Ammonia Market Size, Share & Forecast 2025

1. 2015 – 2025 GLOBAL AMMONIA MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Scope of Report Product of Interest (POI): Ammonia The global ammonia market is expected to witness significant growth during the forecast period owing to the spurring demand from multiple downstream industries such as agriculture, consumer goods, pharmaceuticals, etc. Additionally, population outburst and increasing discretionary income followed by modern lifestyles in developing nations such as India, Brazil, Indonesia, etc., is escalating the demand for agricultural products, thereby boosting the consumption of ammonia in fertilizer applications. Market Segmentation Year Range APPLICATION REGION MANUFACTURING PROCESS Fertilizers (Nitrogenous, • Phosphatic, Complex) Review Period North America • Chemicals • Europe • 2015 – 2018 Steam Reforming • (Caprolactam, Middle East & Africa • Partial Oxidation • Acrylonitrile, Ammonium Base Year Asia-Pacific • Cryogenic Separation • Bicarbonate, Nitric Acid, South America • Coal Gasification 2019 • Ammonium Sulphate) Others • Pharmaceuticals • Estimated Year Electronics • 2020 Refrigerants • Household • Forecast Period Food • 2021 – 2025 Others • 2

3. Table of Contents S. No. Contents Page No. 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 5. Global Ammonia Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value & Volume 5.2. Market Share & Forecast By Manufacturing Process (Steam Reforming, Partial Oxidation, Cryogenic Separation, Coal Gasification, Others) 5.2.1. By Application (Fertilizers (Nitrogenous, Phosphatic, Complex), Chemicals (Caprolactam, Acrylonitrile, Ammonium Bicarbonate, Nitric Acid, Ammonium Sulphate), Pharmaceuticals, Electronics, Refrigerants, Household, Food, Others) 5.2.2. 5.2.3. By Region (Asia-Pacific, Europe, North America, South America, Middle East & Africa) 5.2.4. By Company (2018) 6. Asia-Pacific Ammonia Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 3

4. Table of Contents S. No. Contents Page No. 6.2. Market Share & Forecast 6.2.1. By Manufacturing Process 6.2.2. By Application 6.2.3. By Country 6.3. Asia-Pacific: Country Analysis China Ammonia Market Outlook 6.3.1. Market Size & Forecast 6.3.1.1. By Value & Volume 6.3.1.1.1. Market Share & Forecast 6.3.1.2. By Manufacturing Process 6.3.1.2.1. By Application 6.3.1.2.2. India Ammonia Market Outlook 6.3.2. Market Size & Forecast 6.3.2.1. By Value 6.3.2.1.1. Market Share & Forecast 6.3.2.2. By Manufacturing Process 6.3.2.2.1. By Application 6.3.2.2.2. Japan Ammonia Market Outlook 6.3.3. Market Size & Forecast 6.3.3.1. 4

5. Table of Contents S. No. Contents Page No. By Value & Volume 6.3.3.1.1. Market Share & Forecast 6.3.3.2. By Manufacturing Process 6.3.3.2.1. By Application 6.3.3.2.2. South Korea Ammonia Market Outlook 6.3.4. Market Size & Forecast 6.3.4.1. By Value & Volume 6.3.4.1.1. Market Share & Forecast 6.3.4.2. By Manufacturing Process 6.3.4.2.1. By Application 6.3.4.2.2. Indonesia Ammonia Market Outlook 6.3.5. Market Size & Forecast 6.3.5.1. By Value & Volume 6.3.5.1.1. Market Share & Forecast 6.3.5.2. By Manufacturing Process 6.3.5.2.1. By Application 6.3.5.2.2. 7. Europe Ammonia Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 5

6. Table of Contents S. No. Contents Page No. 7.2.1. By Manufacturing Process 7.2.2. By Application 7.2.3. By Country 7.3. Europe: Country Analysis France Ammonia Market Outlook 7.3.1. 7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value & Volume 7.3.1.2. Market Share & Forecast By Manufacturing Process 7.3.1.2.1. By Application 7.3.1.2.2. Germany Ammonia Market Outlook 7.3.2. Market Size & Forecast 7.3.2.1. By Value & Volume 7.3.2.1.1. Market Share & Forecast 7.3.2.2. By Manufacturing Process 7.3.2.2.1. By Application 7.3.2.2.2. United Kingdom Ammonia Market Outlook 7.3.3. Market Size & Forecast 7.3.3.1. By Value & Volume 7.3.3.1.1. Market Share & Forecast 7.3.3.2. 6

7. Table of Contents S. No. Contents Page No. By Manufacturing Process 7.3.3.2.1. By Application 7.3.3.2.2. Italy Ammonia Market Outlook 7.3.4. Market Size & Forecast 7.3.4.1. By Value & Volume 7.3.4.1.1. Market Share & Forecast 7.3.4.2. By Manufacturing Process 7.3.4.2.1. By Application 7.3.4.2.2. Spain Ammonia Market Outlook 7.3.5. Market Size & Forecast 7.3.5.1. By Value & Volume 7.3.5.1.1. Market Share & Forecast 7.3.5.2. By Manufacturing Process 7.3.5.2.1. By Application 7.3.5.2.2. 8. North America Ammonia Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Manufacturing Process 8.2.2. By Application 7

