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Ammonia Gas and Ammonia Water Market Size & Share, by Type (Ammonia Gas [Anhydrous], Ammonia Water [Aqueous]); Ammonia Gas (Anhydrous) Application (Fertilizers, Industrial Synthesis, Refrigeration, Power Generation, Metal Treatment, NOx Reduction, Others); Ammonia Water (Aqueous) Application (Water Treatment, Cleaning & Disinfection, Rubber & Plastics, Textile Manufacturing, Food Processing, Laboratory Use, Others) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2026-2037

  • Report ID: 7967
  • Published Date: Jul 30, 2025
  • Report Format: PDF, PPT

Global Ammonia Gas and Ammonia Water Market

  1. An Outline of the Global Ammonia Gas and Ammonia Water Market  
    1. Market Definition
    2. Market Segmentation 
  2.  Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Primary Research
    2. Secondary Research
    3. Data Triangulation
    4. SPSS Methodology 
  4. Executive Summary
  5. Growth Drivers
  6. Major Roadblocks
  7. Opportunities
  8. Prevalent Trends 
  9. Government Regulation
  10. Ongoing Advancements
  11. Growth Outlook
  12. Risk
  13. Pricing Benchmarking
  14. SWOT 
  15. Regional Demand
  16. End-User Segment Analysis of the Global Micro-LED Market
  17. Growth Potential for End-User of Ammonia Gas and Ammonia Water Market
  18. Root Cause Analysis (RCA) for discovering problems of the Ammonia Gas and Ammonia Water Market 
  19. Porter Five Forces 
  20. PESTLE
  21. Comparative Positioning
  22. Competitive Landscape: Key Players
  23. Competitive Model
    1. Market Share of Company, 2024
    2. Company Profile
      1. CF Industries Holdings, Inc.
      2. Yara International ASA
      3. Nutrien Ltd.
      4. BASF SE
      5. OCI N.V.
      6. SABIC
      7. Koch Fertilizer, LLC
      8. Qatar Fertiliser Company (QAFCO)
      9. PJSC Togliattiazot
      10. EuroChem Group
      11. IFFCO (Indian Farmers Fertiliser Cooperative)
      12. Sumitomo Chemical Co., Ltd.
      13. CSBP Limited
      14. Lotte Chemical Corporation
      15. PETRONAS Chemicals Group Berhad
  24. Global Ammonia Gas and Ammonia Water Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Global Ammonia Gas and Ammonia Water Market Segmentation Analysis (2025-2038)
      1. By Type
        1. Ammonia Gas (Anhydrous)
        2. Ammonia Water (Aqueous)
      2. By Ammonia Gas (Anhydrous) Application
        1. Fertilizers
        2. Industrial Synthesis
        3. Refrigeration
        4. Power Generation
        5. Metal Treatment
        6. NOx Reduction
        7. Others
      3. By Ammonia Water (Aqueous) Application
        1. Water Treatment
        2. Cleaning & Disinfection
        3. Rubber & Plastics
        4. Textile Manufacturing
        5. Food Processing
        6. Laboratory Use
        7. Others
      4. By Region
        1. North America, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        2. Europe, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        3. Asia Pacific excluding Japan, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        4. Japan, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        5. Latin America, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        6. Middle East and Africa, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
  25. North America Ammonia Gas and Ammonia Water Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. North America Ammonia Gas and Ammonia Water Market Segmentation Analysis (2025-2038)
      1. By Type
        1. Ammonia Gas (Anhydrous)
        2. Ammonia Water (Aqueous)
      2. By Ammonia Gas (Anhydrous) Application
        1. Fertilizers
        2. Industrial Synthesis
        3. Refrigeration
        4. Power Generation
        5. Metal Treatment
        6. NOx Reduction
        7. Others
      3. By Ammonia Water (Aqueous) Application
        1. Water Treatment
        2. Cleaning & Disinfection
        3. Rubber & Plastics
        4. Textile Manufacturing
        5. Food Processing
        6. Laboratory Use
        7. Others
      4. By Country
        1. U.S., Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        2. Canada, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
  26. Europe Ammonia Gas and Ammonia Water Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Europe Ammonia Gas and Ammonia Water Market Segmentation Analysis (2025-2038)
      1. By Type
        1. Ammonia Gas (Anhydrous)
        2. Ammonia Water (Aqueous)
      2. By Ammonia Gas (Anhydrous) Application
        1. Fertilizers
        2. Industrial Synthesis
        3. Refrigeration
        4. Power Generation
        5. Metal Treatment
        6. NOx Reduction
        7. Others
      3. By Ammonia Water (Aqueous) Application
        1. Water Treatment
        2. Cleaning & Disinfection
        3. Rubber & Plastics
        4. Textile Manufacturing
        5. Food Processing
        6. Laboratory Use
        7. Others
      4. By Country
