Ammonia Market to Grow with a CAGR of 5.58% through 2030

Surge in research and development activities is expected to drive the Global Ammonia Market growth in the forecast period, 2026-2030. 

According to TechSci Research report, “Ammonia Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Ammonia Market stood at USD 68.25 billion in 2024 and is anticipated to grow with a CAGR of 5.58% through 2030. The initiatives taken by government based on ammonia has led to favorable market conditions for the Global Ammonia Market. Several factors contribute to the growth of various ammonia products.

The U.S. Department of Energy has recently introduced a transformative initiative designed to stimulate long-term, bankable demand for clean hydrogen and ammonia production. This strategic move marks a pivotal advancement in the nation's efforts to lower carbon emissions and accelerate the transition to cleaner energy sources. By incentivizing the development and deployment of clean hydrogen and ammonia technologies, the Department is laying the groundwork for a more sustainable and low-carbon energy landscape. Similarly, in India, the state government of Andhra Pradesh has demonstrated strong commitment to green energy with the launch of its Green Hydrogen and Green Ammonia Policy in June. This forward-looking policy presents a detailed framework aimed at fostering the production and adoption of green hydrogen and ammonia within the state, positioning Andhra Pradesh as a key player in India’s clean energy transition.

Research and development (R\&D) initiatives have played a pivotal role in shaping the global ammonia market, driving technological advancements that improve production efficiency and unlock new application areas. The introduction of cleaner and more sustainable production methods, particularly green ammonia, is expected to be a major catalyst for market growth in the coming years. As governments and industries worldwide intensify efforts to transition toward a low-carbon economy, the demand for green ammonia is projected to rise, further accelerating innovation in the sector. Moreover, ongoing research into novel applications such as the use of ammonia as a hydrogen carrier is broadening the market’s scope. These emerging uses are poised to gain traction and significantly contribute to the overall expansion of the ammonia market.

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The Global Ammonia Market is segmented into form, end user, regional distribution, and company.

Based on End User, Mining have emerged as the dominant segment in the Global Ammonia Market in 2024. This is due to its critical reliance on ammonia-based compounds, particularly ammonium nitrate, for the production of explosives used in mineral extraction. Ammonia plays a vital role in blasting operations, which are essential for efficient rock fragmentation in both surface and underground mining activities. The sustained demand for metals and minerals across construction, electronics, and energy sectors has led to a consistent need for high-performance blasting agents, thereby driving ammonia consumption in the mining industry.

Based on Region, North America have emerged as the fastest growing region in the Global Ammonia Market in 2024. This is driven by a combination of favorable policy frameworks, increasing demand, and a well-established industrial base. One of the key factors contributing to this growth is the region’s significant investment in low-carbon ammonia technologies, particularly green and blue ammonia. The United States, in particular, has introduced substantial federal incentives through legislation such as the Inflation Reduction Act, which has accelerated the development of sustainable ammonia production projects. These efforts are aligned with broader national goals to decarbonize key industrial sectors and transition to cleaner energy alternatives.

Major companies operating in Global Ammonia Market are:

• BASF SE
• Casale SA
• CF Industries Holdings, Inc.
• Chambal Fertilisers and Chemicals Ltd
• Csbp Ltd.
• EuroChem Group AG
• Koch Fertilizer, LLC.
• Nutrien Ltd
• Rashtriya Chemicals and Fertilizers Limited
• SABIC

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“Nanotechnology is playing an increasingly influential role in shaping the future of the global ammonia market by enabling advancements in both production efficiency and environmental sustainability. One of the most promising applications lies in the development of nanocatalysts, which enhance the efficiency of the Haber-Bosch process—the primary method for industrial ammonia synthesis. These nanoscale catalysts offer greater surface area and improved reaction kinetics, allowing for reduced energy consumption and lower operational costs. This is particularly significant given the energy-intensive nature of traditional ammonia production,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Ammonia Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Form (Liquid, Gas, Powder), By End User (Agriculture, Textiles, Mining, Pharmaceutical, Refrigeration, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Ammonia Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Ammonia Market.

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