Market overview
The global ammonia market is worth USD 82.4 bn in 2026 and is forecast to reach USD 120 bn by 2036, growing at a 3.8% CAGR. China is the largest country market and Natural gas based is the largest by route segment.
| Scope | Ammonia produced and sold, including grey, blue and green ammonia, for fertilizer, industrial chemical and emerging fuel uses, valued at plant-gate and merchant sales. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 80.0 bn |
| Value 2026 | USD 82.4 bn |
| Value 2036 | USD 120 bn |
| CAGR 2026-2036 | 3.8% |
| Volume 2026 | 189 million tonnes |
| Volume 2036 | 253 million tonnes |
| Average price 2026 | USD 436 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Ammonia market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 82.4 bn |
| 2027 | USD 85.5 bn |
| 2028 | USD 88.8 bn |
| 2029 | USD 92.2 bn |
| 2030 | USD 95.7 bn |
| 2031 | USD 99.3 bn |
| 2032 | USD 103 bn |
| 2033 | USD 107 bn |
| 2034 | USD 111 bn |
| 2035 | USD 115 bn |
| 2036 | USD 120 bn |
Ammonia market segmentation
By route
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Natural gas based | 70.0% | 51.6% | USD 57.7 bn | 0.7% |
| Coal based | 28.0% | 16.6% | USD 23.1 bn | -1.5% |
| Low-emission ammonia | 2.0% | 31.7% | USD 1.6 bn | 36.9% |
By end use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Nitrogen fertilizers | 80.0% | 65.7% | USD 65.9 bn | 1.8% |
| Industrial chemicals | 13.0% | 11.2% | USD 10.7 bn | 2.3% |
| Explosives and mining | 4.0% | 3.8% | USD 3.3 bn | 3.3% |
| Fuel and power | 1.0% | 17.7% | USD 824 mn | 38.3% |
| Others | 2.0% | 1.6% | USD 1.6 bn | 1.8% |
By derivative
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Urea | 48.0% | 46.0% | USD 39.6 bn | 3.4% |
| Ammonium nitrates | 12.0% | 11.0% | USD 9.9 bn | 2.9% |
| Ammonium phosphates | 10.0% | 9.0% | USD 8.2 bn | 2.7% |
| Ammonium sulphate | 6.0% | 6.0% | USD 4.9 bn | 3.8% |
| Industrial and other derivatives | 24.0% | 28.0% | USD 19.8 bn | 5.4% |
By sales mode
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Captive and integrated use | 46.0% | 43.0% | USD 37.9 bn | 3.1% |
| Merchant contract sales | 36.0% | 36.0% | USD 29.7 bn | 3.8% |
| Spot and traded cargoes | 18.0% | 21.0% | USD 14.8 bn | 5.4% |
By storage and delivery
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Refrigerated bulk | 38.0% | 41.0% | USD 31.3 bn | 4.6% |
| Pressurised storage and cylinders | 22.0% | 18.0% | USD 18.1 bn | 1.7% |
| Pipeline and captive transfer | 40.0% | 41.0% | USD 33.0 bn | 4.1% |
Top 25 countries for ammonia by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 66.0% of 2026 revenue and the 25 countries below together hold 87.1%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 23.1 bn | 28.0% | USD 28.8 bn | 2.2% |
| 2 | India | USD 8.2 bn | 10.0% | USD 13.2 bn | 4.8% |
| 3 | United States | USD 6.6 bn | 8.0% | USD 9.6 bn | 3.8% |
| 4 | Russia | USD 3.3 bn | 4.0% | USD 4.3 bn | 2.7% |
| 5 | Indonesia | USD 2.9 bn | 3.5% | USD 4.4 bn | 4.4% |
| 6 | Brazil | USD 2.9 bn | 3.5% | USD 4.5 bn | 4.7% |
| 7 | Pakistan | USD 2.5 bn | 3.0% | USD 3.6 bn | 3.8% |
| 8 | Canada | USD 2.1 bn | 2.5% | USD 2.9 bn | 3.4% |
| 9 | Trinidad and Tobago | USD 1.5 bn | 1.8% | USD 2.2 bn | 3.8% |
| 10 | Morocco | USD 1.4 bn | 1.7% | USD 2.5 bn | 6.0% |
| 11 | Egypt | USD 1.4 bn | 1.6% | USD 2.2 bn | 4.9% |
| 12 | Iran | USD 1.3 bn | 1.6% | USD 2.0 bn | 4.2% |
| 13 | Saudi Arabia | USD 1.3 bn | 1.6% | USD 2.1 bn | 4.9% |
| 14 | Bangladesh | USD 1.3 bn | 1.6% | USD 2.2 bn | 5.5% |
| 15 | Australia | USD 1.2 bn | 1.5% | USD 2.0 bn | 4.9% |
| 16 | Germany | USD 1.2 bn | 1.5% | USD 1.7 bn | 3.4% |
| 17 | Turkey | USD 1.2 bn | 1.5% | USD 2.0 bn | 4.9% |
| 18 | Mexico | USD 1.1 bn | 1.4% | USD 1.7 bn | 4.2% |
| 19 | Vietnam | USD 1.1 bn | 1.4% | USD 2.0 bn | 5.5% |
| 20 | Poland | USD 1.0 bn | 1.3% | USD 1.6 bn | 4.2% |
| 21 | Argentina | USD 1.0 bn | 1.3% | USD 1.6 bn | 4.2% |
| 22 | Nigeria | USD 1.0 bn | 1.3% | USD 1.8 bn | 5.5% |
| 23 | Netherlands | USD 1.0 bn | 1.3% | USD 1.5 bn | 3.5% |
| 24 | France | USD 964 mn | 1.2% | USD 1.3 bn | 3.4% |
| 25 | Thailand | USD 964 mn | 1.2% | USD 1.5 bn | 4.8% |
| Rest of world | USD 10.7 bn | 12.9% | USD 16.5 bn | 4.5% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Yara
- CF Industries
- Nutrien
- OCI
- QAFCO
- EuroChem
Group 2: Regional and specialist players
- SABIC Agri-Nutrients
- Fertiglobe
- Koch Fertilizer
- Sinopec
- OCP Group
- Pupuk Indonesia
- Ma'aden
- PhosAgro
Group 3: Emerging and niche players
- Chambal Fertilisers
- Grupa Azoty
- Acme Group
- NEOM Green Hydrogen Company
- AM Green
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the ammonia market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 3.8% is calculated from the resulting values.
The market is divided by route, by end use, by derivative, by sales mode, by storage and delivery. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the ammonia market?
The global ammonia market is estimated at USD 80.0 bn in 2025 and USD 82.4 bn in 2026.
How fast will the ammonia market grow?
It is forecast to reach USD 120 bn by 2036, a compound annual growth rate of 3.8% from 2026, an increase of USD 37.2 bn.
Which country is the largest market for ammonia?
China is the largest market by revenue at USD 23.1 bn in 2026, 28.0% of the global total. The three largest countries together hold 46.0%.
Which country is growing fastest?
Among the ten largest markets, Morocco is growing fastest at 6.0% a year from 2026 to 2036.
Which ammonia segment is largest?
In the by route split, Natural gas based is the largest segment with 70.0% of 2026 revenue.
Who are the leading ammonia companies?
Global leaders include Yara, CF Industries, Nutrien, OCI.
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