Latest News- Ammonia (NH3) Market: Liquid is expected to lead the Form Factor segment during 2025-2029

The Ammonia (NH3) Market is being driven by Agriculture demand

The Ammonia (NH3) Market is expected to grow at a CAGR of 3.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 13329.3 million. In the global ammonia (NH3) market, the production of renewable ammonia is gaining significant traction as a transformative trend. Driven by the imperative to decarbonize industrial processes and reduce dependence on fossil fuels, renewable ammonia is produced using hydrogen derived from renewable energy sources, such as wind or solar power. This shift in production methodology substantially decreases the carbon footprint of ammonia production, aligning with global climate targets. In a landmark development, BASF, a leading industry player, initiated the first production of renewable ammonia in Central Europe in May 2025. The company introduced two new product offerings, renewable ammonia and renewable ammonia solution 24, marking a pivotal moment in the industry's transition towards sustainable ammonia production. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Form Factor
  • Liquid
  • Gas
• Application
  • Fertilizer
  • Industrial
• Geography
  • APAC
    • China
    • India
  • Europe
    • Germany
  • North America
    • Canada
    • US
  • Middle East and Africa
    • Egypt
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Agriculture demand
• Rapid pace of industrialization in emerging economies
• Government support

However, the market also witnesses some limitations, which are as follows:

• Safety and handling risks
• Geopolitical instability and supply chain disruptions
• Competition from alternative fertilizers and farming practices

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Market Scope in Ammonia (NH3) Market Research Report

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Research Analysis Overview

The Ammonia (NH3) market encompasses various applications, including ammonia cracking and decomposition for producing ammonia-based fuels as hydrogen carriers. Ammonia is utilized in blending with fuels for enhanced combustion, powering fuel cells, and generating power through electrolysis. Ammonia plays a crucial role in producing hydrogen for industrial applications, as well as in the production of ammonia-based chemicals for plastics, textiles, construction, mining, and desulfurization. Furthermore, ammonia is a vital component in bioplastics, biochemicals, and bioenergy production.

Market Research Overview

The Ammonia (NH3) market is a significant segment of the global specialty chemicals industry, encompassing manufacturers specializing in high-value-add chemicals for the production of ammonia through various processes such as the Haber-Bosch method, nitrogen fixation, and hydrogen production via natural gas reforming and renewable sources. The market's expansion is influenced by the increasing demand for specialty adhesives and sealants, which utilize ammonia in their manufacturing processes. The Haber-Bosch process, an essential technology for ammonia synthesis, remains a cornerstone of the industry. As the world transitions towards greener alternatives, the renewable ammonia and green ammonia sectors are gaining traction, presenting lucrative opportunities for market participants.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/