Russia Ammonia Market Size & Outlook, 2025-2028
Russia Ammonia Market Size
According to Straits Research analysis, the Russia Ammonia Market was valued at USD 6278.73 Million in 2024 and is projected to reach USD 7949.2 Million by 2028, expanding at a CAGR of 6.1% during the forecast period. The primary areas driving this growth include the agriculture sector, where ammonia is used extensively in fertilizers, and the burgeoning chemical industry, where it is employed to manufacture various products such as nitric acid. Energy needs, particularly in fuel cells, are further contributing to the upsurge in demand. Emerging trends are also shaping this market; eradicating carbon footprint through green production methods is creating new opportunities. Technological advancements and export potential are additional growth stimulants. As Russia pivots towards green and technological solutions to enhance its agriculture and chemical industries strength, it aims to solidify its position in the global ammonia market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Russia 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.
- Russia accounted for 3.92% of the global ammonia market size in 2024.
- By 2028, China is expected to remain the top global market in terms of size.
- Within CIS, Russia is forecasted to dominate the regional ammonia market size by 2028.
- Ukraine will be the fastest-growing market in CIS, projected to achieve USD 1865.48 Million by 2028.
Russia 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 6278.73 Million |
| Market Size In 2028 | USD 7949.2 Million |
| Largest segment | Liquid |
| Fastest segment | Gas |
| Units | Revenue in USD Million |
| CAGR | 6.1% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Russia 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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Russia Ammonia Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Russia Ammonia Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Russia Ammonia Market By Sales Channel 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