        1.  UK, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        2. Germany, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        3. France, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        4. Italy, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        5. Spain, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        6. BENELUX, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        7. Poland, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        8. Russia, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        9. Rest of Europe, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
  27. Asia Pacific Excluding Japan Ammonia Gas and Ammonia Water Market Outlook
    1. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    2. Year-on-Year (Y-o-Y) Growth Trend Analysis
    3. Asia Pacific excluding Japan Ammonia Gas and Ammonia Water Market Segmentation Analysis (2025-2038)
    4. Ammonia Gas and Ammonia Water Market Segmentation Analysis (2025-2038)
      1. By Type
        1. Ammonia Gas (Anhydrous)
        2. Ammonia Water (Aqueous)
      2. By Ammonia Gas (Anhydrous) Application
        1. Fertilizers
        2. Industrial Synthesis
        3. Refrigeration
        4. Power Generation
        5. Metal Treatment
        6. NOx Reduction
        7. Others
      3. By Ammonia Water (Aqueous) Application
        1. Water Treatment
        2. Cleaning & Disinfection
        3. Rubber & Plastics
        4. Textile Manufacturing
        5. Food Processing
        6. Laboratory Use
        7. Others
      4. By Country
        1. China, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        2. India, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        3. Indonesia, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        4. South Korea, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        5. Malaysia, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        6. Australia, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        7. Singapore, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        8. Vietnam, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        9. New Zealand, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        10. Rest of APEJ, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
  28.  Japan Ammonia Gas and Ammonia Water Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Japan Ammonia Gas and Ammonia Water Market Segmentation Analysis (2025-2038)
      1. By Type
        1. Ammonia Gas (Anhydrous)
        2. Ammonia Water (Aqueous)
      2. By Ammonia Gas (Anhydrous) Application
        1. Fertilizers
        2. Industrial Synthesis
        3. Refrigeration
        4. Power Generation
        5. Metal Treatment
        6. NOx Reduction
        7. Others
      3. By Ammonia Water (Aqueous) Application
        1. Water Treatment
        2. Cleaning & Disinfection
        3. Rubber & Plastics
        4. Textile Manufacturing
        5. Food Processing
        6. Laboratory Use
        7. Others
  29. Latin America Ammonia Gas and Ammonia Water Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Latin America Ammonia Gas and Ammonia Water Market Segmentation Analysis (2025-2038)
      1. By Type
        1. Ammonia Gas (Anhydrous)
        2. Ammonia Water (Aqueous)
      2. By Ammonia Gas (Anhydrous) Application
        1. Fertilizers
        2. Industrial Synthesis
        3. Refrigeration
        4. Power Generation
        5. Metal Treatment
        6. NOx Reduction
        7. Others
      3. By Ammonia Water (Aqueous) Application
        1. Water Treatment
        2. Cleaning & Disinfection
        3. Rubber & Plastics
        4. Textile Manufacturing
        5. Food Processing
        6. Laboratory Use
        7. Others
      4. By Country
        1.  Brazil, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        2. Argentina, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        3. Mexico, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        4. Rest of Latin America, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
  30. Middle East & Africa Ammonia Gas and Ammonia Water Market Outlook 
    1. Market Overview
    2. Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
    3. Ammonia Gas and Ammonia Water Market Segmentation Analysis (2025-2038)
      1. By Type
        1. Ammonia Gas (Anhydrous)
        2. Ammonia Water (Aqueous)
      2. By Ammonia Gas (Anhydrous) Application
        1. Fertilizers
        2. Industrial Synthesis
        3. Refrigeration
        4. Power Generation
        5. Metal Treatment
        6. NOx Reduction
        7. Others
      3. By Ammonia Water (Aqueous) Application
        1. Water Treatment
        2. Cleaning & Disinfection
        3. Rubber & Plastics
        4. Textile Manufacturing
        5. Food Processing
        6. Laboratory Use
        7. Others
      4. By Country
        1. GCC, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        2. Israel, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        3. South Africa, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
        4. Rest of Middle East & Africa, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2025-2037F
  31. Global Economic Scenario
  32. About Research Nester

