explosives, textiles, pesticides, dyes, and other chemicals.

The ammonia market is segmented by type, end-user industry, and geography. By type, the market is segmented into liquid and gas. By end-user industry, the market is segmented into agriculture, textiles, mining, pharmaceutical, refrigeration, and other end-user industries. The report also covers the market size and forecasts for the ammonia market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (tons).

Type
		Liquid
		Gas

End-user Industry
		Agriculture
		Textiles
		Mining
		Pharmaceutical
		Refrigeration
		Other End-user Industries (Food and Beverage, Rubber, Water Treatment, Petroleum, and Pulp and Paper Industries)

Geography

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

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Italy
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle East and Africa

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Ammonia Market Size Summary

The ammonia market is poised for steady growth over the forecast period, driven by its critical role in agriculture and emerging applications in various industries. The market has shown resilience in recovering from the disruptions caused by the COVID-19 pandemic, with the pharmaceutical sector contributing to its resurgence. The fertilizer industry remains a significant consumer of ammonia, leveraging its properties to enhance crop health and soil fertility. Additionally, ammonia's increasing use in the production of explosives and its potential as a refrigerant and green ammonia present further growth opportunities. However, the market faces challenges due to the hazardous nature of concentrated ammonia, which could impede its expansion.

Asia-Pacific is expected to lead the ammonia market, with China, India, and Japan being key players. China's dominance in ammonia production and consumption is fueled by its vast agricultural activities and the need for fertilizers to support its large population. India, with its substantial agricultural workforce, also shows a rising demand for ammonia, particularly in urea production. The textile industry in Japan benefits from ammonia's applications in fabric dyeing and synthetic fabric development, contributing to the market's growth. The fragmented nature of the market sees major players like CF Industries Holdings Inc., Yara, Nutrien Ltd, OCI, and Qatar Fertiliser Company actively engaging in strategic collaborations and acquisitions to enhance their production capabilities and reduce environmental impact.

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Ammonia Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Abundant Use in the Fertilizer Industry
  2. 1.1.2 Increasing Usage to Produce Explosives
2. 1.2 Restraints
  1. 1.2.1 Hazardous Effects in its Concentrated Form
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Volume)
1. 2.1 Type
  1. 2.1.1 Liquid
  2. 2.1.2 Gas
2. 2.2 End-user Industry
  1. 2.2.1 Agriculture
  2. 2.2.2 Textiles
  3. 2.2.3 Mining
  4. 2.2.4 Pharmaceutical
  5. 2.2.5 Refrigeration
  6. 2.2.6 Other End-user Industries (Food and Beverage, Rubber, Water Treatment, Petroleum, and Pulp and Paper Industries)
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 France
    4. 2.3.3.4 Italy
    5. 2.3.3.5 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 South Africa
    3. 2.3.5.3 Rest of Middle East and Africa