Ammonia Market Size

Ammonia Market size was over USD 86.63 billion in 2024 and is poised to reach USD 215.6 billion by the end of 2037, growing at around 7.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of ammonia is assessed at USD 91.69 billion.

The increasing population worldwide rises the need for more crop yield leading to positive market growth. The world population was about 7,926,081,300 as of 2022, as per estimations of the U.S Census Bureau.

Rapid expansion and modernization of the agricultural industry across the world are expected to drive the growth of the ammonia market trend during the forecast period. According to the U.S Department of Agriculture, the net farm income is projected to rise by USD 7.3 billion i.e., a 5.2% increase from 2021 to USD 147.7 billion in 2022.