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)
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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 May 21, 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 May 21, 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: May 21, 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 May 21, 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/