Ammonia Market Size, Industry Share

The ammonia market has experienced significant growth over the past decade, primarily driven by its crucial role in agriculture. As a key component in fertilizers, ammonia plays a vital role in ensuring food security, especially in emerging economies where there is an urgent need to increase crop yields. Ammonia is a fundamental building block of nitrogen, a key nutrient for plant growth, making it indispensable in the production of agrichemicals.

Ammonia is primarily produced through the Haber-Bosch process, which involves converting atmospheric nitrogen into ammonia using hydrogen and a metal catalyst under extreme temperatures. This process, developed in the early 20th century, has evolved significantly over the years. During World War I, it was primarily used to manufacture explosives, but today, it is mainly used for fertilizer production.