In Q1 2025, the North American Ammonia market experienced a modest decline in prices, influenced by a combination of adequate supply and subdued demand. Sufficient availability of both domestically produced and imported Ammonia, supported by earlier stockpiling efforts, helped maintain balanced inventories across the region. On the demand side, purchasing activity remained muted, primarily due to adverse winter weather conditions that hindered transportation and discouraged buyers from building inventory.

Get comprehensive insights into the Ammonia market, with a focused analysis of the Ammonia price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

Get the latest insights on price movement and trend analysis of Anhydrous Ammonia in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Discover the factors that influence the price of ammonia, including global supply and demand, energy costs, and market speculation. Learn how prices have fluctuated in recent years and what the future may hold for this important commodity.

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Ammonia (NH3) Market Size 2025-2029

The ammonia (NH3) market size is forecast to increase by USD 13.33 billion at a CAGR of 3.1% between 2024 and 2029.

Ammonia's potential as a hydrogen carrier in energy storage systems and its application in ammonia-based hydrogen production continue to gain traction. This demand is fueled by the growing global population and the need to increase agricultural productivity to meet food security requirements. Another key trend in the market is the development of renewable ammonia, which offers a more sustainable alternative to traditional ammonia production methods. However, the market faces significant challenges, including safety and handling risks associated with ammonia's toxic and corrosive properties.
These risks necessitate stringent regulations and safety protocols, adding to production costs and potentially limiting market growth. Companies seeking to capitalize on market opportunities must prioritize innovation in safe and efficient ammonia production methods, while also addressing the growing demand for sustainable alternatives. Effective navigation of these challenges will be crucial for market success. Ammonia-based power generation through fuel cells and ammonia in bioenergy are emerging trends, with ammonia being used as a carbon-neutral fuel source.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Ammonia-based chemicals play a pivotal role in various industries, including textiles, bioplastics, and hydrogen production. Ammonia's versatility extends to textiles as a crucial component in the production of dyes and textile finishes. In the realm of bioplastics, ammonia is employed as a building block for producing biodegradable polymers. Ammonia cracking is a significant process in the production of ammonia-based fuels, which are increasingly being explored as cleaner alternatives to traditional fossil fuels. Ammonia blending is a common practice in the transportation sector, where ammonia is used as a fuel additive to reduce emissions. The Ammonia market is driven by the increasing demand from the agriculture sector, particularly for use as fertilizer.
Ammonia decomposition is a critical process in the production of nitrogen-based fertilizers, while ammonia in construction is used as a component in various building materials. Ammonia's role in desulfurization processes is essential in the refining industry, and its application in biochemicals and mining industries further broadens its reach. Ammonia electrolysis is a key process in the production of ammonia, and advancements in this technology are driving down production costs and increasing efficiency. Ammonia's role in plastics production is significant, with ammonia being used as a monomer and solvent in various polymerization processes.

How is this Ammonia (NH3) Industry 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 Factor

  Liquid
  Gas


Application

  Fertilizer
  Industrial


Geography

  North America

    US
    Canada


  Europe

    Germany
    Russia


  Middle East and Africa

    Egypt


  APAC

    China
    India
    Indonesia


  South America

    Brazil


  Rest of World (ROW)

By Form Factor Insights

The liquid segment is estimated to witness significant growth during the forecast period. Ammonia, a vital industrial and agricultural commodity, is primarily available in its liquid form due to its higher energy density and easier handling characteristics. Produced through natural gas reforming or nitrogen fixation via the Haber-Bosch process, liquid ammonia is stored under moderate pressure or low temperatures to maintain its state. Its versatility is evident in its extensive applications, including ammonia power plants, cooling systems, and ammonia refrigeration. Safety protocols are stringently adhered to in the production, transportation, and utilization of ammonia due to its toxic nature. Regulations and certifications ensure compliance with environmental standards, minimizing air and water pollution.

Ammonia's role in industrial chemicals, sustainable agriculture, and renewable energy is significant. Ammonia carriers and distribution networks enable efficient transportation and supply, while new technologies and innovations continue to optimize production costs and energy efficiency. Ammonia's utilization in fertilizers, crop yield optimization, and carbon capture further expands its market reach. Market dynamics are influenced by factors such as ammonia pricing, demand,

Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Synthetic Ammonia, Nitric Acid, Ammonium Compounds, and Urea (WPU0652013A) from Dec 2014 to Jun 2025 about synthetic, chemicals, commodities, PPI, inflation, price index, indexes, price, and USA.

