Global Ammonia Market Size study & Forecast, by Type (Liquid, Gas), by End-user Industry (Agriculture, Textiles, Mining, Pharmaceutical, Refrigeration, Other End-user Industries) and Regional Analysis, 2022-2029

Global Ammonia Market Size study & Forecast, by Type (Liquid, Gas), by End-user Industry (Agriculture, Textiles, Mining, Pharmaceutical, Refrigeration, Other End-user Industries) and Regional Analysis, 2022-2029

Global Ammonia Market is valued approximately USD 71.98 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.40% over the forecast period 2022-2029. Ammonia is a gas that is colourless, extremely irritating, and has a strong, tear odour. It creates a solution of ammonium hydroxide and dissolves easily in water. Burns and irritation may result from the solution. The gas is easily compressed, and under pressure it transforms into a clear, colourless liquid. It is often carried as compressed liquid in steel cylinders. It is also not very combustible, but when exposed to extreme heat, it may explode. The key factor driving the market growth is increasing fertilizer consumption and rising agricultural production creates the lucrative demand for the market. The agriculture sector uses most of the ammonia produced as a nitrogen source which is essential for plant growth. The substance is widely used to create solid compounds including urea, phosphate, ammonium nitrate, and sulphate in the fertilizer business. Ammonium phosphate is a fast-release fertilizer that can also be used for maintenance, overseeding, the planting of new grass, and other grass activities. Also, another factor driving the market growth is growing usage to produce explosives that anticipated to support the market growth during forecast period.

The rising Fertilizer consumption owing to growing agricultural production is anticipated to propel the lucrative demand for the market during the forecast period. According to Statista, in 2020, the global fertilizer market is valued at USD 171.76 billion, and the number is projected to reach USD 241.87 billion by 2030. Additionally, the growing pharmaceutical industry is anticipated to create lucrative opportunity for the market during forecast period. However, the hazardous effects in its concentrated form stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Ammonia Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the dominating region across the world in terms of market share, owing to the rising demand from the fertilizer industry and rapid urbanization in the region. Whereas, North America is also anticipated to exhibit highest growth rate over the forecast period, owing to factors such as rising agriculture industry and growing demand in pharmaceutical industry would create lucrative growth prospects for the Ammonia market across North America region.

Major market player included in this report are:
Yara International ASA (Oslo, Norway)
BASF SE (Ludwigshafen, Germany)
CF Industries Holdings, Inc. (Illinois, the U.S.)
Nutrien Ltd. (Saskatoon, Canada)
SABIC (Riyadh, Saudi Arabia)
Qatar Petroleum (Doha, Qatar)
EuroChem Group (Zug, Switzerland)
Koch Fertilizer, LLC (Kansas, the U.S.)
Praxair Technology, Inc. (Connecticut, the U.S.)
China National Petroleum Corporation (Beijing, China)

Recent Developments in the Market:
 In 2021, Amon Maritime partnered with Navigare Logistical support and Mosvolds Rederi, to develop a zero-emissions bulk cargo shipper, with ammonia-fueled ships by 2024.

 In 2021, Stamicarbon introduced Stami Green Ammonia Technology for sustainable and environmentally friendly fertiliser production.

Global Ammonia Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, End-user Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Liquid
Gas
By End-user Industry:
Agriculture
Textiles
Mining
Pharmaceutical
Refrigeration
Other End-user Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Yara International ASA (Oslo, Norway)
BASF SE (Ludwigshafen, Germany)
CF Industries Holdings, Inc. (Illinois, the U.S.)
Nutrien Ltd. (Saskatoon, Canada)
SABIC (Riyadh, Saudi Arabia)
Qatar Petroleum (Doha, Qatar)
EuroChem Group (Zug, Switzerland)
Koch Fertilizer, LLC (Kansas, the U.S.)
Praxair Technology, Inc. (Connecticut, the U.S.)
China National Petroleum Corporation (Beijing, China)

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