Canada Ammonia Market Size & Outlook, 2025-2028
Canada Ammonia Market Size
According to Straits Research analysis, the Canada Ammonia Market was valued at USD 6773.19 Million in 2024 and is projected to reach USD 9602.03 Million by 2028, expanding at a CAGR of 9.1% during the forecast period. The significant demand surge is primarily driven by applications in agriculture as a fertilizer ingredient, the chemical industry’s need for raw materials, and energy-focused uses like hydrogen production. New sustainable production methods, technological advancements, and export potential offer pivotal growth opportunities. Canada's environmental shift towards green ammonia production underlines a commitment towards low-carbon and sustainable solutions. Harnessing its natural resources and technological propensity, Canada is strategically positioning itself as a significant player in the global ammonia market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Canada 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.
- In 2024, Canada accounted for 4.23% of the global ammonia market size.
- By 2028, China is expected to lead the global ammonia market in terms of market size.
- Within North America, United States is projected to dominate the regional ammonia market size by 2028.
- Canada is identified as the fastest-growing market in North America, anticipated to reach USD 24106 Million by 2028.
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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 6773.19 Million |
| Market Size In 2028 | USD 9602.03 Million |
| Largest segment | Liquid |
| Fastest segment | Gas |
| Units | Revenue in USD Million |
| CAGR | 9.1% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Canada Ammonia Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Type |
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| End-use |
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| Sales Channel |
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Canada Ammonia Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Canada Ammonia Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Canada Ammonia Market By Sales Channel 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
