Product Code: PMRREP18724
Persistence Market Research has conducted a thorough analysis of the Ammonia Market, providing a comprehensive report detailing its global landscape. This in-depth publication offers valuable insights into the market's dynamics, trends, opportunities, and challenges, providing a comprehensive overview of its structure. Backed by exclusive data and statistics, the research predicts the anticipated growth trajectory of the Ammonia Market spanning from 2024 to 2032.
The global ammonia market is expected to reach $133.74 billion in 2024, with a year-on-year growth. Sales are projected to grow at a CAGR of 4.7% from 2024 to 2032, reaching $193.7 billion by 2032.
Key Insights:
- Ammonia Market Size (2024): $133.74 billion
- Projected Market Value (2032): $193.7 billion
- Global Market Growth Rate (CAGR 2024-2032): 4.7%
Ammonia Market - Report Scope:
Ammonia plays a crucial role in various industries, including agriculture, chemicals, pharmaceuticals, and refrigeration. It is primarily used as a fertilizer, raw material for the production of chemicals, and refrigerant. The ammonia market caters to agriculture, chemical manufacturing, and other industries, offering a versatile range of applications.
Market Growth Drivers:
The global ammonia market is propelled by several key factors, including the increasing demand for fertilizers to support food production and the growing use of ammonia in the manufacturing of various chemicals, such as urea, ammonium nitrate, and ammonium sulfate. Additionally, the expanding applications of ammonia in pharmaceuticals, wastewater treatment, and refrigeration systems contribute to market growth.
Market Restraints:
Despite promising growth prospects, the ammonia market faces challenges related to energy-intensive production processes, environmental concerns associated with ammonia emissions, and safety risks in handling and transportation. Stringent regulations governing ammonia production, storage, and transportation impose compliance burdens on manufacturers and end-users, affecting operational costs and market expansion.
Market Opportunities:
The ammonia market presents significant growth opportunities driven by technological innovations, environmental sustainability initiatives, and emerging applications in renewable energy and hydrogen production. The integration of ammonia as a clean energy carrier and fuel source for fuel cells and power generation enhances market potential and stimulates innovation in the ammonia value chain.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the global ammonia market?
- Which industries and applications are driving ammonia consumption across different regions?
- How are technological advancements reshaping the competitive landscape of the ammonia market?
- Who are the key players contributing to the ammonia market, and what strategies are they employing to maintain market relevance?
- What are the emerging trends and future prospects in the global ammonia market?
Competitive Intelligence and Business Strategy:
Leading players in the global ammonia market, including Yara International ASA, CF Industries Holdings, Inc., and OCI Nitrogen BV, focus on innovation, sustainability, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop energy-efficient and environmentally friendly ammonia production technologies, promoting sustainable practices and reducing carbon emissions. Collaborations with agricultural stakeholders, chemical manufacturers, and government agencies facilitate market expansion and promote responsible ammonia use.
Companies Covered in This Report -
- Yara International
- CF Industries Holdings, Inc
- Potash Corp
- Orica Limited
- Incitec Pivot Ltd
- Mitsubishi Gas Chemical Co., Ltd.
- Praxair, Inc.
- Achema AB
- Linde Group
- Jiangsu Huachang Chemical Co. Ltd.
- Koch Fertilizer LLC
- BASF SE
- The Dow Chemical Company
- Toggliazot PJSC
- OCI Nitrogen
- Haifa Chemicals Ltd.
- CNPC (China National Petroleum Corporation)
Key Segments Covered in Ammonia Industry Research
Ammonia Market by Product Type:
- Anhydrous Ammonia
- Aqueous Ammonia
Ammonia Market by Application:
- MAP (Mono-ammonium Phosphate)
- DAP (Di-ammonium Phosphate)
- Urea
- Nitric Acid
- Ammonium Phosphate
- Ammonium Nitrate
- Others
Ammonia Market by End Use:
- Industrial Chemicals
- Agrochemicals
- Explosives
- Others (Electronics)
Ammonia Market by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa "
Table of Contents
1. Executive Summary
- 1.1. Global Ammonia Market Snapshot, 2023 and 2031
- 1.2. Market Opportunity Assessment, 2024 - 2032, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.3. Value Chain Analysis
- 2.4. Porter's Five Forces Analysis
- 2.5. PESTLE Analysis
- 2.6. COVID-19 Impact Analysis
- 2.7. Economic Overview
- 2.8. Regulations and Certifications
3. Macro-economic and Forecast Factors
- 3.1. Global Economic Growth Outlook
- 3.2. GDP Growth Outlook
- 3.3. Global Sectoral Growth Outlook
- 3.4. Other Macroeconomic Factors
4. Global Ammonia Market Outlook, 2024 - 2032
- 4.1. Global Ammonia Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 4.1.1. Key Highlights
- 4.1.1.1. Anhydrous Ammonia
- 4.2. Global Ammonia Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 4.2.1. Key Highlights
- 4.2.1.1. MAP
- 4.2.1.2. DAP
- 4.2.1.3. Urea
- 4.2.1.4. Nitric Acid
- 4.2.1.5. Ammonium Sulphate
- 4.2.1.6. Ammonium Nitrate
- 4.2.1.7. Others
- 4.3. Global Ammonia Market Outlook, by End Use, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 4.3.1. Key Highlights
- 4.3.1.1. Industrial Chemicals
- 4.3.1.2. Agrochemicals
- 4.3.1.3. Explosives
- 4.3.1.4. Others (Electronics, etc.)
