NEW YORK, June 1, 2023 /PRNewswire/ -- The ammonia (NH3) market size is expected to grow at a CAGR of 3.56% from 2022 to 2027. Market size is expected to increase by 38.15 million tons. One of the main drivers of the NH3 market is the increasing global fertilizer demand. Compared to other commercial fertilizers, ammonia has the highest nitrogen content. It is one of the essential nutrients for plant growth. Ammonia can be applied directly to the soil as a plant nutrient or converted into a nitrogen fertilizer such as Aqua Ammonia, a common liquid nitrogen fertilizer. Various nitrogen-containing ammonia fertilizers include urea, ammonium nitrate, and calcium ammonium nitrate. Globally, increased agricultural activity due to rapid population growth is expected to increase fertilizer use during the forecast period.
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Global Ammonia market – Customer Landscape
Our report analyzes the life cycle of the global ammonia market from the innovator's stage to the laggard's stage. The report illustrates the lifecycle of the global ammonia market, focusing on the adoption rates of the major countries such as the US, Canada, China, India, Japan, and Germany. To help companies evaluate and develop growth strategies for 2023-2027. To help companies evaluate and develop growth strategies, the report outlines –
- Key purchase criteria
- Adoption rates
- Adoption lifecycles
- Drivers of price sensitivity
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Global Ammonia market – Vendor Analysis
Vendor Landscape - The global ammonia market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer ammonia in the market are Acron Group, Agropolychim AD, BASF SE, Casale SA, CF Industries Holdings Inc., EuroChem Group AG, Group DF Ltd., KBR Inc., Koch Industries Inc., Koncernas Achemos Grupe, LSB Industries Inc, Mitsubishi Gas Chemical Co. Inc., Nutrien Ltd., OCI N.V., QatarEnergy, Saudi Arabian Oil Co., Uralchem JSC, Wesfarmers Ltd., Yara International ASA, and Linde Plc and others.
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- Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
- Global competitiveness and key competitor positions
- Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!
Vendor Offerings -
- Acron Group: The company offers ammonia derivatives, such as ammonium nitrate, urea, and urea ammonium nitrate.
- Agropolychim AD: The company offers ammonia such as ammonium nitrate, urea ammonium nitrate, and urea ammonium nitrate with sulfur.
- Exhibit 133: KBR Inc: The company offers ammonia such as ammonia 6000, green ammonia, and blue ammonia.
- For details on the vendor and its offerings – Request a sample report
Global Ammonia Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on application (fertilizer and industrial), form factor (liquid and gas) and geography (APAC, Europe, North America, South America, and Middle East and Africa).
- Fertilizer segment is expected to increase significantly during the forecast period. Ammonia is mainly used as an agricultural fertilizer. The fertilizer segment was valued at 148.19 million tons in 2017 and continued to grow until 2021. As the demand for food continues to grow, so does the demand for fertilizers. Rapid changes in food preferences due to globalization and increased purchasing power. and shrinkage of agricultural land.
Geography Overview
By geography, the global ammonia market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global ammonia market.
- APAC is estimated to contribute 64% to the growth of the global market during the forecast period. China and India are the largest consumers of ammonia. The main focus of the agricultural sector in these countries is to meet the growing food demand of a growing population. Fertilizer needs are high in these countries, and ammonia consumption is increasing. China is the largest ammonia consumer in the region, followed by India. Such factors will propel the market growth in this region during the forecast period.
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Global Ammonia Market – Market Dynamics
Key Trends - The introduction of green ammonia is the primary trend in the NH3 market. Green ammonia production has become a new trend in the market as it does not emit greenhouse gases and does not increase carbon dioxide emissions. A proof-of-concept plant in Harwell, Oxfordshire was able to achieve this by using electricity, water and air to produce ammonia with zero carbon footprint. Generally, ammonia is produced by the Haber process, which converts hydrogen and nitrogen using high temperatures and iron catalysts. Production using the Haber process now accounts for his 1.6% of global carbon emissions.
Traditionally, natural gas has been used to produce hydrogen for ammonia production. To produce green ammonia, hydrogen is obtained from water by electrolysis. Green ammonia can be generated with renewable electricity and could prevent global emissions of more than 360 million tons of carbon dioxide annually. Therefore, green ammonia production using electricity, water and air is expected to reduce carbon emissions during the forecast period.
Major challenges - Unpredictable macro-factors pose significant challenges to the growth of the NH3 market, and several macro-factors are likely to reduce the demand for ammonia. Agriculture is a major end-user of ammonia as a fertilizer, and changes in the agricultural sector can have a significant impact on the market. Factors such as reduced agricultural production, agricultural producer prices, droughts and floods are expected to hamper the agricultural sector and adversely affect the fertilizer market during the forecast period.
Urbanization is having a major impact on the agricultural sector. In India, one of the most important agricultural regions, there is a tendency for the rural population to migrate to urban areas. People are moving from villages to cities in search of work, resulting in a shortage of agricultural labor in the villages. Therefore, unpredictable and uncontrollable factors are expected to hamper the agricultural sector and influence the market during the forecast period.
Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!
What are the key data covered in this Ammonia Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Ammonia Market between 2023 and 2027
- Precise estimation of the size of the Ammonia Market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the Ammonia Market industry across APAC, Europe, North America, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Ammonia Market vendors
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Related Reports:
The green ammonia market is estimated to grow at a CAGR of 90.05% between 2022 and 2027. The size of the market is forecasted to increase by USD 1,008.31 million. This report extensively covers market segmentation by application (power generation, transportation, industrial feedstock, and others), technology (alkaline water electrolysis, proton exchange membrane, and solid oxide electrolysis), and geography (Europe, North America, APAC, South America, and Middle East and Africa). The introduction of green ammonia is notably driving the green ammonia market growth, although factors such as the high cost of green hydrogen may impede the market growth.
The fertilizers market is estimated to grow at a CAGR of 2.52% between 2022 and 2027. The size of the market is forecast to increase by USD 27.19 billion. This report extensively covers market segmentation by type (inorganic and organic), application (agriculture, horticulture, and gardening), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The rising demand for organic fertilizers is notably driving the market growth, although factors such as health issues associated with fertilizer may impede the market growth.
Ammonia Market Scope |
|
Report Coverage |
Details |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.56% |
Market growth 2023-2027 |
38.15 million tons |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
2.93 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 64% |
Key countries |
US, China, India, South Korea, and Russia, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acron Group, Agropolychim AD, BASF SE, Casale SA, CF Industries Holdings Inc., EuroChem Group AG, Group DF Ltd., KBR Inc., Koch Industries Inc., Koncernas Achemos Grupe, LSB Industries Inc, Mitsubishi Gas Chemical Co. Inc., Nutrien Ltd., OCI N.V., QatarEnergy, Saudi Arabian Oil Co., Uralchem JSC, Wesfarmers Ltd., Yara International ASA, and Linde Plc |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Form Factor
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (MT)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (MT)
- Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global ammonia market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global ammonia market 2017 - 2021 (MT)
- 4.2 Form Factor Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Form Factor Segment 2017 - 2021 (MT)
- 4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 (MT)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (MT)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (MT)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Fertilizer - Market size and forecast 2022-2027
- Exhibit 34: Chart on Fertilizer - Market size and forecast 2022-2027 (MT)
- Exhibit 35: Data Table on Fertilizer - Market size and forecast 2022-2027 (MT)
- Exhibit 36: Chart on Fertilizer - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Fertilizer - Year-over-year growth 2022-2027 (%)
- 6.4 Industrial - Market size and forecast 2022-2027
- Exhibit 38: Chart on Industrial - Market size and forecast 2022-2027 (MT)
- Exhibit 39: Data Table on Industrial - Market size and forecast 2022-2027 (MT)
- Exhibit 40: Chart on Industrial - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application (MT)
- Exhibit 43: Data Table on Market opportunity by Application (MT)
7 Market Segmentation by Form Factor
- 7.1 Market segments
- Exhibit 44: Chart on Form Factor - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Form Factor - Market share 2022-2027 (%)
- 7.2 Comparison by Form Factor
- Exhibit 46: Chart on Comparison by Form Factor
- Exhibit 47: Data Table on Comparison by Form Factor
- 7.3 Liquid - Market size and forecast 2022-2027
- Exhibit 48: Chart on Liquid - Market size and forecast 2022-2027 (MT)
- Exhibit 49: Data Table on Liquid - Market size and forecast 2022-2027 (MT)
- Exhibit 50: Chart on Liquid - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Liquid - Year-over-year growth 2022-2027 (%)
- 7.4 Gas - Market size and forecast 2022-2027
- Exhibit 52: Chart on Gas - Market size and forecast 2022-2027 (MT)
- Exhibit 53: Data Table on Gas - Market size and forecast 2022-2027 (MT)
- Exhibit 54: Chart on Gas - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Gas - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Form Factor
- Exhibit 56: Market opportunity by Form Factor (MT)
- Exhibit 57: Data Table on Market opportunity by Form Factor (MT)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2022-2027 (%)
- Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 (MT)
- Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 (MT)
- Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 (MT)
- Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 (MT)
- Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 North America - Market size and forecast 2022-2027
- Exhibit 71: Chart on North America - Market size and forecast 2022-2027 (MT)
- Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 (MT)
- Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 75: Chart on South America - Market size and forecast 2022-2027 (MT)
- Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 (MT)
- Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 (MT)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (MT)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 China - Market size and forecast 2022-2027
- Exhibit 83: Chart on China - Market size and forecast 2022-2027 (MT)
- Exhibit 84: Data Table on China - Market size and forecast 2022-2027 (MT)
- Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.9 Russia - Market size and forecast 2022-2027
- Exhibit 87: Chart on Russia - Market size and forecast 2022-2027 (MT)
- Exhibit 88: Data Table on Russia - Market size and forecast 2022-2027 (MT)
- Exhibit 89: Chart on Russia - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Russia - Year-over-year growth 2022-2027 (%)
- 9.10 US - Market size and forecast 2022-2027
- Exhibit 91: Chart on US - Market size and forecast 2022-2027 (MT)
- Exhibit 92: Data Table on US - Market size and forecast 2022-2027 (MT)
- Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.11 India - Market size and forecast 2022-2027
- Exhibit 95: Chart on India - Market size and forecast 2022-2027 (MT)
- Exhibit 96: Data Table on India - Market size and forecast 2022-2027 (MT)
- Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.12 South Korea - Market size and forecast 2022-2027
- Exhibit 99: Chart on South Korea - Market size and forecast 2022-2027 (MT)
- Exhibit 100: Data Table on South Korea - Market size and forecast 2022-2027 (MT)
- Exhibit 101: Chart on South Korea - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography (MT)
- Exhibit 104: Market opportunity by geography (MT) - Volume
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 108: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 109: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification
- 12.3 Acron Group
- Exhibit 111: Acron Group - Overview
- Exhibit 112: Acron Group - Business segments
- Exhibit 113: Acron Group - Key offerings
- Exhibit 114: Acron Group - Segment focus
- 12.4 Agropolychim AD
- Exhibit 115: Agropolychim AD - Overview
- Exhibit 116: Agropolychim AD - Product / Service
- Exhibit 117: Agropolychim AD - Key offerings
- 12.5 Casale SA
- Exhibit 118: Casale SA - Overview
- Exhibit 119: Casale SA - Key offerings
- 12.6 CF Industries Holdings Inc.
