Ammonia Market Size, Share, and Outlook, 2025 Report- By Form (Aqueous, Anhydrous), By Application (Fertilizers, Refrigerants, Pharmaceuticals, Textile, Others), 2018-2032

Ammonia Market Outlook

Ammonia Market Size is forecast to reach $107.2 Billion in 2032 from $66.4 Billion in 2025, at an optimistic growth rate of 7% from 2025 to 2032. The robust Ammonia Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Ammonia Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Form (Aqueous, Anhydrous), By Application (Fertilizers, Refrigerants, Pharmaceuticals, Textile, Others). Over 70 tables and charts showcase findings from our latest survey report on Ammonia Markets.

Ammonia Market Insights, 2025: Ammonia- key drivers and opportunities

The global ammonia market is experiencing significant growth, driven by its crucial role in agriculture, industrial applications, and emerging clean energy technologies. Ammonia is primarily used in the production of fertilizers, with nearly 80% of global ammonia consumption dedicated to agricultural applications such as urea, ammonium nitrate, and ammonium sulfate. As the global population rises and food demand increases, farmers are seeking efficient fertilizers to enhance crop yields, further propelling ammonia demand. Additionally, government initiatives promoting sustainable agriculture and food security are reinforcing the need for ammonia-based fertilizers, particularly in developing economies with expanding agricultural sectors.

Beyond agriculture, ammonia plays a vital role in various industrial applications, including chemical manufacturing, refrigeration, water treatment, and pharmaceuticals. The chemical industry relies on ammonia as a key feedstock for producing explosives, plastics, synthetic fibers, and dyes. Further, the increasing use of ammonia in industrial refrigeration systems, especially in food processing and cold storage, is contributing to market growth. Ammonia’s efficiency as a refrigerant, coupled with its lower environmental impact compared to hydrofluorocarbons (HFCs), is driving its adoption in eco-friendly cooling solutions. In water treatment, ammonia-based chemicals help in pH control, chloramine production, and wastewater purification, addressing the rising global concerns over water quality and scarcity.

A major opportunity in the ammonia market lies in its potential as a clean energy carrier. Green ammonia, produced through renewable energy-powered electrolysis, is gaining traction as a zero-carbon fuel alternative. With increasing efforts to decarbonize the energy sector, ammonia is being explored for applications in hydrogen storage, fuel cells, and maritime shipping as a replacement for conventional fossil fuels. Investments in green ammonia production are accelerating, with countries and companies worldwide focusing on large-scale projects to integrate ammonia into the global energy transition. Additionally, blue ammonia, produced through conventional methods with carbon capture and storage (CCS), is emerging as a low-carbon alternative to conventional ammonia, offering further growth potential.

The Asia-Pacific region dominates the global ammonia market, driven by high fertilizer consumption, rapid industrialization, and strong investments in clean energy initiatives. China, India, and Southeast Asian countries are witnessing increasing ammonia demand due to their agricultural dependency and expanding chemical industries. North America and Europe are also key markets, particularly with rising investments in green ammonia production and the push for carbon-neutral solutions. As industries and governments continue to focus on sustainable and efficient ammonia production methods, the market is poised for long-term growth, with innovations in clean energy applications presenting new avenues for expansion.

Five Trends that will define global Ammonia Market in 2025 and Beyond

A closer look at the multi-million global market for Ammonia Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Ammonia Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Ammonia Industry?

The Ammonia Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Ammonia Market Segment Insights

The Ammonia Industry presents strong offers across categories. The analytical report offers forecasts of Ammonia Industry performance across segments and countries. Key segments in the industry include- By Form (Aqueous, Anhydrous), By Application (Fertilizers, Refrigerants, Pharmaceuticals, Textile, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Ammonia Market size outlook is provided for 22 countries across these regions.

Ammonia Industry Value Chain

The chapter identifies potential companies and their operations across the global Ammonia Industry ecosystem. It assists decision-makers in evaluating global Ammonia Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Ammonia Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Ammonia Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Ammonia Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Ammonia Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Ammonia Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Ammonia Market Insights- Executives are most excited about opportunities for the US Ammonia Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Ammonia Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Ammonia Market.

Latin American Ammonia Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Ammonia Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Ammonia Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Ammonia Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Ammonia Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include CF Industries Holdings Inc, Koch Fertilizer LLC, Nutrien Ltd, PJSC Acron, Public Joint Stock Company Togliattiazot, Qatar Fertiliser Company Q.P.S.C., Saudi Basic Industries Corp, Sumitomo Chemical Company Ltd, Yara International ASA.

Ammonia Market Scope and Segmentation

By Form

Aqueous

Anhydrous

By Application

Fertilizers

Refrigerants

Pharmaceuticals

Textile

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Ammonia Market Research-

CF Industries Holdings Inc

Koch Fertilizer LLC

Nutrien Ltd

PJSC Acron

Public Joint Stock Company Togliattiazot

Qatar Fertiliser Company Q.P.S.C.

Saudi Basic Industries Corp

Sumitomo Chemical Company Ltd

Yara International ASA

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
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