Canada Ammonia Market Size & Outlook, 2022-2030
Canada ammonia market, 2018-2030 (US$M)
Related Markets
Canada ammonia market highlights
- The Canada ammonia market generated a revenue of USD 4,402.4 million in 2022 and is expected to reach USD 6,405.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
- In terms of segment, anhydrous was the largest revenue generating product in 2022.
- Liquid (Aqueous) is the most lucrative product segment registering the fastest growth during the forecast period.
Ammonia market data book summary
| Market revenue in 2022 | USD 4,402.4 million |
| Market revenue in 2030 | USD 6,405.6 million |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Anhydrous |
| Fastest growing segment | Liquid (Aqueous) |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Liquid (Aqueous), Anhydrous |
| Key market players worldwide | Koch Industries, Yara International ASA, CF Industries Holdings Inc, Nutrien Ltd, SABIC, Sumitomo Chemical Co Ltd, Acron, Qafco, TogliattiAzot |
Other key industry trends
- In terms of revenue, Canada accounted for 2.1% of the global ammonia market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. ammonia market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 24,258.8 million by 2030.
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Ammonia Market Scope
Ammonia Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada ammonia market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ammonia market will help companies and investors design strategic landscapes.
Anhydrous was the largest segment with a revenue share of 60.79% in 2022. Horizon Databook has segmented the Canada ammonia market based on liquid (aqueous), anhydrous covering the revenue growth of each sub-segment from 2018 to 2030.
The market growth in the country can be attributed to the high demand for anti-drone systems in the Canadian Army. For instance, in March 2023, the Canadian military expected to fast track the acquisition of anti-drone equipment, anti-tank missiles, and other defense equipment to assist its soldiers deployed in Latvia.
Furthermore, the trend of joint operations between private companies and the military is expected to drive the market growth. For instance, in December 2022, DroneShield Ltd. conducted a Counter Uncrewed Aerial Systems Sandbox joint exercise in partnership with the Canadian Army, Navy, Air force, and Special Operations Forces.
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Target buyers of Canada ammonia market databook
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Our clientele includes a mix of ammonia market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada ammonia market , including forecasts for subscribers. This country databook contains high-level insights into Canada ammonia market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada ammonia market size, by product, 2018-2030 (US$M)
Canada Ammonia Market Outlook Share, 2022 & 2030 (US$M)
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