Ammonia Market

The ammonia market is projected to grow from USD 82.56  billion in 2025 to USD 102.74 billion in 2031, at a CAGR of 3.71% during the forecast period. The demand for ammonia is driven by rising demand from the agriculture industry, an increasing population, and growing demand for refrigeration.

The ammonia market is dominated by major players such as CF Industries Holdings, Inc. (US), Yara International ASA (Norway), OCI Global (Netherlands), BASF SE (Germany), and Nutrien (Canada). To increase their market share in the global ammonia market, these companies have implemented growth strategies such as partnerships, agreements, collaborations, acquisitions, product launches, and expansions. Major players used agreements and expansions as their dominant strategy, allowing them to increase their client base and global footprint.

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CF Industries Holdings, Inc. (US) is the largest global ammonia producer. CF Industries was established in 1946 as Central Farmers Fertilizer Company and became CF Industries in 1970. Its reportable segments include Ammonia, Granular Urea, UAN, AN, and Other. The company manufactures ammonia and ammonia-derived products at nine production facilities. The company’s primary product is anhydrous ammonia, composed of 82% nitrogen and 18% hydrogen. From this, CF Industries produces nitrogen-based products, including granular urea, urea ammonium nitrate solution (UAN), and ammonium nitrate (AN). It offers other nitrogen products, such as diesel exhaust fluid (DEF), urea liquor, nitric acid, and aqua ammonia, which are primarily supplied to its industrial customers. In 2025, its gross ammonia production at its manufacturing facilities reached 10.1 million tons, with a portion sold directly to agricultural and industrial customers. The company has major operations in the US and the UK, with geographic segments comprising the US, Canada, the UK, North America (excluding the US and Canada), and the Other foreign segment.

Yara International ASA (Norway) is a global leader in crop nutrition, ammonia production, and essential industrial solutions. Yara operates through the following segments: Europe, Americas, Africa & Asia, Global Production, Clean Ammonia, and Industrial Solutions. The Europe segment includes sales, marketing, and production activities within Europe. The Africa & Asia segment oversees the sales, marketing, distribution, and production of fertilizers and industrial products throughout the Asia Pacific, Africa, and Oceania regions. The Americas segment handles the sales, marketing, and manufacturing in North America, Latin America, and Brazil. Global Production includes Yara’s most significant export-oriented production facilities and joint ventures. The Industrial Solutions segment provides nitrogen-based solutions and related services. Finally, Clean Ammonia is responsible for ammonia sales and logistics, managing both internal supplies and those from third-party producers, supplying ammonia both within the group and externally. The company has more than 10,800 retail locations under the Yara brand in over 60 nations and operates sales in 140 countries.

Nutrien (Canada) is a leading provider of crop inputs and services. The company operates a top-tier, integrated network of production, distribution, and agricultural retail facilities, enabling customers to efficiently meet growers' needs. Nutrien Ag Solutions is the company's retail subsidiary, handling the distribution of farming supplies and fertilizers. It has four reportable segments: Retail, Potash, Nitrogen, and Phosphate. Nutrien is the world’s third-largest producer of nitrogen, with a gross ammonia capacity exceeding seven million tons and the capability to produce over 11 million tons of total nitrogen products across the US, Canada, and Trinidad.

MARKET RANKING

CF Industries Holdings, Inc. (US), Yara International ASA (Norway), OCI Global (Netherlands), BASF SE (Germany), and Nutrien (Canada) are the leading players in the global ammonia market. CF Industries Holdings, Inc. is the world’s largest producer of ammonia and is known for its exceptional safety performance, which enables it to consistently exceed industry capacity utilization standards. Yara International ASA is leading the market, making it the world’s second-largest producer of ammonia and the leading global trader of ammonia. OCI Global is promoting sustainability by developing green and bio-ammonia. BASF SE has a vast international presence and has focused on product innovations and upgrades in the ammonia market. Nutrien excels in its large production capacity, including 7.3 Mmt nameplate ammonia capacity.

Related Reports:

Ammonia Market by Type (Anhydrous, Aqueous), Sales Channel (Direct and Indirect), End-use Industry (Agriculture, Textile, Refrigeration, Mining, and Pharmaceutical), and Region - Global Forecast to 2031

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