Middle East & Africa Ammonia Market Size & Outlook
Middle East & Africa ammonia market, 2018-2030 (US$M)
Related Markets
MEA ammonia market highlights
- The MEA ammonia market generated a revenue of USD 11,209.0 million in 2022.
- The market is expected to grow at a CAGR of 3.8% 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 11,209.0 million |
| Market revenue in 2030 | USD 15,161.3 million |
| Growth rate | 3.8% (CAGR from 2022 to 2030) |
| Largest segment | Anhydrous |
| Fastest growing segment | Liquid (Aqueous) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, MEA region accounted for 5.5% 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.
Key Regions: U.S. , UK , Saudi Arabia , Canada , Mexico
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Ammonia Market Scope
Ammonia Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 58.47% in 2022. Horizon Databook has segmented the Middle East & Africa 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 substantial investments made by governments in the region to enhance their military equipment. For instance, in November 2022, the U.S. approved the sale of anti-drone systems worth USD 1 billion to Qatar for defense purposes. The joint combat operations between Western countries and MEA countries are expected to increase the demand for anti-drone systems in the region.
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Target buyers of Middle East & Africa 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa ammonia market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ammonia market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA ammonia market size, by country, 2018-2030 (US$M)
Middle East & Africa Ammonia Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
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