Increasing Applications in The Refrigeration Systems and Increasing Use of Ammonia as A Biofuel are driving the growth at a CAGR of 5.11% during the forecast period 2023 to 2032

The Ammonia Market is estimated to register a CAGR of 5.11% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the Global Ammonia market— CF Industries Holdings, Inc., Nutrien Ltd., Group DF, OCI, SABIC Agri-Nutrients Company, Koch Fertilizer, LLC, Togliattiazot, AB "Achema", Uralchem JSC, Yara

Ammonia Market Highlights

The Global Ammonia market is accounted for to register a CAGR of 5.11% during the forecast period and is estimated to reach USD 83,370.4 Million by 2032.

The versatility of ammonia makes it a popular choice for various purposes, and its popularity is increasing. Ammonia has several advantages, including its renewable nature and energy efficiency as well as being an affordable compound that is highly sought. Ammonia can be produced from renewable energy sources such as biomass and renewable energy. This new method of ammonia production presents a sustainable and ecological approach to the current method of using natural gas, a finite resource linked to environmental problems such as greenhouse gas emissions and climate change. Ammonia production from biomass and renewable energy requires the use of renewable resources, such as agricultural waste, solar or wind energy, to drive the ammonia synthesis process. This method not only reduces reliance on non-renewable materials, but also reduces carbon emissions and environmental impacts associated with conventional ammonia production.

Ammonia is recognized as one of the most efficient and cost-effective sources of nitrogen fertilizer which is a crucial nutrient needed for plant growth. Its affordability has made it popular among farmers worldwide. Ammonia is produced through various methods, including the Haber-Bosch process, that involves combining nitrogen and hydrogen gases under high temperatures. This process is relatively inexpensive as compared to other nitrogen fertilizers production methods. Ammonia is also widely used for several industrial applications such as pharmaceuticals, refrigeration, plastics. Low-cost ammonia has become the most attractive option for industrial processes, especially in developing countries, where there is high demand for cost-effective raw materials.

The global ammonia market is experiencing significant growth, primarily fueled by the expansion of agricultural industry. Ammonia plays a crucial role in fertilizer production, which is in high demand within the agricultural sector. This reliance on ammonia for enhancing crop productivity is a major driver behind the market's growth. Furthermore, the growing use of ammonia in refrigerant systems owing to its superior advantages such as high efficiency, excellent heat transfer properties, and cost-effectiveness is also expected to boost the global market growth during the review period. Another contributing factor to the ammonia market's growth is the increasing utilization of ammonia as an alternative fuel in transportation and power generation applications. This shift towards cleaner and more sustainable fuel options presents significant opportunities for market players to capitalize on. However, it is essential to consider certain obstacles that may hinder the market's growth. One such challenge is the rising emission of ammonia, which raises concerns about environmental impact and sustainability.

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Segment Analysis

The Global Ammonia market has been segmented based on Type, End Use, and Region. The Ammonia Market has been categorized based on type into Aqueous, and Anhydrous. Among these, Anhydrous is projected to dominate the Global Ammonia market revenue through the projected period as estimated by MRFR analysts. Anhydrous ammonia has a strong odor and high heat of vaporization which make it useful as a refrigerant and a solvent. Liquefied NH3 is used in various industrial applications, such as production of synthetic fibers, the manufacturing of pharmaceuticals, and the extraction of metals from ores.

Based on End Use, the Ammonia market has been segmented into Fertilizer, Chemicals, Refrigeration, Fibers and Plastics, Pharmaceutical, Pulp and Paper and Others. Among these, Fertilizer is projected to dominate the Global Ammonia market revenue through the projected period as estimated by MRFR analysts. Ammonia is a widely used nitrogenous fertilizer and basic compound in nitrogen industry. The consumption of NH3 for nitrogen fertilizer accounts for approximately 80% of the global demand for the products.

Regional Analysis

By region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific Ammonia Market holds a considerable market share and is also forecasted to hold the largest share during the forecast period. China and India are one of the largest producers of ammonia due to increase the use of ammonia as a fertilizer. North America is the second largest producer of ammonia due to the intensive use of ammonia as a fertilizer in agriculture. The increase in demand for ammonia is due to population growth and increased crop yields.

Key Findings of the Study

• The Global Ammonia market is expected to reach USD 83,370.4 Million by 2032, at a CAGR of 5.11% during the forecast period.


• The rest of the world region accounted for the fastest growth in the global market.


• Based on Type, Anhydrous segment was attributed to holding the largest market in 2022.


• Based on End use, the Fertilizer segment was attributed to holding the largest market in 2022.


• CF Industries Holdings, Inc., Nutrien Ltd., Group DF, OCI, SABIC Agri-Nutrients Company, Koch Fertilizer, LLC, AB "Achema", Uralchem JSC and Yara Group are the key market players.