The global market for Ammonia was estimated at US$86.0 Billion in 2024 and is projected to reach US$127.5 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Ammonia market.
The demand for ammonia is primarily driven by the global agricultural sector. As the population continues to grow, there is an escalating need for enhanced agricultural yields to produce sufficient food, which directly increases the demand for nitrogen-based fertilizers. Moreover, ammonia is a critical ingredient in the production of explosives and plastics, further broadening its industrial utility. Recent developments have also positioned ammonia as a potential clean energy source, particularly in the form of ammonia fuel cells and for the storage and transportation of hydrogen. Hydrogen, when bound in ammonia, is more stable and easier to transport than in its pure form, making ammonia a key component in the emerging hydrogen economy.
The growth in the ammonia market is driven by several factors, including the intensifying global demand for agricultural fertilizers, advancements in technologies for ammonia synthesis, and the evolving role of ammonia in green energy solutions. Enhanced efficiency and reduced carbon footprint in ammonia production are becoming increasingly crucial due to stricter environmental regulations and the shift towards sustainable industrial practices. Innovations such as the electrolysis of water to produce hydrogen using renewable energy sources instead of natural gas, and the subsequent synthesis of green ammonia, are paving the way for cleaner production methods. Additionally, the potential of ammonia as a zero-emission fuel in power generation and marine transport is gaining traction, reflecting broader efforts to decarbonize various sectors.
Global Ammonia Market - Key Trends and Drivers Summarized
Ammonia is a compound of nitrogen and hydrogen with the formula NH3, commonly used as a fertilizer and as a commercial refrigerant. This colorless gas is a pivotal component in the production of ammonium nitrate, urea, and other chemicals essential for agricultural and industrial processes. In its refrigerant form, ammonia is prized for its effectiveness and environmental benefits, particularly its zero contribution to ozone depletion and global warming potential compared to conventional refrigerants. It is a foundational building block for the synthesis of various nitrogen-containing compounds, particularly fertilizers such as urea, ammonium nitrate, and ammonium sulfate, which are crucial for agricultural productivity. Ammonia is produced industrially by the Haber-Bosch process, which combines nitrogen from the air with hydrogen derived mainly from natural gas (methane) under high pressure and temperature in the presence of a catalyst. This method has historically been energy-intensive and is one of the largest industrial contributors to CO2 emissions globally. Besides its significant role in agriculture, ammonia is also utilized in commercial refrigeration systems due to its high energy efficiency and minimal environmental impact in terms of ozone depletion and global warming potential.The demand for ammonia is primarily driven by the global agricultural sector. As the population continues to grow, there is an escalating need for enhanced agricultural yields to produce sufficient food, which directly increases the demand for nitrogen-based fertilizers. Moreover, ammonia is a critical ingredient in the production of explosives and plastics, further broadening its industrial utility. Recent developments have also positioned ammonia as a potential clean energy source, particularly in the form of ammonia fuel cells and for the storage and transportation of hydrogen. Hydrogen, when bound in ammonia, is more stable and easier to transport than in its pure form, making ammonia a key component in the emerging hydrogen economy.
The growth in the ammonia market is driven by several factors, including the intensifying global demand for agricultural fertilizers, advancements in technologies for ammonia synthesis, and the evolving role of ammonia in green energy solutions. Enhanced efficiency and reduced carbon footprint in ammonia production are becoming increasingly crucial due to stricter environmental regulations and the shift towards sustainable industrial practices. Innovations such as the electrolysis of water to produce hydrogen using renewable energy sources instead of natural gas, and the subsequent synthesis of green ammonia, are paving the way for cleaner production methods. Additionally, the potential of ammonia as a zero-emission fuel in power generation and marine transport is gaining traction, reflecting broader efforts to decarbonize various sectors.
SCOPE OF STUDY:
The report analyzes the Ammonia market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Product Form (Liquid, Gas, Powder); Application (Fertilizers, Refrigerants, Pharmaceuticals, Textile, Other Applications)
- Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Liquid segment, which is expected to reach US$67.6 Billion by 2030 with a CAGR of a 8.0%. The Gas segment is also set to grow at 5.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $10.5 Billion in 2024, and China, forecasted to grow at an impressive 8.4% CAGR to reach $33.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Ammonia Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Ammonia Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Ammonia Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as BASF SE, Asahi Kasei Corporation, Air Liquide SA, Dakota Gasification Company, Acron Group and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 122 companies featured in this Ammonia market report include:
- BASF SE
- Asahi Kasei Corporation
- Air Liquide SA
- Dakota Gasification Company
- Acron Group
- Airgas, Inc.
- Chemtrade Logistics
- Casale S.A.
- A-Gas International
- BOC Limited
- Air Products Inc.
- Clear Air Energy
- CSBP Limited
- Atmonia
- Euro Tsa S.R.L.
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- Asahi Kasei Corporation
- Air Liquide SA
- Dakota Gasification Company
- Acron Group
- Airgas, Inc.
- Chemtrade Logistics
- Casale S.A.
- A-Gas International
- BOC Limited
- Air Products Inc.
- Clear Air Energy
- CSBP Limited
- Atmonia
- Euro Tsa S.R.L.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 496 |
Published | June 2025 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 86 Billion |
Forecasted Market Value ( USD | $ 127.5 Billion |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |