Mexico Ammonia Market Size & Outlook, 2025-2028
Mexico Ammonia Market Size
According to Straits Research analysis, the Mexico Ammonia Market was valued at USD 2348.1 Million in 2024 and is projected to reach USD 3197.25 Million by 2028, expanding at a CAGR of 8% during the forecast period. The primary applications driving demand include its use in fertilisers, aiding Mexico's robust agricultural sector, and in the production of chemicals. Further, ammonia's use in the energy industry as a hydrogen source is rising. Opportunities are emerging through green production methods and sustainability trends in ammonia production. Technological advancements can further boost this market's growth. Moreover, Mexico's high export potential offers an expansion outlook. As Mexico continues to bolster its industrial capabilities, the country is strategically positioning itself to become a pivotal player in the global ammonia market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Ammonia Market Highlights
- By segment, Liquid emerged as the largest Type in terms of market size in 2024.
- Gas is anticipated to remain the most attractive Type segment, recording the fastest growth during the forecast period.
- As of 2024, Mexico held 1.47% of the global ammonia market size.
- By 2028, China is anticipated to capture the largest share of the global ammonia market.
- In Latin America, Rest of Latin America is expected to lead the regional ammonia market size by 2028.
- Mexico will remain the fastest-growing market in Latin America, reaching USD 4707 Million by 2028.
Mexico 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 2348.1 Million |
| Market Size In 2028 | USD 3197.25 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 |
Mexico Ammonia Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
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| Type |
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| End-use |
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| Sales Channel |
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Mexico Ammonia Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Ammonia Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Ammonia Market By Sales Channel 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
