Ammonia Market Size, Share, Trends & Forecast | 2034

Ammonia Market Outlook

According to the report by Expert Market Research (EMR), the global ammonia market size reached a value of 194.80 MMT in 2024. With the increasing demand for fertilizers, growing industrial applications, and rising global population, the market is projected to grow at a compound annual growth rate (CAGR) of 1.90% between 2025 and 2034, reaching a value of 235.14 MMT by 2034.

Ammonia, a colorless gas with a pungent odor, plays a pivotal role in various industrial sectors, particularly in agriculture, where it is a key component in nitrogen-based fertilizers. It is also widely used in the production of chemicals, textiles, and plastics, as well as serving in refrigeration systems. Due to its significance in feeding the world’s growing population, ammonia has become a critical industrial chemical. Additionally, its uses in refrigeration, water treatment, and other industrial processes further solidify its demand across multiple sectors.

The growing demand for food production, particularly in emerging economies, coupled with increasing technological advancements in ammonia production processes, is expected to support the market’s expansion. Furthermore, the shift towards more sustainable practices in ammonia production, including green ammonia, is anticipated to shape the future of the industry.

Get a Free Sample Report with Table of Contents@https://www.expertmarketresearch.com/reports/ammonia-market/requestsample

Key Factors Driving Market Growth

Increasing Demand for Fertilizers in Agriculture: The largest segment driving the global ammonia market is the agricultural sector, where ammonia is primarily used to produce nitrogen-based fertilizers, such as urea, ammonium nitrate, and ammonium sulfate. With the global population expected to surpass 9 billion by 2050, the demand for food production is at an all-time high. Nitrogen fertilizers, derived from ammonia, are essential in improving crop yields, ensuring food security, and supporting the needs of modern agriculture.

In particular, regions like Asia Pacific and Africa, with their large agricultural bases and fast-growing populations, are seeing an increased demand for fertilizers to improve soil productivity and achieve higher agricultural output. The push for higher crop yields, combined with advancements in fertilizer application techniques, is expected to continue to drive ammonia demand, particularly in developing nations.

Industrial Applications Driving Market Growth: Apart from its use in fertilizers, ammonia is integral to a wide array of industrial applications. It is used in the production of chemicals such as nitric acid, which is a key ingredient in the manufacture of explosives, and in the production of synthetic fibers and plastics. Ammonia also plays a crucial role in industrial refrigeration, especially in large-scale commercial and manufacturing operations. These industrial uses are expected to continue to contribute significantly to ammonia demand over the next decade.

Additionally, ammonia is used in water treatment plants to purify water by neutralizing impurities. As urbanization and industrialization increase globally, particularly in developing regions, the demand for water treatment chemicals is on the rise, boosting ammonia consumption in this sector.

Advancements in Ammonia Production Technology: The process of ammonia production, traditionally based on the Haber-Bosch method, has seen significant advancements aimed at reducing energy consumption and lowering the environmental impact. The need for more energy-efficient and environmentally friendly ammonia production methods is leading to innovations in production technology.

For instance, there has been a growing emphasis on green ammonia, which is produced through the electrolysis of water using renewable energy sources such as wind or solar power. This method produces ammonia without the need for natural gas, reducing CO2 emissions significantly. As countries push for stricter environmental regulations and sustainability initiatives, the growth of green ammonia technologies is expected to play a vital role in the future of the ammonia market.

Government Initiatives and Regulations Supporting Sustainable Practices: Governments around the world are increasingly focusing on reducing greenhouse gas emissions and promoting sustainable industrial practices. As part of this trend, many countries are providing financial incentives and regulatory support for the development and adoption of cleaner ammonia production technologies, such as green ammonia.

The growing global shift towards sustainability is also driving the adoption of ammonia as a potential hydrogen carrier. Ammonia is being explored as a hydrogen storage and transport medium in the context of the hydrogen economy, which is seeing increasing interest from governments and industries. This shift is likely to have a profound impact on ammonia demand in the coming years, as it presents an alternative route to decarbonize industries and meet future energy demands.

Rising Industrialization and Urbanization: Industrialization and urbanization, particularly in emerging economies such as China, India, and parts of Africa, are contributing to increased demand for ammonia. As industries expand, so does the demand for chemicals, fertilizers, and refrigeration systems, all of which rely heavily on ammonia. With urbanization comes an increased need for better water management, waste treatment, and food production systems, all of which further contribute to ammonia consumption.

Additionally, the rise of manufacturing sectors in emerging markets, coupled with the growing need for better infrastructure, is expected to push ammonia demand even higher. The rapid pace of infrastructure development in cities will continue to drive the need for ammonia-based products in construction and manufacturing industries.

Read Full Report with Table of Contents@https://www.expertmarketresearch.com/reports/ammonia-market

Ammonia Market Segmentation

The market can be divided based on the type, end use, and region.

Some of the major players explored in the report by Expert Market Research are as follows:

• 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)
• Nutrien Ltd
• Others

Challenges and Opportunities

The global ammonia market is highly diverse, with different regions contributing to the market in varying capacities. North America and Europe are major consumers of ammonia, driven by the significant demand for nitrogen-based fertilizers and industrial applications. The United States and Canada are major producers and consumers of ammonia, particularly in the agricultural sector.

The Asia Pacific region, however, dominates the ammonia market in terms of both production and consumption. Countries like China and India are large consumers due to their substantial agricultural industries. The increasing adoption of modern farming techniques and fertilizers in these regions is expected to sustain growth in the ammonia market.

Media Contact:

Company Name: Claight Corporation
Contact Person: Olivia jass, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: http://www.expertmarketresearch.com
Aus Site: https://www.expertmarketresearch.com.au