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.

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 Sep 2025 about synthetic, chemicals, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

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.

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.

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 Sep 2025 about fertilizers, synthetic, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

¿Por qué cambió el precio de Amonia en julio de 2025? El precio de Amonia Spot en América del Norte disminuyó sistemáticamente durante el 2º trimestre de 2025, cayendo de USD 435/MT en abril a USD 404/MT en junio, lo que marcó una caída de aproximadamente 7,1%.

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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

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

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.

In Q3 2025, North America, the Ammonium Nitrate Price Index fell by 0.52% quarter-over-quarter, reflecting stable environment. Check detailed insights for Europe and APAC.

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.

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.

United States - Producer Price Index by Commodity: Chemicals and Allied Products: Synthetic Ammonia, Nitric Acid, Ammonium Compounds, and Urea was 120.46400 Index Dec 2014=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Chemicals and Allied Products: Synthetic Ammonia, Nitric Acid, Ammonium Compounds, and Urea reached a record high of 218.63300 in April of 2022 and a record low of 67.00000 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 Commodity: Chemicals and Allied Products: Synthetic Ammonia, Nitric Acid, Ammonium Compounds, and Urea - last updated from the United States Federal Reserve on November of 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).

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.

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.

United States - Producer Price Index by Industry: Nitrogenous Fertilizer Manufacturing: Synthetic Ammonia, Nitric Acid, Ammonium Compounds, and Urea was 120.53800 Index Dec 2014=100 in August 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 December of 2025.

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

The global ammonia market, valued at $84.35 billion in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 1.1% from 2025 to 2033. This relatively modest growth reflects a mature market with established players and diverse applications. The market's expansion is primarily driven by the burgeoning fertilizer industry, which remains the dominant consumer of ammonia globally. Increasing global food demands and the consequent need for enhanced agricultural productivity are key factors fueling this demand. Further growth is anticipated from expanding applications in refrigeration and certain industrial chemical processes, particularly within the polymer synthesis sector. However, environmental concerns surrounding ammonia emissions and stringent regulations aimed at mitigating these impacts represent significant restraints on market growth. The adoption of more efficient and environmentally friendly ammonia production technologies, along with the exploration of alternative fertilizer options, will shape the market's trajectory in the coming years. The market is segmented by type (liquid and gas ammonia) and application (fertilizer, refrigerant, polymer synthesis, and others). The fertilizer segment holds the largest market share due to ammonia's indispensable role as a nitrogen source in fertilizer production. Competition within the market is intense, with major players including Yara, CF Industries, Nutrien, and others engaging in strategic expansions, mergers, and acquisitions to maintain market share and expand their geographical reach. Growth will also be influenced by regional variations in agricultural practices, industrial development, and regulatory frameworks. While some regions, particularly in Asia-Pacific, show stronger growth potential due to rapid industrialization and agricultural expansion, others might experience more moderate growth due to maturity of the market or stricter environmental regulations. The competitive landscape of the ammonia market is characterized by a blend of established multinational corporations and regional players. The larger companies often possess significant production capacity and global distribution networks, enabling them to leverage economies of scale and supply ammonia to various regions. Regional players, however, often cater to specific local markets and can demonstrate greater agility in responding to localized demand fluctuations. Strategic alliances, collaborations, and technological innovations are key competitive factors, with companies constantly striving to enhance their production efficiency, reduce emissions, and develop new applications for ammonia. Price fluctuations in raw materials, particularly natural gas (a major feedstock for ammonia production), can significantly influence profitability and market dynamics. Furthermore, shifts in government policies, environmental regulations, and international trade agreements can also create both opportunities and challenges for companies operating within this market.