Ammonia Market

Global ammonia market has witnessed significant growth at an exponential rate in the near future. Ammonia has a wide range of applications across various end use industries including agricultural, refrigeration, industrial chemicals, and others. Increasing demand from agricultural sector for ammonia based fertilizers is driving the market growth. Ammonia acts as a building block for the production of numerous nitrogen-containing compounds which are further used across many industries like plastics, dyes and pharmaceuticals. Growing food demand owing to rising global population coupled with expansion of agricultural activities in emerging nations are propelling the demand for ammonia over the forecast period.

Market Dynamics:

This market is driven by factors such as rising consumption from agricultural sector, increasing demand for nitrogenous fertilizers and growing food demand. Ammonia is a chief nitrogenous fertilizer which finds widespread application in production of urea, ammonium nitrate, and other nitrogen-based fertilizers to increase crop yield. According to the Food and Agriculture Organization (FAO) of the United Nations, a specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security, global fertilizer consumption needs to be doubled by 2050 to meet growing food demand of rising population. This, in turn, is anticipated to significantly fuel the ammonia consumption over next decade. However, stringent environmental regulations regarding greenhouse gas emissions from ammonia production plants and fluctuating natural gas prices are expected to restrain the market growth. Development of advanced production technologies in ammonia to reduce greenhouse emissions and growing demand for hybrid fertilizers presenting new opportunities.

Key features of the study:

• This report provides in-depth analysis of the global ammonia market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key market players.
• It profiles key players in the global ammonia market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Yara International ASA, BASF SE, CF Industries Holdings, Inc., Nutrien Ltd., Potash Corporation of Saskatchewan Inc., Dangyang Huaqiang Chemical Co., Ltd., Shanxi Jinfeng Coal Chemical Co Ltd., GTS Chemical Holdings plc.,Togliattiazot, OCI Nitrogen B.V., Agrium Inc., Sabic, and Koch Fertilizer, LLC among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• This market report caters to various stakeholders in the global ammonia market including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ammonia market.

Detailed Segmentation:

• By Form
  • Liquid
  • Gas
  • Powder
• By Application
  • Fertilizers
  • Refrigerants
  • Cleansing Agents
  • Explosives
• By End Use Industry
  • Agriculture
  • Pharmaceutical
  • Textile
  • Chemical
  • Plastics
  • Pulp and Paper
  • Others (Mining, Water Treatment, etc.)
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Top Companies in this Market
  • Yara International ASA
  • BASF SE
  • CF Industries Holdings, Inc.
  • Nutrien Ltd.
  • Potash Corporation of Saskatchewan Inc.
  • Dangyang Huaqiang Chemical Co., Ltd.
  • Shanxi Jinfeng Coal Chemical Co Ltd.
  • GTS Chemical Holdings plc.
  • Togliattiazot
  • OCI Nitrogen B.V
  • Agrium Inc.
  • Sabic
  • Koch Fertilizer, LLC