In 2021, the green ammonia market generated revenue of some 16.8 million U.S. dollars worldwide, up from 10.7 million dollars in the previous year. Over the next decade, this market is forecast to grow at a compound annual growth rate (CAGR) of 90.4 percent, reaching approximately 4.8 billion dollars by 2030.

In 2021, Europe was the largest market for green ammonia, with a revenue of more than eight million U.S. dollars. This was more than double the revenue of runner-up North America. The European market is forecast to maintain its leading position at least until 2030, when it is to generate some 2.5 billion U.S dollars in revenue. Nevertheless, the Asia-Pacific market is expected to record the highest growth in the period, at a compound annual growth rate (CAGR) of 92.2 percent from 2022 to 2030.

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.

This statistic shows the market revenue of ammonia in the United States in 2014 and 2015, with forecasted figures for 2016 to 2025. It is forecasted that the market revenue of ammonia in the U.S. will amount to some 9.2 billion U.S. dollars in 2025.

According to Cognitive Market Research, the global Aqua Ammonia market size will be USD 612.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 245.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 183.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 140.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 30.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 12.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
The Electronic Grade held the highest Aqua Ammonia market revenue share in 2024.

Market Dynamics of Aqua Ammonia Market

Key Drivers for Aqua Ammonia Market

Growing Demand for Agricultural Practices

Aqua ammonia is critical to the production of fertilizers that have a nitrogen foundation since it is a key component. One of these factors is the increasing need for fertilizers that has arisen as a consequence of greater crop yields and increased agricultural output on a global scale. In the agricultural industry, it is commonly used as a source of ammonia for the production of fertilizers. There is a possibility that the market for aqua ammonia might be influenced by agricultural developments like as precision farming and the focus placed on boosting crop yields.

Increasing Demand for the Product as a Natural Refrigerant

Ammonia is becoming increasingly necessary in fertilizers and refrigerants. NH3 fertilizers are in high demand due to the increasing global population, increasing food demands, and a decrease in arable land. Consequently, the market will expand. Ammonia is frequently utilized in large-scale refrigeration facilities, and it is available in both liquid and gaseous forms. It is firmly advised due to its considerable cost savings of 10–20% over systems that utilize CFCs. Furthermore, the substance is considered a natural refrigerant due to its lack of direct contribution to ozone depletion or greenhouse gas emissions. Furthermore, NH3 possesses favorable thermodynamic properties that enable it to produce refrigeration with minimal energy input. During the anticipated period, these factors are expected to stimulate the growth of the product market.

Restraint Factor for the Aqua Ammonia Market

Toxicity and Safety Concerns

Exposure to excessive quantities of aqua ammonia can be hazardous due to its caustic nature. It has the ability to cause irritation to the skin, eyes, and respiratory system. It is imperative to implement suitable safety measures, including the use of personal protective equipment, when working with aqua ammonia. Extreme caution is required when handling and storing aqua ammonia due to its caustic nature. Proper storage conditions, such as well-ventilated chambers and secure containers, can prevent accidents. Therefore, it is anticipated that these factors will impede the expansion of the aqua ammonia market during the forecast period.

Impact of Covid-19 on the Aqua Ammonia Market

The worldwide COVID-19 pandemic has been unprecedented and devastating, with demand across all areas falling below pre-pandemic levels. Due to market expansion and demand reverting to pre-pandemic levels, CAGR rose suddenly. The worldwide epidemic has disrupted global supply chains in several industries. Movement restrictions, lockdowns, and additional measures have disrupted chemical manufacture, distribution, and transportation, which may impair Aqua Ammonia's supply. Chemical demand has fluctuated throughout the outbreak. Due to changing priorities and economic instability, Aqua Ammonia demand may have shifted in water treatment and agriculture (for fertilizers). Introduction of the Aqua Ammonia Market

Aqua ammonia, or ammonium hydroxide, is a solution that is produced when ammonia gas (NH3) is dissolved in water (H2O). ...

Ammonia Market size was valued to be USD 83.22 Billion in the year 2024 and it is expected to reach USD 134.47 Billion in 2031, at a CAGR of 6.82 % over the forecast period of 2024 to 2031.

