China Ammonia Market Size & Outlook, 2024-2030
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China ammonia market highlights
- The China ammonia market generated a revenue of USD 52,352.6 million in 2024 and is expected to reach USD 75,846.9 million by 2030.
- The China market is expected to grow at a CAGR of 6.5% from 2025 to 2030.
- In terms of segment, anhydrous was the largest revenue generating product in 2024.
- Liquid (Aqueous) is the most lucrative product segment registering the fastest growth during the forecast period.
Ammonia market data book summary
| Market revenue in 2024 | USD 52,352.6 million |
| Market revenue in 2030 | USD 75,846.9 million |
| Growth rate | 6.5% (CAGR from 2025 to 2030) |
| Largest segment | Anhydrous |
| Fastest growing segment | Liquid (Aqueous) |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 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, China accounted for 23.4% of the global ammonia market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ammonia market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 75,846.9 million by 2030.
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Ammonia Market Scope
Ammonia Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| TogliattiAzot | View profile | 5001-10000 | Togliatti, Sakha, Russian Federation, Europe | http://www.toaz.ru/eng/ |
| Qafco | View profile | 1001-5000 | Qatar, Al Aqabah, Jordan, Asia | https://www.qafco.qa/ |
| Acron | View profile | 5001-10000 | Moscow, Moscow City, Russian Federation, Europe | http://www.acron.ru |
| CF Industries Holdings Inc | View profile | 2700 | 2375 Waterview Drive, Northbrook, IL, United States, 60062 | https://www.cfindustries.com |
| Koch Industries | View profile | 10001+ | Wichita, Kansas, United States, North America | https://www.kochind.com |
| Yara International ASA | View profile | 18000 | Drammensveien 131, Oslo, Norway, 0277 | https://www.yara.com |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Nutrien Ltd | View profile | 25900 | 211 19th Street East, Suite 1700, Saskatoon, SK, Canada, S7K 5R6 | https://www.nutrien.com |
| Sumitomo Chemical Co Ltd | View profile | 37235 | 27-1, Shinkawa 2-chome, Chuo-ku, Tokyo, Japan, 104-8260 | http://www.sumitomo-chem.co.jp |
China 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 61.91% in 2024. Horizon Databook has segmented the China 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 proliferation of the latest technologies. For instance, in November 2022, the China Space Sanjiang Group unveiled its laser drone that used laser guiding systems capable of destroying low-flying unmanned drones.
Furthermore, the country is expected to invest significant amounts of capital in anti-drone systems following the geopolitical tensions with the U.S.
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Target buyers of China 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 China ammonia market , including forecasts for subscribers. This country databook contains high-level insights into China ammonia market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China ammonia market size, by product, 2018-2030 (US$M)
China Ammonia Market Outlook Share, 2024 & 2030 (US$M)
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