The North America Ammonia Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 39,008.8 Kilo Tonnes, showcasing a growth of 3.2% (2019-2022).
Ammonia, a molecule composed of one atom of nitrogen and three atoms of hydrogen (NH3), plays an essential role in numerous industries, including the agricultural sector, chemicals, and refrigeration. This is due to the increasing demand for ammonia in fertilizers and refrigerants. An increase in population, rising requirements for food, and decreasing agricultural land are some key elements contributing to boosting the NH3 fertilizers, which, in turn, will boost the market growth.
Ammonia is widely used in large-scale refrigeration facilities and is available in liquid and gaseous forms. Compared to systems that utilize CFCs, it is 10-20% more cost-effective and is therefore highly preferred. In addition, the product is considered a natural refrigerant because it has no direct greenhouse effect and no ozone depletion potential. In addition, NH3 possesses favorable thermodynamic properties that allow it to be refrigerated with minimal energy input. These variables are expected to influence the development of product demand during the forecast period.
Additionally, using green ammonia as a feedstock for manufacturing fertilizers and other chemicals represents a substantial opportunity. This could reduce greenhouse gas emissions and aid in the battle against climate change. Green ammonia can be used as a carbon-free fuel in transportation, heating, electricity generation, and fertilizer. Consequently, the growing need for green/sustainable ammonia is an opportunity for buyers for sustainable products. Also, NH3 increases crop yield by accelerating germination cycles, preventing direct crop-to-soil contact, and ensuring that fertilizers and nutrients are close to the roots. Therefore, an increase in demand for products is expected over the forecast period.
The US Department of Agriculture estimates that in 2021, agriculture, food, and associated businesses made up about $1.264 trillion, or 5.4%, of the country's gross domestic product (GDP). The output of American agriculture contributed $164.7 billion to this total or about 0.7% of the US gross domestic product. The aggregate contribution of agriculture to GDP is greater than 0.7%, as sectors related to agriculture depend on agricultural inputs to contribute to the economy's growth. The US agriculture industry is one of the largest consumers of ammonia-based fertilizers. As the need for food and agricultural products continues to grow to meet the needs of a growing population, there is a concurrent increase in the demand for ammonia-based fertilizers to optimize crop yields.
According to the Chemistry Industry Association of Canada (CIAC), Canada exported $37.4 billion of chemicals and chemical products worldwide in 2019. Canada's $54 billion chemical manufacturing industry significantly contributes to the country's economy. As the chemical industry in Canada expands, the demand for ammonia as a feedstock may increase. Ammonia is a fundamental raw material for the production of numerous chemical compounds. In the chemical industry, ammonia is a precursor in synthesizing products such as ammonium nitrate, sulfate, and various nitrogen-containing chemicals. Therefore, the market will expand significantly due to the above factors in this region.
The US market dominated the North America Ammonia Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $40,080.1 million by 2030. The Mexico market is exhibiting a CAGR of 5.8% during (2023 - 2030). Additionally, The Canada market would experience a CAGR of 5.6% during (2023 - 2030).
Based on Product Form, the market is segmented into Anhydrous, and Aqueous. Based on Application, the market is segmented into Fertilizers, Refrigerants, Pharmaceuticals, Textile, and Others. Based on countries, the market is segmented into U.S., Canada, Mexico, and Rest of North America.
Free Valuable Insights: The Ammonia Market is Predict to reach $306.7 Billion by 2030, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SABIC (Saudi Arabian Oil Company), Linde PLC, Yara International ASA, Nutrien Limited, BASF SE, Sumitomo Chemical Co., Ltd., Koch Industries, Inc. (Molex LLC), CF Industries Holdings, Inc., Qatar Fertiliser Company (Industries Qatar), and PJSC Togliattiazot.
Scope of the Study
Market Segments Covered in the Report:
By Product Form (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Fertilizers
- Refrigerants
- Pharmaceuticals
- Textile
- Others
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- SABIC (Saudi Arabian Oil Company)
- Linde PLC
- Yara International ASA
- Nutrien Limited
- BASF SE
- Sumitomo Chemical Co., Ltd.
- Koch Industries, Inc. (Molex LLC)
- CF Industries Holdings, Inc.
