Estimated global ammonia demand 2021-2050
The global ammonia demand was estimated at around 69 billion U.S. dollars in 2021. Over the following decades, this figure is expected to grow, reaching some 224 billion U.S. dollars by 2050. This would represent more than a threefold increase in comparison to 2021 levels. Furthermore, the largest share of the ammonia demand is estimated to be used for agriculture and industrial applications.
