Press release
Ammonia Market size to reach $254.3 Billion by 2045 | Key players include Yara International, CF Industries, Nutrien Ltd., OCI Global, BASF
Ammonia Market
Based on a consolidated global assessment, the ammonia market is estimated at USD 90.6 billion in 2025, rising to USD 254.3 billion by 2045. This translates to an aggregate growth rate of CAGR 5.2% from 2026-2045, underscoring steady expansion over the next two decades.
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Regional Performance Highlights
Asia Pacific is projected to dominate the market, holding a staggering 64.2% market share during the forecast period. This dominance reflects high agricultural demand, expanding industrial output, and accelerating adoption of ammonia as a hydrogen carrier and clean-energy feedstock across emerging economies.
North America is expected to grow at a 5.9% CAGR from 2026 to 2045, supported by growing investment in low-carbon ammonia infrastructure, renewed fertilizer demand, and regulatory support for decarbonization.
Europe is set to maintain stable, if modest, growth - driven by demand for both traditional ammonia derivatives and low-carbon/green ammonia as energy and chemical industries pivot toward sustainability.
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Market Segmentation
Within the ammonia market, the anhydrous ammonia segment is projected to command roughly 62.9% share through 2045. Anhydrous ammonia remains critical for fertilizer synthesis, industrial refrigeration, and nitrogen-based chemical intermediates.
Among application verticals, the fertilizer segment remains the single largest user - expected to account for about 60.2% of market share by 2045. However, evolving demand patterns are broadening ammonia usage across energy (as hydrogen carrier), shipping (marine fuel), and specialty chemicals.
Taken together, these metrics suggest that while agriculture continues to anchor ammonia demand, structural changes in energy, climate policy, and industrial practices will reshape the long-term composition and dynamics of the ammonia market.
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Top Market Trends
1. Commercialization of Green and Blue Ammonia- Green ammonia produced using renewable hydrogen and blue ammonia with carbon capture is transforming the industry's carbon profile. Governments in Japan, South Korea, Europe, and Australia have launched national ammonia strategies for energy transition. Major utilities are piloting ammonia co-firing in thermal power plants, while shipping lines are testing ammonia-powered vessels.
2. Ammonia as a Hydrogen Carrier- Ammonia's high hydrogen density and existing global infrastructure make it the preferred carrier for long-distance hydrogen transport. Unlike liquid hydrogen, ammonia can be transported using established tankers, pipelines, and terminals. This logistics advantage is accelerating adoption across export-driven hydrogen economies.
3. Maritime Decarbonization and Clean Shipping- The International Maritime Organization's net-zero targets are triggering a shift toward ammonia as a zero-carbon marine fuel. Several engine manufacturers and shipbuilders have unveiled ammonia-ready dual-fuel engines over the past year, signaling commercial readiness for large-scale fleet deployment.
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Recent Company Developments (Last 12 Months)
The ammonia market competitive landscape has intensified, with strategic investments, clean fuel partnerships, and infrastructure expansions shaping the industry.
1. Yara International: Yara expanded its green ammonia supply agreements across Europe and Japan, supporting shipping fuel pilots and renewable fertilizer production. The company also advanced its clean ammonia terminal infrastructure in Scandinavia.
2. CF Industries: CF Industries committed multi-billion-dollar investments toward blue ammonia production with carbon capture in North America. Strategic collaborations with major energy utilities are positioning CF as a clean fuel exporter.
3. Nutrien Ltd.: Nutrien focused on enhancing its low-carbon fertilizer portfolio, integrating emissions-reduction technologies across ammonia and nitrogen facilities.
4. OCI Global: OCI completed construction of major green ammonia export facilities linked to renewable hydrogen hubs, aimed at European energy and shipping markets.
5. BASF: BASF expanded ammonia cracking and hydrogen reuse technologies, strengthening circular economy integration across chemical production.
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https://www.linkedin.com/pulse/what-driving-growth-pyridine-derivatives-market-today-k3lzf/
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