In Q3 2025, North America, the Ammonia Price Index rose by 15.26% quarter-over-quarter, driven by tightening supply and fertilizer demand. Check detailed insights for Europe, MEA, South America and APAC.

In 2024, the Indian ammonia market decreased by -9.4% to $12.3B for the first time since 2020, thus ending a three-year rising trend. Overall, the total consumption indicated a measured increase from 2012 to 2024: its value increased at an average annual rate of +2.8% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

The East European ammonia market rose significantly to $15.6B in 2024, picking up by 15% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2024: its value increased at an average annual rate of +2.7% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -12.6% against 2022 indices.

Urea fell to 355 USD/T on December 1, 2025, down 2.07% from the previous day. Over the past month, Urea's price has fallen 11.47%, but it is still 13.87% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urea.

According to Cognitive Market Research, the global Anhydrous Ammonia market size was 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 and...

The Indonesian ammonia market stood at $2.4B in 2024, almost unchanged from the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $2.5B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Di-ammonium traded flat at 640 USD/T on November 28, 2025. Over the past month, Di-ammonium's price has fallen 16.53%, but it is still 12.28% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Di-ammonium Phosphate.

In 2024, the Canadian ammonia market decreased by -3.9% to $2.2B, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $2.6B. From 2023 to 2024, the growth of the market remained at a lower figure.

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.

View monthly updates and historical trends for Fertilizers Price Index. Source: World Bank. Track economic data with YCharts analytics.

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.

In Q3 2025, North America, the Urea Ammonium Nitrate Price Index fell by 0.51% quarter-over-quarter, reflecting balanced supply and demand dynamics. Check detailed insights for Europe and APAC.

According to Cognitive Market Research, the global Ammonium bicarbonate market size was USD 1125.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% 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 450.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 337.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 258.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 56.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% 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 22.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
The agricultural industry category is the fastest-growing segment of the ammonium bicarbonate industry.

Market Dynamics of Ammonium Bicarbonate Market

Key Drivers for Ammonium Bicarbonate Market

Growing Need in Agriculture to Boost Market Growth

One of the main reasons propelling the ammonium bicarbonate factors market is the increasing demand in the agricultural sector. More and more, farmers are relying on effective fertilizers to increase crop productivity in response to the growing need for food worldwide. Because of its low cost and positive effects on soil fertility and plant growth, ammonium bicarbonate is a preferred nitrogen source. Additionally, ammonium bicarbonate is used in both conventional and sustainable farming methods. The market demand for this product is predicted to be greatly boosted in the future due to the growing emphasis on agricultural production.

Increasing Disposable Income and Rising Government Support to Drive Market Growth

The ammonium bicarbonate market is expected to have significant expansion due to factors such as increased government support and disposable income. Additionally, ammonium bicarbonate is in high demand due to the rising demand for agricultural products caused by expanding economies and rising disposable incomes. Furthermore, in order to guarantee food security and increase agricultural productivity, governments around the globe are providing subsidies and incentives.

Restraint Factor for the Ammonium Bicarbonate Market

Lack of Awareness of the Benefits of Ammonium Bicarbonate Will Limit Market Growth

One important factor in ammonium bicarbonate’s market expansion is ignorance of its advantages. Many farmers, particularly in underdeveloped areas, do not completely appreciate the benefits of ammonium bicarbonate above alternative fertilizers. Additionally, their lack of information can keep them from choosing it as the preferred method for raising agricultural production and enhancing soil quality.

Trends in the Ammonium Bicarbonate Market

Increasing Demand from the Food and Beverage Sector

Ammonium bicarbonate is experiencing consistent demand as a leavening agent within the food and beverage sector, particularly in baked products such as cookies, crackers, and biscuits. As consumers increasingly opt for processed and packaged convenience foods, food manufacturers are ramping up production, resulting in a greater utilization of food-grade ammonium bicarbonate. Moreover, its GRAS (Generally Recognized as Safe) designation and clean decomposition characteristics—breaking down into ammonia, carbon dioxide, and water—render it advantageous for clean-label and additive-aware formulations. The emerging markets in the Asia-Pacific region, characterized by rising disposable incomes and urbanization, are also playing a significant role in this upward trajectory of processed food consumption.

Increasing Application in Agrochemicals and Fertilizer Formulations

The agricultural industry is increasingly utilizing ammonium bicarbonate as a cost-effective nitrogen source in fertilizers, especially in nations with extensive farming practices such as China and India. While its application is diminishing in certain regions due to concerns regarding volatility and nitrogen loss, ...

The Pakistani ammonia market skyrocketed to $2.5B in 2024, jumping by 20% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2024: its value increased at an average annual rate of +3.9% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Ammonium sulfate price trends exhibited varied regional trends during the final quarter of 2024 and into the early months of 2025, influenced by shifting demand dynamics and supply-side adjustments.

Industrial product price index (IPPI), by product by North American Product Classification System (NAPCS) 2017 Version 2.0. Monthly data are available from January 1956. The table presents data for the most recent reference period and the last four periods. The base period for the index is (202001=100).

South Korea ImPI: USD: MI: CQ: Ammonia data was reported at 89.160 2015=100 in Mar 2024. This records a decrease from the previous number of 99.910 2015=100 for Feb 2024. South Korea ImPI: USD: MI: CQ: Ammonia data is updated monthly, averaging 53.580 2015=100 from Jan 1985 (Median) to Mar 2024, with 471 observations. The data reached an all-time high of 219.530 2015=100 in Apr 2022 and a record low of 18.960 2015=100 in Sep 1986. South Korea ImPI: USD: MI: CQ: Ammonia data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.I125: Import Price Index (USD Basis): 2015=100.

In 2024, the ammonia market in Australia and Oceania decreased by -20% to $678M for the first time since 2019, thus ending a four-year rising trend. The total consumption indicated a slight expansion from 2012 to 2024: its value increased at an average annual rate of +1.3% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

The price of diammonium phosphate (DAP) reached 550 U.S. dollars per metric ton in 2023, according to the latest available data. It is projected that DAP prices will fluctuate in the coming years, with an estimated price of 600 U.S. dollars per metric ton in 2024, followed by a decrease to 550 U.S. dollars per metric ton in 2025. The increase in DAP prices in 2022 can be attributed to several factors, such as high demand from downstream fertilizer markets, short supply of feedstock ammonia and phosphate rock, rising energy costs, labor issues, and port congestion that limited the availability of imports from Asia and the USA.