Ammonia Market, By Product Form (Liquid, Gas and Powder), By Application (Fertilizers, Refrigerants, Pharmaceuticals, Textile and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Introduction:

Ammonia Market was valued at US$ 238 Billion in 2024 and is projected to grow at a CAGR of 6.10% to reach US$ 407.5 Billion by 2034.

Ammonia is a colorless gas highly soluble in water with a distinct pungent odor. It occurs naturally throughout the surroundings in the air, soil and water and in plants and animals, as well as humans. The human body produces ammonia as by product when the body breaks down foods containing protein into amino acids and ammonia, and then converting the ammonia into urea. Ammonia is very crucial for many biological processes as it serves as a precursor for the amino acid and nucleotide synthesis. Ammonia is a basic building block for ammonium nitrate fertilizer that releases nitrogen, an essential nutrient for growing plants. Ammonia is also used in pharmaceuticals, mining, pulp & paper, fiber and plastic industries. 

Increasing the demand for ammonium nitrate fertilizers

The growing demand for ammonium nitrate fertilizers in the agriculture sector is a major driving force for the growth of the global ammonia market. Further, ammonia is used as a raw material for the preparation of nitric acid which is used in the formation of plastics and fertilizers which is another factor that is helping to flourish the target market. Moreover, refrigeration is another important use of ammonia which helps for food preservation and act as a cold storage, supporting the growth of global ammonia market. For instance, according to World Health organization, in June 2019, An estimated 600 million people which accounts to almost 1 in 10 people in the world fall ill after eating contaminated food due to which 420 000 die every year. It almost results in the loss of 33 million healthy life years. In addition, ammonia is also used in the food and beverage industry for a source of nitrogen to yeast and microorganisms which can further propel the global ammonia market. For instance, according to Food and beverage Statistics worldwide, the number of users in the food and beverage segment has increased form 1,474.8 Mn in the year 2017 to 1,802.1 Mn in the year 2019 and is expected to increase to 2,478.0 Mn in the year 2023. Furthermore, ammonia is also used in the wastewater treatment plants for various applications such as for pH control, to produce portable water in conjugation with chlorine, etc. which also helps to dwell the global ammonia market. However, fluctuation in the price of natural gas from which ammonia is prepared is a key factor that restrains the growth of the global ammonia market.

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

This report segments the global ammonia market on the basis of product form, application and region.

On the basis of product form, the target market is bifurcated into gas, liquid, and powder. On the basis of application, the global ammonia market is divided into fertilizers, refrigerants, pharmaceuticals, textile and others.

Regional Insights:

The Ammonia Market was valued at US$ 238 Billion in 2024 and is projected to grow at a CAGR of 6.10% to reach US$ 407.5 Billion by 2034. For detailed understanding of market dynamics, the global ammonia market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. The market in Asia Pacific dominates the global ammonia market in terms of revenue over the other regions. This is due to an increased demand for ammonia-based fertilizers with a high production and consumption rate especially in China. The market in North America is expected to account for second-highest share in the target market, as there is an increased demand for the sustainable agricultural methods, owing to rise in the demand for organic fertilizers in various countries such as U.S. in this region

Report Scope:

Attribute	Details
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Million & CAGR from 2024 – 2034
Market Segmentation	By Product- Liquid, Gas, Powder By Application– Fertilizers, Refrigerants, Pharmaceuticals, Textile, Others
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the global ammonia kits market report based on product, application, and region.

Global Ammonia Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

Some of the prominent players operating in the ammonia market include BASF SE, Agrium, Inc., Koch Nitrogen Company, CF Industries, Inc., Potash Corporation of Saskatchewan, Inc., Rashtriya Chemicals & Fertilisers Ltd., Shandong Lianmeng Chem Group, Koch Industries and Eurochem. Technological advancements in the product and strategic partnerships are some trends witnessed in the global ammonia market. For instance, in August 2018, EFT Analytics, structured a real-time monitor that gave exceptional outcomes at a Koch Fertilizer plant in Enid, Oklahoma. EFT joined forces with plant engineers from Koch to increase plant efficiencies over the next 10 weeks’ time frame. Further, in 2019, Nutrien Ltd. declared the merger of equals between Agrium Inc. and Potash Corporation of Saskatchewan Inc. which is the provider of crop inputs and services.

• BASF SE
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Agrium, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Koch Nitrogen Company
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• CF Industries, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Potash Corporation of Saskatchewan, Inc. 
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Rashtriya Chemicals & Fertilisers Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Shandong Lianmeng Chem Group
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
•  Koch Industries
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Eurochem
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

 

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
   • PORTER’s
   • Investment Outlook
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for Ammonia Strategies
     • Key Questions this Study will Answer

     • • By Product Form (Liquid, Gas and Powder)

       • By Application (Fertilizers, Refrigerants, Pharmaceuticals, Textile and Others)

       • By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Overview
   • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
   • Y-o-Y Growth Analysis (%), 2020 – 2030
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:

1. • • North America (U.S., Canada)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
   • Competitive Overview
   • Competitive Benchmarking
   • Market Share Analysis
   • Key Developments In The Global Ammonia Market
   • Key Developments: Mergers & Acquisitions
   • Key Developments: Collaboration
   • Key Developments: Contracts & Agreements
   • Key Developments: Expansion
   • Key Developments: Product Developments
2. Company Profiles

 

• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• SWOT Analysis

• • Bloomberg LP
  • BASF SE
  • Agrium, Inc.
  • Koch Nitrogen Company
  • CF Industries, Inc.
  • Potash Corporation of Saskatchewan, Inc.
  • Rashtriya Chemicals & Fertilisers Ltd.
  • Shandong Lianmeng Chem Group
  • Koch Industries, Inc.
  • EuroChem Group AG

1. The Last Word
   • Future Impact
   • About Us
   • Contact

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