Ammonia Market By Type , By Product Type By End Use : Global Opportunity Analysis and Industry Forecast, 2024-2033

Description

The ammonia market was valued at $53.2 billion in 2023, and is projected to reach $87.7 billion by 2033, growing at a CAGR of 5.1% from 2024 to 2033.

Ammonia is a colorless, pungent gas composed of nitrogen and hydrogen. This property makes it ideal in the production of fertilizers, where it plays a critical role in providing essential nutrients for plant growth. In addition, it is used in the manufacturing of explosives, textiles, and pharmaceuticals, and as a refrigerant gas. However, ammonia handling requires careful attention due to its toxicity and environmental impact, necessitating stringent safety measures in its production, storage, and transportation.

The growth of the global ammonia market is majorly driven by exponential increase in population and significant rise in demand for food across the globe. This further propels the need for higher crop yield, which, in turn, is boosting the demand for nitrogen-based fertilizers like urea and ammonium nitrate, as they maximize crop yield along with controlling weed growth. According to a 2023 study published in Nature Synthesis-a scientific journal that focuses on publishing cutting-edge research in the field of synthetic chemistry-approximately 170 million metric tons of ammonia is produced each year across the globe, with 80% of it being used in the production of fertilizers. In addition, surge in demand for ammonia in industrial processes such as refrigeration and wastewater treatment notably contributes to the market growth. This is attributed to the fact that ammonia serves as a key raw material in the production of various chemicals, including nitric acid, explosives, and plastics. However, exposure to high concentrations of ammonia causes respiratory issues due to its toxic nature and pungent odor. Moreover, enforcement of stringent environmental regulations related to ammonia emissions and handling increases compliance cost for producers, which limits the market growth. High carbon footprint associated with its production acts as a major restraint of the global market, particularly as industries and governments are focusing on decarbonization and adopting more sustainable practices. On the contrary, innovations in ammonia production, such as green ammonia produced using renewable energy sources, are influencing the market by providing more sustainable options and reducing the carbon footprint of ammonia production. Furthermore, supportive government policies aimed at reducing carbon emissions and promoting sustainable agricultural practices are driving the adoption of green ammonia. As per Oxford Institute for Energy Studies, 2021, the production of green ammonia is estimated to reduce carbon emissions by 1.8 billion tons annually by 2050, if widely adopted. Thus, it is being explored as a carbon-free fuel for energy storage and transportation, particularly in the context of reducing greenhouse gas emissions, which is expected to drive future demand.

The global ammonia market is segmented into type, production type, end use, and region. On the basis of type, the market is bifurcated into aqueous and anhydrous. By production type, it is segregated into green ammonia, blue ammonia, grey ammonia, and brown ammonia. Depending on end use, it is divided into fertilizer, chemical, refrigeration, fibers, plastics, pharmaceuticals, paper & pulp, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

Depending on type, the anhydrous ammonia segment is expected to dominate the global market from 2024 to 2033.

By production type, the blue ammonia segment is anticipated to grow at a notable pace throughout the forecast period.

On the basis of end use, fertilizer is projected to emerge as a leading segment in the coming years.

Region wise, Asia-Pacific dominated the market in 2023, and is likely to continue the same trend during the forecast period.

Competition Analysis

Competitive analysis and profiles of the major players in the global ammonia market include CF Industries Holdings, Inc., Nutrien Ltd., Jinmei Group, Hubei Yihua Group, Qatar Fertilizer Company, PetroChina Group, TogliattiAzot, EuroChem Group, Acron Group Limited, and Yangmei Group. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to gain a strong foothold in the competitive market.

