Global Ammonia Market Size & Outlook, 2025-2028
Global Ammonia Market Size
According to Straits Research analysis, The Global Ammonia Market was valued at USD 160135.47 Million in 2024 and is projected to reach USD 215608.73 Million by 2028, expanding at a CAGR of 7.7% during the forecast period. The primary demand drivers are agriculture, chemicals, and energy industries, where it is used in fertilizers, industrial refrigerants, and power generation respectively. Emerging opportunities lie in low-carbon and green production methods, aligning with global sustainability goals. Technological advancements can facilitate greater efficiency, while strong export potential can fuel market growth. The Asia-Pacific region, with its significant agricultural sectors and growing industrial base, is increasingly positioning itself as a prominent player in the worldwide ammonia market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Ammonia Market Highlights
- Within the Type category, Liquid dominated in 2024 in terms of market size contribution.
- Over the forecast period, Gas is forecasted to deliver the fastest growth, positioning it as the most lucrative Type segment.
- Global accounted for % of the global ammonia market size in 2024.
- By 2028, China is expected to remain the top global market in terms of size.
- Within Global, North America is forecasted to dominate the regional ammonia market size by 2028.
- Asia Pacific will be the fastest-growing market in Global, projected to achieve USD 215275.32 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 160135.47 Million |
| Market Size In 2028 | USD 215608.73 Million |
| Largest segment | Liquid |
| Fastest segment | Gas |
| Units | Revenue in USD Million |
| CAGR | 7.7% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Global Ammonia Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
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Global Ammonia Market By Region 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Ammonia Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Ammonia Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Ammonia Market By Sales Channel 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
