The Ammonia Market Report Segments the Industry by Type (Liquid and Gas), Application (Nitrogen Fertiliser Intermediate, Refrigerants (Industrial and Cold-Chain), Explosives and Mining Nitrates, and More), End-User Industry (Agriculture, Textiles, Mining, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (tons).

The global Ammonia market has reached around 166 million tonnes in 2024 and is expected to grow at a CAGR of 4.48% during the forecast period until 2035.

The global ammonia market size was valued at USD 83.32 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 127.10 Billion by 2033, exhibiting a CAGR of 4.3% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 55.9% in 2024. The market is driven by increasing demand for fertilizers in agriculture, growing industrial applications, rising production of chemicals and explosives, advancements in refrigeration technologies, and expanding usage in wastewater treatment. Additionally, the shift towards sustainable and eco-friendly agricultural practices further fuels market growth.

In 2021, the global green ammonia market stood at around *** thousand metric tons, up from *** thousand metric tons in the previous year. Over the next decade, this figure is forecast to grow at a compound annual growth rate (CAGR) of ** percent, reaching approximately *** million metric tons by 2030.

The global green ammonia market is projected to reach USD 85,100 million by 2035, recording an absolute increase of USD 84.6 billion over the forecast period. The market is valued at USD 475.2 million in 2025 and is set to rise at a CAGR of 68.0% during the assessment period.

The Green Ammonia Market Report is Segmented by Application (Agriculture, Marine Fuel, Power Generation, Hydrogen Carrier, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (tons).

The ammonia market size is projected to grow from $ 85.21 billion in 2024 to $156.36 billion by 2035, representing a CAGR of 5.67% during the forecast period 2024-2035.

USD 13514.7 Million in 2024; projected USD 28633.36 Million by 2033; CAGR 8.7%.

Ammonia Market size is estimated to be valued at USD 82.86 Bn in 2025 and is expected to expand at a CAGR of 6.3%, reaching USD 127.09 Bn by 2032.

The Ammonia Market will grow at a CAGR of 6.50% during the forecast period, with an estimated size and share crossing USD 451.12 billion by 2034.

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Green Ammonia Market Size 2024-2028

The green ammonia market size is forecast to increase by USD 3.21 billion, at a CAGR of 113.07% between 2023 and 2028.

Major Market Trends & Insights

Europe dominated the market and accounted for a 37% growth during the forecast period.
By the Application - Power generation segment was valued at USD 3.70 billion in 2022
By the Technology - Alkaline water electrolysis segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 48.00 million
Market Future Opportunities: USD 3209.70 million
CAGR : 113.07%
Europe: Largest market in 2022

Market Summary

The market is experiencing significant traction, fueled by increasing investments from various industries. According to recent reports, the market is expected to witness substantial growth in the coming years, with the demand for green ammonia increasing in sectors like agriculture, energy, and industry. The market's expansion can be attributed to the numerous advantages of green ammonia over its traditional counterpart. Green ammonia, produced using renewable energy sources, offers a more sustainable alternative to the fossil fuel-based ammonia production process. This shift towards greener production methods is gaining momentum as businesses aim to reduce their carbon footprint and comply with stringent environmental regulations.
Despite the promising outlook, the high cost of producing green hydrogen, a key component in green ammonia production, remains a significant challenge. However, advancements in technology and economies of scale are expected to drive down production costs, making green ammonia a more competitive and attractive option for businesses. The market's evolution is further influenced by the growing adoption of hydrogen as a clean energy carrier and the increasing demand for low-carbon fuels. As the market continues to unfold, it presents significant opportunities for businesses across various sectors, particularly those looking to decarbonize their operations and contribute to a more sustainable future.

What will be the Size of the Green Ammonia Market during the forecast period?

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The market is experiencing significant growth, driven by the increasing demand for sustainable energy solutions and the need to reduce carbon emissions. Two key factors contributing to this growth are the cost-benefit analysis of ammonia injection into natural gas pipelines and the regulatory framework supporting the use of renewable hydrogen for ammonia production. For instance, ammonia injection can increase the energy density of natural gas, enabling more efficient transportation and storage.
Additionally, the use of renewable hydrogen in ammonia production reduces the carbon footprint, aligning with global sustainability goals. Despite these opportunities, challenges remain, including scale-up challenges, catalyst deactivation, and regulatory hurdles. For example, the commercialization of green ammonia production through alkaline electrolysis, thermal decomposition, or solid oxide electrolysis requires significant investments in reactor optimization, gas purification, and process modeling. Nevertheless, ongoing research in plasma synthesis, ammonia oxidation, catalytic reforming, and other technologies continues to advance the technical feasibility of green ammonia production and hydrogen refueling.

How is this Green Ammonia Industry segmented?

The green ammonia industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Power generation
  Transportation
  Industrial feedstock
  Others


Technology

  Alkaline water electrolysis
  Proton exchange membrane
  Solid oxide electrolysis


Geography

  North America

    US


  Europe

    Germany
    Russia


  APAC

    Australia
    China


  Rest of World (ROW)

By Application Insights

The power generation segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth, driven by the increasing demand for clean energy and the need to reduce carbon emissions. According to recent studies, the market for green ammonia production is projected to expand by 15% in the upcoming year, as industries shift towards more sustainable production methods. Moreover, the global ammonia market is expected to reach a size of 150 million metric tons by 2026, representing a 12% increase from the current market size. Key trends in the market include the adoption of advanced purification techniques, such as membrane separation and pressure swing adsorption, to improve the

The global ammonia market size reached a volume of approximately 194.80 MMT in 2024. The market is assessed to grow at a CAGR of 1.90% in the forecast period of 2025-2034 to reach a volume of around 235.14 MMT by 2034.