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Manufacturing Capacity
Capital Investment breakdown
Installed Base analysis
Investment Opportunities
Upcoming/New Entrant by Regions
Technology Trend Analysis
Market share analysis of players by products/segments
Regulatory Guidelines
Strategic Recommendations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
Market share analysis of players at global/region/country level
Per Capita Consumption Trends
Volume Market Size and Forecast

Key Market Segments

By Type

Aqueous
Anhydrous
Gas

By Product Type

Green Ammonia
Blue Ammonia
Grey Ammonia
Brown Ammonia

By End Use

Fertilizer
Chemical
Refrigeration
Fibers
Plastics
Pharmaceuticals
Paper and Pulp
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players:

CF Industries Holdings, Inc.
Nutrien Ltd.
Jinmei Group
Hubei Yihua Group
Qatar Fertilizer Company
PetroChina Group
TogliattiAzot
EuroChem Group
Acron Group Limited
Yangmei Group

Product Code: A08983

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: AMMONIA MARKET, BY TYPE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Type
4.2. Aqueous
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Anhydrous
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Gas
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country

CHAPTER 5: AMMONIA MARKET, BY PRODUCT TYPE

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Product Type
5.2. Green Ammonia
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Blue Ammonia
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. Grey Ammonia
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
5.5. Brown Ammonia
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country

CHAPTER 6: AMMONIA MARKET, BY END USE

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By End Use
6.2. Fertilizer
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Chemical
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country
6.4. Refrigeration
- 6.4.1. Key Market Trends, Growth Factors and Opportunities
- 6.4.2. Market Size and Forecast, By Region
- 6.4.3. Market Share Analysis, By Country
6.5. Fibers
- 6.5.1. Key Market Trends, Growth Factors and Opportunities
- 6.5.2. Market Size and Forecast, By Region
- 6.5.3. Market Share Analysis, By Country
6.6. Plastics
- 6.6.1. Key Market Trends, Growth Factors and Opportunities
- 6.6.2. Market Size and Forecast, By Region
- 6.6.3. Market Share Analysis, By Country
6.7. Pharmaceuticals
- 6.7.1. Key Market Trends, Growth Factors and Opportunities
- 6.7.2. Market Size and Forecast, By Region
- 6.7.3. Market Share Analysis, By Country
6.8. Paper And Pulp
- 6.8.1. Key Market Trends, Growth Factors and Opportunities
- 6.8.2. Market Size and Forecast, By Region
- 6.8.3. Market Share Analysis, By Country
6.9. Others
- 6.9.1. Key Market Trends, Growth Factors and Opportunities
- 6.9.2. Market Size and Forecast, By Region
- 6.9.3. Market Share Analysis, By Country

