Ammonia Market Analysis, Share, Industry, Opportunities 2031
Ammonia Market Analysis, Share, Industry, Opportunities 2031
Segments - Ammonia Market by Types (Powder, Gas, and Liquid), Applications (Textile, Pharmaceuticals, Refrigerants, Fertilizers, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
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| Report ID :MC-4188
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| 187 Pages
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Report Description
The ammonia market size was valued at USD 71 billion in 2021 and is projected to reach USD 110 billion by 2030, expanding at a CAGR of around 6% during the forecast period, 2022 – 2030. The growth of the market is attributed to increasing demand from fertilizers industry.
Ammonia is a colorless, unpleasant gas with a strong stifling odor. Ammonia (NH3) is one of the most widely manufactured industrial compound. It is utilized in industry and trade, and is found in environment and humans the naturally. Ammonia is a pioneer for nucleotide synthesis and amino acid and is vital for several organic functions. Ammonia is created in soil by bacterial activities and is part of the nitrogen cycle in the environment. Natural sources of ammonia include animal excrement, plants, and animals.
The Covid-19 pandemic affected the demand and supply of ammonia market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increased population has surged the demand for agriculture and food products, which is one of the key factors driving the market.
- Growing usage of ammonia as refrigerant is expected to fuel the market during the forecast period.
- Development and expansion of agriculture sector is projected to boost the market during the projected period.
- Harmful consequences of concentrated ammonia are anticipated to impede the market growth.
- R&D investment and technological advancement is projected to create immense opportunities for the market players during the forecast period.
Scope of the Report
The report on the global ammonia market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Ammonia Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2021 |
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Historic Data |
2019–2020 |
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Forecast Period |
2022 – 2030 |
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Segmentation |
Types (Powder, Gas, and Liquid) and Applications (Textile, Pharmaceuticals, Refrigerants, Fertilizers, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
China National Petroleum Corporation; Haifa Chemicals Ltd.; China Petroleum & Chemical Corporation; Jiangsu Huachang Chemical Co., Ltd; Rashtriya Chemicals & Fertilizers Ltd.; Trammo, Inc.; Mitsubishi Gas Chemical Co., Inc.; Shanxi Jinfeng Coal Chem; Orica Limited; Huaqiang Chem Group; PotashCorp; CF Industries Holdings, Inc.; BASF SE; and Yara International |
Market Segment Insights
The liquid segment dominated the market
Based on types, the market is segregated into powder, gas, and liquid. The liquid segment dominated the market in 2021 and is projected to expand at a CAGR of around 5% during the forecast period. Growth of the segment is attributed to increased demand for the product in end-use applications. Anhydrous ammonia is the purest form of ammonia, as it contains no water molecules. It is a noxious gas that produces stifling vapors and is mostly utilized as a fertilizer. When utilized as an agricultural fertilizer, it is compressed into a colorless, transparent liquid. It is made up of one part nitrogen and three parts hydrogen. In its diluted state, the chemical can be utilized in industrial cleaning as well as in the production and synthesis of various compounds. The liquid form of ammonia is commonly used. It is crushed into a liquid and combined with various plant enhancers before being used in fertilizers.
Fertilizers segment accounted for a major market share of around 40%
On the basis of applications, the market is fragmented into textile, pharmaceuticals, refrigerants, fertilizers, and others. The fertilizers segment accounted for a major market share of around 40% in 2021. It is a significant supplier of nitrogen, which is required for plant growth. It is also utilized in the production of urea, aqua ammonia, and ammonium nitrate which are all liquid fertilizer solutions. As it reacts quickly with soil water, free hydrogen ions, organic matter, and clay particles ammonia is commonly utilized in agricultural applications. The others segment includes leather, pulp & paper, rubber, water and wastewater treatment, metallurgical processes, food & beverages, industrial & household cleaning, pharmaceuticals, and textiles. Ammonia is utilized as a refrigerant owing to its low cost, improved heat transfer qualities, compact pipe size, environmental friendliness, and high efficiency.
Asia Pacific dominated the market
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific dominated the market in 2021. China is the major producer of ammonia in the region. Ammonia is mostly manufactured in China by coal gasification, whereas it is primarily obtained globally through natural gas. On a global scale, the industry has seen a steady decline in pricing over the last two years.
Segments
The global ammonia market has been segmented on the basis of
Types- Powder
- Gas
- Liquid
- Textile
- Pharmaceuticals
- Refrigerants
- Fertilizers
- Others
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- China National Petroleum Corporation
- Haifa Chemicals Ltd.
- China Petroleum & Chemical Corporation
- Jiangsu Huachang Chemical Co., Ltd
- Rashtriya Chemicals & Fertilizers Ltd.
- Trammo, Inc.
- Mitsubishi Gas Chemical Co., Inc.
