Product Code: GVR-2-68038-207-5
Ammonia Market Growth & Trends:
The global ammonia market size is expected to reach USD 313.2 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.9% from 2025 to 2030. The growth is majorly driven by rising consumption of ammonia in fertilizers and refrigerants.
As the population of major countries around the world is projected to increase significantly, the demand for food will continue to rise, putting pressure on farmers to adopt more efficient methods of production. Ammonia-based nitrogenous fertilizers are poised to benefit from this trend as they offer increased yield, effective crop protection, and enhanced production cycles, making them a valuable tool for farmers facing the challenge of ensuring food security for an ever-rising global population.
NH3 is commonly used in large-scale refrigeration plants and is available in various forms such as liquid and gas. The advantage of using NH3 in refrigeration systems is that it costs 10-20% to produce compared to systems that use CFCs. In addition, according to the International Institute of Ammonia Refrigeration, ammonia is an efficient and cost-effective alternative to HFCs and CFCs and considered safe for the environment. Moreover, as per the U.S. Environment Protection Agency, the Global Warming Potential and the Potential of Ozone Depletion rating is almost null for NH3-based refrigerants.
Companies are more inclined toward producing sustainable/green NH3 as it has the potential to be a key component of a more sustainable, low-carbon energy system, as it can be used as a renewable fuel for transportation and power generation, as well as a zero-carbon feedstock for the production of fertilizers and other chemicals.
Moreover, companies like Yara International are focusing on developing sustainable product with the help of green hydrogen along with the production of conventional product. Moreover, the company is actively involved in cooperation with Statkraft & Aker Clean Hydrogen, with a goal of decarbonizing Yara's NH3 plant by eliminating 800 kilotons of annual CO2 emissions.
Ammonia Market Report Highlights:
- The anhydrous segment accounted for the largest revenue market share, 59.8%, in 2024 and is expected to continue to dominate the industry over the forecast period.
- The herbicides segment dominated the market with a market share of 78.8% in 2024, during the forecast period. This growth is due to farmers' increasing use of nitrogenous fertilizers.
- The Asia Pacific region is expected to grow the fastest growth during the forecast period. The Asia-Pacific region is home to many agricultural countries, including Japan, Thailand, Indonesia, India, and the Philippines.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Ammonia Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing/Technology Outlook
- 3.2.3. Sales Channel Analysis
- 3.3. Price Trend Analysis
- 3.3.1. Factors Influencing Prices
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliances
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Ammonia Market: Supplier Portfolio Analysis
- 4.1. List of Raw Material Suppliers
- 4.2. Portfolio Analysis/Kraljic Matrix
- 4.3. Engagement Model
- 4.4. List of Raw Material Suppliers
- 4.5. Negotiating Strategies
- 4.6. Sourcing Best Practices
Chapter 5. Ammonia Market: Product Estimates & Trend Analysis
- 5.1. Ammonia Market: Product Movement Analysis, 2023 & 2030
- 5.2. Aqueous
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3. Anhydrous
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Ammonia Market: Application Estimates & Trend Analysis
- 6.1. Ammonia Market: Application Movement Analysis, 2023 & 2030
- 6.2. Fertilizers
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3. Refrigerants
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Pharmaceuticals
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Textile
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Other Applications
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Ammonia Market: Regional Estimates & Trend Analysis
- 7.1. Regional Analysis, 2023 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.5. Canada
- 7.2.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.6. Mexico
- 7.2.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4. Germany
- 7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5. UK
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6. France
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.7. Italy
- 7.3.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.7.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.7.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.8. Spain
- 7.3.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.8.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.8.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7. South Korea
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5. Latin America
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.5. Argentina
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.4. Saudi Arabia
- 7.6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.5. South Africa
- 7.6.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning Analysis, 2024
- 8.4. Vendor Landscape
- 8.4.1. List of Key Distributors & Channel Partners
- 8.4.2. List of End Use
- 8.5. Strategy Mapping
- 8.6. Company Profiles/Listing
- 8.6.1. Acron
- 8.6.1.1. Company Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Product Benchmarking
- 8.6.2. Koch Fertilizers, LLC
- 8.6.2.1. Company Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Product Benchmarking
- 8.6.3. Yara International
- 8.6.3.1. Company Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Product Benchmarking
- 8.6.4. CF Industries Holdings, Inc.
- 8.6.4.1. Company Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Product Benchmarking
- 8.6.5. Nutrien Ltd.
- 8.6.5.1. Company Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Product Benchmarking
- 8.6.6. Qatar Fertiliser Company
- 8.6.6.1. Company Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Product Benchmarking
- 8.6.7. Togliattiazot
- 8.6.7.1. Company Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Product Benchmarking
- 8.6.8. SABIC
- 8.6.8.1. Company Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Product Benchmarking
- 8.6.9. Sumitomo Chemical Co., Ltd.
- 8.6.9.1. Company Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Product Benchmarking
- 8.6.10. Mitsui Chemicals, Inc.
- 8.6.10.1. Company Overview
- 8.6.10.2. Financial Performance
- 8.6.10.3. Product Benchmarking
- 8.6.11. BASF SE
- 8.6.11.1. Company Overview
- 8.6.11.2. Financial Performance
- 8.6.11.3. Product Benchmarking
- 8.6.12. Asahi Kasei Corp
- 8.6.12.1. Company Overview
- 8.6.12.2. Financial Performance
- 8.6.12.3. Product Benchmarking