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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Companies in the Ammonia Market
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.
Ammonia Market Report Snapshots
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.*
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Key Questions Answered in the Report
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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