The global ammonia market was valued at USD 70.7 billion in 2024 and is projected to grow to USD 113 billion by 2034, expanding at a CAGR of 4.8% from 2025 to 2034. Asia‑Pacific currently leads with a 54.2% revenue share, generating roughly USD 38.3 billion in 2024.
Ammonia Market Overview | Supply Chain, Pricing & Market Value
The global ammonia market was valued at USD 70.7 billion in 2024 and is projected to grow to USD 113 billion by 2034, expanding at a CAGR of 4.8% from 2025 to 2034. Asia‑Pacific currently leads with a 54.2% revenue share, generating roughly USD 38.3 billion in 2024.
Ammonia (NH₃), a colourless gas used extensively in fertilizers, chemicals, refrigeration, and emerging as a clean energy carrier, remains fundamental to global agriculture accounting for almost 80% of usage and plays a growing role in industrial and energy applications
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