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.

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Ammonia (NH3) Market Size 2025-2029

The ammonia (nh3) market size is valued to increase by USD 13.33 billion, at a CAGR of 3.1% from 2024 to 2029. Agriculture demand will drive the ammonia (nh3) market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 57% growth during the forecast period.
By Form Factor - Liquid segment was valued at USD 40.15 billion in 2023
By Application - Fertilizer segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 31.01 million
Market Future Opportunities: USD 13329.30 million
CAGR from 2024 to 2029 : 3.1%

Market Summary

Ammonia (NH3), a vital compound in the chemical industry, plays a significant role in various sectors, including agriculture and renewable energy. The agricultural industry relies on ammonia as a key input for fertilizer production, contributing to global food security. In the renewable energy sector, ammonia is gaining attention as a potential carbon-neutral fuel and energy carrier. The ammonia market is driven by the increasing demand for fertilizers and the exploration of renewable energy sources. According to recent studies, the global fertilizer industry is expected to witness steady growth due to the rising agricultural productivity and population growth. Meanwhile, the renewable ammonia market is gaining traction as governments and industries seek to reduce carbon emissions. However, the ammonia market faces challenges related to safety and handling risks. Ammonia is a highly reactive and potentially hazardous substance, requiring stringent safety measures during production, transportation, and usage. For instance, in a large-scale industrial setting, an ammonia leak could lead to significant safety concerns and operational disruptions. A real-world business scenario illustrates the importance of supply chain optimization in the ammonia industry. A leading fertilizer manufacturer implemented a predictive maintenance program to minimize downtime and improve operational efficiency. By analyzing historical data and identifying patterns, the company was able to schedule maintenance activities proactively, reducing unplanned downtime by 15%. This not only improved efficiency but also ensured a consistent supply of ammonia to their customers, maintaining their reputation and customer satisfaction.

What will be the Size of the Ammonia (NH3) Market during the forecast period?

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How is the Ammonia (NH3) Market Segmented ?

The ammonia (nh3) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. Form FactorLiquidGasApplicationFertilizerIndustrialGeographyNorth AmericaUSCanadaEuropeGermanyRussiaMiddle East and AfricaEgyptAPACChinaIndiaIndonesiaSouth AmericaBrazilRest of World (ROW)

By Form Factor Insights

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

Ammonia (NH3) is a versatile industrial chemical with a continually evolving market, underpinned by its role in various sectors. The Haber-Bosch process, a key ammonia synthesis method, consumes significant energy, accounting for approximately 1.5% of global energy consumption. Ammonia is integral to fertilizer manufacturing, supplying essential nutrients for plant growth. In industry, it's used in urea production, nitric acid manufacturing, and as a crucial component in catalytic converters. Ammonia sensors monitor industrial processes for optimization and emission reduction, while selective catalytic reduction systems use ammonia to reduce nitrogen oxides. In energy production, ammonia plays a role in hydrogen production via steam methane reforming and in carbon capture technologies. Refrigeration applications leverage ammonia's low temperature boiling point, and it's used in wastewater treatment for nitrogen removal. Temperature control and pressure regulation are essential in ammonia storage and pipeline transportation, which involves liquefaction and compression. Ammonia's environmental impact is a focus of ongoing research, with efforts towards improving energy efficiency, yield, and safety protocols. Catalyst deactivation and reaction kinetics are critical areas of process optimization. The evolving market also includes emerging technologies like fuel cell technology and scrubbing systems. Ammonia's role in nitrogen fixation and its potential as a fuel source underscores its importance in the global industrial landscape.

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The Liquid segment was valued at USD 40.15 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is e

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.

Learn about the ammonia market and its price forecast for 2021. Find out how natural gas prices, global demand, inventory levels, and weather conditions impact ammonia prices and what to expect in the future.

This statistic shows the forecasted market revenue of ammonia in the United States from 2018 to 2025, by product state. It is forecasted that the market revenue of liquid ammonia in the U.S. will amount to some ************ U.S. dollars in 2025.

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).

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%

Learn about the promising green ammonia price forecast and how the demand and production of this carbon-free source of ammonia is increasing as the world shifts towards a more sustainable future. Find out how the production of green ammonia is dependent on various factors and the expected price decrease as the technology becomes more efficient.

Green Ammonia Market size was valued at around USD 0.657 Billion in 2025 and is projected to reach USD 22.67 Billion by 2032 at 65.82% CAGR during the forecast period, i.e., 2026-32.

The ammonia agriculture and industrial sector is forecast to reach a market size of some 111 billion U.S. dollars worldwide in 2050, making it the largest application for the chemical. Shipping fuel is expected to follow in second, with a market valued at 87 billion U.S. dollars. That same year, agriculture and industry is also estimated to account for the highest share of ammonia demand across the globe.

Discover the booming global ammonia market analysis (2019-2033)! Explore key trends, drivers, restraints, and regional market shares impacting fertilizer, refrigerant, and polymer sectors. Learn about major players like Yara and CF Industries. Get insights into future growth projections and market size data.

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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 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.

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 Canada Ammonia market demand stood at 3300 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.8% during the forecast period until 2034.

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 global green ammonia market size has grown to a value of more than 3.51 Million Tons in 2024. It is expected to expand further at a CAGR of roughly 58.30% in the forecast period of 2025-2034. The market value will reach around 346.83 Million Tons by 2034.

Forecast: Anhydrous Ammonia Market Size Value in Sweden 2023 - 2027 Discover more data with ReportLinker!

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.

The size of the Green Ammonia Market market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 68.23% during the forecast period. Recent developments include: November 2023: Adani Power, as part of its decarbonization initiatives, started a pilot project for green ammonia combustion that will co-fire up to 20% green ammonia in its coal-fired 330 MW Unit at the Mundra plant in Gujarat, India.February 2023: Uniper and Greenko signed an agreement for the purchase of 250,000 tons of green ammonia per annum from Greenko’s Kakinada green ammonia project.December 2022: Moroccan state-owned company OCP announced an investment of USD 13 billion for its Green Investment Strategy for 2023-2027, as part of which the company aims to produce 1 million tons of green ammonia by 2027 and will triple it to 3 million tons by 2032.. Key drivers for this market are: Increasing Agricultural Production, Rising Demand for Renewable Energy; Other Drivers. Potential restraints include: Increasing Agricultural Production, Rising Demand for Renewable Energy; Other Drivers. Notable trends are: Growing Agricultural Production.