Global Ammonia Market (by Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

Global Ammonia Market (by Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

The global ammonia market is expected to record a value of US$78.60 billion in 2026, growing at a CAGR of 5.59%, for the time period of 2022-2026. The factors such as growing demand for nitrogen, growing potentials of green ammonia as marine fuel, increasing demand for urea, increasing use of margarine, expansion of explosive industry and increasing demand for semiconductor would drive the growth of the market. However, the market growth would be challenged by higher initial capital requirements for green ammonia plant infrastructure and health effects of ammonia exposure. A few notable trends may include increasing manufacturing of pharmaceuticals, growing production of low-carbon hydrogen, upsurge in ammonia capacity and rising need for eco-friendly refrigerants.

The global ammonia market is highly competitive in nature and is currently witnessing constant price fluctuations. The industry is marked by the presence of global market players that are investing in the research & development activities for innovating new and developed processes. Owing to this, the adoption of ammonia is highly encouraged across various industries, which is accelerating the growth of the global ammonia market.

The fastest growing regional market was Asia Pacific, due to the massive ammonia production in China, which is likely to ascend in coming years. Additionally, the U.S., one of the major producers of ammonia, is likely to expand ammonia capacity in near future, which would also in the in the market growth globally. Further, disruption in the supply chain of raw materials, caused by the COVID-19 crises, resulted in the downfall in ammonia demand, which eventually had a negative impact on its market growth globally in 2020.

Scope of the report:

  • The report provides a comprehensive analysis of the global ammonia market.
  • The major regional markets (Asia Pacific, North America and Europe ROW), along with the country coverage of the U.S. have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The company profiles of leading players (BASF SE Nutrien, Yara International, Orica, CF Industries and OCI) are also presented in detail.
Key Target Audience:
  • Ammonia Manufacturers
  • Raw Material Suppliers
  • End Users (Agriculture, Chemical, Transportation, Mining)
  • Consulting Firms
  • Investment Banks
  • Government Bodies & Regulating Authorities