- Qatar Fertiliser Company (Industries Qatar)
- PJSC Togliattiazot
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Ammonia Market, by Product Form
1.4.2 North America Ammonia Market, by Application
1.4.3 North America Ammonia Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Ammonia Market
Chapter 5. North America Ammonia Market, By Product Form
5.1 North America Anhydrous Market, By Country
5.2 North America Aqueous Market, By Country
Chapter 6. North America Ammonia Market, By Application
6.1 North America Fertilizers Market, By Country
6.2 North America Refrigerants Market, By Country
6.3 North America Pharmaceuticals Market, By Country
6.4 North America Textile Market, By Country
6.5 North America Others Market, By Country
Chapter 7. North America Ammonia Market, By Country
7.1 US Ammonia Market
7.1.1 US Ammonia Market, By Product Form
7.1.2 US Ammonia Market, By Application
7.2 Mexico Ammonia Market
7.2.1 Mexico Ammonia Market, By Product Form
7.2.2 Mexico Ammonia Market, By Application
7.3 Canada Ammonia Market
7.3.1 Canada Ammonia Market, By Product Form
7.3.2 Canada Ammonia Market, By Application
7.4 Rest of North America Ammonia Market
7.4.1 Rest of North America Ammonia Market, By Product Form
7.4.2 Rest of North America Ammonia Market, By Application
Chapter 8. Company Profiles
8.1 SABIC (Saudi Arabian Oil Company)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 SWOT Analysis
8.2 Linde PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Yara International ASA
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Nutrien Limited
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Partnerships, Collaborations, and Agreements:
8.4.5 SWOT Analysis
8.5 BASF SE
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Sumitomo Chemical Co., Ltd.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Koch Industries, Inc. (Molex LLC)
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 CF Industries Holdings, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Recent strategies and developments:
8.8.4.1 Partnerships, Collaborations, and Agreements:
8.8.4.2 Acquisition and Mergers:
8.8.5 SWOT Analysis
8.9 Qatar Fertiliser Company (Industries Qatar)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 SWOT Analysis
8.10. PJSC Togliattiazot
8.10.1 Company Overview
8.10.2 SWOT Analysis
TABLE 1 North America Ammonia Market, 2019 - 2022, USD Million
TABLE 2 North America Ammonia Market, 2023 - 2030, USD Million
TABLE 3 North America Ammonia Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Ammonia Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Ammonia Market, By Product Form, 2019 - 2022, USD Million
TABLE 6 North America Ammonia Market, By Product Form, 2023 - 2030, USD Million
TABLE 7 North America Ammonia Market, By Product Form, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Ammonia Market, By Product Form, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Anhydrous Market, By Country, 2019 - 2022, USD Million
TABLE 10 North America Anhydrous Market, By Country, 2023 - 2030, USD Million
TABLE 11 North America Anhydrous Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Anhydrous Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Aqueous Market, By Country, 2019 - 2022, USD Million
TABLE 14 North America Aqueous Market, By Country, 2023 - 2030, USD Million
TABLE 15 North America Aqueous Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Aqueous Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Ammonia Market, By Application, 2019 - 2022, USD Million
TABLE 18 North America Ammonia Market, By Application, 2023 - 2030, USD Million
TABLE 19 North America Ammonia Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Ammonia Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Fertilizers Market, By Country, 2019 - 2022, USD Million
TABLE 22 North America Fertilizers Market, By Country, 2023 - 2030, USD Million
TABLE 23 North America Fertilizers Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Fertilizers Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Refrigerants Market, By Country, 2019 - 2022, USD Million
TABLE 26 North America Refrigerants Market, By Country, 2023 - 2030, USD Million
TABLE 27 North America Refrigerants Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Refrigerants Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Pharmaceuticals Market, By Country, 2019 - 2022, USD Million
TABLE 30 North America Pharmaceuticals Market, By Country, 2023 - 2030, USD Million
TABLE 31 North America Pharmaceuticals Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Pharmaceuticals Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Textile Market, By Country, 2019 - 2022, USD Million
TABLE 34 North America Textile Market, By Country, 2023 - 2030, USD Million
TABLE 35 North America Textile Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Textile Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Others Market, By Country, 2019 - 2022, USD Million
TABLE 38 North America Others Market, By Country, 2023 - 2030, USD Million
TABLE 39 North America Others Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Others Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 41 North America Ammonia Market, By Country, 2019 - 2022, USD Million
TABLE 42 North America Ammonia Market, By Country, 2023 - 2030, USD Million
