What is the global market size of Ammonia Market?

Ammonia Market size was valued at USD 71.99 billion in 2021 and is poised to grow from USD 76.66 billion in 2022 to USD 125.85 billion by 2030, at a CAGR of 6.41% during the forecast period (2023-2030).

What is the key driver of Global Ammonia Market?

The potential use of ammonia as an energy carrier is on the rise, primarily because of its high energy density and ease of transportation and storage. As renewable energy sources are becoming increasingly popular, the development of energy production technologies based on ammonia is being driven forward. this demand for ammonia for various industrial applications and energy. This increasing demand of ammonia in energy production and various applications will drive growth of the market.

What is the key market trend for Global Ammonia Market?

A significant trend in the ammonia market is the increasing demand for ammonia as a fertilizer. Ammonia is a vital source of nitrogen for plants, and its high nitrogen content is essential for plant growth. With the rising demand for food, there is a growing need for efficient and effective fertilizers like ammonia to increase crop yield and quality. As a result, the ammonia market is expected to witness substantial growth in the coming years.

Which region accounted for the largest share in Global Ammonia Market?

Globally, The Asia-Pacific region holds a dominant position in the global ammonia market, owing to its high demand for fertilizers and industrial applications.

Top Ammonia Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Ammonia Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Ammonia industry players.

Ammonia Market Competitive Landscape

The ammonia market features a highly competitive landscape, with numerous players operating in the industry. Dominated by large multinational corporations with an established global presence and wide distribution networks, these players possess significant expertise in manufacturing and marketing ammonia-based products. To maintain a competitive edge in the market, these companies continue to invest heavily in research and development activities to improve their product portfolio.

Alongside established players, emerging companies are expanding their presence in the market by offering innovative ammonia-based products at competitive prices. They are also investing in research and development to streamline their production processes, reduce costs, and improve product quality.

In this fiercely competitive market, companies compete based on various factors such as product quality, pricing, innovation, and distribution networks. As demand for ammonia-based products continues to grow, companies are focused on expanding their market reach by forming strategic partnerships and alliances, collaborating with other players, and pursuing mergers and acquisitions to expand their market share.

Ammonia Market Top Player’s Company Profiles

Yara International ASA

CF Industries Holdings, Inc.

OCI N.V.

EuroChem Group AG

Nutrien Ltd.

Koch Industries, Inc.

SABIC

Mitsubishi Chemical Corporation

Shanxi Jinfeng Coal Chemical Co., Ltd.

PJSC Acron

Grupa Azoty S.A.

Qatar Fertilizer Company (QAFCO)

Agrium Inc.

GSFC Ltd.

PotashCorp

Togliattiazot JSC

Orica Limited.

Ammonia Market

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Global Ammonia Market size was valued at USD 76.03 Billion in 2024 and is poised to grow from USD 80.29 Billion in 2025 to USD 124.15 Billion by 2033, growing at a CAGR of 5.6% in the forecast period (2026–2033).

The ammonia market has witnessed significant strategic repositioning among major players, driven by the global shift toward sustainable and low-carbon solutions. Companies are increasingly investing in green and blue ammonia technologies to align with decarbonization goals and regulatory ammonia market trends. 'CF Industries Holdings, Inc.', 'AM Green Ammonia', 'Woodside Energy', 'Yara International ASA', 'Nutrien Ltd.', 'OCI N.V.', 'Mitsui & Co., Ltd.', 'BASF SE', 'Saudi Basic Industries Corporation (SABIC)', 'Sumitomo Chemical Co., Ltd.', 'Linde plc', 'Toyo Engineering Corporation', 'Thyssenkrupp AG', 'Air Products and Chemicals, Inc.'

Agricultural expansion and the need to improve crop yields are significantly driving the demand for ammonia-based fertilizers such as urea, ammonium nitrate, and ammonium sulfate. As global populations grow, especially in developing regions, the pressure to boost food production sustainably is increasing. Ammonia’s role as a nitrogen source makes it an essential component in modern agriculture.

Advancements in Green and Blue Ammonia Technologies: To address environmental concerns, producers are rapidly investing in green ammonia (produced using renewable energy and water electrolysis) and blue ammonia (produced from natural gas with carbon capture and storage). Major firms and governments are partnering to launch large-scale projects aimed at decarbonizing the ammonia supply chain. For instance, in 2024, several green ammonia plants were announced across the Middle East, Europe, and Australia, backed by public-private collaborations. These developments align with global clean energy targets and make ammonia more viable as a long-term energy solution.

What is Driving the Ammonia Market Growth in North America?

Top Ammonia Companies

Ammonia Market Competitive Landscape

FAQs

What is the global market size of Ammonia Market?

Who are the key vendors in the Ammonia Market?

What is the key driver of Ammonia Market?

What is the key market trend for Ammonia Market?

Which region accounted for the largest share in Ammonia Market?

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