Canada Ammonia Market Size Insights Forecasts to 2033

• The Market Size is Growing at a 6.4% CAGR of 2023 to 2033.
• The Canada Ammonia Market Size is Expected to Hold a Significant Share by 2033.

The Canada Ammonia Market Size is expected to hold a significant share by 2033, at a 6.4% CAGR over the forecast period 2023 to 2033.

Market Overview

Ammonia is a gas, and it is a producer of one nitrogen and three hydrogen atoms. It is highly soluble in water, colorless, and has a pungent odor. Ammonia is used as fertilizer, chemicals, pharmaceuticals, plastic industries, fiber and paper mining, etc. In recent years, there has been a growing emphasis on the sustainability of the environment and the reduction of gas emissions. Ammonia is used for zero-emission power generation and transportation. In the automotive industry, it can be used as fuel cell technology since it can be converted into hydrogen for fuel cell technology. In addition, with increasing pollution, governments are making strict laws related to environmental regulations worldwide. Governments are encouraging industries to accept cleaner technologies and reduce harmful gas emissions. This motivates manufacturers to produce new technologies for selective catalytic reduction (SCR) systems such as power plants and vehicles, which drive the ammonia market demand in Canada. Canada took its position as a major player in the global ammonia market since Canada has a vast reserve of natural gas. Advanced ammonia production facilities have enabled Canada to become a competitive provider.

Report Coverage

This research report categorizes the market for Canada ammonia market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada ammonia market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Canada ammonia market.

Driving Factors

The demand for fertilizers has risen in Canada. Since ammonia is used in fertilizers, Fertilizers are very important in agriculture because farmers can maximize crop yields to feed a growing population. In several fertilizers, ammonia is mainly used, such as urea, nitric acid, and ammonium nitrate. This can compel farmers in Canada to use fertilizers more efficiently to increase crop production. In addition, the rising use of refrigerants plays in many industries such as food, commercial sectors and industrial. The demand for cooling is increasing, and ammonia used in refrigeration such factors is fueling the market growth for ammonia in the forecast period.

Restraining Factors

Low amounts of ammonia in liquids or air can cause acute eye or skin irritation. Higher amounts may result in severe burns and injuries. Any interaction with concentrated solutions, such as industrial cleaners, can result in corrosive injuries such as skin burns and irreversible eye damage or blindness. Aside from these effects, swallowing liquids containing high concentrations causes corrosive harm to the stomach, throat, and mouth.

Market Segment

• In 2023, the liquid segment accounted for the largest revenue share over the forecast period.

Based on the form, the Canada ammonia market is segmented into liquid, powder, and gas. Among these, the liquid segment has the largest revenue share over the forecast period. The liquid form of ammonia has a higher density than the gas and powder forms of ammonia. The liquid form of ammonia is a demand in various industries, including agriculture and industrial processes, to ensure accurate dosing and precise application. Furthermore, it facilitates long-distance transportation. The liquid form can easily mix with other substances during the process of production, significantly supporting the demand in Canada.

• In 2023, the fertilizers segment accounted for the largest revenue share over the forecast period.

On the basis of application, the Canada ammonia market is segmented into fertilizers, chemicals, pharmaceuticals, electronics, refrigeration, household, food, and others. Among these, the fertilizer segment has the largest revenue share over the forecast period. The increasing demand for food necessitates more efficient and productive agriculture practices. In addition, the continued advancement in precision farming is promoting ammonia-based products to improve crops and sustainable farming practices. Thus, factors are fueling market growth in the forecast period.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada ammonia market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Canpotex Limited
• CF Industries Holdings, Inc.
• Dyno Nobel
• Koch Fertilizer, LLC.
• Nutrien Ltd.
• OCI Partners LP
• Terra Nitrogen Company, L.P.
• Yara International ASA
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Canada Ammonia Market based on the below-mentioned segments:

Canada Ammonia Market, By Form

• Liquid
• Powder
• Gas

Canada Ammonia Market, By Application

• Fertilizers
• Chemicals
• Pharmaceuticals
• Electronics
• Refrigeration
• Household
• Food
• Others