TABLE 43 North America Ammonia Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 44 North America Ammonia Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 45 US Ammonia Market, 2019 - 2022, USD Million
TABLE 46 US Ammonia Market, 2023 - 2030, USD Million
TABLE 47 US Ammonia Market, 2019 - 2022, Kilo Tonnes
TABLE 48 US Ammonia Market, 2023 - 2030, Kilo Tonnes
TABLE 49 US Ammonia Market, By Product Form, 2019 - 2022, USD Million
TABLE 50 US Ammonia Market, By Product Form, 2023 - 2030, USD Million
TABLE 51 US Ammonia Market, By Product Form, 2019 - 2022, Kilo Tonnes
TABLE 52 US Ammonia Market, By Product Form, 2023 - 2030, Kilo Tonnes
TABLE 53 US Ammonia Market, By Application, 2019 - 2022, USD Million
TABLE 54 US Ammonia Market, By Application, 2023 - 2030, USD Million
TABLE 55 US Ammonia Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 56 US Ammonia Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 57 Mexico Ammonia Market, 2019 - 2022, USD Million
TABLE 58 Mexico Ammonia Market, 2023 - 2030, USD Million
TABLE 59 Mexico Ammonia Market, 2019 - 2022, Kilo Tonnes
TABLE 60 Mexico Ammonia Market, 2023 - 2030, Kilo Tonnes
TABLE 61 Mexico Ammonia Market, By Product Form, 2019 - 2022, USD Million
TABLE 62 Mexico Ammonia Market, By Product Form, 2023 - 2030, USD Million
TABLE 63 Mexico Ammonia Market, By Product Form, 2019 - 2022, Kilo Tonnes
TABLE 64 Mexico Ammonia Market, By Product Form, 2023 - 2030, Kilo Tonnes
TABLE 65 Mexico Ammonia Market, By Application, 2019 - 2022, USD Million
TABLE 66 Mexico Ammonia Market, By Application, 2023 - 2030, USD Million
TABLE 67 Mexico Ammonia Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 68 Mexico Ammonia Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 69 Canada Ammonia Market, 2019 - 2022, USD Million
TABLE 70 Canada Ammonia Market, 2023 - 2030, USD Million
TABLE 71 Canada Ammonia Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Canada Ammonia Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Canada Ammonia Market, By Product Form, 2019 - 2022, USD Million
TABLE 74 Canada Ammonia Market, By Product Form, 2023 - 2030, USD Million
TABLE 75 Canada Ammonia Market, By Product Form, 2019 - 2022, Kilo Tonnes
TABLE 76 Canada Ammonia Market, By Product Form, 2023 - 2030, Kilo Tonnes
TABLE 77 Canada Ammonia Market, By Application, 2019 - 2022, USD Million
TABLE 78 Canada Ammonia Market, By Application, 2023 - 2030, USD Million
TABLE 79 Canada Ammonia Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 80 Canada Ammonia Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 81 Rest of North America Ammonia Market, 2019 - 2022, USD Million
TABLE 82 Rest of North America Ammonia Market, 2023 - 2030, USD Million
TABLE 83 Rest of North America Ammonia Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Rest of North America Ammonia Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Rest of North America Ammonia Market, By Product Form, 2019 - 2022, USD Million
TABLE 86 Rest of North America Ammonia Market, By Product Form, 2023 - 2030, USD Million
TABLE 87 Rest of North America Ammonia Market, By Product Form, 2019 - 2022, Kilo Tonnes
TABLE 88 Rest of North America Ammonia Market, By Product Form, 2023 - 2030, Kilo Tonnes
TABLE 89 Rest of North America Ammonia Market, By Application, 2019 - 2022, USD Million
TABLE 90 Rest of North America Ammonia Market, By Application, 2023 - 2030, USD Million
TABLE 91 Rest of North America Ammonia Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 92 Rest of North America Ammonia Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 93 Key Information – SABIC
TABLE 94 key Information – Linde PLC
TABLE 95 Key Information – Yara International ASA
TABLE 96 Key Information – Nutrien Limited
TABLE 97 Key Information – BASF SE
TABLE 98 Key Information – Sumitomo Chemical Co., Ltd.
TABLE 99 key Information – Koch Industries, Inc.
TABLE 100 Key Information – CF Industries Holdings, Inc.
TABLE 101 Key Information – Qatar Fertiliser Company
TABLE 102 Key Information – PJSC Togliattiazot
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Ammonia Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Ammonia Market
FIG 4 Porter’s Five Forces Analysis – Ammonia Market
FIG 5 North America Ammonia Market, Share By Product Form, 2022
FIG 6 North America Ammonia Market, Share By Product Form, 2030
FIG 7 North America Ammonia Market, By Product Form, 2019 - 2030, USD Million
FIG 8 North America Ammonia Market, Share By Application, 2022
FIG 9 North America Ammonia Market, Share By Application, 2030
FIG 10 North America Ammonia Market, By Application, 2019 - 2030, USD Million
FIG 11 North America Ammonia Market, Share By Country, 2022
FIG 12 North America Ammonia Market, Share By Country, 2030
FIG 13 North America Ammonia Market, By Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: SABIC
FIG 15 Swot analysis: Linde plc
FIG 16 Swot Analysis: Yara International ASA
FIG 17 SWOT Analysis: Nutrien Limited
FIG 18 SWOT Analysis: BASF SE
FIG 19 Recent strategies and developments: Sumitomo Chemical Co., Ltd.
FIG 20 Swot Analysis: Sumitomo Chemical Co., Ltd.
FIG 21 SWOT Analysis: Koch Industries, Inc.
FIG 22 Recent strategies and developments: : CF Industries Holdings, Inc.
FIG 23 SWOT Analysis: CF Industries Holdings, Inc.
FIG 24 SWOT Analysis: Qatar Fertiliser Company
FIG 25 SWOT Analysis: PJSC Togliattiazot