Saudi Arabia Ammonia Market Size & Outlook, 2025-2028
Saudi Arabia Ammonia Market Size
According to Straits Research analysis, the Saudi Arabia Ammonia Market was valued at $2992.87 Million in 2024 and is projected to reach about $4118.51 Million by 2028, registering a CAGR of 8.3% during the forecast period. The primary driving force behind this growth is the rising demand for ammonia in various industries, particularly agriculture and chemical industries for fertilizers and industrial chemicals production respectively. The market is also stimulated by the rising demand in the energy sector for low-carbon and green ammonia productions. Technological advancements augment the market growth by improving production efficiency and exporting capacity. Saudi Arabia is strategically positioning itself as a leader in ammonia production owing to its vast natural gas reserves, robust infrastructure, and significant export potential.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Saudi Arabia Ammonia Market Highlights
- In 2024, Liquid accounted for the highest share of the Type market size.
- During the forecast period, Gas is set to register the highest growth, making it the most lucrative Type segment.
- In 2024, Saudi Arabia represented 1.87% of the overall global ammonia market size.
- China is projected to lead the global ammonia market size by 2028.
- Across Middle East And Africa, Rest of MEA is anticipated to hold the dominant position in market by 2028.
- South Africa is forecasted to expand at the fastest pace in Middle East And Africa, attaining USD 5913 Million by 2028.
Saudi Arabia 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 2992.87 Million |
| Market Size In 2028 | USD 4118.51 Million |
| Largest segment | Liquid |
| Fastest segment | Gas |
| Units | Revenue in USD Million |
| CAGR | 8.3% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Saudi Arabia 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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Saudi Arabia Ammonia Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Saudi Arabia Ammonia Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Saudi Arabia Ammonia Market By Sales Channel 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