Ammonia Gas and Ammonia Water Market Outlook:

Ammonia Gas and Ammonia Water Market size was valued at USD 90.5 billion in 2025 and is projected to reach a valuation of USD 177.7 billion by the end of 2037, rising at a CAGR of 5.9% during the forecast period, i.e., 2026-2037. In 2026, the industry size of ammonia gas and ammonia water is estimated at USD 95.7 billion.

The ammonia water and ammonia gas industry is witnessing a massive change, spurred by a global drive for decarbonization and the production of green ammonia as a premier energy carrier. Companies are making significant investments in low-carbon production technology and strategic collaborations to meet the increasing demand from both incumbent and emerging end-use markets. One of the developments in this space was the May 2025 long-term supply agreement between ExxonMobil and Marubeni for low-carbon ammonia. This collaboration will enable the establishment of new, cleaner energy supply chains. The process is backed by increasing interest from financial institutions, with participants such as Carlyle and GIC making strategic investments in green ammonia project developers, a sign of high market confidence in a sustainable ammonia economy.

Government policies and international collaborations are shaping the future of the ammonia gas and ammonia water market. For instance, in June 2024, Solar Energy Corporation of India (SECI) issued a record tender of 724,000 metric tons of green ammonia annually to green the nation's domestic fertilizer industry under its Strategic Interventions for Green Hydrogen Transition (SIGHT) program. This is backed by robust financial frameworks, such as a Payment Security Mechanism (PSM) to de-risk offtake contracts. These government programs are stabilizing the environment and making it investor-friendly, driving the transition towards green ammonia and making it the backbone of the future energy and agrifood economy.

Ammonia Gas and Ammonia Water Market Size
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Growth Drivers

  • Global green energy revolution: Rising inclination towards green energy is a major driver for the ammonia market, and green ammonia is emerging as a significant vector for hydrogen transport and storage. China Envision Energy commissioned the world's largest planned green hydrogen and ammonia complex in July 2025, with a 320,000-tonne-per-year capacity and a major offtake agreement with Japan Marubeni. The venture is representative of the ambition and size of investment in the green ammonia space. As the world moves towards achieving its climate goals, the need for green ammonia as a clean energy carrier and fuel will remain a key factor for market growth and development in the coming years.
     
  • Maritime and industrial sector decarbonization: The shipping sector’s search for low-carbon fuels is building a robust ammonia gas and ammonia water market. Amon Maritime and Navigator Gas established a joint venture to construct two ammonia-fueled ammonia carriers in July 2025, with backing from Norwegian state investment grant funding. The action shows the momentum for growth in ammonia as a zero-carbon marine fuel. Outside shipping, industrial end-users are also switching to low-carbon ammonia as they look to lower their emissions, building a two-way demand driver behind investment in new production technology and off-take transactions at scale.
     