- 4.4. Global Ammonia Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 4.4.1. Key Highlights
- 4.4.1.1. North America
- 4.4.1.2. Europe
- 4.4.1.3. East Asia
- 4.4.1.4. South Asia & Oceania
- 4.4.1.5. Latin America
- 4.4.1.6. Middle East & Africa
5. North America Ammonia Market Outlook, 2024 - 2032
- 5.1. North America Ammonia Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 5.1.1. Key Highlights
- 5.1.1.1. Anhydrous Ammonia
- 5.1.1.2. Aqueous Ammonia
- 5.2. North America Ammonia Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 5.2.1. Key Highlights
- 5.2.1.1. MAP
- 5.2.1.2. DAP
- 5.2.1.3. Urea
- 5.2.1.4. Nitric Acid
- 5.2.1.5. Ammonium Sulphate
- 5.2.1.6. Ammonium Nitrate
- 5.2.1.7. Others
- 5.3. North America Ammonia Market Outlook, by End Use, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 5.3.1. Key Highlights
- 5.3.1.1. Industrial Chemicals
- 5.3.1.2. Agrochemicals
- 5.3.1.3. Explosives
- 5.3.1.4. Others (Electronics, etc.)
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
- 5.4. North America Ammonia Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 5.4.1. Key Highlights
- 5.4.1.1. U.S.
- 5.4.1.2. Canada
- 5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Europe Ammonia Market Outlook, 2024 - 2032
- 6.1. Europe Ammonia Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 6.1.1. Key Highlights
- 6.1.1.1. Anhydrous Ammonia
- 6.1.1.2. Aqueous Ammonia
- 6.2. Europe Ammonia Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 6.2.1. Key Highlights
- 6.2.1.1. MAP
- 6.2.1.2. DAP
- 6.2.1.3. Urea
- 6.2.1.4. Nitric Acid
- 6.2.1.5. Ammonium Sulphate
- 6.2.1.6. Ammonium Nitrate
- 6.2.1.7. Others
- 6.3. Europe Ammonia Market Outlook, by End Use, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 6.3.1. Key Highlights
- 6.3.1.1. Industrial Chemicals
- 6.3.1.2. Agrochemicals
- 6.3.1.3. Explosives
- 6.3.1.4. Others (Electronics, etc.)
- 6.4. Europe Ammonia Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 6.4.1. Key Highlights
- 6.4.1.1. Germany
- 6.4.1.2. Italy
- 6.4.1.3. France
- 6.4.1.4. U.K.
- 6.4.1.5. Spain
- 6.4.1.6. Turkey
- 6.4.1.7. Russia
- 6.4.1.8. Rest of Europe
- 6.4.2. BPS Analysis/Market Attractiveness Analysis
7. East Asia Ammonia Market Outlook, 2024 - 2032
- 7.1. East Asia Ammonia Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 7.1.1. Key Highlights
- 7.1.1.1. Anhydrous Ammonia
- 7.1.1.2. Aqueous Ammonia
- 7.2. East Asia Ammonia Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 7.2.1. Key Highlights
- 7.2.1.1. MAP
- 7.2.1.2. DAP
- 7.2.1.3. Urea
- 7.2.1.4. Nitric Acid
- 7.2.1.5. Ammonium Sulphate
- 7.2.1.6. Ammonium Nitrate
- 7.2.1.7. Others
- 7.3. East Asia Ammonia Market Outlook, by End Use, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 7.3.1. Key Highlights
- 7.3.1.1. Industrial Chemicals
- 7.3.1.2. Agrochemicals
- 7.3.1.3. Explosives
- 7.3.1.4. Others (Electronics, etc.)
