Global Ammonia Market Size to Surpass USD 141.03 Billion at a CAGR of 5.8% Growth By 2034

According to the report, the global ammonia market size was valued at approximately USD 80.25 Billion in 2024 and is predicted to reach around USD 141.03 Billion by the end of 2034, expanding at a CAGR of around 5.8% from 2025 to 2034.

Apparently, expansion of ammonia market over ensuing years can be credited to rise in need of nitrogen fertilizer in farming sector for increasing crop yield. In addition to this, large-scale use of ammonia in metallurgical processes, household & industrial cleaning, and wastewater treatment will further prompt growth of ammonia market in coming years.

Browse the full “Ammonia Market By Product Form (Anhydrous Ammonia, Aqueous Ammonia), By Application (Fertilizers, Refrigerants, Pharmaceuticals, Textiles, Household Cleaning Products, Others), By End-user (Agriculture, Industrial, Commercial, Others), By Technology (Haber-Bosch Process, Electrolysis-based Production, Others), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034” Report at https://www.zionmarketresearch.com/report/ammonia-market

Rise in use of product in manufacturing explosives will expand scope of industry growth in upcoming years. Increase in production capacity and liberal government policies in emerging economies will characterize & catalyst growth of ammonia market in upcoming years. Furthermore, easy access to raw material costs and low costs associated with production of ammonia will proliferate size of ammonia industry.

Liquid Ammonia Market To Dominate Product Form Landscape By 2028

Growth of liquid ammonia segment over assessment period can be credited to humongous demand for product in farming activities as well as agrochemical sector to increase crop yield. In addition to this, liquid ammonia is massively preferred as refrigerant in array of industries. It is also prominently utilized in pharmaceuticals, thereby driving segmental surge.  

Fertilizer Segment To Make Notable Contributions Towards Market Size Over 2021-2028

Growth of fertilizer segment over forecast timespan can be ascribed to ammonia fertilizers being key source of nitrogen that are used in nitrogen fixation facilitating complete development of crop-yielding plants. Moreover, nearly more than 80% of ammonia manufactured is utilized in fertilizer for enhancing food production. Moreover, fertilizers are used for retaining soil productivity, thereby not only enhancing crop yield, but raising proportion of boron, zinc, and selenium elements in soil.

Asia Pacific To Account Majorly Towards Market Share By 2028

Expansion of regional market over forecast period can be credited agriculture being major occupation & source of income for countries such as China and India.  In addition to this, China is highest producer & exporter of rice, potatoes, and cotton to other countries while India is a major wheat exporter to other nations. This will promulgate regional market proceeds.

Ammonia Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the ammonia market on a global and regional basis.

The global ammonia market is dominated by players like:

• Huaqiang Chem Group
• Yara International
• China Petroleum & Chemical Corporation
• Shanxi Jinfeng Coal Chem
• CF Industries Holdings Inc
• BASF SE
• PotashCorp
• Rashtriya Chemicals & Fertilizers Ltd.
• China National Petroleum Corporation.

The global ammonia market is segmented as follows;

By Product Form

• Anhydrous Ammonia
• Aqueous Ammonia

By Application

• Fertilizers
• Refrigerants
• Pharmaceuticals
• Textiles
• Household Cleaning Products
• Others

By End-user

• Agriculture
• Industrial
• Commercial
• Others

By Technology

• Haber-Bosch Process
• Electrolysis-based Production
• Others

By Region

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

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