Growing Fertilizer Industry Boosts Demand For Ammonia As Essential Nutrient For Plant Growth: Pivotal Factor Influencing Ammonia Market Growth in 2025

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Ammonia Market Size Growth Forecast: What to Expect by 2025?
There has been significant growth in the size of the ammonia market in the last few years. The market, which was valued at $79.13 billion in 2024, is expected to increase to $85.57 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%. The historic growth of the market can be linked to factors such as agricultural needs, a growing population, energy and power generation, and chemical production.

How Will the Ammonia Market Size Evolve and Grow by 2029?
The ammonia market is projected to enjoy robust growth in the coming years, with an estimated value of $124.86 billion by 2029 and a compound annual growth rate (CAGR) of 9.9%. The anticipated growth during the forecast period could be due to factors such as the growth of the hydrogen economy, the advent of renewable energy, carbon capture and storage (ccs), and the transition to clean energy. Key trends expected during this period encompass green ammonia production, the use of ammonia as a hydrogen carrier, applications of ammonia for energy storage, hydrogen fuel cell vehicles, sustainable fertilizer production, green shipping, usage of ammonia for carbon capture, its role in pharmaceuticals, and advancements in ammonia sensors and monitoring.

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What Drivers Are Propelling the Growth of Ammonia Market Forward?
The expansion of the fertilizer industry is playing a significant role in driving the growth of the ammonia market. Ammonia forms a key component of the ammonium nitrate fertilizer that aids in the release of nitrogen, a vital nutrient for the propagation of plants, including agricultural crops and grass. The swift expansion of the fertilizer industry prompts a higher utilization of ammonia, seeing as it serves a crucial role in the production of fertilizers. To illustrate, a UK-based trade association representing the agri-supply industry, The Agricultural Industries Confederation, reported that in England & Wales, nitrogen usage rose to 687 thousand tonnes in 2022 from 692 thousand tonnes in 2023. Consequently, the advancing fertilizer industry fuels the growth of the ammonia market.

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Which Emerging Trends Are Transforming the Ammonia Market in 2025?
Leading corporations in the ammonia industry are concentrating their efforts on the creation of progressive biomass-balanced products in order to fulfill the rising need for eco-friendly agrarian solutions. These biomass-balanced products, acting as fertilizers and chemicals, offer a greener substitute to conventional methods. Frequently, these products acquire certifications underlining their environmentally responsible qualities, guiding consumers and businesses in choices that better support a circular economy. For instance, BASF SE, a chemical company based in Germany, launched a series of biomass-balanced products in May 2024, including ammonia anhydrous BMBcert, ammonia solution 24.5% BMBcert, urea powder BMBcert, and urea solutions 40% BMBcert and 45% BMBcert. Ammonia Anhydrous BMBcert from BASF is an ISCC PLUS-certified biomass-balanced product which notably cuts emissions and enhances sustainability practices. The ammonia solution 24.5% BMBcert delivers a decreased carbon footprint with its biomass-balanced composition. Urea Prills BMBcert offers a method for customers to cut back scope 3 emissions while the urea solutions (40% and 45%) give viable biomass-balanced alternatives to assist in the realization of sustainability objectives and decrease the overall carbon influence.

What Are the Key Segments in the Ammonia Market?
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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Who Are the Key Players Shaping the Ammonia Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Ammonia Market?
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.

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