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The global ammonia market reached a volume of approximately 194.8 MMT in 2023. The market is assessed to grow at a CAGR of 1.90% in the forecast period of 2024-2032 to reach a volume of around 218.3 MMT by 2032.
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Ammonia refers to a gas with the chemical formula of NH3, and it is a combination of nitrogen and hydrogen. The characteristics of ammonia include a colourless appearance, pungent smell, and dissolution in water to offer an alkaline solution. The gas does not contribute to ozone depletion, global warming or other environmental impacts when released into the atmosphere, therefore is considered an environmentally friendly refrigerant. It has a very limited atmospheric lifetime and so is biodegradable.
The ammonia market outlook look promising as the total production capacity is expected to increase from 238 million metric tonnes per annum in 2022 to 311 million metric tonnes by 2030, driven by over 100 new ammonia plants in development. Furthermore, ammonia is widely used as a fertiliser in agricultural sector. With the high rate of population growth worldwide, there is increased pressure on farmers everywhere to significantly increase agricultural output to keep up with the rising demand for various types of grain and food crops. This necessitates a substantial amount of fertiliser, which is produced using ammonia.
Government schemes to boost green ammonia production, increasing use as a refrigerant, and growing usage of ammonia in multiple end-use sectors are factors supporting the ammonia market expansion
June 2024
AM Green has secured CertifHy EU RFNBO pre-certification for its green ammonia project in Kakinada, India. The project aims to increase production capacity to five million tonnes per annum of green ammonia by 2030, equivalent to one million tonne per annum of hydrogen.
June 2024
Amogy and Plastic 2 Green have partnered to develop ammonia energy solutions. This partnership is expected to accelerate the adoption of ammonia energy solutions globally.
June 2024
Sembcorp Green Hydrogen Pte Ltd, a Singaporean company, has signed a Heads of Terms (HoT) with Sojitz Corporation and Kyushu Electric Power Co Inc. to export green ammonia from a plant in India to Japan, which will export 200,000 metric tonnes of green ammonia annually.
March 2023
Casale SA signed an agreement with Ferkensco Management Limited and Enter Engineering Pte to construct an ammonia-based fertiliser plant in Uzbekistan. The plant is expected to produce 495,000 tonnes of ammonia per year and will be completed by the first half of 2025.
Growing usage of ammonia in multiple end-use sectors
The rising usage of ammonia in various end-use sectors, such as agriculture, textile, mining, pharmaceutical, and refrigeration, is one of the key trends driving ammonia market growth. For instance, ammonia is predominantly used as a nitrogenous fertiliser in agriculture due to its higher solubility than organic fertilisers.
Favourable government schemes to boost green ammonia production
The government initiatives to boost the production of green ammonia and ensure the environmentally sustainable energy security of the countries are likely to aid the ammonia market development. Green ammonia, produced using renewable energy sources like solar, wind, or hydroelectric power have a lower carbon footprint.
Strategic initiatives by market players to promote clean ammonia
By shifting towards clean ammonia, countries with limited fossil fuel resources can reduce their reliance on imported crude oil and natural gas, enhancing their energy security. Technological advancements in electrolysis have also made the production of clean ammonia more feasible and cost-effective. In May 2023, Nutrien Ltd. evaluated the Geismar, LA site to construct the world’s largest clean ammonia facility.
Direct emissions from ammonia production amount to 450 Mt CO2, and indirect emissions are around 170 Mt CO2 per year. This is rising the demand for low-carbon green ammonia, produced using green hydrogen and water electrolysis. Moreover, government policies like the Inflation Reduction Act in the US and carbon pricing mechanisms in Europe are expected to improve the economics of green ammonia. As per industry reports, over 10 million tonnes of new green ammonia production capacity has been announced in the last year, which can augment overall ammonia market growth.
Additionally, the restriction on chlorine and fluorine-containing refrigerants is resulting in the rising utilisation of ammonia as a refrigerant in food preservation and air-conditioning processes, which is further increasing the market growth. Moreover, there is an increased adoption of ammonia as a zero-carbon fuel by the maritime sector to replace the use of fossil fuels in marine engines. A study conducted by Sphera in June 2024, commissioned by the Society for Gas as a Marine Fuel, has found that using ammonia as a marine fuel can reduce greenhouse gas emissions by up to 61%, which can help meet International Maritime Organisation's (IMO) GHG reduction targets.
