From Globe Newswire: 2025-04-15 20:30:00

The ammonia market is set to grow from $79.47 billion in 2024 to $91.95 billion by 2029, with a CAGR of 3.0%. This growth is driven by the increasing demand for ammonia in agriculture to boost crop yields, as well as government investments in greener energy solutions and stricter environmental regulations.

Anhydrous ammonia is the largest segment in the market, with applications in agriculture, textile, and more. Europe holds the second-largest share in the global ammonia market. The market is expected to see growth in the anhydrous segment due to its cost-effectiveness and direct application to soil, especially in large-scale agricultural operations.

Direct sales channels are preferred by industrial buyers and farmers for steady ammonia supply at competitive rates. This direct communication between producers and consumers promotes operational efficiency, customization, and prompt delivery in the ammonia market.

The agriculture sector is projected to dominate the ammonia market, driven by the increasing need for effective farming methods to support population growth. Asia Pacific leads the market, with countries like China and India driving ammonia production and consumption due to the growing agricultural sector and investments in renewable energy sources.

Overall, the ammonia market is on a steady growth trajectory, with increasing demand in agriculture and industrial applications. Anhydrous ammonia is a key segment to watch, and direct sales channels are expected to play a significant role in the market’s development.



Read more at Globe Newswire: Ammonia Market worth $91.95 billion by 2029, at 3.0%, says