GITNUX MARKETDATA REPORT 2024

The Most Surprising Ammonia Industry Statistics in 2024

Statistic 1

"The production of ammonia in the United States amounted to approximately 14.9 million metric tons in 2020."

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Statistic 2

"Ammonia is a key ingredient in the production of nitrogen fertilizers."

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Statistic 3

"The global ammonia market was valued at USD 68.42 billion in 2020."

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Statistic 4

"Blue ammonia, which is produced by capturing and storing the CO2 emissions, is also being developed as a lower-carbon alternative."

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Statistic 5

"The Haber-Bosch process, which was developed in the early 20th century, is the most widely used method for ammonia production."

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Statistic 6

"Ammonia can store energy and can be used as a fuel, offering a potential alternative in the energy transition."

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Statistic 7

"Denmark has plans in place to become a significant producer of green ammonia using wind energy."

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Statistic 8

"Ammonia leakage and spills can pose significant environmental risks, particularly to water bodies."

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Statistic 9

"The ammonia industry requires approximately 1.8 metric tons of CO2 per metric ton of ammonia produced."

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Statistic 10

"The total global ammonia production in 2020 was around 235 million metric tons."

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Statistic 11

"The ammonia global market size is projected to grow at a CAGR of 5.7% from 2021 to 2028."

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Statistic 12

"In 2018, ammonia was the second most produced chemical in the United States by volume."

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Statistic 13

"Ammonia production involves significant energy consumption, typically around 7-10% of global natural gas production."

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Statistic 14

"The cost of producing green ammonia is currently higher than traditional ammonia, but it's expected to become competitive as renewable energy costs decrease."

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Statistic 15

"Ammonia production is responsible for approximately 1.8% of global CO2 emissions."

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Statistic 16

"Around 80% of the ammonia produced globally is used in agriculture."

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Statistic 17

"In 2019, Europe's ammonia production capacity accounted for approximately 14.5 million metric tons annually."

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Statistic 18

"India's ammonia production was around 16.5 million metric tons in 2020."

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Statistic 19

"China is the world's largest producer of ammonia, accounting for around 30% of global production."

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Statistic 20

"Green ammonia, produced using renewable energy, could reduce CO2 emissions significantly when compared to traditional methods."

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