Ammonia Market continues to demonstrate robust expansion, with its valuation reaching USD 75.8 billion in 2023 . According to comprehensive industry projections, the market is expected to grow at a CAGR of 5.1% , reaching approximately USD 107.4 billion by 2030 . This sustained growth is primarily fueled by increasing applications across agriculture, refrigeration, and emerging clean energy sectors, particularly in developing economies where industrialization and food security remain top priorities. Ammonia , a cornerstone industrial chemical produced via the energy-intensive Haber-Bosch process, plays an indispensable role in global food production through nitrogen-based fertilizers. Its versatility as both a chemical feedstock and emerging energy carrier continues to open new application frontiers. Recent technological breakthroughs in green ammonia production have accelerated industry transformation, with major producers investing heavily in decarbonization initiatives to mee...
Industrial Analysis, Future Trends and Deep Penetration of Chemical Industry