Market Overview

The Global Ammonia Market was valued at USD 216,430.0 million in 2023 and is expected to reach USD 329,641.9 million by 2031 while growing at a CAGR of 5.4% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global ammonia market growth. Ammonia is a chemical compound composed of nitrogen and hydrogen with the molecular formula NH3. It is a colorless gas with a characteristic pungent odor and is widely used in various industrial applications, including fertilizers, refrigerants, and as a cleaning agent. Additionally, ammonia plays a crucial role in the production of chemicals and pharmaceuticals.

The ammonia market is driven by agricultural demand, renewable energy, and the hydrogen economy. However, challenges like high capital investment and environmental concerns could hinder its expansion.

Furthermore, the global ammonia industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Form Analysis

The Global Ammonia Market is segmented among Aqueous, and Anhydrous, based on Product Form. In 2023, Anhydrous accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Ammonia Market is segmented among Fertilizers, Refrigerants, Pharmaceuticals, Textile, and Others, based on Application. In 2023, Fertilizers accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Ammonia Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Acron, Koch Fertilizer, LLC, Yara, CF Industries Holdings, Inc., Nutrien Ltd., Qatar Fertiliser Company, Togliattiazot, SABIC, Sumitomo Chemical Co., Ltd., Group DF, OCI NV, and Eurochem Group.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Ammonia Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Ammonia Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Ammonia Market Segmentation, By Product Form

• Global Ammonia Market Share Analysis, By Product Form

• Global Ammonia Market Growth Analysis, By Product Form

• Global Ammonia Market Trends, By Product Form

o Aqueous

o Anhydrous

6. Global Ammonia Market Segmentation, By Application

• Global Ammonia Market Share Analysis, By Application

• Global Ammonia Market Growth Analysis, By Application

• Global Ammonia Market Trends, By Application

o Fertilizers

o Refrigerants

o Pharmaceuticals

o Textile

o Others

7. Global Ammonia Market Segmentation, By Region

• Global Ammonia Market Share Analysis, By Region

• Global Ammonia Market Growth Analysis, By Region

• Global Ammonia Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Acron*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Koch Fertilizer, LLC

• Yara

• CF Industries Holdings, Inc.

• Nutrien Ltd.

• Qatar Fertiliser Company

• Togliattiazot

• SABIC

• Sumitomo Chemical Co., Ltd.

• Group DF

• OCI NV

• Eurochem Group.

*Similar analysis will be provided for each company listed above.