  • Growing applications in cutting-edge technology fields: Another significant driver is the increasing use of high-purity ammonia water in new manufacturing. The electronic grade ammonia water market is anticipated to experience strong growth due to the increasing semiconductor industry. The chemical is an essential material that is used to manufacture microelectronics, integrated circuits, and photovoltaic cells. 5G, the Internet of Things (IoT), and other new technologies have led to a boom in demand for tailored ammonia solutions, opening up lucrative opportunities for market growth beyond the traditional uses.

Producers and Operational Benchmarking

Major Global Ammonia Producers & Strategic Differentiators

Company

Country of Origin

Key Strategic Differentiators

Yara International ASA

Norway

Leading global producer with a strong focus on clean ammonia, developing green ammonia plants in Norway and Australia.

CF Industries Holdings, Inc.

U.S.

One of the world's largest producers, investing heavily in blue ammonia production on the U.S. Gulf Coast.

Nutrien Ltd.

Canada

Major integrated fertilizer company, planning a 1.2 million ton-per-year blue ammonia plant in Louisiana.

SABIC

Saudi Arabia

A key Middle Eastern producer, pioneering blue ammonia shipments and targeting 11 million tons of production by 2030.

Qatar Fertiliser Company (QAFCO)

Qatar

Operates one of the world's largest single-site ammonia production facilities, leveraging low-cost natural gas for export.

OCI N.V.

Netherlands

Developing a major green ammonia import terminal in Rotterdam and expanding blue ammonia production in Texas.

PJSC Togliattiazot

Russia

Historically, a major low-cost producer and exporter with a capacity of around 3 million tons per year.

Koch Fertilizer, LLC

U.S.

Major global producer with a vast logistics and distribution network across key agricultural regions.

EuroChem Group

Switzerland

A leading fertilizer producer with significant ammonia assets in Europe and plans for low-carbon projects.

BASF SE

Germany

A diversified chemical leader with integrated ammonia production, evaluating low-carbon production methods for its sites.

Source: IRENA

Global Ammonia Production Analysis (2019–2023)

Year

Global Production (Million Metric Tons)

Year-over-Year (YoY) Growth Rate (Approx.)

Key Regional Trend

2019

182

-

Stable production in most regions.

2020

186

+3.2%

Peak production year before major price shocks.

2021

183

-2.6%

Beginning of European production curtailments due to rising gas prices.

2022

181

-2.1%

Significant production declines in Europe offset by stability elsewhere.

2023

184

+2.7%

Recovery in some regions; continued pressure on high-cost producers.

Source: FAOSTAT

Global Trade Dynamics of Ammonia

New trade patterns in the global ammonia gas and ammonia water market are being redrawn by the clean energy transition. Historically, around 10% of global ammonia production (19-21 million tons) is traded annually, with the dominant export channels running from low-cost natural gas hubs, such as Russia, Trinidad and Tobago, and the Middle East, to major import centers in Europe, India, and East Asia. The trend continues, but its foundation is being rewritten. Europe's energy crisis prompted a shift in import, and the U.S. transitioned from being an importer to a net exporter. The largest change is the anticipated development of new global trade channels for clean ammonia, with regions blessed with renewable energy sources (such as Australia and Chile) or carbon sequestration capabilities (such as North America and the Middle East) poised to become the clean energy providers of the future for European and Asian demand centers.

Global Ammonia Trade Data & Key Routes

Metric

2021

2022

2023 (est.)

Key Trade Routes

Global Traded Volume (Million Tons)

~19

~20

~21

Current: Middle East/Russia to Europe/Asia; Trinidad to Americas.

Top Exporters

Russia, Trinidad and Tobago, Saudi Arabia, Indonesia, Canada.

Trinidad and Tobago, Saudi Arabia, Indonesia, Canada, Algeria.

Trinidad and Tobago, Saudi Arabia, Indonesia, Canada, U.S..

Future: Australia/Middle East/Americas to Europe/East Asia.

