South Korea Ammonia Market Size & Outlook, 2025-2028

South Korea Ammonia Market Size

According to Straits Research analysis, the South Korea Ammonia Market was valued at USD 3350.17 Million in 2024 and is projected to reach USD 4445.71 Million by 2028, expanding at a CAGR of 7.3% during the forecast period. The thriving agricultural sector, which extensively uses ammonia in fertilizer production, is a significant driver for this market. Further impetus comes from the chemical industry due to its use in numerous downstream applications. The energy sector also contributes to demand as ammonia is used as a clean energy source. Emerging trends, such as green ammonia production practices and tech advancements have opened new vistas for this market. Moreover, South Korea's geographic location bestows it an export advantage, enhancing market growth. South Korea is strategically positioning itself as an active player in the global ammonia market, aligning with environmental practices and leveraging technological progress.