The global ammonia market is expected to witness significant growth from 2023 to 2032. The market value of ammonia amounted to nearly ** billion U.S. dollars in 2023 and is anticipated to exceed *** billion U.S. dollars in 2032. This growth is driven by the increasing demand for ammonia in various end-use industries such as fertilizers, chemicals, and pharmaceuticals.

Get the latest insights on price movement and trend analysis of Green Ammonia in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The green ammonia market is projected to grow from USD 475.2 million in 2025 to USD 49,320.5 million by 2035, at a CAGR of 68.0%.

Green Ammonia Market by Top Investment Segments

Country-wise Outlook

The East European ammonia market totaled $15.7B in 2024, increasing by 15% against the previous year. The total consumption indicated a measured increase from 2012 to 2024: its value increased at an average annual rate of +2.7% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -12.5% against 2022 indices. As a result, consumption reached the peak level of $17.9B.

Graph and download economic data for Producer Price Index by Industry: Nitrogenous Fertilizer Manufacturing: Synthetic Ammonia, Nitric Acid, Ammonium Compounds, and Urea (PCU325311325311A) from Dec 2014 to Jun 2025 about fertilizers, synthetic, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Industry: Nitrogenous Fertilizer Manufacturing: Synthetic Ammonia, Nitric Acid, Ammonium Compounds, and Urea was 116.06400 Index Dec 2014=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Nitrogenous Fertilizer Manufacturing: Synthetic Ammonia, Nitric Acid, Ammonium Compounds, and Urea reached a record high of 216.76100 in April of 2022 and a record low of 65.60000 in September of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Nitrogenous Fertilizer Manufacturing: Synthetic Ammonia, Nitric Acid, Ammonium Compounds, and Urea - last updated from the United States Federal Reserve on July of 2025.

Tracking the historical ammonia prices offers valuable insights into the economy and market trends, making it an important consideration for investors and consumers alike. This article looks back at the history of ammonia prices and the various factors that have influenced its fluctuations over the years.

In 2023, approx. 2.3M tons of anhydrous ammonia were imported into India; increasing by 4.5% on 2022 figures.

The global ammonia market, valued at $82.49 billion in 2025, is poised for significant growth driven by the burgeoning fertilizer industry and increasing demand for refrigerants in various sectors. The market's expansion is fueled by rising global population, necessitating higher food production and subsequently increased fertilizer use. Furthermore, the ammonia market benefits from its crucial role in industrial applications, including polymer synthesis and other chemical processes. While the precise CAGR is unavailable, considering industry growth trends and the expanding fertilizer and industrial sectors, a conservative estimate would place the annual growth rate between 3-5% over the forecast period (2025-2033). This growth trajectory, however, is subject to potential restraints such as fluctuating energy prices (a major production cost factor), environmental regulations targeting ammonia emissions, and geopolitical instability impacting fertilizer trade. Key players like Yara, CF Industries, and Nutrien are strategically positioning themselves to capitalize on these market dynamics through capacity expansions, technological advancements aimed at improving efficiency and reducing emissions, and exploring new market opportunities. Regional analysis reveals that Asia-Pacific, particularly China and India, will be significant growth drivers due to their large agricultural sectors and growing industrial bases. North America and Europe will also contribute substantially, albeit at a potentially slower pace than Asia-Pacific. The market segmentation by application (fertilizer, refrigerant, polymer synthesis, etc.) and type (liquid and gas ammonia) further reveals the diversity of the market and its intricate dependence on various industry verticals. The competitive landscape is characterized by both established multinational corporations and regional players. Strategic alliances, mergers and acquisitions, and technological innovations will continue to shape the market's competitive dynamics. Factors like increasing demand for sustainable and efficient ammonia production methods and the growing adoption of precision farming techniques will further influence the market's trajectory in the coming years. The forecast period (2025-2033) promises continued expansion, with the potential for accelerated growth if energy costs stabilize and environmental concerns are proactively addressed through technological advancements and responsible industry practices. Careful monitoring of global food security concerns and the resulting impact on fertilizer demand will be crucial for accurate future market projections.

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 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 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.

Global Ammonia market study report provides detailed information on forecasts by current market dynamics and growth opportunities.

In Q1 2025, the Ammonium Chloride prices in the USA saw a steady upward trend, driven by tight supply and strong seasonal demand. Despite volatility in Ammonia feedstock costs, prices stayed elevated due to production cuts from extreme winter weather. Force majeure declarations by key producers like OCI Beaumont LLC and CF Industries, along with freight disruptions, limited domestic availability. Agricultural demand also picked up as farmers stockpiled ahead of spring planting, especially for crops such as rice and sorghum.