1. Market Overview
1.1 Introduction
Table 1: Basic Chemical Properties of Ammonia (NH₃)
1.2 Some Benefits of Ammonia
Table 2: Some Benefits of Ammonia
1.3 Application of Ammonia by Top Industries
Table 3: Application of Ammonia by Top Industries
1.4 Ammonia for Clean Power
1.5 Ammonia Simplified Value Chain
Table 4: Ammonia Simplified Value Chain
2. COVID-19 Impact
2.1 Negative Impact on Agrochemical Industry
Table 5: Global Production, Export and Import Growth Rate of Agrochemicals (2018-2020)
2.2 Decline in Petroleum Production
Table 6: Global Petroleum Production (2018-2020)
2.3 Downfall in the Copper Mine Production
Table 7: Total Copper Mine Production Worldwide (2019-2020)
2.4 Halt in the Textile Industry
3. Global Market
3.1 Global Ammonia Market by Value
Table 8: Global Ammonia Market by Value (2017-2021)
3.2 Global Ammonia Market Forecast by Value
Table 9: Global Ammonia Market Forecast by Value (2022-2026)
3.3 Global Ammonia Market Value by Application
Table 10: Global Ammonia Market Value by Application (2021)
3.3.1 Global Fertilizer Ammonia Market by Value
Table 11: Global Fertilizer Ammonia Market by Value (2017-2021)
3.3.2 Global Fertilizer Ammonia Market Forecast by Value
Table 12: Global Fertilizer Ammonia Market Forecast by Value (2022-2026)
3.3.3 Global Refrigerant Ammonia Market by Value
Table 13: Global Refrigerant Ammonia Market by Value (2017-2021)
3.3.4 Global Refrigerant Ammonia Market Forecast by Value
Table 14: Global Refrigerant Ammonia Market Forecast by Value (2022-2026)
3.3.5 Global Pharmaceutical Ammonia Market by Value
Table 15: Global Pharmaceutical Ammonia Market by Value (2017-2021)
3.3.6 Global Pharmaceutical Ammonia Market Forecast by Value
Table 16: Global Pharmaceutical Ammonia Market Forecast by Value (2022-2026)
3.3.7 Global Textile Ammonia Market by Value
Table 17: Global Textile Ammonia Market by Value (2017-2021)
3.3.8 Global Textile Ammonia Market Forecast by Value
Table 18: Global Textile Ammonia Market Forecast by Value (2022-2026)
3.4 Global Ammonia Market by Regions
Table 19: Global Ammonia Market by Regions (2021)
3.5 Global Ammonia Market by Volume
Table 20: Global Ammonia Market by Volume (2017-2021)
3.6 Global Ammonia Market Forecast by Volume
Table 21: Global Ammonia Market Forecast by Volume (2022-2026)
4. Regional Market
4.1 Asia Pacific
4.1.1 Asia Pacific Ammonia Market by Value
Table 22: Asia Pacific Ammonia Market by Value (2017-2021)
4.1.2 Asia Pacific Ammonia Market Forecast by Value
Table 23: Asia Pacific Ammonia Market Forecast by Value (2022-2026)
4.2 North America
4.2.1 North America Ammonia Market by Value
Table 24: North America Ammonia Market by Value (2017-2021)
4.2.2 North America Ammonia Market Forecast by Value
Table 25: North America Ammonia Market Forecast by Value (2022-2026)
4.2.3 North America Ammonia Market Value by Regions
Table 26: North America Ammonia Market Value by Region (2021)
4.2.4 The U.S. Ammonia Market by Value
Table 27: The U.S. Ammonia Market by Value (2017-2021)
4.2.5 The U.S. Ammonia Market Forecast by Value
Table 28: The U.S. Ammonia Market Forecast by Value (2022-2026)
4.2.6 The U.S. Ammonia Market Value by Product Type
Table 29: The U.S. Ammonia Market Value by Product Type (2021)
4.2.7 The U.S. Liquid Ammonia Market by Value
Table 30: The U.S. Liquid Ammonia Market by Value (2022-2026)
4.2.8 The U.S. Liquid Ammonia Market Forecast by Value
Table 31: The U.S. Liquid Ammonia Market Forecast by Value (2022-2026)
4.2.9 The U.S. Gas Ammonia Market by Value
Table 32: The U.S. Gas Ammonia Market by Value (2017-2021)
4.2.10 The U.S. Gas Ammonia Market Forecast by Value
Table 33: The U.S. Gas Ammonia Market Forecast by Value (2022-2026)
4.2.11 The U.S. Power Ammonia Market by Value
Table 34: The U.S. Power Ammonia Market by Value (2017-2021)
4.2.12 The U.S. Power Ammonia Market Forecast by Value
Table 35: The U.S. Power Ammonia Market Forecast by Value (2022-2026)
4.2.13 The U.S. Ammonia Production Volume
Table 36: The U.S. Ammonia Production Volume (2017-2021)
4.2.14 The U.S. Ammonia Consumption Volume
Table 37: The U.S. Ammonia Consumption Volume (2017-2021)
4.2.15 The U.S. Ammonia Export Volume
Table 38: The U.S. Ammonia Export Volume (2017-2021)
4.2.16 The U.S. Ammonia Import Volume
Table 39: The U.S. Ammonia Import Volume (2017-2021)
4.2.17 The U.S. Ammonia Import Volume by Region
Table 40: The U.S. Ammonia Import Volume by Region (2021)
4.3 Europe
4.3.1 Europe Ammonia Market by Value
Table 41: Europe Ammonia Market Forecast by Value (2017-2021)
4.3.2 Europe Ammonia Market Forecast by Value
Table 42: Europe Ammonia Market Forecast by Value (2022-2026)
4.4 ROW
4.4.1 ROW Ammonia Market by Value
Table 43: ROW Ammonia Market by Value (2017-2021)
4.4.2 ROW Ammonia Market Forecast by Value
Table 44: ROW Ammonia Market Forecast by Value (2022-2026)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Growing Demand for Nitrogen
Table 45: Global Non-Fertilizer Nitrogen Demand (2016-2020)
5.1.2 Growing Potentials of Green Ammonia as Marine Fuel
Table 46: Global Ammonia Production by Type for Marine Fuel (2020-2030)
5.1.3 Increasing Demand for Urea
Table 47: Global Urea Demand (2018-2021)
5.1.4 Increasing Use of Margarine
Table 48: Global Margarine Market (2017-2021)
5.1.5 Expansion of Explosives Industry
Table 49: Global Explosives Market Volume (2020-2027)
5.1.6 Increase in Demand for Semiconductor
Table 50: Global Semiconductor Market (2020-2024)
5.2 Key Trends & Developments
5.2.1 Increasing Manufacturing of Pharmaceuticals
Table 51: Global Pharmaceutical Manufacturing Market (2021-2025)
5.2.2 Growing Production of Low-Carbon Hydrogen
Table 52: Global Production of Low-Carbon Hydrogen (2018-2023)
5.2.3 Upsurge in Ammonia Capacity
Table 53: Global Ammonia Capacity Addition by Region (2025)
5.2.4 Rising Need for Eco-friendly Refrigerants
5.3 Challenges
5.3.1 Higher Initial Capital Requirements for Green Ammonia Plant Infrastructure
5.3.2 Health Effects of Ammonia Exposure
6. Company Profiles
6.1 BASF SE
6.1.1 Business Overview
6.2 Nutrien
6.2.1 Business Overview
6.3 Yara International
6.3.1 Business Overview
6.4 Orica
6.4.1 Business Overview
7.5 CF Industries
6.5.1 Business Overview
6.6 OCI
6.6.1 Business Overview

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings