Liquid Anhydrous Ammonia Market Revenue was valued at USD 16.5 Billion in 2024 and is estimated to reach USD 24.0 Billion by 2033, growing at a CAGR of 5% from 2026 to 2033.
In 2022, the global liquid anhydrous ammonia market was valued at approximately USD 19.5 billion and is projected to reach USD 30.5 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030. The Asia Pacific region dominated the market, driven by rapid industrialization and a substantial agricultural base. In India, for instance, ammonia consumption reached about 18.29 million metric tons in 2024, with expectations to grow at a CAGR of 8.2%, reaching approximately 37.17 million metric tons by 2034. North America also held a significant market share, accounting for over 40% of the global revenue, with a market size of USD 28.86 billion in 2024 and a projected CAGR of 6.4% from 2024 to 2031. The markets growth is primarily fueled by the increasing demand for nitrogen based fertilizers in agriculture to enhance crop yields, especially in regions with growing populations. Additionally, the expanding industrial applications of anhydrous ammonia, such as in the production of chemicals and refrigeration systems, contribute to market expansion. Opportunities for growth are evident in the adoption of sustainable agricultural practices and advancements in fertilizer application technologies like precision farming. However, challenges persist, including the hazardous nature of handling and storing anhydrous ammonia, which necessitates stringent safety measures and regulatory compliance to mitigate environmental and safety risks.
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Tokuyama
Lite Technology
Haohua Chemical
Weifang Yuanhua Chemical
Shandong Haihua Group
ShijiazhuangRunhong Technology
China Petrochemical Corporation
Nanjin Chemical Industrial
Tronox Limited
Tianjin Bohua YongLi Chemical Industry
Omnia
DOW
Solvay
OCI Chemical Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Liquid Anhydrous Ammonia Market
Liquid Anhydrous Ammonia
Ammonium Nitrate
Ammonium Sulfate
Agriculture (Fertilizers)
Industrial Applications
Water Treatment
Agriculture
Chemicals & Petrochemicals
Mining
Direct Sales
Retail Sales
Online Sales
Bulk Transportation
Cylinder Transportation
On-site Storage
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Liquid Anhydrous Ammonia Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Liquid Anhydrous Ammonia Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Liquid Anhydrous Ammonia Market, By Type
6. Global Liquid Anhydrous Ammonia Market, By Application
7. Global Liquid Anhydrous Ammonia Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Liquid Anhydrous Ammonia Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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