- Exhibit 120: CF Industries Holdings Inc. - Overview
- Exhibit 121: CF Industries Holdings Inc. - Business segments
- Exhibit 122: CF Industries Holdings Inc. - Key news
- Exhibit 123: CF Industries Holdings Inc. - Key offerings
- Exhibit 124: CF Industries Holdings Inc. - Segment focus
- 12.7 EuroChem Group AG
- Exhibit 125: EuroChem Group AG - Overview
- Exhibit 126: EuroChem Group AG - Product / Service
- Exhibit 127: EuroChem Group AG - Key news
- Exhibit 128: EuroChem Group AG - Key offerings
- 12.8 KBR Inc.
- Exhibit 129: KBR Inc. - Overview
- Exhibit 130: KBR Inc. - Business segments
- Exhibit 131: KBR Inc. - Key news
- Exhibit 132: KBR Inc. - Key offerings
- Exhibit 133: KBR Inc. - Segment focus
- 12.9 Koch Industries Inc.
- Exhibit 134: Koch Industries Inc. - Overview
- Exhibit 135: Koch Industries Inc. - Product / Service
- Exhibit 136: Koch Industries Inc. - Key news
- Exhibit 137: Koch Industries Inc. - Key offerings
- 12.10 Koncernas Achemos Grupe
- Exhibit 138: Koncernas Achemos Grupe - Overview
- Exhibit 139: Koncernas Achemos Grupe - Product / Service
- Exhibit 140: Koncernas Achemos Grupe - Key offerings
- 12.11 Linde Plc
- Exhibit 141: Linde Plc - Overview
- Exhibit 142: Linde Plc - Business segments
- Exhibit 143: Linde Plc - Key news
- Exhibit 144: Linde Plc - Key offerings
- Exhibit 145: Linde Plc - Segment focus
- 12.12 LSB Industries Inc
- Exhibit 146: LSB Industries Inc - Overview
- Exhibit 147: LSB Industries Inc - Product / Service
- Exhibit 148: LSB Industries Inc - Key offerings
- 12.13 Mitsubishi Gas Chemical Co. Inc.
- Exhibit 149: Mitsubishi Gas Chemical Co. Inc. - Overview
- Exhibit 150: Mitsubishi Gas Chemical Co. Inc. - Business segments
- Exhibit 151: Mitsubishi Gas Chemical Co. Inc. - Key offerings
- Exhibit 152: Mitsubishi Gas Chemical Co. Inc. - Segment focus
- 12.14 Nutrien Ltd.
- Exhibit 153: Nutrien Ltd. - Overview
- Exhibit 154: Nutrien Ltd. - Business segments
- Exhibit 155: Nutrien Ltd. - Key offerings
- Exhibit 156: Nutrien Ltd. - Segment focus
- 12.15 OCI N.V.
- Exhibit 157: OCI N.V. - Overview
- Exhibit 158: OCI N.V. - Key offerings
- 12.16 Uralchem JSC
- Exhibit 159: Uralchem JSC - Overview
- Exhibit 160: Uralchem JSC - Key offerings
- 12.17 Yara International ASA
- Exhibit 161: Yara International ASA - Overview
- Exhibit 162: Yara International ASA - Business segments
- Exhibit 163: Yara International ASA - Key news
- Exhibit 164: Yara International ASA - Key offerings
- Exhibit 165: Yara International ASA - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 166: Inclusions checklist
- Exhibit 167: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 168: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 169: Research methodology
- Exhibit 170: Validation techniques employed for market sizing
- Exhibit 171: Information sources
- 13.5 List of abbreviations
- Exhibit 172: List of abbreviations
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