North America Ammonia Market Size & Outlook, 2025-2028
North America Ammonia Market Size
According to Straits Research analysis, the North America Ammonia Market was valued at USD 20287.9 Million in 2024 and is projected to reach USD 28492.67 Million by 2028, expanding at a CAGR of 8.9% during the forecast period. The principal drivers elevating market growth are its applications in agriculture, chemical industries, and the energy sector. Ammonia serves as a crucial component for making fertilizers, powering market demand from the agricultural sector. It's also utilized extensively in the production of nitric acid, a significant raw material for explosives. In energy, ammonia's role in low-carbon and green production is a key contributing factor. Looking ahead, innovative technological advancements, sustainability-focused production methods, and an increase in export potential represent promising opportunities. With strategic steps towards green production and technology advancement, North America is well–poised to maintain a significant position in the global ammonia market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Ammonia Market Highlights
- In 2024, Liquid emerged as the dominant Type based on market size.
- Gas is projected to register the fastest growth, positioning it as the most attractive Type segment over the forecast horizon.
- The global ammonia market size saw North America holding a share of 12.67% in 2024.
- China is forecasted to account for the leading share of the global market by 2028.
- In North America, Canada is forecasted to be the fastest-expanding market, projected to reach USD 24106 Million by 2028.
North America 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 20287.9 Million |
| Market Size In 2028 | USD 28492.67 Million |
| Largest segment | Liquid |
| Fastest segment | Gas |
| Units | Revenue in USD Million |
| CAGR | 8.9% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
North America Ammonia Market Share By Type
Segmentation Covered
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North America Ammonia Market By Country 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Ammonia Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Ammonia Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Ammonia Market By Sales Channel 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