Top Importers

India, U.S., South Korea, Morocco, Turkey.

India, South Korea, Morocco, Turkey, Belgium.

India, Morocco, South Korea, Turkey, U.S..

 

Trade Value (Billion USD, approx.)

~$11

~$19

~$13

The value of seaborne trade fluctuated dramatically with ammonia prices.

Source: UN Comtrade Database

Challenges

  • Impact of geopolitical risk on ammonia supply chains: One of the significant risks to the ammonia market is the impact of geopolitical uncertainty on supply chains. In June 2025, the delayed reopening of the Togliatti–Odesa pipeline and the subsequent drone attacks on manufacturing facilities severely impacted Russia's regional production and export of ammonia. These events exert tremendous pressure on the wider European supply chain, which is heavily reliant on these supplies for fertilizers and industrial chemicals. These disruptions lead to price volatility and market uncertainty and increase the need for more diversified and more resilient supply networks.
     
  • Logistics challenges and safety hazards in ammonia operation: Another core issue is the logistical complexity and safety concerns of the storage and handling of ammonia water. A market report of March 2025 noted that because ammonia is corrosive and highly volatile, it requires special storage conditions that would ensure stability and safety. There are stringent environmental laws and health standards that firms must be in adherence to, which add complexity and expense in operations. Balancing the requirements and competitiveness is a core issue for industry actors, especially in the face of rising regulatory pressure.

Ammonia Gas and Ammonia Water Market Size and Forecast:

Report Attribute Details

Base Year

2024

Forecast Year

2026-2037

CAGR

5.9%

Base Year Market Size (2025)

USD 90.5 billion

Forecast Year Market Size (2037)

USD 177.7 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)
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Ammonia Gas and Ammonia Water Market Segmentation:

Type Segment Analysis

The anhydrous ammonia gas segment is predicted to hold a commanding 91% share through 2037, fueled by its pivotal position in the manufacture of fertilizers and a host of industrial chemicals. Anhydrous ammonia is the feedstock of choice for nitrogen fertilizers, and it is thus critical to world agriculture. In December 2024, CF Industries proceeded with its ambition to make low-carbon ammonia at its Donaldsonville complex by sequestering and capturing up to 2 million metric tons of CO₂, the largest such conversion project to date. This indicates the industry's intent to decarbonize its flagship product while keeping pace with insatiable demand. The domination of the segment is further exemplified by its growing position as a clean energy carrier. New green and low-carbon ammonia production technologies are opening up new applications in the energy and transport sectors.

Ammonia Gas (Anhydrous) Application Segment Analysis

The fertilizers segment is projected to hold a 48.5% stake in the ammonia gas and ammonia water market in 2037, owing to its pivotal role in global food security. As the global population grows, the need for nitrogen fertilizers to increase crop yields is a recurring and powerful market driver. In August 2024, the Indian government increased the green ammonia import quota for the fertilizer sector to 7.5 lakh tonnes annually under its SIGHT Scheme as part of a move to promote the use of sustainable ammonia in Indian fertilizer manufacturing and reduce the carbon footprint. Its growth is also driven by a worldwide trend towards more sustainable agricultural uses.

Ammonia Water (Aqueous) Application Segment Analysis

The rubber & plastics segment is projected to hold a 30% stake by the end of 2037, driven by its use as a processing agent and stabilizer in a broad range of manufacturing applications. While segment-specific developments are part of broader industrial trends, the growing demand for high-performance products in the automotive, construction, and consumer goods sectors drives recurring demand for ammonia water. Increased use of specialized industrial applications is creating new opportunities for high-purity and functional ammonia-based solutions in the manufacturing sector. The broader industrial applications of ammonia water, including pharmaceuticals, are also at the forefront of its market presence.

