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Ammonia Market Analysis, Share, Industry, Opportunities 2031

Ammonia Market

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Segments - 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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Author :

Riddhesh Dani

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Harneet Meher

Editor :

Shruti Bhat

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.

Attributes	Details
Report Title	Ammonia Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2021
Historic Data	2019–2020
Forecast Period	2022 – 2030
Segmentation	Types (Powder, Gas, and Liquid) and Applications (Textile, Pharmaceuticals, Refrigerants, Fertilizers, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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

Applications

Textile
Pharmaceuticals
Refrigerants
Fertilizers
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

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.

Table Of Content

1. Executive Summary
2. 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 (000â€™ 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.

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