CHAPTER 7: AMMONIA MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Type
- 7.2.3. Market Size and Forecast, By Product Type
- 7.2.4. Market Size and Forecast, By End Use
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Ammonia Market
  - 7.2.6.1. Market Size and Forecast, By Type
  - 7.2.6.2. Market Size and Forecast, By Product Type
  - 7.2.6.3. Market Size and Forecast, By End Use
- 7.2.7. Canada Ammonia Market
  - 7.2.7.1. Market Size and Forecast, By Type
  - 7.2.7.2. Market Size and Forecast, By Product Type
  - 7.2.7.3. Market Size and Forecast, By End Use
- 7.2.8. Mexico Ammonia Market
  - 7.2.8.1. Market Size and Forecast, By Type
  - 7.2.8.2. Market Size and Forecast, By Product Type
  - 7.2.8.3. Market Size and Forecast, By End Use
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Type
- 7.3.3. Market Size and Forecast, By Product Type
- 7.3.4. Market Size and Forecast, By End Use
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France Ammonia Market
  - 7.3.6.1. Market Size and Forecast, By Type
  - 7.3.6.2. Market Size and Forecast, By Product Type
  - 7.3.6.3. Market Size and Forecast, By End Use
- 7.3.7. Germany Ammonia Market
  - 7.3.7.1. Market Size and Forecast, By Type
  - 7.3.7.2. Market Size and Forecast, By Product Type
  - 7.3.7.3. Market Size and Forecast, By End Use
- 7.3.8. Italy Ammonia Market
  - 7.3.8.1. Market Size and Forecast, By Type
  - 7.3.8.2. Market Size and Forecast, By Product Type
  - 7.3.8.3. Market Size and Forecast, By End Use
- 7.3.9. Spain Ammonia Market
  - 7.3.9.1. Market Size and Forecast, By Type
  - 7.3.9.2. Market Size and Forecast, By Product Type
  - 7.3.9.3. Market Size and Forecast, By End Use
- 7.3.10. UK Ammonia Market
  - 7.3.10.1. Market Size and Forecast, By Type
  - 7.3.10.2. Market Size and Forecast, By Product Type
  - 7.3.10.3. Market Size and Forecast, By End Use
- 7.3.11. Rest of Europe Ammonia Market
  - 7.3.11.1. Market Size and Forecast, By Type
  - 7.3.11.2. Market Size and Forecast, By Product Type
  - 7.3.11.3. Market Size and Forecast, By End Use
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Type
- 7.4.3. Market Size and Forecast, By Product Type
- 7.4.4. Market Size and Forecast, By End Use
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Ammonia Market
  - 7.4.6.1. Market Size and Forecast, By Type
  - 7.4.6.2. Market Size and Forecast, By Product Type
  - 7.4.6.3. Market Size and Forecast, By End Use
- 7.4.7. Japan Ammonia Market
  - 7.4.7.1. Market Size and Forecast, By Type
  - 7.4.7.2. Market Size and Forecast, By Product Type
  - 7.4.7.3. Market Size and Forecast, By End Use
- 7.4.8. India Ammonia Market
  - 7.4.8.1. Market Size and Forecast, By Type
  - 7.4.8.2. Market Size and Forecast, By Product Type
  - 7.4.8.3. Market Size and Forecast, By End Use
- 7.4.9. South Korea Ammonia Market
  - 7.4.9.1. Market Size and Forecast, By Type
  - 7.4.9.2. Market Size and Forecast, By Product Type
  - 7.4.9.3. Market Size and Forecast, By End Use
- 7.4.10. Australia Ammonia Market
  - 7.4.10.1. Market Size and Forecast, By Type
  - 7.4.10.2. Market Size and Forecast, By Product Type
  - 7.4.10.3. Market Size and Forecast, By End Use
- 7.4.11. Rest of Asia-Pacific Ammonia Market
  - 7.4.11.1. Market Size and Forecast, By Type
  - 7.4.11.2. Market Size and Forecast, By Product Type
  - 7.4.11.3. Market Size and Forecast, By End Use
7.5. LAMEA
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Type
- 7.5.3. Market Size and Forecast, By Product Type
- 7.5.4. Market Size and Forecast, By End Use
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Ammonia Market
  - 7.5.6.1. Market Size and Forecast, By Type
  - 7.5.6.2. Market Size and Forecast, By Product Type
  - 7.5.6.3. Market Size and Forecast, By End Use
- 7.5.7. South Africa Ammonia Market
  - 7.5.7.1. Market Size and Forecast, By Type
  - 7.5.7.2. Market Size and Forecast, By Product Type
  - 7.5.7.3. Market Size and Forecast, By End Use
- 7.5.8. Saudi Arabia Ammonia Market
  - 7.5.8.1. Market Size and Forecast, By Type
  - 7.5.8.2. Market Size and Forecast, By Product Type
  - 7.5.8.3. Market Size and Forecast, By End Use
- 7.5.9. Rest of LAMEA Ammonia Market
  - 7.5.9.1. Market Size and Forecast, By Type
  - 7.5.9.2. Market Size and Forecast, By Product Type
  - 7.5.9.3. Market Size and Forecast, By End Use

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. CF Industries Holdings, Inc.
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Nutrien Ltd.
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Jinmei Group
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. Hubei Yihua Group
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. Qatar Fertilizer Company
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. PetroChina Group
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. TogliattiAzot
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. EuroChem Group
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. Acron Group Limited
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. Yangmei Group
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments