Straitsresearchtrendingreports: Ammonia Market Size to Reach USD 308.71 Billion by 2033, Driven by Green Energy Transition and Agricultural Demand

The global ammonia market is on an upward trajectory, projected to grow from USD 171.66 billion in 2025 to USD 308.71 billion by 2033, registering a CAGR of 7.6%. This growth is propelled by rising demand for nitrogen-based fertilizers, increasing usage of ammonia solution in agriculture and industry, and a shift toward green energy applications like hydrogen storage and transportation.

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What is Ammonia?

Ammonia is a colorless gas with a distinct ammonia smell, highly soluble in water, forming ammonia solution. Chemically known as NH₃, the ammonia formula makes it a basic compound widely used in fertilizers, cleaning products (like sudsy ammonia), and industrial processes. It plays a key role in agriculture, refrigeration, textile manufacturing, and chemical synthesis.

Market Segmentation

By Type: Liquid and Gas
By End Use: Agriculture, Textile, Mining, Pharmaceutical, Refrigeration, and Others
By Sales Channel: Direct and Distribution

Regional Insights

Asia Pacific – Leading Region

Accounting for over 60% of the global market share, APAC leads due to high agricultural demand, particularly in China and India, where ammonia price stability and fertilizer production are key priorities.

North America – Fastest Growing Market

The U.S. continues its momentum in decarbonized ammonia and green ammonia production through initiatives that lower dependency on fossil fuels and manage emissions from ammonia synthesis.

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Company Competitive Landscape

CF Industries Holdings Inc.
Yara International
Koch Industries Inc.
SABIC
BASF SE
R. Simplot Co. – Notably recognized for ENERGY STAR-certified fertilizer plants.
IFFCO, Sumitomo Chemical, and others.

Market Outlook

As bleach and ammonia are commonly used cleaning agents, the industry sees new safety protocols to avoid dangerous chemical combinations. Moreover, with growing environmental regulations, the global market is shifting toward green ammonia—supporting a cleaner, sustainable future while maintaining economic growth.