Market Overview:

The global ammonia market reached a value of US$ 71.34 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 100.17 Billion by 2027, exhibiting a CAGR of 5.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Ammonia (NH3) refers to a clear, colorless gas with a strong, pungent odor. It is an inorganic compound industrially manufactured using the Haber-Bosch process that involves reacting nitrogen and hydrogen in the presence of a catalyst. It is widely used in the production of nitrogen-based fertilizers, such as urea, ammonium nitrates, ammonium phosphates and ammonium sulfate, to promote proper growth in plants and crops by discharging nitrogen into the soil. Ammonia also finds extensive applications across numerous industries, including agriculture, textile, food and beverage (F&B), pharmaceuticals, water and wastewater treatment, rubber, paper, and chemicals.

Ammonia Market Trends:

The rising need for agricultural chemicals like fertilizers to improve farm yield and meet the escalating demand for food represents the primary factor driving the growth of the market. Moreover, ammonia can quickly absorb heat from the surroundings, filter impurities, and purify liquid mediums without causing any negative environmental impacts. As a result, ammonia is rapidly gaining traction as a purifying agent in water treatment plants and refrigerant in heating, ventilation and air conditioning (HVAC) systems. Besides this, the growing usage of ammonia to manufacture commercial explosives, such as trinitrotoluene [TNT], nitroglycerin, and nitrocellulose, is augmenting the product demand. Additionally, ammonia is employed as a catalyst to fabricate synthetic resins and for dyeing and scouring silk, cotton and wool. This, in confluence with the rising product utilization in the production of plastics and synthetic fibers, such as nylon and rayon, is catalyzing the market growth. Furthermore, the increasing applications of ammonia in household cleaning agents and various metallurgical processes like the nitriding of alloy sheets to harden their surfaces are accelerating product adoption rates. Other factors, including the expanding agriculture industry, shifting focus toward energy consumption systems, emerging industrial applications, growing population and rapid urbanization, are also creating a positive market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ammonia market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on physical form, application and end use industry.

Breakup by Physical Form:

• Liquid
• Powder
• Gas
   

Breakup by Application:

• MAP and DAP
• Urea
• Nitric Acid
• Ammonium Sulfate
• Ammonium Nitrate
• Others
   

Breakup by End Use Industry:

• Agrochemical
• Industrial Chemical
• Mining
• Pharmaceutical
• Textiles
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Achema AB, BASF SE, CF Industries Holdings Inc., Koch Industries Inc., Linde plc, Nutrien Ltd, OCI N.V., Orica Limited, PJSC Togliattiazot, Saudi Basic Industries Corporation and Yara International ASA.

Report Coverage: