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Report Overview

The global ammonia market reached a volume of approximately 194.80 MMT in 2024. The market is assessed to grow at a CAGR of 1.90% in the forecast period of 2025-2034 to reach a volume of around 235.14 MMT by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • India was the top importer of ammonia in 2020, where imports were valued at USD 1.4 billion, followed by United States at USD 781 million and South Korea at USD 412 million.
  • In June 2024, price of ammonia per kilogram increased by 4.3% and 1.9% in North America and Europe.
  • In 2023, 191 million tonnes of ammonia was produced globally in the form of grey and brown ammonia, using natural gas and coal feedstocks respectively.

Ammonia Market Share

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.

 

Ammonia Market Report Snapshots

Ammonia Market Size

Ammonia Market Share

Ammonia Market Growth

Ammonia Market Trends

Ammonia Market Regional Analysis

Ammonia Companies

 

*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 2024, the ammonia market attained a volume of approximately 194.80 MMT.

The market is expected to grow at a CAGR of 1.90% between 2025 and 2034.

The market is assessed to reach almost 235.14 MMT by 2034.

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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