Ammonia Market Forecast 2025 – Industry Trends, Challenges & Strategic Intelligence

 For business leaders, corporate strategists, and growth-focused teams – this report delivers deep market intelligence, forecasts, segmentation, and competitor insights to guide your decisions through 2034.

How has the ammonia grown historically, and what trends indicate future expansion?
The ammonia market size has grown strongly in recent years. It will grow from $79.13 billion in 2024 to $85.57 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to agricultural demand, expanding population, energy and power generation, chemical manufacturing:.

The ammonia market size is expected to see strong growth in the next few years. It will grow to $124.86 billion in 2029 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to hydrogen economy development, renewable energy, carbon capture and storage (ccs), clean energy transition. Major trends in the forecast period include green ammonia production, ammonia as hydrogen carrier, ammonia for energy storage, hydrogen fuel cell vehicles, sustainable fertilizer production, green shipping, ammonia for carbon capture, ammonia in pharmaceuticals, ammonia sensors and monitoring.

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Which key factors are driving the expansion of the ammonia industry?
The growth of the fertilizer industry is contributing to the growth of the ammonia market. Ammonia is used as ammonium nitrate fertilizer, which releases nitrogen, an essential nutrient for growing plants, including farm crops and lawns. The rapid growth in fertilizer industry is expected to boost utilization of ammonia as it is widely used in manufacturing of fertilizers. For instance, in September 2024, according to The Agricultural Industries Confederation, a UK-based trade association representing the agri-supply industry, in England & Wales, 687 thousand tonnes of nitrogen were used in 2022. up from 692 thousand tonnes of nitrogen in 2023. Therefore, the growth of the fertilizer industry is driving the growth of the ammonia market.

How is the ammonia market segmented by product, application, and end-user?
The ammonia market covered in this report is segmented –

1) By Product Type: Anhydrous Ammonia, Aqueous Ammonia
2) By Form Type: Liquid, Powder
3) By Application Type: Fertilizers, Chemicals, Refrigeration, Pharmaceutical, Fibers and Plastics, Pulp and Papers, Other Application Types

Subsegments:
1) By Anhydrous Ammonia: Industrial Grade Anhydrous Ammonia, Agricultural Grade Anhydrous Ammonia
2) By Aqueous Ammonia: Low-Concentration Aqueous Ammonia, High-Concentration Aqueous Ammonia

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Which sustainability trends are emerging in the ammonia market?
Major companies operating in the ammonia market are focused on developing advanced biomass-balanced products to meet the growing demand for environmentally friendly agricultural solutions. Biomass-balanced products serve as fertilizers and chemicals, offering a more sustainable option compared to traditional methods. They frequently carry certifications that highlight their eco-friendly attributes, assisting consumers and businesses in making informed decisions that promote a circular economy. For instance, in May 2024, BASF SE, a Germany-based chemical company, launched ammonia anhydrous BMBcert, ammonia solution 24.5% BMBcert, urea powder BMBcert, urea solution 40% BMBcert, and urea solution 45% BMBcert. BASF's Ammonia Anhydrous BMBcert is an ISCC PLUS-certified biomass-balanced product that significantly reduces emissions and supports sustainability efforts. The ammonia solution 24.5% BMBcert offers a lower carbon footprint with its biomass-balanced formulation. Urea Prills BMBcert helps customers minimize scope 3 emissions, while Urea Solutions (40% and 45%) provide effective biomass-balanced options to aid in achieving sustainability goals and reducing overall carbon impact.

Which leading companies are dominating the ammonia market landscape?
Major companies operating in the ammonia market include Yara International ASA, BASF SE, CF Industries Holdings Inc., Nutrien Ltd., OCI Nitrogen, Eurochem Group, Koch Fertilizer LLC, China National Petroleum Corporation, Rashtriya Chemicals and Fertilizers Ltd., Qatar Fertiliser Company, Mitsubishi Gas Chemical Co Inc., Uralchem JSC, Evonik Industries AG, Acron Group, Orica Limited, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Agrium Europe S.A., Fauji Fertilizer Company Limited, China National Offshore Oil Corporation, National Fertilizers Limited, Trammo Inc., Pupuk Kaltim, Sinochem Group, KBR Inc., Dyno Nobel

Which geographic areas are expected to offer the highest growth opportunities in theammonia market?
Asia-pacific was the largest region in the ammonia market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the ammonia market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

How Can Companies Use The Ammonia Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.

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