Argentina Ammonia Market Size
According to Straits Research analysis, the Argentina Ammonia Market was valued at USD 5662.33 Million in 2024 and is projected to reach USD 7708.91 Million by 2028, expanding at a CAGR of 8% during the forecast period. This growth can largely be attributed to the high consumption in agricultural industries for fertilizer production, significant input in various chemical processes and its crucial role in energy sectors for hydrogen storage and fuel cells. Furthermore, emerging trends like green and low-carbon ammonia production, complimented by advanced technologies and sustainability initiatives augment the market appeal. The potential for robust export opportunities further amplifies the revenue prospects. In summary, Argentina is strategically cementing its position in the global ammonia market by leveraging both traditional usage and innovative applications.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Argentina Ammonia Market Highlights
- Liquid held the leading position among Type segments in 2024, based on market size.
- Gas is projected to post the fastest growth rate, sustaining its position as the most attractive Type segment during the forecast horizon.
- Argentina accounted for 3.54% of the global ammonia market size in 2024.
- By 2028, China is expected to remain the top global market in terms of size.
- Within Latin America, Rest of Latin America is forecasted to dominate the regional ammonia market size by 2028.
- Mexico will be the fastest-growing market in Latin America, projected to achieve USD 4707 Million by 2028.
Argentina Ammonia Market Revenue Share 2024
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Report Summary
| Report Scope |
Details |
| Base Year for Study |
2024 |
| Study Period |
2019-2028 |
| Historical Period |
2019-2023 |
| Forecast Period |
2025-2028 |
| Market Size In 2024 |
USD 5662.33 Million |
| Market Size In 2028 |
USD 7708.91 Million |
| Largest segment |
Liquid |
| Fastest segment |
Gas |
| Units |
Revenue in USD Million |
| CAGR |
8% (2025-2028) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Argentina Ammonia Market Share By Type
Segmentation Covered
| Segments |
Sub Segments |
| Type |
- Liquid
- Gas
|
| End-use |
- Agriculture
- Textile
- Mining
- Pharmaceutical
- Refrigeration
- Others
|
| Sales Channel |
- Direct
- Distribution
|
Argentina Ammonia Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Argentina Ammonia Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Argentina Ammonia Market By Sales Channel 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.