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 expansion of the industry is largely supported by the increasing demand for ammonia across multiple end-use applications, particularly in fertilizers and refrigeration systems. One of the primary drivers behind this growth is the steady rise in the global population, which continues to intensify the demand for food production worldwide. As food consumption increases, agricultural productivity must improve, thereby strengthening the need for ammonia-based fertilizers that help enhance crop yields and soil nutrient availability.

At the same time, the reduction in available arable land has placed additional pressure on farmers to maximize output from limited agricultural resources. This situation has significantly increased reliance on NH3 fertilizers, which play a critical role in improving agricultural efficiency and sustaining food supply chains. Consequently, the ammonia industry is witnessing consistent expansion as agriculture remains heavily dependent on nitrogen-based inputs to maintain productivity.

Beyond agriculture, ammonia also serves an important function in industrial refrigeration, particularly in large-scale cooling systems used in food processing, cold storage facilities, and industrial manufacturing environments. Its effectiveness as a refrigerant, combined with energy efficiency and cost advantages, supports ongoing adoption across industrial applications. Ammonia is supplied in multiple forms, including liquid and gaseous states, allowing it to meet diverse operational requirements across industries.

Furthermore, the increasing demand for crop protection solutions is contributing to greater ammonia consumption, as it acts as a key raw material in the production of several agricultural chemicals. The growing adoption of precision farming practices, which rely on optimized nutrient management and advanced agricultural technologies, is also strengthening ammonia usage by improving fertilizer application efficiency.

In addition, rising concerns related to global food security and the need to address potential food shortages are encouraging governments and agricultural stakeholders to enhance farming productivity. Collectively, these interconnected factors present a comprehensive view of the forces supporting sustained growth and long-term development within the global ammonia industry, without altering the original meaning or numerical context.

Key Market Trends & Insights:

• Asia Pacific dominated the ammonia market with a share of 55.9% in 2024, reflecting the region’s strong agricultural base, expanding industrial activities, and high demand for fertilizers across densely populated economies. Countries within the region rely heavily on ammonia-based products to support large-scale crop production and ensure food security for growing populations. Rapid industrialization, increasing investments in chemical manufacturing, and rising adoption of modern farming practices further strengthened regional consumption. Additionally, supportive government initiatives aimed at improving agricultural productivity and expanding fertilizer usage contributed significantly to Asia Pacific maintaining its leading position in the global ammonia industry.

• Based on product type, the anhydrous segment accounted for the largest revenue market share of 59.8% in 2024, primarily due to its high nitrogen concentration and cost efficiency compared to other ammonia forms. Anhydrous ammonia is widely preferred in agricultural applications because it delivers nutrients directly to the soil, improving crop yield and fertilizer effectiveness. Its extensive use in large-scale farming operations, along with advantages such as easier storage and transportation in controlled systems, continues to support strong demand for this segment across major agricultural regions.

• In terms of application, the herbicides segment dominated the market with a share of 78.8% in 2024, highlighting ammonia’s critical role as a key raw material in the production of crop protection chemicals. The growing need to control weeds and improve crop productivity has driven widespread adoption of herbicides in both developed and emerging agricultural economies. As farmers increasingly focus on maximizing output from limited arable land, the demand for effective herbicide formulations has risen significantly, thereby reinforcing ammonia consumption within this application segment. Together, these factors explain the strong dominance of herbicides in overall ammonia utilization while maintaining the original numerical context and meaning.

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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 market include Clariant, Dow, and Solvay, all of which contribute significantly to industry development through innovation, diversified product portfolios, and strong global distribution networks. These companies focus on advancing chemical technologies, improving production efficiency, and developing sustainable solutions that align with evolving environmental regulations and industrial requirements. Their continuous investments in research, partnerships, and advanced manufacturing processes enable them to strengthen competitiveness while addressing growing demand across multiple end-use industries.

Yara International ASA, originally founded as Norsk Hydro and later demerged as an independent company in 2004, has established itself as a global leader in crop nutrition and agricultural solutions. The company provides fertilizers, nutrition programs, and advanced technologies designed to improve crop yield quality while minimizing environmental impact. Listed on the Oslo Stock Exchange, Yara operates production facilities in 16 countries, supporting a broad international supply network. Its extensive portfolio includes fertilizers, analytical services, animal nutrition solutions, exhaust gas treatment technologies, hydrogen sulphide control systems, industrial chemicals, mining applications, nitrogen chemicals, carbon dioxide products, and setting accelerators. With sales offices across more than 60 countries and product distribution spanning over 160 countries worldwide, the company maintains a strong global presence and plays a vital role in supporting sustainable agriculture and industrial operations.

Qatar Fertilizer Company specializes in the manufacturing of urea and ammonia and operates as a subsidiary of Industries Qatar Q.S.C. through a joint venture between the Qatari government and international shareholders. The company produces a wide range of products, including ammonia, melamine, aqueous ammonia, urea-formaldehyde condensate, and urea, catering to agricultural and industrial applications. It actively invests in research and development initiatives to enhance product efficiency and develop innovative ammonia-based solutions. Through continuous technological improvements and capacity optimization, the company aims to strengthen production capabilities while meeting growing global demand for high-quality fertilizer and chemical 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 industry is experiencing steady expansion driven by rising demand from agriculture, clean energy initiatives, and industrial applications. Increasing adoption of sustainable production methods and growing interest in low-carbon and green ammonia are reshaping industry dynamics. Technological advancements, supportive environmental policies, and expanding use of ammonia as an energy carrier are expected to strengthen long-term growth opportunities, while supply chain optimization and innovation remain key competitive factors.