The Middle East & Africa Ammonia market has reached nearly 20.9 million tonnes in 2023 and is expected to grow at a CAGR of 5.68% during the forecast period until 2034.
The significance of Ammonia lies in its crucial role as a fundamental component in the production of nitrogen fertilizers, essential for promoting agricultural growth. Beyond its importance in agriculture, Ammonia finds widespread application across diverse industries such as refrigeration. Its inclusion in detergent compositions underscores its efficacy in cleaning agents, while its utilization in explosives and pesticides underscores its relevance in industrial and agricultural contexts respectively. The textile sector notably relies on ammonia, employing liquid ammonia extensively in tanning processes and dye synthesis for fabric coloring. Moreover, it plays a pivotal role in manufacturing synthetic fabrics, with ammonia solution enabling a wide range of colors in fabric dyeing procedures.
The Middle East and Africa (MEA) region holds substantial promise for the ammonia market, propelled by various key factors. Firstly, the region boasts vast agricultural resources, with countries like Egypt, Morocco, and South Africa exhibiting significant demand for fertilizers. Ammonia plays a crucial role in enhancing crop production in these areas. Secondly, the MEA region is endowed with abundant natural gas reserves, serving as a primary feedstock for ammonia production. This availability offers a cost advantage, contributing to the competitiveness of ammonia production in the region. Additionally, the strategic geographical location of MEA, situated at the crossroads of Europe and Asia, facilitates efficient exportation of ammonia to major markets. This geographical advantage enhances the region's position in the global ammonia trade. Furthermore, as economies in the MEA region continue to grow, there is a corresponding increase in demand for industrial applications of ammonia, such as refrigeration and fertilizers driving further market expansion. Overall, with its rich agricultural resources, ample natural gas reserves, strategic location, and growing economies, the MEA region presents a promising landscape for the flourishing of the ammonia market. Thus, Middle East & Africa Ammonia market is likely to reach roughly 38.5 million tonnes in 2034.
Based on the end-user industry, the Middle East & Africa Ammonia market is segmented into Agriculture & Fertilizers, Textiles & Pharmaceutical, Explosives, Refrigeration, and Others. The largest market share is held by the Agriculture & Fertilizers industry with a share of about 51% in the year 2023.
Major players in the Middle East & Africa Ammonia market are Ma'aden Phosphate Co (MPC), Saudi Arabian Fertilizer Company (SAFCO), Qatar Fertilizer Co (QAFCO), Parsian Oil and Gas Development Group Co., Razi Petrochemicals Co., Lavan Petrochemical Co. (Petrofarhang Holding Company), Hormoz Petrochemical Co (Petrofarhang Holding Company), Arg Shimi Parsa Co (National Petrochemical Company), Lordegan Urea Fertilizer Company (LUFC) (National Petrochemical Company), Golestan Petrochemical Co (National Petrochemical Company), and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Ammonia which covers production, demand and supply of Ammonia market in Middle East & Africa.
• To analyse and forecast the market size of Middle East & Africa Ammonia
• To classify and forecast Middle East & Africa Ammonia market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ammonia market in Middle East & Africa.
To extract data for Middle East & Africa Ammonia market, primary research surveys were conducted with Ammonia manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Middle East & Africa Ammonia market over the coming years.
ChemAnalyst calculated Ammonia demand across the Middle East & Africa region by analysing the volume of Ammonia consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ammonia manufacturers and other stakeholders
• Organizations, forums and alliances related to Ammonia distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ammonia manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Middle East & Africa Ammonia market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
20.9 million tonnes
Market size Volume by 2034
38.5 million tonnes
Growth Rate
CAGR of 5.68% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in million tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Country, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Agriculture & Fertilizers, Textiles & Pharmaceutical, Explosives, Refrigeration, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Egypt, South Africa, Saudi Arabia, Iran, Oman and Rest of MEA
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the size of Middle East & Africa Ammonia market in terms of volume in 2023?
Ans:
The size of Middle East & Africa Ammonia market has grown significantly in the historic period and reached approximately 20.9 million tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Middle East & Africa Ammonia market?
Ans:
Agriculture & Fertilizers industry is the leading consumer of Middle East & Africa Ammonia market.
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