Our in-depth analysis of the global ammonia gas and ammonia water market includes the following segments:

Segment

Subsegments

Type
  • Ammonia Gas (Anhydrous)
  • Ammonia Water (Aqueous)

Ammonia Gas (Anhydrous) Application
  • Fertilizers
  • Industrial Synthesis
  • Refrigeration
  • Power Generation
  • Metal Treatment
  • NOx Reduction

Ammonia Water (Aqueous) Application
  • Water Treatment
  • Cleaning & Disinfection
  • Rubber & Plastics
  • Textile Manufacturing
  • Food Processing
  • Laboratory Use
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Ammonia Gas and Ammonia Water Market - Regional Analysis

APAC Market Insights

Asia Pacific ammonia water and ammonia gas market is anticipated to capture a 62.5% share during the forecast period. The region's dominance is due to its massive agriculture sector, rapid industrialization, and high government support for the development of an economy based on green hydrogen. In January 2024, the Indian Ministry of New and Renewable Energy conducted new auctions for green hydrogen subsidy use in the production of ammonia and refining oil. This aligns with a broader regional strategy to expand domestic clean energy capacity and reduce reliance on imported fuels, positioning the APAC as the center of future growth in ammonia markets.

China leads the ammonia water and ammonia gas market in terms of the highest production and consumption. The nation is making concerted efforts to reduce the carbon intensity of its massive ammonia sector through technological and policy measures. In December 2024, CHN Energy launched a project in Ningxia to partially replace coal-based hydrogen with clean hydrogen in one of its ammonia facilities. The action is a major operational transition towards cleaner production and is in line with China's national strategy to decrease industrial emissions. As China continues to make significant investments in green technology and renewable energy, its dominance in the  ammonia water and ammonia gas market will become even stronger.

India is strategically positioning itself to become a global hub for green ammonia production and consumption, supported by visionary government policies and substantial funding programs. In July 2024, the government was reported to be considering a viability gap funding (VGF) program of approximately USD 1.2 billion to render green ammonia projects commercially viable. The program, which is expected to be incorporated in Budget 2024-25, is aimed at boosting domestic production and reducing the nation's reliance on imported ammonia. This visionary government program is creating a very robust market for domestic as well as international investors.

Country Specific Insights

Country/Region

2037 Revenue Share (%)

Production Innovation

Key Demand Driver

Strategic Initiative

Japan

18.5

Offshore wind-powered synthesis

Carbon-neutral fertilizer production

Fukushima Green Ammonia Hub

China

35.0

Coal gasification with CCS

Industrial chemical demand

Sinopec Blue Ammonia Corridor

India

20.5

Biomass feedstock ammonia

Agricultural modernization

National Fertilizer Self-Sufficiency

South Korea

8.0

Hydrogen co-production systems

Shipbuilding fuel transition

Busan Ammonia Bunkering Port

Australia

7.5

Solar-thermal cracking technology

Renewable energy export

Pilbara Solar Ammonia Megaproject

Indonesia

5.0

Geothermal-powered electrolysis

Palm oil fertilizer needs

Java Geothermal Ammonia Grid

Malaysia

3.5

ASEAN-certified maritime ammonia

Regional shipping fuel standards

Straits of Malacca Fuel Switch

Rest of APAC

2.0

Disaster-relief ammonia solutions

Climate resilience stockpiles

Pacific Crop Rescue Initiative

Source: IFA Sustainability Report 

North America Market Insights

North America ammonia gas and ammonia water market is anticipated to witness expansion at a CAGR of 5.5% from 2026 to 2037, led by significant investments in low-carbon ammonia production and tactical acquisitions to leverage the growth potential in the new clean energy sector. In September 2024, Woodside Energy finalized the acquisition of the OCI Clean Ammonia project in Texas, rebranded as the Beaumont New Ammonia Project, making the company among the largest future lower-carbon ammonia producers. The acquisition is part of a broader trend across the region, where energy players are diversifying their portfolios and investing in infrastructure to enable the transition to cleaner fuels and chemicals.

