Press release
Global Ammonia Market Size projected to Reach USD 127.10 Billion by 2033 | CAGR of 4.3%
The global ammonia market size reached USD 83.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 127.1 Billion by 2033, exhibiting a growth rate (CAGR) of 4.3% during 2025-2033.
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Global Ammonia Market Dynamic:
Dominant Role of the Agricultural Sector:
The world ammonia market is largely fueled by the strong and continuously growing needs of the agricultural industry. Ammonia is a building block in the manufacture of nitrogenous fertilizers, which are crucial to increase crop yields and maintain world food security. The growing population of the world requires higher agricultural production, directly relating to greater demand for ammonia-based fertilizers.
Additionally, new methods of farming such as precision farming and optimized nutrient application add further momentum to the indispensable contribution of ammonia to current farming activities. The intrinsic correlation between requirements in food production and the usage of ammonia confirms the enduring contribution of agriculture to market dynamics.
Industrial and Chemical Applications on the Horizon:
Aside from its conventional role in farming, ammonia also plays extensive industrial and chemical process applications. It is an important intermediate in the manufacture of a vast range of chemicals, such as polymers, synthetic fibers, explosives, and drugs. Expansion of these downstream industries, fueled by overall economic growth and technological developments, drives the continuous demand for ammonia.
Additionally, ammonia's characteristics as a refrigerant and as a clean energy carrier are creating new opportunities for its use, further diversifying the landscape of its applications and driving market expansion beyond the conventional agricultural applications.
Growing Emphasis on Greener and Cleaner Ammonia Production:
The ammonia sector is under mounting pressure to shift to greener and cleaner production processes. Traditional production of ammonia through the Haber-Bosch process is energy-intensive and fossil fuel-dependent, leading to high carbon emissions. This has induced substantial research and development initiatives toward the production of green ammonia, which uses renewable resources like solar and wind to provide energy for electrolysis to generate hydrogen, one of the major inputs in ammonia production.
The increased interest in decarbonization and moving towards a cleaner energy future are projected to fuel the uptake of green ammonia technologies, changing the production scenario gradually and shaping long-term market trends.
By the IMARC Group, Some of the Top Competitive Landscape Operating in the Global Ammonia Market are Given Below:
• Achema AB
• BASF SE
• CF Industries Holdings Inc.
• Koch Industries Inc.
• Linde plc
• Nutrien Ltd
• OCI N.V.
• Orica Limited
• PJSC Togliattiazot
• Saudi Basic Industries Corporation
• Yara International ASA.
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Global Ammonia Market Trends:
The world ammonia market is going through a major change, marked by increasing importance on sustainability and investigation into new applications. One of the leading trends is the growing investment in and construction of green ammonia production plants. These initiatives will use renewable energy sources to manufacture ammonia with significantly lower or zero carbon emissions, in line with global decarbonization initiatives.
Another leading trend is the growing research and development into ammonia as a clean fuel for different industries, such as power generation and shipping. Its carbon-free combustion and high energy density make it a promising substitute for conventional fossil fuels. In addition, the evolution of catalyst technology is promoting more energy-efficient and cleaner ammonia production technologies. The market is also seeing greater cooperation and partnerships along the value chain to enable the use of sustainable ammonia production and utilization technologies.
Key Market Segmentation:
Breakup by Physical Form:
• Liquid
• Powder
• Gas
Breakup by Application:
• MAP and DAP
• Urea
• Nitric Acid
• Ammonium Sulfate
• Ammonium Nitrate
• Others
Breakup by End Use Industry:
• Agrochemical
• Industrial Chemical
• Mining
• Pharmaceutical
• Textiles
• Others.
Regional Insights:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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