8. Table of Contents S. No. Contents Page No. 8.2.3. By Country 8.3. North America: Country Analysis United States Ammonia Market Outlook 8.3.1. Market Size & Forecast 8.3.1.1. By Value & Volume 8.3.1.1.1. Market Share & Forecast 8.3.1.2. By Manufacturing Process 8.3.1.2.1. By Application 8.3.1.2.2. 8.3.2. Mexico Ammonia Market Outlook Market Size & Forecast 8.3.2.1. By Value & Volume 8.3.2.1.1. Market Share & Forecast 8.3.2.2. By Manufacturing Process 8.3.2.2.1. By Application 8.3.2.2.2. 8.3.3. Canada Ammonia Market Outlook Market Size & Forecast 8.3.3.1. By Value & Volume 8.3.3.1.1. Market Share & Forecast 8.3.3.2. By Manufacturing Process 8.3.3.2.1. By Application 8.3.3.2.2. 8

9. Table of Contents S. No. Contents Page No. 9. South America Ammonia Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value & Volume 9.2. Market Share & Forecast 9.2.1. By Manufacturing Process 9.2.2. By Application 9.2.3. By Country South America: Country Analysis 9.3. 9.3.1. Brazil Ammonia Market Outlook Market Size & Forecast 9.3.1.1. By Value & Volume 9.3.1.1.1. Market Share & Forecast 9.3.1.2. By Manufacturing Process 9.3.1.2.1. By Application 9.3.1.2.2. 9.3.2. Argentina Ammonia Market Outlook Market Size & Forecast 9.3.2.1. By Value & Volume 9.3.2.1.1 Market Share & Forecast 9.3.2.2. By Manufacturing Process 9.3.2.2.1. By Application 9.3.2.2.2. 9

10. Table of Contents S. No. Contents Page No. 9.3.3. Colombia Ammonia Market Outlook Market Size & Forecast 9.3.3.1. By Value & Volume 9.3.3.1.1. Market Share & Forecast 9.3.3.2. By Manufacturing Process 9.3.3.2.1. By Application 9.3.3.2.2. 10. Middle East & Africa Ammonia Market Outlook Market Size & Forecast 10.1. 10.1.1. By Value & Volume 10.2. Market Share & Forecast 10.2.1. By Manufacturing Process 10.2.2. By Application 10.2.3. By Country 10.3. Middle East & Africa: Country Analysis South Africa Ammonia Market Outlook 10.3.1. Market Size & Forecast 10.3.1.1. By Value & Volume 10.3.1.1.1. Market Share & Forecast 10.3.1.2. By Manufacturing Process 10.3.1.2.1. By Application 10.3.1.2.2. 10

11. Table of Contents S. No. Contents Page No. Saudi Arabia Ammonia Market Outlook 10.3.2. Market Size & Forecast 10.3.2.1. By Value & Volume 10.3.2.1.1. Market Share & Forecast 10.3.2.2. By Manufacturing Process 10.3.2.2.1. By Application 10.3.2.2.2. UAE Ammonia Market Outlook 10.3.3. 10.3.3.1. Market Size & Forecast By Value & Volume 10.3.3.1.1. 10.3.3.2. Market Share & Forecast By Manufacturing Process 10.3.3.2.1. By Application 10.3.3.2.2. Iran Ammonia Market Outlook 10.3.3. 10.3.3.1. Market Size & Forecast By Value & Volume 10.3.3.1.1. 10.3.3.2. Market Share & Forecast By Manufacturing Process 10.3.3.2.1. By Application 10.3.3.2.2. 11. Market Dynamics 11.1. Drivers 11.2. Challenges 12. Market Trends and Developments 11

12. Table of Contents S. No. Contents Page No. 13. Competitive Landscape 13.1. Competition Benchmarking 13.2. Players Profiled (Leading Companies) 14. Strategic Recommendations 15. About Us and Disclaimer 12

13. RESEARCH METHODOLOGY

14. Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in the global ammonia market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global ammonia market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 14

15. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global ammonia market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as spurring demand from multiple downstream industries such as agriculture, consumer goods, pharmaceuticals, etc. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global ammonia market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive • secondary research and primary surveys, with various key opinion leaders/stakeholders, such as ammonia companies, channel partners, market influencers & end users, industry experts, and other industry participants. The team interviewed more than 15 – 20 ammonia companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain stakeholders • in the global ammonia market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019. 15

16. Research Methodology Respondents were asked about the current and future market growth rates, market shares by manufacturing process, by application, by each region, • and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by manufacturing process, by application, by region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of ammonia markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global ammonia • market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 16

17. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources BASF SE ▪ World Bank ▪ PotashCorp ▪ TechSci Research Proprietary Database & Knowledge ▪ Yara International ▪ Repository CF Industries Holdings, Inc. ▪ Company Annual Reports ▪ Group DF ▪ Industry Magazines Togliattiazot ▪ ▪ OCI Nitrogen BV ▪ Industry Reports ▪ Agrium, Inc. ▪ News Dailies ▪ Koch Fertilizer, LLC' ▪ Credible Paid Databases ▪ Gujarat State Fertilizers & Chemicals Ltd. ▪ 17

18. Industry Report According to TechSci Research report, “Global Ammonia Market By Grade, By Application, By Manufacturing Process, By Region, Competition, Forecast & Opportunities, 2025”, the global ammonia market is forecast to reach $ 68 billion by 2025 owing to increasing demand from chemicals, fertilizers and pharmaceutical industries. Growing global fertilizer industry is expected to continue augmenting demand for ammonia over the next five years. However, global lockdown due to onset of COVID-19 has resulted in disruptions in the entire supply chain and decline in demand across major end use applications, globally, which is expected to negatively affect ammonia consumption in 2020. The global ammonia market is segmented based on grade, application, manufacturing process, and region. Based on grade, the global ammonia market is bifurcated into Anhydrous and Aqueous segments, of which Anhydrous holds the majority share due to its high demand in fertilizer market on account of its ease of availability and lower cost. Based on Application, the market can be fragmented into Fertilizers, Chemicals, pharmaceuticals, Electronics, Refrigeration, Household, Food, and Others. Fertilizers segment is expected to continue its dominance during the forecast period since nitrogen based products are abundantly used in agriculture sector, globally. Region wise, APAC is likely to dominate the global ammonia market over the next five years, majorly due to high consumption in China and India. COVID-19 pandemic is having a significant impact on the global demand scenario for ammonia, at least in the near term. Lockdown measures across the globe are negatively affecting the global fertilizer industry, which is resulting in declining demand for ammonia. This is expected to translate into negative growth of the global ammonia market in 2020. Nevertheless, with rising inclination towards opening up economies, demand for ammonia is forecast to witness revival and grow over the next five years. Major players operating in the global ammonia market include CF Industries Holdings, Yara International, Nutrien Fertilizer, OCI NV, Ostchem Holdings, Ma’aden Phosphate, Mosaic Crop Nutrition, Eurochem Group AG, among others. “Global ammonia market is witnessing steady growth and is expected to continue rising in the coming years. Market growth is anticipated on account of growing agriculture sector, majorly in Asia-Pacific, which will result in higher consumption of fertilizers, and consequently ammonia in the foreseeable future. Moreover, growing chemicals and pharmaceuticals sectors are also expected to positively influence the global ammonia market in the medium to long term.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 18

19. Sample Data - Snapshot Global Ammonia Market Size, By Value (USD Million), By Volume (Thousand Tons), 2015–2025F 15.00 110.00 14.00 100.00 13.00 90.00 12.00 80.00 11.00 70.00 10.00 60.00 9.00 50.00 8.00 40.00 7.00 30.00 6.00 20.00 5.00 10.00 CAGR By Value & Volume XX% CAGR By Value & Volume YY% 2015 2019 2020E 2025F By Value (USD Million) By Volume (Thousand Tons) North America Ammonia Market Share, By Manufacturing Process, By Value, 2015–2025F Steam Reforming Partial Oxidation Cryogenic Separation Coal Gasification Others 20% 20% 20% 20% 20% 2025F 20% 20% 20% 20% 20% 2024F 20% 20% 20% 20% 20% 2023F 20% 20% 20% 20% 20% 2022F 20% 20% 20% 20% 20% 2021F 20% 20% 20% 20% 20% 2020E 20% 20% 20% 20% 20% 2019 20% 20% 20% 20% 20% 2018 20% 20% 20% 20% 20% 2017 20% 20% 20% 20% 20% 2016 20% 20% 20% 20% 20% 2015 United States Ammonia Market Share, By Application, By Value, 2015–2025F Fertilizers Chemicals Pharmaceuticals Electronics Refrigerants Household Food Others 30% 10% 10% 10% 10% 10% 10% 10% 2025F 30% 10% 10% 10% 10% 10% 10% 10% 2024F 30% 10% 10% 10% 10% 10% 10% 10% 2023F 30% 10% 10% 10% 10% 10% 10% 10% 2022F 30% 10% 10% 10% 10% 10% 10% 10% 2021F 30% 10% 10% 10% 10% 10% 10% 10% 2020E 30% 10% 10% 10% 10% 10% 10% 10% 2019 30% 10% 10% 10% 10% 10% 10% 10% 2018 30% 10% 10% 10% 10% 10% 10% 10% 2017 30% 10% 10% 10% 10% 10% 10% 10% 2016 30% 10% 10% 10% 10% 10% 10% 10% 2015 19

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