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The EMR’s report titled “Ammonia Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by End Use
Market Breakup by Region
Agriculture, textile, mining, pharmaceutical, and refrigeration are the major end uses in the market
The agriculture sector occupies a significant portion of the market share. There is a rising injection of ammonia directly into the soil using tractor-drawn knives and shanks to place it below the soil surface and avoid its release in vapour form. It binds the air-borne nitrogen, which is an essential crop nutrient. Thus, ammonia gas plays a critical role in crop production. Also, it is used to produce urea, a protein source in livestock feeds. Moreover, it is used as an antifungal agent on certain fruits, pre-harvest cotton defoliant, and as a preservative for storing high-moisture corn.
In the textile sector, ammonia is utilised for dyeing cotton, wool, and silk. It also serves as a catalyst in the production of synthetic resins and fibres, such as acrylic fibres. As per ammonia market analysis, the mining sector uses ammonia to extract minerals like copper, molybdenum, and nickel from their ores. The pharmaceutical sector leverages ammonia in drug production, particularly for drugs that prevent bacterial growth. It's also used in clinical settings as a stimulant to avoid fainting.
Liquid and gas are the different types of ammonia in the market, both having equal market share
Liquid ammonia segment in ammonia market report, is a nonaqueous ionising solvent that is obtained by compressing gaseous ammonia. It has a low melting point and acts as a better solvent for organic compounds. It is safe to handle and avoids the hazards that are associated with the use of gaseous ammonia. On the other hand, gaseous ammonia is a non-flammable gas that is commonly used as a refrigerant in various applications owing to its energy efficiency and low cost.
Market players are focused on sustainable production and strategic investments for market expansion
Yara International ASA is based in Oslo, Norway and was founded in 1905 as Norsk Hydro. It later de-merged as Yara International ASA in 2004. It offers nitrogen-based mineral fertilisers and has operations in more than 60 countries and sells its products to about 150 countries around the world.
CSBP Limited was founded in 1910 and is headquartered in Kwinana, Western Australia. It is the largest global supplier of explosive-grade ammonium nitrate. The company also manufactures ammonia, delivers fertilisers, and nutritional management solutions to growers.
CF Industries Holdings, Inc. is a leading global fertiliser company that was founded in 1946 and is headquartered in Illinois, United States. The company produces and distributes nitrogen and phosphate fertilisers, with operations in the United States, Canada, and Europe.
Koch Fertilizer, LLC was founded in 1989 and is headquartered in Kansas, United States. It offers a full line of fertilisers designed to boost crop performance. Company’s product portfolio includes ammonia, urea, UAN, phosphate, potash, and sulfur-based products.
Other key players in the global ammonia market include GROUP DF, CASCALE SA, OCI N.V., Acron Group, BASF SE, SABIC, Indian Farmers Fertiliser Cooperative (IFFCO), and Nutrien Ltd, among others.
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Asia-Pacific Region is expected to dominate the market due to increasing demand and availability of low-cost feedstock
The Asia Pacific is one of the leading markets, owing to the increasing agricultural activities and the adoption of ammonia-based fertilisers in the region. Additionally, the government initiatives to ensure green ammonia for the environmentally sustainable energy security of the APAC countries are likely to aid the ammonia market share in the region. For instance, in February 2023, the Government of India notified the Green Ammonia Policy, which is a major policy enabler for producing green ammonia using renewable sources of energy to offer clean fuel.
