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.

East Asia was by far the region that registered the highest production of ammonia in 2024. In that year, production in the region reached 58.23 million metric tons, considerably higher than East Europe and Central Asia, the second leading ammonia producing region worldwide. The global production of ammonia amounted to some 156.56 million metric tons in 2024. Ammonia has an 82.2 percent nitrogen content and constitutes a necessary intermediate for all downstream nitrogen products.

Northern America's ammonia market is projected to grow to 22M tons by 2035 with a +0.9% CAGR, driven by rising demand. The United States dominates consumption and production, while import prices declined to $564 per ton in 2024.

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...

As of 2024, the total ammonia production capacity of the German chemical company BASF was approximately 1.37 million metric tons per year, down from 1.77 million metric tons in the previous four years. Ammonia is a fundamental and globally produced chemical that constitutes a crucial component in the production of various everyday products.

Learn about the increasing demand for anhydrous ammonia in Europe and how the market is expected to grow over the next decade, with a projected market volume of 46M tons and a value of $30.8B by 2035.

In 2024, India and the United States were the countries that imported the largest amount of ammonia worldwide, with 2.4 and 2.2 million metric tons, respectively. Other leading ammonia-importing countries were Morocco, South Korea, and Turkey.

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.

Discover the latest trends and insights in the global ammonia market. This comprehensive analysis projects steady growth (1.89% CAGR) driven by agricultural demand, but highlights challenges from environmental regulations. Explore regional market shares, key players (BASF, Yara, CF Industries), and future opportunities in this vital chemical sector. Recent developments include: March 2024: Yara collaborated with GHC SAOC, a wholly-owned subsidiary of Acme Cleantech. Under this collaboration, ACME will provide YARA with ammonia with reduced CO2 emissions. This collaboration covers the supply of 100,000 tons per annum of renewable ammonia., December 2023: CF Industries Holdings Inc. completed the acquisition of Incitec Pivot Limited’s (IPL) Waggaman ammonia production facility for USD 1.675 billion. This acquisition added 880,000 tons of ammonia production annually to the company’s existing production capability.. Key drivers for this market are: Abundant Use in the Fertilizer Industry, Increasing Usage to Produce Explosives. Potential restraints include: Abundant Use in the Fertilizer Industry, Increasing Usage to Produce Explosives. Notable trends are: The Agriculture Industry is Expected to Dominate the Market.

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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?

Explore market size, adoption trends, and growth potential for green ammonia market Request Free Sample

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

Learn about the projected growth of the anhydrous ammonia market worldwide, with expectations of a 0.7% increase in consumption and a market volume reaching 205M tons by 2035. Market value is also expected to rise by 2.1% to $145.5B by the same year.

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.

In 2024, Trinidad and Tobago was the country that exported the largest amount of ammonia worldwide, with nearly 2.8 million metric tons. Other leading countries in terms of ammonia exports were Saudi Arabia, Indonesia, Canada, and the United States.

The global ammonia market is projected to reach a value of XX million by 2033, expanding at a CAGR of 1.89% during the forecast period. This growth is primarily driven by the increasing demand for ammonia in the agriculture industry, where it is used as a fertilizer. Other factors contributing to market growth include its applications in textiles, mining, pharmaceutical, refrigeration, and other industries. In terms of region, Asia Pacific held the largest share of the global ammonia market in 2025, and is expected to maintain its dominance throughout the forecast period. This dominance can be attributed to the region's large population and growing agricultural industry. North America and Europe are other significant markets for ammonia, with both regions expected to witness steady growth in the coming years. Recent developments include: March 2024: Yara collaborated with GHC SAOC, a wholly-owned subsidiary of Acme Cleantech. Under this collaboration, ACME will provide YARA with ammonia with reduced CO2 emissions. This collaboration covers the supply of 100,000 tons per annum of renewable ammonia., December 2023: CF Industries Holdings Inc. completed the acquisition of Incitec Pivot Limited’s (IPL) Waggaman ammonia production facility for USD 1.675 billion. This acquisition added 880,000 tons of ammonia production annually to the company’s existing production capability.. Key drivers for this market are: Abundant Use in the Fertilizer Industry, Increasing Usage to Produce Explosives. Potential restraints include: Hazardous Effects in its Concentrated Form. Notable trends are: The Agriculture Industry is Expected to Dominate the Market.

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 article discusses the increasing demand for anhydrous ammonia globally, projecting a steady upward consumption trend over the next decade. Market performance is expected to expand with a CAGR of +0.7% in volume terms and +3.8% in value terms from 2024 to 2035, reaching 205M tons and $145.5B respectively by the end of 2035.

In 2024, Nutrien produced almost 5.608 million metric tons of nitrogen. That was an increase compared to the previous year. The Potash Corporation of Saskatchewan Inc. was the world's largest potash producer and one of the leading fertilizer producers in general. On January 1, 2018, PotashCorp and Agrium completed a merger of equals, thus creating Nutrien, the world’s largest provider of crop inputs and services.

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.

Analysis of the EU ammonia market: consumption declined to 16M tons in 2024, with a forecasted slight volume growth (CAGR +0.5%) to 17M tons by 2035. Market value is projected to reach $11.3B (CAGR +2.1%). Key data on production, trade, and country-level insights included.

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.