Global Ammonia Market, By Type (Liquid, Power, and Gas), Product Form (Aqueous and Anhydrous), Sales Channel (Direct Sale and Indirect Sale), End-User (Agriculture, Textiles, Mining, Pharmaceutical, Refrigeration, and Other) – Industry Trends and Forecast to 2030.
Ammonia Market Analysis and Size
The global ammonia market is increasing demand for ammonia in agricultural fertilizers, which is expected to drive market growth. Additionally, the rising usage of industrial applications among the end-users such factors are expected to drive market growth. Ammonia, a colorless gas with a pungent odor, is widely utilized as a nitrogen fertilizer in agriculture and as a refrigerant in industrial applications. Its characteristics include high nitrogen content and excellent solubility in water. Moreover, ammonia finds applications in chemical manufacturing, cleaning agents, plastics production, explosives, and pharmaceuticals.
Data Bridge Market Research analyses that the global ammonia market, which was USD 74.37 billion in 2022, will reach USD 113.27 billion by 2030, and is expected to undergo a CAGR of 5.4% during the forecast period of 2023 to 2030. "Liquid" dominates the type segment of the global ammonia market as the major applications include residential and commercial cleaning as well as fertilizers, thus, ammonia is most considered in liquid form. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Ammonia Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Tons, Pricing in USD
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Segments Covered
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By Type (Liquid, Power, and Gas), Product Form (Aqueous and Anhydrous), Sales Channel (Direct Sale and Indirect Sale), End-User (Agriculture, Textiles, Mining, Pharmaceutical, Refrigeration, and Other)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific , Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
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Market Players Covered
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Koch Fertilizer, LLC (U.S.), Yara (Norway), CF Industries Holdings, Inc. (U.S.), Nutrien Ltd. (Canada), QATAR FERTILISER COMPANY (Qatar), PJSC Togliattiazot (Russia), SABIC (Saudi Arabia), Sumitomo Chemical Co., Ltd (Japan)
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Market Opportunities
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Market Definition
Ammonia is a colorless gas with a distinct odor. Ammonia is mostly obtained industrially through the Haber Process. In this process, a catalyst combines atmospheric nitrogen with gaseous hydrogen under high pressure and temperature. Also, ammonia can be generated using coal. Ammonia is used as a raw material for manufacturing nitrogen fertilizer. Furthermore, this chemical is used for applications such as refrigeration, refrigeration, plastics, detergents, explosives, and pesticides.
Global Ammonia Market Dynamics
Drivers
- Growing demand for fertilizers
The growing need for ammonia-based fertilizers in agriculture drives the worldwide ammonia market. Ammonia is an important component of nitrogen-based fertilizers, which are necessary for encouraging plant development and increasing crop yields.
- Rising industrial applications
Ammonia is widely used in various industrial applications, including manufacturing chemicals, medicines, and polymers. The expansion of sectors such as chemicals, textiles, and refrigeration fuels global demand for ammonia. It is increasingly used in chemical manufacturing, as a cleaning agent, and in producing plastics, explosives, and pharmaceuticals. The versatility of ammonia makes it a valuable resource for various industries seeking efficient and effective solutions.
Opportunities
- Development of renewable ammonia
Renewable ammonia produced from renewable energy sources represents a business opportunity for the global market. Renewable ammonia has the potential to reduce carbon emissions and promote sustainability, which is in line with the growing emphasis on clean energy and environmental awareness.
- Rising usage for Energy storage
Ammonia can potentially be a hydrogen carrier for energy storage and transportation. With growing interest in hydrogen as a sustainable energy source, ammonia can play a role in developing hydrogen-based energy systems, providing a market expansion opportunity.
Restraints/Challenges
- Environmental concerns
Ammonia manufacturing and consumption can have negative environmental consequences, including air and water pollution. Addressing environmental concerns, such as reducing emissions and increasing production efficiency, is challenging for the ammonia business to maintain sustainable and responsible practices.
- Volatility in natural gas prices
Compliance with environmental standards, safety, and transportation regulations can restrict the ammonia market. Stringent regulations or trade barriers can affect market dynamics and limit market growth in certain regions.
Recent Development
- In June 2023, EnBW Energie Baden-Württemberg AG, VNG AG, and the Japanese energy firm JERA signed a memorandum of understanding to collaborate on a feasibility study to investigate building an ammonia cracker demonstration plant. The project's partners want to assess whether it is feasible to construct a demonstration facility for manufacturing hydrogen from ammonia in the Rostock port region
- In June 2023, SOEC technology (Solid Oxide Electrolysis Cells) is a new electrolysis technique that can potentially be 20% more energy efficient than current commercial electrolysis technology. On a feasibility study on SOEC technology, OCI Global cooperated with the Institute for Sustainable Process Technology (ISPT). The Dutch city of Geleen's integration of a 100MW Solid Oxide Electrolysis facility to generate hydrogen for use as a feedstock for one of our ammonia plants was started by the OCI team
Global Ammonia Market Scope
The global ammonia market is segmented on the basis of type, product form, sales channel, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
TYPE
- LIQUID
- POWER
- GAS
PRODUCT FORM
- AQUEOUS
- ANHYDROUS
SALES CHANNEL
- DIRECT SALE
- INDIRECT SALE
END-USER
- AGRICULTURE
- TEXTILES
- MINING
- PHARMACEUTICAL
- REFRIGERATION
- OTHERS
Global Ammonia Market Regional Analysis/Insights
The global ammonia market is analysed and market size insights and trends are provided by country, type, product form, sales channel, and end-user as referenced above.
The countries covered in the global ammonia market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Asia-Pacific is expected to dominate the global ammonia market because of the increasing demand for fertilizers in the global market. Countries such as China and India also have a significant presence in the global ammonia market, driven by their growing agricultural sectors and expanding industrial base.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Ammonia Market Share Analysis
The global ammonia market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ammonia market.
Some of the major players operating in the ammonia market are:
- Koch Fertilizer, LLC (U.S.).
- Yara (Norway)
- CF Industries Holdings, Inc. (U.S.)
- Nutrien Ltd. (Canada)
- QATAR FERTILISER COMPANY (Qatar)
- PJSC Togliattiazot (Russia)
- SABIC (Saudi Arabia)
- Sumitomo Chemical Co., Ltd (Japan).
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