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.

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.

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).

In June 2023, the price of Anhydrous Ammonia was $328 per ton (CIF, India), showing a decline of -21.2% compared to the previous month.

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 122.27100 Index Dec 2014=100 in June 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.

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).

Russia Average Export Price: Ammonia data was reported at 228.000 USD/Ton in 2017. This records an increase from the previous number of 226.000 USD/Ton for 2016. Russia Average Export Price: Ammonia data is updated yearly, averaging 224.000 USD/Ton from Dec 1999 (Median) to 2017, with 19 observations. The data reached an all-time high of 490.000 USD/Ton in 2012 and a record low of 50.800 USD/Ton in 1999. Russia Average Export Price: Ammonia data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PC005: Average Export Price: Annual.

In Q1 2025, the Ammonium Nitrate 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.

In 2023, purchases abroad of anhydrous ammonia increased by 4% to 828K tons for the first time since 2020, thus ending a two-year declining trend.

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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,

Learn about the factors that influence ammonia prices per liter, including location, quantity, and intended use. Discover the average prices in the United States and Europe, as well as key considerations when purchasing and handling this hazardous material.

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, valued at $75.39 billion in 2025, is projected to exhibit a steady growth trajectory, driven primarily by its crucial role in fertilizer production to meet the escalating global food demand. The 1.1% CAGR indicates a moderate yet consistent expansion, reflecting both opportunities and challenges within the sector. Growth is expected to be fueled by increasing agricultural activities, particularly in developing economies experiencing population growth and rising disposable incomes. Furthermore, the rising demand for ammonia in industrial applications, such as the production of nitric acid, urea, and other nitrogen-based chemicals, contributes to market expansion. However, environmental concerns surrounding ammonia emissions and the volatility of raw material prices, such as natural gas (a key feedstock), pose significant restraints on market growth. Stringent environmental regulations aimed at reducing greenhouse gas emissions are likely to necessitate investments in cleaner production technologies, impacting market dynamics. Competition among major players, including Yara, CF Industries, and Nutrien, is intense, driving innovation and efficiency improvements. Regional variations in growth rates are anticipated, with developing regions likely to experience faster expansion than mature markets due to differences in agricultural practices and infrastructure development. The forecast period of 2025-2033 presents opportunities for companies to leverage technological advancements, optimize production processes, and strategically expand into high-growth markets. The market segmentation, while not explicitly provided, likely includes various forms of ammonia (e.g., anhydrous ammonia, aqueous ammonia), application segments (e.g., fertilizers, industrial chemicals), and geographical regions. Understanding the nuances within these segments is crucial for effective market analysis. Future growth will depend on factors such as global food security policies, technological advancements in ammonia production, and the price of natural gas, along with the implementation of effective environmental regulations that balance sustainable practices with economic viability. The continued dominance of established players alongside the emergence of innovative technologies and new entrants will continue to shape the competitive landscape of the ammonia market in the coming years.

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.

After three years of growth, overseas purchases of anhydrous ammonia decreased by -13% to 2.3M tons in 2023.

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 DriversThe 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.

Russia Average Export Price: Anhydrous Ammonia data was reported at 290.200 USD/Ton in Nov 2018. This records an increase from the previous number of 281.100 USD/Ton for Oct 2018. Russia Average Export Price: Anhydrous Ammonia data is updated monthly, averaging 337.200 USD/Ton from Jan 2013 (Median) to Nov 2018, with 71 observations. The data reached an all-time high of 578.400 USD/Ton in Jan 2013 and a record low of 150.700 USD/Ton in Nov 2016. Russia Average Export Price: Anhydrous Ammonia data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.PC001: Average Export Price.

For the third consecutive year, Poland recorded decline in shipments abroad of anhydrous ammonia, which decreased by -65.8% to 12K tons in 2023.