Global Ammonia Market Drivers

The market drivers for the Ammonia Market can be influenced by various factors. These may include:

Sector of Agriculture: Ammonia is needed to produce fertilizers, especially urea. Crop production and other agricultural operations are directly related to the demand for ammonia. Demand for agricultural goods rises in response to changes in dietary choices and worldwide population growth, which in turn drives demand for ammonia.
Ammonia finds extensive usage in a range of industrial processes, such as the production of nitrogen-based compounds such as nitric acid and ammonium nitrate. Ammonia is used in the manufacturing of textiles, plastics, explosives, medicines, and other products, which increases demand overall.
Infrastructure Development: Large-scale refrigeration units, such those in food storage warehouses, cold storage facilities, and ice producing plants, employ ammonia as a coolant and in their refrigeration systems. Ammonia demand is fueled by the ongoing construction of infrastructure, particularly in emerging nations where refrigeration and cooling systems are becoming more and more necessary.
Environmental rules: The demand for ammonia may be impacted by environmental rules that are designed to lower greenhouse gas emissions and improve air quality. Ammonia, for example, can be utilized as a feedstock for the creation of green energy through hydrogen synthesis or as a clean alternative fuel for vehicles. Policies that support sustainable development and clean energy may open up new markets for ammonia.
Technological developments: By altering production costs and supply availability, improvements in ammonia manufacturing procedures, such as those using Haber-Bosch synthesis or the creation of more effective and ecologically friendly production techniques, can impact market dynamics.
Global Economic Conditions: The demand for ammonia is influenced by the expansion of economies and industrial activity in major economies. The demand for ammonia can be driven or restrained by variables like GDP growth rates, industrial output, and investments in infrastructural projects.
Energy Prices: A major factor in determining the cost of producing ammonia is the price and accessibility of energy sources, especially natural gas. Changes in energy costs have the potential to impact market dynamics and ammonia production’s competitiveness.

According to Cognitive Market Research, the global Anhydrous Ammonia market size will be USD 72142.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 28857.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 21642.78 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 16592.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 3607.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1442.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
The Agricultural Anhydrous Ammonia category is the fastest growing segment of the Anhydrous Ammonia industry

Market Dynamics of Anhydrous Ammonia Market

Key Drivers for Anhydrous Ammonia Market

Increasing Demand for Fertilizers to Boost Market Growth

Ammonia is used extensively in agriculture because it increases crop yield and, consequently, food security. Due to the world's population growth, there is a significant demand for goods like fertilisers. The International Fertiliser Association provided the data used to analyse the global consumption of ammonia in fertilisers for the years 2019 to 2022. The data, which is displayed in the figure below, demonstrates the fluctuations in ammonia consumption in fertilisers. Its constant elevation, however, emphasises its significance for contemporary agriculture. China, India, the United States, and Brazil are among the major agricultural nations that depend on ammonia to produce nitrogen fertilizers. For instance, it is predicted that there will be more than 9 billion people on the planet by 2050. A 60–70% increase in food production is needed to fulfil the rising demand./p>

Ammonia Demand Will Rise as Researchers Work to Reduce Greenhouse Gas to Drive Market Growth

Ammonia, which is needed to generate fertilisers, is often made using the Haber-Bosch process from nitrogen and hydrogen. Around 1.8% of the world's CO2 emissions are caused by its production using traditional fossil fuel-based methods. Researchers from the University of Minnesota and the University of Illinois at Chicago have been experimenting with a new electrolysis technique that produces an average of 2.8 tonnes of CO2 per tonne of NH3 while using about the same amount of energy as the conventional method. Furthermore, 2.65 tonnes of CO2 would be produced during the electrolysis process if power from fossil fuels were used, while renewable energy sources might result in zero carbon emissions. Furthermore, the researchers are assessing the potential for employing airborne NH3 instead as a source of purified nitrogen gas.