- Shanxi Jinfeng Coal Chem
- Orica Limited
- Huaqiang Chem Group
- PotashCorp
- CF Industries Holdings, Inc.
- BASF SE
- Yara International
Competitive Landscape
Key players competing in the ammonia market include China National Petroleum Corporation; Haifa Chemicals Ltd.; China Petroleum & Chemical Corporation; Jiangsu Huachang Chemical Co., Ltd; Rashtriya Chemicals & Fertilizers Ltd.; Trammo, Inc.; Mitsubishi Gas Chemical Co., Inc.; Shanxi Jinfeng Coal Chem; Orica Limited; Huaqiang Chem Group; PotashCorp; CF Industries Holdings, Inc.; BASF SE; and Yara International. Some of these players are using several market strategies such as mergers, collaborations, acquisitions, partnerships, and product launches to enhance their market shares and generate revenue in the coming years.
- In April 2021, Thyssenkrupp has signed acquisition and engineering contracts with CF Industries Holdings, Inc. for its green NH3 project in Donaldsonville, Louisiana.
- In June 2019, the fertilizer business EuroChem Group AG has launched a new NH3 production plant in Kingisepp, Russia, called EuroChem Northwest.
Frequently Asked Questions
The ammonia is projected to reach USD 110 billion by 2030.
The ammonia market is projected to expand at a CAGR of around 6% during the forecast period, 2022 – 2030.
Fertilizers segment accounted for a major market share of around 40% in 2021.
Asia Pacific dominated the market in 2021.
Orica Limited; Huaqiang Chem Group; PotashCorp; CF Industries Holdings, Inc.; BASF SE; and Yara International are some of the top players in the market.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Ammonia Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ammonia Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ammonia Market - Supply Chain
4.5. Global Ammonia Market Forecast
4.5.1. Ammonia Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ammonia Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Ammonia Market Absolute $ Opportunity
5. Global Ammonia Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Ammonia Market Size and Volume Forecast by Types
5.3.1. Powder
5.3.2. Gas
5.3.3. Liquid
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Ammonia Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Ammonia Market Size and Volume Forecast by Applications
6.3.1. Textile
6.3.2. Pharmaceuticals
6.3.3. Refrigerants
6.3.4. Fertilizers
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Ammonia Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Ammonia Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Ammonia Demand Share Forecast, 2019-2026
8. North America Ammonia Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Ammonia Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Ammonia Market Size and Volume Forecast by Types
8.4.1. Powder
8.4.2. Gas
8.4.3. Liquid
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Ammonia Market Size and Volume Forecast by Applications
8.7.1. Textile
8.7.2. Pharmaceuticals
8.7.3. Refrigerants
8.7.4. Fertilizers
8.7.5. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Ammonia Demand Share Forecast, 2019-2026
9. Latin America Ammonia Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Ammonia Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Ammonia Market Size and Volume Forecast by Types
9.4.1. Powder
9.4.2. Gas
9.4.3. Liquid
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Ammonia Market Size and Volume Forecast by Applications
9.7.1. Textile
9.7.2. Pharmaceuticals
9.7.3. Refrigerants
9.7.4. Fertilizers
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Ammonia Demand Share Forecast, 2019-2026
10. Europe Ammonia Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Ammonia Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Ammonia Market Size and Volume Forecast by Types
10.4.1. Powder
10.4.2. Gas
10.4.3. Liquid
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Ammonia Market Size and Volume Forecast by Applications
10.7.1. Textile
10.7.2. Pharmaceuticals
10.7.3. Refrigerants
10.7.4. Fertilizers
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Ammonia Demand Share Forecast, 2019-2026
11. Asia Pacific Ammonia Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Ammonia Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Ammonia Market Size and Volume Forecast by Types
11.4.1. Powder
11.4.2. Gas
11.4.3. Liquid
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Ammonia Market Size and Volume Forecast by Applications
11.7.1. Textile
11.7.2. Pharmaceuticals
11.7.3. Refrigerants
11.7.4. Fertilizers
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Ammonia Demand Share Forecast, 2019-2026
12. Middle East & Africa Ammonia Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Ammonia Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Ammonia Market Size and Volume Forecast by Types
12.4.1. Powder
12.4.2. Gas
12.4.3. Liquid
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Ammonia Market Size and Volume Forecast by Applications
12.7.1. Textile
12.7.2. Pharmaceuticals
12.7.3. Refrigerants
12.7.4. Fertilizers
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Ammonia Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Ammonia Market: Market Share Analysis
13.2. Ammonia Distributors and Customers
13.3. Ammonia Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. China National Petroleum Corporation
13.4.2. Haifa Chemicals Ltd.
13.4.3. China Petroleum & Chemical Corporation
13.4.4. Jiangsu Huachang Chemical Co., Ltd
13.4.5. Rashtriya Chemicals & Fertilizers Ltd.
13.4.6. Trammo, Inc.
13.4.7. Mitsubishi Gas Chemical Co., Inc.
Methodology
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