Ammonia Market worth $102.74 billion by 2031 - Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., April 20, 2026 /PRNewswire/ -- According to MarketsandMarkets, 'Ammonia Market by Type (Anhydrous, Aqueous), Sales Channel (Direct and Indirect), End-use Industry (Agriculture, Textile, Refrigeration, Mining, and Pharmaceutical), and Region - Global Forecast to 2031', The ammonia is projected to grow from USD 94.19 billion in 2026 to USD 102.74 billion by 2031, at a CAGR of 3.71% during the forecast period.

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Ammonia Market Size & Forecast:

• Market Size Available for Years: 2022-2031
• 2026 Market Size: USD 94.19 billion
• 2031 Projected Market Size: USD 102.74 billion
• CAGR (2026-2031): 3.71%

Ammonia Market Trends & Insights:

• The versatility and key chemical characteristics of ammonia are spreading it in various end-use sectors. It aids in the production of fertilizer to satisfy increasing food demand in agriculture and the processing of fabrics in the textile industry. It is energy efficient, which makes it be used in refrigeration systems, and in mining, it is utilized in explosives. It helps in the production of drugs in pharmaceuticals. Ammonia is also used in other industries, such as rubber and leather processing, preservation, and treatment, which help enhance material quality and production efficiency.
• Asia Pacific accounted for a significant share of 45.3% in 2025.
• By type, the anhydrous segment is projected to register the highest CAGR (3.77%) during the period.
• By sales channel, the direct sales segment is projected to register the highest CAGR (4.21%) during the forecast period.
• By end-use industry, the agriculture segment dominated the market in 2025, accounting for a share of 81.6%.
• CF Industries Holdings, Inc. (US), Yara International ASA (Norway), OCI Global (Netherlands), BASF SE (Germany), and Nutrien (Canada) were identified as star players in the ammonia market (global), given their strong market share and product footprint.
• TalusAg (US) and NitroVolt ApS (Denmark) have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders.

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Ammonia is a colorless gas with a sharp, pungent odor, composed of nitrogen and hydrogen (NH3). It is widely used in agriculture as a key component of fertilizers and finds applications in refrigeration, textiles, pharmaceuticals, mining, and various industrial processes. Ammonia is corrosive and can be toxic at high concentrations, requiring careful handling, but it is also valued for its excellent heat absorption properties in refrigeration systems. 

By type, the anhydrous segment is projected to account for the fastest CAGR during the forecast period.

By type, the fastest-growing segment is anhydrous ammonia, mainly due to its high nitrogen content (approximately 82%), which makes it one of the most effective and affordable nitrogen fertilizers on the market. Farmers like it because it delivers nitrogen more effectively per unit than other sources, such as urea or ammonium nitrate, saving them on application and transportation costs. Its direct application to the ground reduces nitrogen loss via volatilization, thereby enhancing nutrient ...

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