Restraint Factor for the Anhydrous Ammonia Market

Fluctuating Raw Material Prices Will Limit Market Growth

Natural gas and coal are the primary raw materials required to make ammonia, and their prices fluctuate due to geopolitics, speculation, and changes in energy regulations. Changes in demand periods or supply disruptions, as well as advancements in extraction and exploration technology, can all cause fluctuations in the price of natural gas. Ammonia is produced using a volatile raw material, and fluctuations in the price of the raw material directly affect the prices of ammonia on the market.

Impact of Covid-19 on the Anhydrous Ammonia Market

The Asia Pacific fertiliser market supply chain has been severely impacted by the COVID-19 outbreak. Road and port congestion, delays in customs clearances, and disruptions in local and international transportation systems all had an impact on crop producers by limiting their access to fertilisers. Due to farmers' inability to obtain raw materials, the reliance on oilseed and grain production on these characteristics has led to decreased productivity. For example, the Indian government is keeping a careful eye on fertiliser production...

The Ammonia Market Report is Segmented by Type (Liquid and Gas), End-User Industry (Agriculture, Textiles, Mining, Pharmaceutical, Refrigeration, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Report Offers the Market Sizes and Forecasts for all the Above Segments in Terms of Volume (tons).

Global Blue Ammonia Market size will exceed a valuation of USD 22.91 million by 2032, to grow at a CAGR of 5.90% during the forecast period.

In 2021, the total revenue of the green ammonia market in the Middle East and Africa (MEA) region amounted to approximately 0.66 million U.S. dollars. The revenue was forecast to increase significantly over the next decade, exceeding 128 million U.S. dollars by 2030.

The global green ammonia market size is estimated to reach US$ 82.4 million in 2023. The market is projected to register a stupendous CAGR of 68%, driven by surging requirements for green ammonia from end uses like power generation and agriculture. The overall market is poised to attain a valuation of US$ 14,761.3 million by 2033.

Attribute	Details
Green Ammonia Market Size (2023E)	US$ 82.4 million
Projected Market Value (2033F)	US$ 14,761.3 million
Value-based CAGR (2023 to 2033)	68%
Collective Value Share: Top 3 Countries (2033E)	More than 44%

Country-Wise Insights

Country	The United States
Market Share % (2023)	29%

Country	Australia
Market Share % (2023)	1.4%

Category-Wise Insights

Segment	Alkaline Water Electrolysis
Market Share % (2023)	83%

Segment	Fertilizer
Market Share % (2023)	48%

Scope Of the Report

Attribute	Details
Estimated Market Value (2023)	US$ 82.4 million
Projected Market Value (2033)	US$ 14,761.3 million
Anticipated Growth Rate (2023 to 2033)	68%
Forecast Period	2023 to 2033
Market Analysis	US$ million for Value and Kilo Tons for Volume
Key Countries Covered	The United States, Canada, Brazil, Mexico, Germany, Italy, France, the United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Northern Africa, South Africa
Key Segments Covered	Production Process, End Use, and Region
Key Companies Profiled	CF Industries Holdings, Inc BASF SE Yara International ASA Maire Tecnimont S.p.A. ACME Group Fertiglobe plc NEL Hydrogen ThyssenKrupp AG ITM Power Holder Topsoe Green Hydrogen Systems Greenfield Nitrogen LLC Siemens Others
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

The size and share of the market is categorized based on Type (Ammonia Gas, Liquid Ammonia) and Application (Agricultural Fertilizer, Industrial Explosives, Power Generation, Transportation Fuel, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

According to Cognitive Market Research, the global Green Ammonia Manufacturing market size will be USD 152.9 million in 2024. It will expand at a compound annual growth rate (CAGR) of 117.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 61.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 116.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 45.87 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 35.17 million in 2024 and will grow at a compound annual growth rate (CAGR) of 119.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 7.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 117.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11116.3% from 2024 to 2031.
Direct Sales is the dominant distribution channel. This channel allows manufacturers to build direct relationships with large-scale end-users, such as agricultural firms and industrial plants, offering tailored solutions and efficient delivery