Meanwhile, the initiatives taken by the market players in decarbonising ammonia production facilities by 2030 are expected to aid the market expansion in Europe. In February 2021, Copenhagen Infrastructure Partners, along with A.P. Moller-Maersk, announced plans to establish the Power-to-X facility, Europe’s largest production facility of green ammonia. The green ammonia produced by the facility will be used as a green fertiliser by the agricultural sector and as a sustainable fuel by the shipping sector.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Trade Data Analysis |
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Price Analysis |
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Competitive Landscape |
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Companies Covered |
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Ammonia Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ammonia Market Analysis
8.1 Key Industry Highlights
8.2 Global Ammonia Historical Market (2018-2023)
8.3 Global Ammonia Market Forecast (2024-2032)
8.4 Global Ammonia Market by Type
8.4.1 Liquid
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Gas
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Ammonia Market by End Use
8.5.1 Agriculture
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Textile
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Mining
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Pharmaceutical
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Refrigeration
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Ammonia Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Ammonia Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Ammonia Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Ammonia Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Ammonia Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Ammonia Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Yara International ASA
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 CSBP Limited
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 CF Industries Holdings, Inc.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Koch Fertilizer, LLC
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 GROUP DF
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 CASCALE SA
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 OCI N.V.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Acron Group
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 BASF SE
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 SABIC
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Indian Farmers Fertiliser Cooperative (IFFCO)
18.2.11.1 Company Overview
18.2.11.2 Product Portfolio
18.2.11.3 Demographic Reach and Achievements
18.2.11.4 Certifications
18.2.12 Nutrien Ltd
18.2.12.1 Company Overview
18.2.12.2 Product Portfolio
18.2.12.3 Demographic Reach and Achievements
18.2.12.4 Certifications
18.2.13 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ammonia Market: Key Industry Highlights, 2018 and 2032
2. Global Ammonia Historical Market: Breakup by Type (MMT), 2018-2023
3. Global Ammonia Market Forecast: Breakup by Type (MMT), 2024-2032
4. Global Ammonia Historical Market: Breakup by End Use (MMT), 2018-2023
5. Global Ammonia Market Forecast: Breakup by End Use (MMT), 2024-2032
6. Global Ammonia Historical Market: Breakup by Region (MMT), 2018-2023
7. Global Ammonia Market Forecast: Breakup by Region (MMT), 2024-2032
8. North America Ammonia Historical Market: Breakup by Country (MMT), 2018-2023
9. North America Ammonia Market Forecast: Breakup by Country (MMT), 2024-2032
10. Europe Ammonia Historical Market: Breakup by Country (MMT), 2018-2023
11. Europe Ammonia Market Forecast: Breakup by Country (MMT), 2024-2032
12. Asia Pacific Ammonia Historical Market: Breakup by Country (MMT), 2018-2023
13. Asia Pacific Ammonia Market Forecast: Breakup by Country (MMT), 2024-2032
14. Latin America Ammonia Historical Market: Breakup by Country (MMT), 2018-2023
15. Latin America Ammonia Market Forecast: Breakup by Country (MMT), 2024-2032
16. Middle East and Africa Ammonia Historical Market: Breakup by Country (MMT), 2018-2023
17. Middle East and Africa Ammonia Market Forecast: Breakup by Country (MMT), 2024-2032
18. Major Importing Countries by Value
19. Major Exporting Countries by Value
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Global Ammonia Market Structure.
In 2023, the ammonia market attained a volume of approximately 194.8 MMT.
The market is expected to grow at a CAGR of 1.90% between 2024 and 2032.
The market is assessed to reach almost 218.3 MMT by 2032.
The major drivers of the market include the rising application of ammonia in the production of fertilisers, increasing food demands, escalating eco-consciousness, awareness about the importance of cleanliness and hygiene, ability to absorb substantial amounts of heat from its surroundings, and need to reduce dependency on fossil fuels.
Key trends aiding market expansion include the increasing utilisation in various end-use sectors, favourable government initiatives, and the rising production of green ammonia.
Ammonia can be an environment-friendly alternative to other fuels in the shipping and aviation sector as it can reduce the emissions.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The green ammonia refers to the ammonia production that is renewable and carbon-free, using nitrogen from the air and hydrogen from water electrolysis.
The various end uses of ammonia include agriculture, textile, mining, pharmaceutical, and refrigeration, among others.
Key players in the market are Yara International ASA, CSBP Limited, CF Industries Holdings, Inc., Koch Fertilizer, LLC, GROUP DF, CASCALE SA, OCI N.V., Acron Group, BASF SE, SABIC, Indian Farmers Fertiliser Cooperative (IFFCO), and Nutrien Ltd, among others.
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