The global ammonia market is expected to witness significant growth from 2023 to 2032. The market value of ammonia amounted to nearly 80 billion U.S. dollars in 2023 and is anticipated to exceed 120 billion U.S. dollars in 2032. This growth is driven by the increasing demand for ammonia in various end-use industries such as fertilizers, chemicals, and pharmaceuticals.
Market value of ammonia worldwide in 2022 and 2023, with a forecast for 2032
(in billion U.S. dollars)
*Forecast based on a compound annual growth rate of 4.54 percent during the forecast period from 2024 to 2032.
This statistic has been assembled using several editions of the press release from the source. The source does not specify a publication date therefore release date is given as the date of access.
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Imarc. (April 23, 2024). Market value of ammonia worldwide in 2022 and 2023, with a forecast for 2032 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 25, 2024, from https://www.statista.com/statistics/1391399/global-ammonia-market-size/
Imarc. "Market value of ammonia worldwide in 2022 and 2023, with a forecast for 2032 (in billion U.S. dollars)." Chart. April 23, 2024. Statista. Accessed November 25, 2024. https://www.statista.com/statistics/1391399/global-ammonia-market-size/
Imarc. (2024). Market value of ammonia worldwide in 2022 and 2023, with a forecast for 2032 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 25, 2024. https://www.statista.com/statistics/1391399/global-ammonia-market-size/
Imarc. "Market Value of Ammonia Worldwide in 2022 and 2023, with a Forecast for 2032 (in Billion U.S. Dollars)." Statista, Statista Inc., 23 Apr 2024, https://www.statista.com/statistics/1391399/global-ammonia-market-size/
Imarc, Market value of ammonia worldwide in 2022 and 2023, with a forecast for 2032 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1391399/global-ammonia-market-size/ (last visited November 25, 2024)
Market value of ammonia worldwide in 2022 and 2023, with a forecast for 2032 (in billion U.S. dollars) [Graph], Imarc, April 23, 2024. [Online]. Available: https://www.statista.com/statistics/1391399/global-ammonia-market-size/
