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The global ammonia market is expected to record a value of US$78.60 billion in 2026, growing at a CAGR of 5.59%, for the time period of 2022-2026. The factors such as growing demand for nitrogen, growing potentials of green ammonia as marine fuel, increasing demand for urea, increasing use of margarine, expansion of explosive industry and increasing demand for semiconductor would drive the growth of the market. However, the market growth would be challenged by higher initial capital requirements for green ammonia plant infrastructure and health effects of ammonia exposure. A few notable trends may include increasing manufacturing of pharmaceuticals, growing production of low-carbon hydrogen, upsurge in ammonia capacity and rising need for eco-friendly refrigerants.
The global ammonia market is highly competitive in nature and is currently witnessing constant price fluctuations. The industry is marked by the presence of global market players that are investing in the research & development activities for innovating new and developed processes. Owing to this, the adoption of ammonia is highly encouraged across various industries, which is accelerating the growth of the global ammonia market.
Scope of the report
- The report provides a comprehensive analysis of the global ammonia market
- The major regional markets (Asia Pacific, North America and Europe ROW), along with the country coverage of the U.S. have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The company profiles of leading players (BASF SE Nutrien, Yara International, Orica, CF Industries and OCI) are also presented in detail.
Key Target Audience
- Ammonia Manufacturers
- Raw Material Suppliers
- End Users (Agriculture, Chemical, Transportation, Mining)
- Consulting Firms
- Investment Banks
- Government Bodies & Regulating Authorities
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Table of Contents
Companies Mentioned
- OCI
- Orica
- CF Industries
- Yara International
- Nutrien
- BASF SE
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 85 |
| Published | April 2022 |
| Forecast Period | 2022 - 2026 |
| Estimated Market Value ( USD | $ 63.23 Billion |
| Forecasted Market Value ( USD | $ 78.6 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