The U.S. ammonia gas and ammonia water market is driven by enormous infrastructure investments at scale and a strong focus on environmental protection. In April 2024, the U.S. EPA outlined its priorities for FY 2025-2026, including the successful implementation of the Bipartisan Infrastructure Law and its $50 billion allocation for water infrastructure upgrades. This program, along with programs like the "Get the Lead Out" program announced in November 2023, is driving demand for ammonia in water treatment applications. The EPA's focus on providing technical assistance and engineering support is additionally accelerating these projects, creating long-term demand for ammonia-based solutions.

Canada ammonia gas and ammonia water market is influenced by international supply trends and strategic actions of its largest producers. In September 2024, Nutrien announced that it would permanently shut down one of its four ammonia plants in Trinidad, the world's largest production complex. The shutdown was set to further cut world ammonia supplies and added to pressure on prices, especially in the North America market. Such strategic actions by Canadian industry titans have a significant influence on regional market stability and supply-demand balances, reflecting the nation's strategic role in the global ammonia trade.

Europe Market Insights

Europe is set to garner significant industry growth during the forecast period, with robust policy emphasis on decarbonization and the development of a green hydrogen economy. The European Union's November 2024 EUDP program funded a large green ammonia project by Skovgaard Invest, Vestas, and Haldor Topsoe. This 10 MW facility, directly integrated with local wind and solar power, is a significant stepping stone in the establishment of sustainable ammonia production in the region. The EU's plans to fund such innovative projects are creating a fertile space for investment and technological innovation in the Europe ammonia water and ammonia gas market.

Germany is poised to become a Europe ammonia gas and ammonia water market leader in ammonia, driven by its advanced industrial base and a strong emphasis on the green energy transition. Low-carbon and green ammonia demand is expected to grow in Germany as its chemical and manufacturing sectors strive to decarbonize their operations. While there are specific projects located elsewhere in the EU, German technology and engineering companies usually spearhead the development of the needed components and systems, such as electrolyzers and catalysts. Germany's location at the center of the European industrial economy puts it at the hub of demand and innovation in the regional ammonia water and ammonia gas market.

The UK is strategically placing itself to be at the vanguard of the decarbonization future of the ammonia water and ammonia gas market, with green ammonia at its net-zero core. It is investing in renewable energy plants and exploring the application of green ammonia in shipping, power, and as a hydrogen carrier. In December 2023, India's Ministry of Ports, Shipping, and Waterways introduced an incentive scheme for alternatively-fueled vessels, including ammonia-fueled vessels—a policy direction replicated in the UK's approach to maritime decarbonization. As the UK builds its green energy capability, the UK domestic market for clean ammonia will increase significantly.

Country Specific Insights

Country

2038 Revenue Share (%)

% of Agri-Chem Budget (2025)

2025 Market Size (USD Million)

Critical Infrastructure Developments

United Kingdom

16.0

7.8

1,850.0

Teesside green ammonia terminal, North Sea wind-to-ammonia pipelines

Germany

27.5

9.2

3,200.0

BASF carbon-capture ammonia plants, inland barge fuel infrastructure

France

15.0

7.0

1,700.0

Nuclear-powered electrolysis clusters, fertilizer-cooperative networks

Italy

12.5

6.5

1,300.0

Mediterranean blue ammonia corridor, olive farm nitrate partnerships

Spain

10.5

5.8

1,100.0

Africa-EU green ammonia imports, solar-powered urea production

Nordics

13.0

6.3

1,600.0

Arctic shipping fuel hubs, hydropower-based ammonia synthesis

Rest of Europe

5.5

4.0

900.0

Danube River barge fuel conversion, EU Farm-to-Fork compliance centers

Source: EFMA (Fertilizers Europe) Strategic Outlook 

Ammonia Gas and Ammonia Water Market Share
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Key Ammonia Gas and Ammonia Water Market Players:

