Delray Beach, FL, April 15, 2025 (GLOBE NEWSWIRE) — In terms of value, the Ammonia Market size is projected to grow from USD 79.47 billion in 2024 and is projected to reach USD 91.95 billion by 2029, at a CAGR of 3.0%, as per the recent study by MarketsandMarkets™. The ammonia market is predicted to rise steadily throughout the forecast period, owing to ammonia being an essential component in agriculture as a key ingredient fertilizer. Globally as the population is increasing consequently there will be a high demand for higher crop yields, this will increase the demand for ammonia as it boosts the soil productivity. Governments across the globe are investing in greener energy solutions and adopting stricter environmental regulations.
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Browse in-depth TOC on “Ammonia Market”
225 – Market Data Tables
54 – Figures
231 – Pages
List of Key Players in Ammonia Market:
- CF Industries Holdings, Inc. (US),
- Yara International ASA (Norway),
- OCI Global (Netherlands),
- BASF SE (Germany),
- Nutrien (Canada).
Drivers, Opportunities and Challenges in Ammonia Market:
- Drivers: Rising agricultural demand for ammonia
- Restraint: Fluctuations in pricing
- Opportunity: Growing emphasis on low-carbon solutions
- Challenge: Alternative technologies
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Key Findings of the Study:
- By type, anhydrous accounts for the largest share of the ammonia market.
- Textile accounts for the second-largest share of the ammonia market by end-use industry.
- Europe accounted for …