The ammonia agriculture and industrial sector is forecast to reach a market size of some 111 billion U.S. dollars worldwide in 2050, making it the largest application for the chemical. Shipping fuel is expected to follow in second, with a market valued at 87 billion U.S. dollars. That same year, agriculture and industry is also estimated to account for the highest share of ammonia demand across the globe.
Forecast market size of ammonia worldwide in 2050, by application
(in billion U.S. dollars)
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Yara International. (June 30, 2022). Forecast market size of ammonia worldwide in 2050, by application (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1345795/forecast-global-ammonia-market-size-by-application/
Yara International. "Forecast market size of ammonia worldwide in 2050, by application (in billion U.S. dollars)." Chart. June 30, 2022. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1345795/forecast-global-ammonia-market-size-by-application/
Yara International. (2022). Forecast market size of ammonia worldwide in 2050, by application (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1345795/forecast-global-ammonia-market-size-by-application/
Yara International. "Forecast Market Size of Ammonia Worldwide in 2050, by Application (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Jun 2022, https://www.statista.com/statistics/1345795/forecast-global-ammonia-market-size-by-application/
Yara International, Forecast market size of ammonia worldwide in 2050, by application (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1345795/forecast-global-ammonia-market-size-by-application/ (last visited November 18, 2024)
Forecast market size of ammonia worldwide in 2050, by application (in billion U.S. dollars) [Graph], Yara International, June 30, 2022. [Online]. Available: https://www.statista.com/statistics/1345795/forecast-global-ammonia-market-size-by-application/