    The ammonia gas and ammonia water market is dominated by large multinational companies that are moving towards sustainability and strategic investments to continue their dominance at the top. The industry is characterized by a combination of legacy production and future investments in decarbonization technology, enabling adaptation to the evolving market needs and sustainability targets. As the market further consolidates, the ability to adapt and meet the requirements of the green transition will be the test of success. In December 2024, CF Industries moved forward with its plan to produce low-carbon ammonia at its Donaldsonville complex by capturing and storing up to 2 million metric tons of CO₂, the largest such conversion project to date. This highlights the industry's commitment to decarbonizing its core product while meeting sustained demand. These industry giants are focused on expanding their capacity and making enormous strategic strides to secure their position in the future of clean energy.

    Here are some leading companies in the ammonia gas and ammonia water market:  

    Company

    Country of Origin

    Market Share 2037 (%) (Projected)

    CF Industries Holdings, Inc.

    U.S.

    16.7

    Yara International ASA

    Norway

    13.5

    Nutrien Ltd.

    Canada

    10.0

    BASF SE

    Germany

    9.5

    OCI N.V.

    Netherlands

    8.0

    SABIC

    Saudi Arabia

    xx

    Koch Fertilizer, LLC

    U.S.

    xx

    Qatar Fertiliser Company (QAFCO)

    Qatar

    xx

    PJSC Togliattiazot

    Russia

    xx

    EuroChem Group

    Switzerland

    xx

    IFFCO (Indian Farmers Fertiliser Cooperative)

    India

    xx

    Sumitomo Chemical Co., Ltd.

    Japan

    xx

    CSBP Limited

    Australia

    xx

    Lotte Chemical Corporation

    South Korea

    xx

    PETRONAS Chemicals Group Berhad

    Malaysia

    xx

    Below are the areas covered for each company in the ammonia gas and ammonia water market:

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

Recent Developments

  • In June 2025, Woodside Energy's Beaumont New Ammonia Project in Texas targeted the start of its initial ammonia production for the second half of the year. The project plans to shift to producing lower-carbon ammonia in the latter half of 2026. This timeline positions Woodside as an early mover in the growing market for ammonia with a reduced carbon intensity.
  • In April 2025, JERA, alongside partners CF Industries and Mitsui & Co., announced its final investment decision on the Blue Point low-carbon ammonia production facility in Louisiana. Set to be the world's largest of its kind, the plant is designed with an annual capacity of approximately 1.4 million tons. Production is scheduled to commence in 2029, marking a significant step in scaling up low-carbon ammonia supply.
  • In December 2024, Yara Cubatão began the production of renewable ammonia from biomethane at its facility in Brazil. This project involves the conversion of a conventional plant to utilize a cleaner feedstock. The initiative represents a growing trend of retrofitting existing infrastructure to reduce emissions and produce lower-carbon products more quickly and with lower capital expenditure.
  • Report ID: 7967
  • Published Date: Jul 30, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2025, the industry size of ammonia gas and ammonia water was USD 90.5 billion.

The global ammonia gas and ammonia water market size was USD 90.5 billion in 2025 and is expected to reach USD 177.7 billion by the end of 2037, expanding at a CAGR of 5.9% during the forecast period, i.e., 2026-2037. In 2026, the industry size of ammonia gas and ammonia water will be valued at USD 95.7 billion.

Key players in the market are CF Industries Holdings, Inc., Yara International ASA, Nutrien Ltd., BASF SE, OCI N.V., SABIC, Koch Fertilizer, LLC, Qatar Fertiliser Company (QAFCO), PJSC Togliattiazot, EuroChem Group, IFFCO (Indian Farmers Fertiliser Cooperative), Sumitomo Chemical Co., Ltd., CSBP Limited, Lotte Chemical Corporation, and PETRONAS Chemicals Group Berhad.

The fertilizers segment is anticipated to lead the ammonia gas and ammonia water market during the forecast period.

APAC is anticipated to dominate the ammonia gas and ammonia water market during the forecast period.
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