Saudi Arabia Ammonia Market Size & Outlook, 2022-2030
Saudi Arabia ammonia market, 2018-2030 (US$M)
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Saudi Arabia ammonia market highlights
- The Saudi Arabia ammonia market generated a revenue of USD 2,781.6 million in 2022 and is expected to reach USD 4,062.2 million by 2030.
- The Saudi Arabia 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 2,781.6 million |
| Market revenue in 2030 | USD 4,062.2 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, Saudi Arabia accounted for 1.4% of the global ammonia market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia ammonia market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4,062.2 million by 2030.
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Ammonia Market Scope
Ammonia Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 56.21% in 2022. Horizon Databook has segmented the Saudi Arabia ammonia market based on liquid (aqueous), anhydrous covering the revenue growth of each sub-segment from 2018 to 2030.
The country’s economy is heavily dependent on crude oil exports and the government is expected to deploy multiple anti-drone systems to protect the oil rigs and warehouses from attacks.
Moreover, the ongoing cooperation of Saudi Arabia with the U.S. is expected to increase modern anti-drone systems in the country. In March 2023, the U.S. and Saudi Arabia successfully conducted an anti-drone military exercise.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia ammonia market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia ammonia market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia ammonia market size, by product, 2018-2030 (US$M)
Saudi Arabia Ammonia Market Outlook Share, 2022 & 2030 (US$M)
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