Global green ammonia market size is expected to grow from USD 701 million in 2024 to USD 2,672 million in 2025 and USD 55,056 million by 2032, at CAGR of 54.1%

The blue ammonia market size is predicted to rise from $370 million in 2024 to $62.66 billion by 2035, growing at a CAGR of 59.33% from 2024 to 2035.

Ammonia market size was USD 71.99 Billion in 2021 and is expected to register a revenue CAGR of 6.5% during the forecast period, rising demand for ammonia in fertilizers and household cleaning products and rising demand for clean fuel in energy production are key factors driving revenue growth of the global market.

India Ammonia market has reached around 19 million tonnes in FY2023 and is expected to further grow at a CAGR of 3.9% during the forecast period until FY2034.

The global ammonia market, valued at $75.39 billion in 2025, is projected to exhibit a steady growth trajectory, driven primarily by its crucial role in fertilizer production to meet the escalating global food demand. The 1.1% CAGR indicates a moderate yet consistent expansion, reflecting both opportunities and challenges within the sector. Growth is expected to be fueled by increasing agricultural activities, particularly in developing economies experiencing population growth and rising disposable incomes. Furthermore, the rising demand for ammonia in industrial applications, such as the production of nitric acid, urea, and other nitrogen-based chemicals, contributes to market expansion. However, environmental concerns surrounding ammonia emissions and the volatility of raw material prices, such as natural gas (a key feedstock), pose significant restraints on market growth. Stringent environmental regulations aimed at reducing greenhouse gas emissions are likely to necessitate investments in cleaner production technologies, impacting market dynamics. Competition among major players, including Yara, CF Industries, and Nutrien, is intense, driving innovation and efficiency improvements. Regional variations in growth rates are anticipated, with developing regions likely to experience faster expansion than mature markets due to differences in agricultural practices and infrastructure development. The forecast period of 2025-2033 presents opportunities for companies to leverage technological advancements, optimize production processes, and strategically expand into high-growth markets. The market segmentation, while not explicitly provided, likely includes various forms of ammonia (e.g., anhydrous ammonia, aqueous ammonia), application segments (e.g., fertilizers, industrial chemicals), and geographical regions. Understanding the nuances within these segments is crucial for effective market analysis. Future growth will depend on factors such as global food security policies, technological advancements in ammonia production, and the price of natural gas, along with the implementation of effective environmental regulations that balance sustainable practices with economic viability. The continued dominance of established players alongside the emergence of innovative technologies and new entrants will continue to shape the competitive landscape of the ammonia market in the coming years.

The size of the Green Ammonia Market was valued at USD 411.35 million in 2023 and is projected to reach USD 91710.02 million by 2032, with an expected CAGR of 116.5 % during the forecast period. Green ammonia is actually ammonia which gets manufactured using renewable energy sources in the production process. While ammonia remains an important component of fertilizers and industrial chemicals, its traditional production is based on the Haber-Bosch process, which relies heavily on natural gas. Green ammonia utilizes green hydrogen, produced by electrolysis of water using renewable electricity as its feedstock. This process carbon-free thus removes carbon emissions while making green ammonia a superior alternative for production compared to conventionally produced ammonia. This increasing global demand towards sustainable agriculture solutions and industries have made green ammonia a potential vital component for helping the fertilizer sector reduce carbon footprints further and achieving set energy transition milestones. Further still, green ammonia is under potential research and discovery as a form of hydrogen-based carrier in matters of energy storage and transportation. Because green ammonia is part of renewable energy technology, with further advances, more will be produced and utilized toward global sustainability and decarbonization.

India Ammonia Market achieved a total market volume of 16.23 Million Tonnes in 2024 and is expected to reach 21.32 Million Tonnes by 2030 with a CAGR of 4.85% during the forecast period.

The global ammonia market is projected to reach a value of XX million by 2033, expanding at a CAGR of 1.89% during the forecast period. This growth is primarily driven by the increasing demand for ammonia in the agriculture industry, where it is used as a fertilizer. Other factors contributing to market growth include its applications in textiles, mining, pharmaceutical, refrigeration, and other industries. In terms of region, Asia Pacific held the largest share of the global ammonia market in 2025, and is expected to maintain its dominance throughout the forecast period. This dominance can be attributed to the region's large population and growing agricultural industry. North America and Europe are other significant markets for ammonia, with both regions expected to witness steady growth in the coming years. Recent developments include: March 2024: Yara collaborated with GHC SAOC, a wholly-owned subsidiary of Acme Cleantech. Under this collaboration, ACME will provide YARA with ammonia with reduced CO2 emissions. This collaboration covers the supply of 100,000 tons per annum of renewable ammonia., December 2023: CF Industries Holdings Inc. completed the acquisition of Incitec Pivot Limited’s (IPL) Waggaman ammonia production facility for USD 1.675 billion. This acquisition added 880,000 tons of ammonia production annually to the company’s existing production capability.. Key drivers for this market are: Abundant Use in the Fertilizer Industry, Increasing Usage to Produce Explosives. Potential restraints include: Hazardous Effects in its Concentrated Form. Notable trends are: The Agriculture Industry is Expected to Dominate the Market.