Ammonia Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

The Ammonia Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Ammonia Market Size and Its Estimated Growth Rate?
In the past few years, the size of the ammonia market has seen robust growth. It is projected to increase from $79.13 billion in 2024 to $85.57 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%. The historical growth is largely credited to a rise in agricultural demand, growing population, energy and power generation, and chemical manufacturing.

Forecasted robust expansion in the ammonia market in the upcoming years will spring its value up to $124.86 billion by 2029, boasting a compound annual growth rate (CAGR) of 9.9%. Developments in the hydrogen economy, renewable energy, carbon capture and storage (ccs), and clean energy transition will largely contribute to this predicted growth during the forecast period. Anticipated trends encompass green ammonia production, the use of ammonia as a hydrogen conduit, ammonia's role in energy storage, hydrogen fuel cell vehicles, sustainable fertilizer manufacturing, green shipping practices, ammonia's application in carbon capture and pharmaceuticals, as well as ammonia sensors and monitoring.

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How Are Emerging Segments Shaping the Ammonia Market Landscape?
The ammonia market covered in this report is segmented -

1) By Product Type: Anhydrous Ammonia, Aqueous Ammonia
2) By Form Type: Liquid, Powder
3) By Application Type: Fertilizers, Chemicals, Refrigeration, Pharmaceutical, Fibers and Plastics, Pulp and Papers, Other Application Types

Subsegments:
1) By Anhydrous Ammonia: Industrial Grade Anhydrous Ammonia, Agricultural Grade Anhydrous Ammonia
2) By Aqueous Ammonia: Low-Concentration Aqueous Ammonia, High-Concentration Aqueous Ammonia

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Which Growth Factors Are Influencing Ammonia Market Expansion?
The expansion of the fertilizer sector is influencing the rise of the ammonia market. Ammonia, as an ammonium nitrate fertilizer, discharges nitrogen, a vital nutrient for plant growth, including agricultural crops and lawns. The expected swift expansion in the fertilizer industry is believed to enhance ammonia usage since it's extensively utilized in fertilizer production. For example, The Agricultural Industries Confederation, a trade organization in the UK representing the agri-supply industry, reported that in England & Wales, nitrogen usage had fallen to 687 thousand tonnes in 2022 from 692 thousand tonnes in 2023. Consequently, the expansion of the fertilizer sector is propelling the ammonia market's growth.

Who Are the Dominant Players Across Different Ammonia Market Segments?
Major companies operating in the ammonia market include Yara International ASA, BASF SE, CF Industries Holdings Inc., Nutrien Ltd., OCI Nitrogen, Eurochem Group, Koch Fertilizer LLC, China National Petroleum Corporation, Rashtriya Chemicals and Fertilizers Ltd., Qatar Fertiliser Company, Mitsubishi Gas Chemical Co Inc., Uralchem JSC, Evonik Industries AG, Acron Group, Orica Limited, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Agrium Europe S.A., Fauji Fertilizer Company Limited, China National Offshore Oil Corporation, National Fertilizers Limited, Trammo Inc., Pupuk Kaltim, Sinochem Group, KBR Inc., Dyno Nobel

What Are the Latest Developing Trends in the Ammonia Market?
To meet the increasing demand for eco-friendly agricultural products, major firms in the ammonia market are creating innovative biomass-balanced items. These products can be used as fertilisers and chemicals, providing a greener alternative to conventional methods. They typically come with certifications that emphasise their environmental friendliness, aiding both consumers and businesses in making educated decisions that contribute to a circular economy. For instance, BASF SE, a chemical company based in Germany, unveiled ammonia anhydrous BMBcert, ammonia solution 24.5% BMBcert, urea powder BMBcert, urea solution 40% BMBcert, and urea solution 45% BMBcert in May 2024. Their Ammonia Anhydrous BMBcert, which has received ISCC PLUS certification, is a biomass-balanced product that significantly cuts emissions and bolsters sustainability efforts. The ammonia solution 24.5% BMBcert contributes to a smaller carbon footprint due to its biomass-balanced composition. The Urea Prills BMBcert aids users in reducing scope 3 emissions, while the Urea Solutions (40% and 45%) offer effective biomass-balanced solutions to help meet sustainability targets and cut down on overall carbon effects.

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Which Geographic Regions Are Expected to Dominate the Ammonia Market in the Coming Years?
Asia-pacific was the largest region in the ammonia market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the ammonia market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ammonia Market?
2. What is the CAGR expected in the Ammonia Market?
3. What Are the Key Innovations Transforming the Ammonia Industry?
4. Which Region Is Leading the Ammonia Market?

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