Ammonia Market
Report ID: SQMIG15B2092
Ammonia Market Size, Share, Growth Analysis, By Product(Aqueous Ammonia, and Anhydrous Ammonia), By Grade(Fertilizers (Urea, Ammonium Nitrate Composite, Ammonium Nitrate, Diammonium Phosphate)), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15B2092 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
94
|Figures:
73
Ammonia Market Insights
Ammonia Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 6.41% during the forecast period (2025-2032).
Ammonia is becoming popular since it has a wide range of applications and is a versatile compound. The various advantages offered by Ammonia are it is a cost-effective compound that is produced through renewable sources, has high energy density, and has a greater global demand.
It can be produced through renewable sources, such as biomass and renewable energy. This innovative method of ammonia production provides a sustainable and eco-friendly alternative to the conventional method of using natural gas, which is a finite resource that has been linked to environmental issues, such as greenhouse gas emissions and climate change. Producing ammonia from biomass and renewable energy involves using renewable resources, such as agricultural waste or solar and wind energy, to power the process of ammonia synthesis. This method not only reduces the dependence on non-renewable resources but also minimizes the carbon footprint and environmental impact associated with conventional ammonia production.
It is widely recognized as one of the most efficient and cost-effective sources of nitrogen fertilizer, which is a crucial nutrient required for plant growth. The affordability of ammonia fertilizer has made it a popular choice among farmers worldwide. In addition to its extensive use in agriculture, ammonia is also widely utilized in various industrial applications. The low cost of ammonia is mainly attributed to its abundant availability and cost-effective production process. Ammonia production can be achieved through various methods, including the Haber-Bosch process, which involves combining nitrogen and hydrogen gasses under high pressure and temperature. This process is relatively inexpensive compared to other nitrogen fertilizer production methods, such as the extraction of nitrogen from the atmosphere. Apart from agriculture, ammonia is also used in several industrial applications, such as refrigeration, plastics, and pharmaceuticals. The low cost of ammonia makes it an attractive option for industrial production, especially in developing countries, where there is a growing demand for cost-effective raw materials.
US Ammonia Market is poised to grow at a sustainable CAGR for the next forecast year.
To get more reports on the above market click here to Buy The Report
Ammonia Market Segmental Analysis
Global Ammonia Market is segmented by product, application, and region. Based on product, the market can be segmented into Aqueous Ammonia and Anhydrous Ammonia. Based on application, the market is segmented into Fertilizers (Urea, Ammonium Nitrate Composite, Ammonium Nitrate, Diammonium Phosphate), Refrigerants, Pharmaceuticals, Textile, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Ammonia Market Analysis by Application
The ammonia market is largely dominated by the agricultural sector, as ammonia is a crucial raw material in the manufacturing of nitrogen fertilizers. These fertilizers are extensively used in agriculture to enhance crop yield and quality.
However, ammonia is also gaining significant attention as a fast-growing application segment in the market, as it is being explored as a potential energy carrier. Given the rising demand for clean energy sources, ammonia is being considered due to its high energy density and convenient transportation and storage. The market is witnessing considerable progress in the development of energy production technologies based on ammonia, which is expected to accelerate the growth of the ammonia market in the near future.
To get detailed analysis on other segments, Request For Free Sample Report
Ammonia Market Regional Insights
Globally, The Asia-Pacific region holds a dominant position in the global ammonia market, owing to its high demand for fertilizers and industrial applications.
On the other hand, the Middle East and Africa are projected to be the fastest-growing regions in the ammonia market, primarily driven by the rising use of ammonia in the agricultural sector and the surging demand for nitrogen fertilizers.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Ammonia Market Dynamics
Ammonia Market Drivers
Increasing Energy Production is Boosting Market Growth
- The potential use of ammonia as an energy carrier is on the rise, primarily because of its high energy density and ease of transportation and storage. As renewable energy sources are becoming increasingly popular, the development of energy production technologies based on ammonia is being driven forward. this demand for ammonia for various industrial applications and energy. This increasing demand of ammonia in energy production and various applications will drive growth of the market.
Ammonia Market Restraints
Safety Concerns to Hinder Market Growth
- The market growth of ammonia can be limited by safety concerns due to its hazardous and corrosive nature, which requires special handling and storage. The transportation, storage, and handling of ammonia can pose significant safety risks, leading to increased regulations and higher production costs, thereby hindering the growth of the ammonia market.
Request Free Customization of this report to help us to meet your business objectives.
Ammonia Market Competitive Landscape
The ammonia market features a highly competitive landscape, with numerous players operating in the industry. Dominated by large multinational corporations with an established global presence and wide distribution networks, these players possess significant expertise in manufacturing and marketing ammonia-based products. To maintain a competitive edge in the market, these companies continue to invest heavily in research and development activities to improve their product portfolio.
Alongside established players, emerging companies are expanding their presence in the market by offering innovative ammonia-based products at competitive prices. They are also investing in research and development to streamline their production processes, reduce costs, and improve product quality.
In this fiercely competitive market, companies compete based on various factors such as product quality, pricing, innovation, and distribution networks. As demand for ammonia-based products continues to grow, companies are focused on expanding their market reach by forming strategic partnerships and alliances, collaborating with other players, and pursuing mergers and acquisitions to expand their market share.
Ammonia Market Top Player’s Company Profiles
- EuroChem Group AG
- Nutrien Ltd.
- Koch Industries, Inc.
- SABIC
- Mitsubishi Chemical Corporation
- Shanxi Jinfeng Coal Chemical Co., Ltd.
- PJSC Acron
- Grupa Azoty S.A.
- Qatar Fertilizer Company (QAFCO)
- Agrium Inc.
- GSFC Ltd.
- PotashCorp
- Togliattiazot JSC
- Orica Limited.
Ammonia Market Recent Developments
- In August 2022, The Triangular merger of Yara's Clean Ammonia business into Yara Clean Ammonia completed.
Ammonia Key Market Trends
- A significant trend in the ammonia market is the increasing demand for ammonia as a fertilizer. Ammonia is a vital source of nitrogen for plants, and its high nitrogen content is essential for plant growth. With the rising demand for food, there is a growing need for efficient and effective fertilizers like ammonia to increase crop yield and quality. As a result, the ammonia market is expected to witness substantial growth in the coming years.
Ammonia Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
After analyzing the global Ammonia market, we anticipate significant growth during the forecast period. Ammonia is a cost-effective compound that is produced through renewable sources and has a high energy density, leading to a growing market and greater global demand.
Additionally, ammonia's potential as an energy carrier is on the rise, thanks to its ease of transportation and storage. The development of energy production technologies based on ammonia is being driven forward, especially as renewable energy sources gain popularity. However, it's important to note that the market growth of ammonia may be limited by safety concerns due to its hazardous and corrosive nature. Special handling and storage are necessary to mitigate these risks.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 71.99 billion |
| Market size value in 2030 | USD 125.85 billion |
| Growth Rate | 6.41% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Ammonia Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Ammonia Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Ammonia Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ammonia Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ammonia Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ammonia Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
