The global ammonia market size was valued at USD 224,101.6 million in 2024 and is projected to reach USD 313,212.1 million by 2030, growing at a CAGR of 5.9% from 2025 to 2030. The increasing demand for ammonia, particularly for use in fertilizers and refrigerants, is driven by a combination of interrelated factors, primarily the continuous rise in the global population, which in turn has led to a higher demand for food production.

The situation is further compounded by a decline in available arable land, which intensifies the reliance on NH3-based fertilizers to improve crop yields and maintain food supply. Consequently, these dynamics are contributing significantly to the growth of the ammonia market. Beyond its use in agriculture, ammonia plays a vital role in large-scale refrigeration systems, and it is commercially available in multiple forms, including liquid and gas, which allows it to cater to diverse industrial applications.

Additionally, the growing demand for crop protection products in the agricultural sector is another key driver propelling the market forward. Other important factors influencing market expansion include the increasing adoption of precision farming techniques and the urgent need to tackle food scarcity arising from the expanding global population. Collectively, these elements illustrate the primary forces that are fueling growth in the global ammonia market.

Key Market Trends & Insights:

• The Asia Pacific region dominated the global ammonia market, accounting for a 55.9% share in 2024. This leadership position can be attributed to the region’s large agricultural base, high fertilizer consumption, expanding industrial activities, and increasing adoption of ammonia in both agricultural and industrial applications.

• By product type, the anhydrous ammonia segment held the largest revenue share, representing 59.8% of the market in 2024. The dominance of this segment is primarily due to its widespread use in fertilizers, particularly as a key nitrogen source, as well as its role in industrial refrigeration systems and chemical synthesis.

• When analyzed by application, the herbicides segment led the market with a 78.8% revenue share in 2024. The strong performance of this segment is driven by the increasing demand for crop protection solutions that enhance agricultural productivity and efficiency, coupled with the rising adoption of ammonia-based formulations in herbicidal products across the region.

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Market Size & Forecast:

• 2024 Market Size: USD 224,101.6 Million

• 2030 Projected Market Size: USD 313,212.1 Million

• CAGR (2025-2030): 5.9%

• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights:

Some of the key players operating in the global ammonia market include Clariant, Dow, and Solvay, which play a significant role in shaping market dynamics through their product offerings, technological advancements, and strategic initiatives.

Yara International ASA, originally founded as Norsk Hydro, was demerged and established as Yara in 2004. The company specializes in providing fertilizers, nutrition programs, and related technologies aimed at improving crop yield quality while reducing environmental impact. Yara is listed on the Oslo Stock Exchange and maintains production facilities in 16 countries worldwide. Its comprehensive portfolio includes fertilizers, analytical services, animal nutrition, exhaust gas treatment, hydrogen sulphide control, industrial chemicals, mining applications, nitrogen chemicals, carbon dioxide, and setting accelerators. Additionally, the company operates sales offices in over 60 countries, with its products marketed and sold in more than 160 countries globally, demonstrating its extensive global reach.

Qatar Fertilizer Company (QAFCO) is a prominent manufacturer of urea and ammonia, operating as a joint venture between the Qatari government and foreign shareholders and functioning as a subsidiary of Industries Qatar Q.S.C. The company’s product portfolio includes ammonia, melamine, aqueous ammonia, urea-formaldehyde condensate, and urea. To maintain technological leadership and meet growing market demand, QAFCO is actively investing in research and development initiatives to introduce innovative and highly effective ammonia products.

Key Players

• Acron

• Koch Fertilizers, LLC

• Yara International

• CF Industries Holdings, Inc.

• Nutrien Ltd.

• Qatar Fertiliser Company

• Togliattiazot

• SABIC

• Sumitomo Chemical Co., Ltd.

• Mitsui Chemicals, Inc.

• BASF SE

• Asahi Kasei Corp

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Conclusion:

The ammonia market is expected to continue growing steadily, driven by strong demand from agriculture (fertilizers) and industrial refrigeration — both critical to food production and industrial operations. As population and food demand rise worldwide, ammonia’s role in boosting crop yields and enabling efficient refrigeration keeps it central to global supply chains. The market’s growth is also supported by increasing use of ammonia in diverse industrial and chemical applications. Overall, ammonia remains a cornerstone chemical with stable demand expected over the coming years.