The ammonia market size is projected to grow from USD 79.47 billion in 2024 to reach USD 91.95 billion by 2029, with a CAGR of 3.0%. This growth is driven by the increasing demand for ammonia in agriculture as a key ingredient in fertilizer to boost crop yields. Governments worldwide are investing in greener energy solutions, leading to stricter environmental regulations. Key players in the market include CF Industries Holdings, Inc., Yara International ASA, OCI Global, BASF SE, and Nutrien. The main drivers for the market include rising agricultural demand, while fluctuations in pricing present a challenge. Anhydrous ammonia and the textile industry are key players in the market. Europe accounts for a significant portion of the ammonia market.