PUNE, India, Oct. 11, 2022 (GLOBE NEWSWIRE) — The global Ammonia market size is expected to reach $110.93 billion by 2028, growing at a CAGR of 6.4% over the forecast period. Fortune Business Insights™ highlights this information in its report titled “Ammonia Market, 2021-2028” which also predicts that the value of this market was US$67.01 billion in 2020 and is expected to reach US$71.98 billion in 2021.

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List of Major Players Profiled in this Ammonia Market Report

  • China National Petroleum Corporation (Beijing, China)
  • Koch Fertilizer, LLC (Kansas, USA)
  • Qatar Petroleum (Doha, Qatar)
  • Nutrien Ltd. (Saskatoon, Canada)
  • BASF SE (Ludwigshafen, Germany)
  • Rashtriya Chemicals and Fertilizers Limited (RCFL) (Mumbai, India)
  • Praxair Technology, Inc. (Connecticut, USA)
  • EuroChem Group (Zug, Switzerland)
  • SABIC (Riyadh, Saudi Arabia)
  • CF Industries Holdings, Inc. (Illinois, USA)
  • Yara International ASA (Oslo, Norway)

Scope and segmentation of the report:

report coverage details
forecast period 2021-2028
Forecast CAGR 6.4%
Value prognosis 2029 $110.93 million
base year 2020
Ammonia Market Size in 2021 $67.01 billion
Historical data 2017-2019
number of pages 140
Covered Segments By category, type and region
Ammonia Market Growth Drivers Demand for ammonia will increase as scientists focus on reducing greenhouse gases
Asia-Pacific Ammonia Market Size, 2020 (Billion USD)

The outbreak of the COVID-19 pandemic has caused the market growth to stall and decline 4.8% in 2020 due to the hindrances of lockdowns and social distancing measures for the fertilizer industry. These obstacles mainly take the form of disruptions in the supply chain, leading to production delays and a sudden drop in the availability of agricultural inputs.

Cummins is working with KBR to develop integrated green ammonia

In May 2021, technology leader Cummins and KBR signed an…


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