- 7.4. East Asia Ammonia Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 7.4.1. Key Highlights
- 7.4.1.1. China
- 7.4.1.2. Japan
- 7.4.1.3. South Korea
- 7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Latin America Ammonia Market Outlook, 2024 - 2032
- 8.1. Latin America Ammonia Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 8.1.1. Key Highlights
- 8.1.1.1. Anhydrous Ammonia
- 8.1.1.2. Aqueous Ammonia
- 8.2. Latin America Ammonia Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 8.2.1. Key Highlights
- 8.2.1.1. MAP
- 8.2.1.2. DAP
- 8.2.1.3. Urea
- 8.2.1.4. Nitric Acid
- 8.2.1.5. Ammonium Sulphate
- 8.2.1.6. Ammonium Nitrate
- 8.2.1.7. Others
- 8.3. Latin America Ammonia Market Outlook, by End Use, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 8.3.1. Key Highlights
- 8.3.1.1. Industrial Chemicals
- 8.3.1.2. Agrochemicals
- 8.3.1.3. Explosives
- 8.3.1.4. Others (Electronics, etc.)
- 8.4. Latin America Ammonia Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 8.4.1. Key Highlights
- 8.4.1.1. Brazil
- 8.4.1.2. Mexico
- 8.4.1.3. Rest of Latin America
- 8.4.2. BPS Analysis/Market Attractiveness Analysis
9. South Asia & Oceania Ammonia Market Outlook, 2024 - 2032
- 9.1. South Asia & Oceania Ammonia Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 9.1.1. Key Highlights
- 9.1.1.1. Anhydrous Ammonia
- 9.1.1.2. Aqueous Ammonia
- 9.2. South Asia & Oceania Ammonia Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 9.2.1. Key Highlights
- 9.2.1.1. MAP
- 9.2.1.2. DAP
- 9.2.1.3. Urea
- 9.2.1.4. Nitric Acid
- 9.2.1.5. Ammonium Sulphate
- 9.2.1.6. Ammonium Nitrate
- 9.2.1.7. Others
- 9.3. Latin America Ammonia Market Outlook, by End Use, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 9.3.1. Key Highlights
- 9.3.1.1. Industrial Chemicals
- 9.3.1.2. Agrochemicals
- 9.3.1.3. Explosives
- 9.3.1.4. Others (Electronics, etc.)
- 9.4. South Asia & Oceania Ammonia Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 9.4.1. Key Highlights
- 9.4.1.1. India
- 9.4.1.2. Australia & New Zealand
- 9.4.1.3. ASEAN
- 9.4.1.4. Rest of South Asia & Oceania
- 9.4.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Ammonia Market Outlook, 2024 - 2032
- 10.1. Middle East & Africa Ammonia Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 10.1.1. Key Highlights
- 10.1.1.1. Anhydrous Ammonia
- 10.1.1.2. Aqueous Ammonia
- 10.2. Middle East & Africa Ammonia Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 10.2.1. Key Highlights
- 10.2.1.1. MAP
- 10.2.1.2. DAP
- 10.2.1.3. Urea
- 10.2.1.4. Nitric Acid
- 10.2.1.5. Ammonium Sulphate
- 10.2.1.6. Ammonium Nitrate
- 10.2.1.7. Others
- 10.3. Middle East & Africa Ammonia Market Outlook, by End Use, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 10.3.1. Key Highlights
- 10.3.1.1. Industrial Chemicals
- 10.3.1.2. Agrochemicals
- 10.3.1.3. Explosives
- 10.3.1.4. Others (Electronics, etc.)
- 10.4. Middle East & Africa Ammonia Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2024 - 2032
- 10.4.1. Key Highlights
- 10.4.1.1. GCC Countries
- 10.4.1.2. South Africa
- 10.4.1.3. Northern Africa
- 10.4.1.4. Rest of Middle East & Africa
- 10.4.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
- 11.1. Purity vs Application Heatmap
- 11.2. Manufacturer vs Application Heatmap
- 11.3. Company Market Share Analysis, 2024
- 11.4. Competitive Dashboard
- 11.5. Company Profiles
- 11.5.1. CF Industries Holdings, Inc
- 11.5.1.1. Company Overview
- 11.5.1.2. Product Portfolio
- 11.5.1.3. Financial Overview
- 11.5.1.4. Business Strategies and Development
- 11.5.2. CF Industries Holdings, Inc
- 11.5.3. Potash Corp
- 11.5.4. Orica Limited
- 11.5.5. Incitec Pivot Ltd
- 11.5.6. Mitsubishi Gas Chemical Co., Ltd.
- 11.5.7. Praxair, Inc.
- 11.5.8. Achema AB
- 11.5.9. Linde Group
- 11.5.10. Jiangsu Huachang Chemical Co. Ltd.
- 11.5.11. Koch Fertilizer LLC
- 11.5.12. SABIC
- 11.5.13. BASF SE
- 11.5.14. The Dow Chemical Company
- 11.5.15. Toggliazot PJSC
12. Appendix
- 12.1. Research Methodology
- 12.2. Report Assumptions
- 12.3. Acronyms and Abbreviations