Latin America Ammonia Market Size & Outlook, 2022-2030

The ammonia market in Latin America is expected to reach a projected revenue of US$ 6,461.8 million by 2030. A compound annual growth rate of 4.3% is expected of Latin America ammonia market from 2023 to 2030.
Revenue, 2022 (US$M)
$4,611.7
Forecast, 2030 (US$M)
$6,461.8
CAGR, 2023 - 2030
4.3%
Report Coverage
Latin America

Latin America ammonia market highlights

  • The Latin America ammonia market generated a revenue of USD 4,611.7 million in 2022.
  • The market is expected to grow at a CAGR of 4.3% 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.


Latin America data book summary

Market revenue in 2022USD 4,611.7 million
Market revenue in 2030USD 6,461.8 million
Growth rate4.3% (CAGR from 2022 to 2030)
Largest segmentAnhydrous
Fastest growing segmentLiquid (Aqueous)
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLiquid (Aqueous), Anhydrous
Key market players worldwideKoch 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, Latin America region accounted for 2.2% of the global ammonia market in 2022.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 178,516.6 million by 2030.

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Ammonia Market Companies

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Latin America 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 63.77% in 2022. Horizon Databook has segmented the Latin America ammonia market based on liquid (aqueous), anhydrous covering the revenue growth of each sub-segment from 2018 to 2030.


The regional market growth can be attributed to the growing commercial use of anti-drones. For instance, commercial entities are using handheld anti-drone systems to deal with ongoing threats from rogue societal elements. 

The growing use of drone detection to help identify rogue operators is expected to drive the growth of the anti-drone market in Latin America.

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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ammonia market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ammonia market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America ammonia market

Latin America Ammonia Market Outlook Share, 2022 & 2030 (US$M)

Latin America ammonia market

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