U.S. Ammonia Market Size & Outlook, 2022-2030
U.S. ammonia market, 2018-2030 (US$M)
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U.S. ammonia market highlights
- The U.S. ammonia market generated a revenue of USD 16,260.0 million in 2022 and is expected to reach USD 24,258.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.1% 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 16,260.0 million |
| Market revenue in 2030 | USD 24,258.8 million |
| Growth rate | 5.1% (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, U.S. accounted for 7.9% 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 |
|---|
U.S. 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 62.11% in 2022. Horizon Databook has segmented the U.S. ammonia market based on liquid (aqueous), anhydrous covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. accounted for the highest market share of 91.0% in 2022. The country’s dominance can be attributed to its high budget for defense. For instance, in March 2023, the government of U.S. presented a budget worth USD 842 billion to Congress for the Department of Defense (DoD) for the fiscal year 2024.
Furthermore, the increasing trend of commercial users using anti-drone systems and hardware to protect their assets and businesses is expected to boost the market growth in the country.
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Target buyers of U.S. 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 U.S. ammonia market , including forecasts for subscribers. This country databook contains high-level insights into U.S. ammonia market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. ammonia market size, by product, 2018-2030 (US$M)
U.S. Ammonia Market Outlook Share, 2022 & 2030 (US$M)
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