Market Dynamics of Green Ammonia Manufacturing Market

Key Drivers for Green Ammonia Manufacturing Market

Demand for Sustainable Agricultural Practices to Boost Market Growth

The Green Ammonia Manufacturing Market is driven by the increasing demand for sustainable agricultural practices. Traditional ammonia production methods are carbon-intensive, but green ammonia, produced using renewable energy sources, offers an eco-friendly alternative. As global agricultural demand rises and sustainability concerns grow, farmers and agribusinesses are seeking greener fertilizer solutions to meet crop needs without contributing to climate change. This shift towards sustainable fertilizers presents significant growth opportunities for green ammonia producers as they align with the push for more environmentally responsible farming practices. For instance, In March 2023, CF Industries Holdings, Inc. announced agreement to acquire Waggaman Ammonia Production plant from Incitec Pivot Limited

Government Support and Policy Incentives to Drive Market Growth

Government policies and subsidies aimed at reducing carbon emissions play a pivotal role in driving the Green Ammonia Manufacturing Market. Many governments are incentivizing the development of low-carbon technologies, including green ammonia, as part of their climate action plans. Financial support, tax credits, and research funding are fostering innovation and accelerating the adoption of green ammonia production methods. With nations committing to net-zero emissions targets, these policy frameworks are expected to further encourage the scaling of green ammonia production, creating a favorable market environment for long-term growth.

Restraint Factor for the Green Ammonia Manufacturing Market

High Production Costs, will Limit Market Growth

One of the major restraints in the Green Ammonia Manufacturing Market is the high production costs associated with green ammonia technologies. The process of producing ammonia using renewable energy sources such as wind or solar power requires significant investment in infrastructure and technology. Additionally, the cost of renewable electricity and electrolysis equipment remains higher than traditional ammonia production methods, which rely on fossil fuels. These elevated costs hinder the scalability of green ammonia production and can limit its widespread adoption in the short term, particularly in cost-sensitive industries.

Impact of Covid-19 on the Green Ammonia Manufacturing Market

The COVID-19 pandemic had a mixed impact on the Green Ammonia Manufacturing Market. On one hand, the economic slowdown and disruptions in global supply chains delayed the development and deployment of green ammonia technologies, as investment priorities shifted to more immediate needs. On the other hand, the pandemic highlighted the importance of sustainable practices and green technologies in building a resilient economy, accelerating the push for cleaner alternatives like green ammonia. As governments focus on post-pandemic r...

The green ammonia market size was valued at USD 277.76 million in 2024 and is set to exceed USD 209.92 billion by 2037, expanding at over 66.5% CAGR during the forecast period i.e., between 2025-2037. Europe industry is expected to account for largest revenue share of 65% by 2037, Europe industry is likely to account for largest revenue share of 65% by 2037

The Asia-Pacific Ammonia Market Report is Segmented by Type (Liquid and Gas) and End-User Industry (Agriculture, Textile, Mining, Pharmaceutical, Refrigeration, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Volume (Tons) for all the Above Segments.

In 2022, green ammonia market was valued at USD 74.48 mn and is expected to reach USD 20,919 mn in 2032 at a CAGR of 78.2% from 2023-2032

In 2021, the global green ammonia market for power generation made over seven million U.S. dollars worth of revenue. This segment is forecast to grow at a compound annual growth rate (CAGR) of roughly 90 percent in the coming decade, to reach 1.9 billion dollars in 2030. Meanwhile, the green ammonia segment for industrial feedstock worldwide is expected to register the largest growth rate in the period, surpassing 1.3 billion dollars by 2030.

The size and share of the market is categorized based on Application (Fertilizer, Refrigerant, Polymer Synthesis, Other) and Product (Liquid Ammonia, Gas Ammonia) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

North America Aqua Ammonia market size will be USD 245.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 300.8 Million by 2031. This is a result of the growing demand for ammonia in refrigerants and fertilizers.

The clean ammonia market size was over USD 2.38 billion in 2024 and is anticipated to cross USD 123.53 billion by 2037, witnessing more than 35.5% CAGR during the forecast period i.e., between 2025-2037. Europe industry is predicted to dominate majority revenue share of 35% by 2037, backed by presence of large facilities for ammonia production in the region.