IMARC Group has recently released a new research study titled "Mexico Ammonia Market Size, Share, Trends and Forecast by Physical Form, Application, End Use Industry, and Region, 2026-2034", offering a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Mexico Ammonia Market Size & Share 2026-2034

The Mexico ammonia market size reached USD 1,304.3 Million in 2025 and is projected to reach USD 1,879.4 Million by 2034, expanding at a CAGR of 4.02% during 2026-2034. In 2026, the market continues to gain momentum, shaped by rising fertilizer demand, clean energy goals, and large-scale investments in green ammonia production.

Growth in 2026 is further reinforced by solar-powered and hydrogen-based projects and government-backed industrial upgrades that are driving a shift toward low-emission, domestically produced ammonia for agriculture and exports. These dynamics are expected to strengthen the Mexico ammonia market share throughout the forecast period.

Key Market Statistics at a Glance

• Base Year: 2025
• Historical Years: 2020-2025
• Forecast Period: 2026-2034
• Market Size (2025): USD 1,304.3 Million
• Projected Market Size (2034): USD 1,879.4 Million
• Growth Rate: CAGR of 4.02% (2026-2034)

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Key Growth Drivers and Trends in the Mexico Ammonia Market

Growth in the Mexico ammonia market is being driven primarily by rising fertilizer demand and the push toward fertilizer self-reliance, supported by domestic policy and international demand aligned with sustainability goals. Rising agricultural demand, export opportunities, and the need to replace conventional ammonia sourced from fossil fuels are encouraging investment in domestic production, while government-backed industrial upgrades are helping expand supply and reduce import reliance.

One of the leading Mexico ammonia market trends is the rise in renewable ammonia projects. Mexico is steadily emerging as a hub for renewable ammonia production, leveraging its vast solar potential for solar and hydrogen-based output. In July 2024, Aslan Energy Capital acquired 35,000 hectares of land in Sonora to build a solar-powered ammonia plant, with production expected to reach 600,000 tons annually by 2028 and a second phase planned by 2030 to double capacity. Surplus output can be shipped to the U.S. through established railway links.

Another key factor supporting Mexico ammonia market growth is industrial demand that is fueling green expansion beyond agriculture. Green ammonia, produced through renewable hydrogen and electrolysis, is being prioritized for its low-emissions profile and its relevance to industrial inputs and clean marine fuels. In December 2024, Helax, backed by Copenhagen Infrastructure Partners, announced a USD 10 Billion investment in a green hydrogen and ammonia plant in Ciudad Ixtepec in the Isthmus of Tehuantepec, scheduled to start operations by 2028 to supply industrial users and the marine fuel sector.

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Mexico Ammonia Industry Segmentation Insights

Breakup by Physical Form:

• Liquid: Ammonia in liquid form, commonly used in fertilizer production and industrial applications.
• Powder: Ammonia-based products in powder form used in specialized applications.
• Gas: Ammonia in gaseous form used in industrial processes and chemical manufacturing.

Breakup by Application:

• MAP and DAP: Phosphate-based fertilizers, monoammonium phosphate and diammonium phosphate, produced using ammonia.
• Urea: A widely used nitrogen fertilizer produced from ammonia.
• Nitric Acid: An industrial chemical derived from ammonia, used in fertilizers and other chemical products.
• Ammonium Sulfate: A nitrogen and sulfur fertilizer produced using ammonia.
• Ammonium Nitrate: A nitrogen fertilizer and industrial chemical produced from ammonia.
• Others: Includes other applications not captured above.

Breakup by End Use Industry:

• Agrochemical: Fertilizer and crop nutrition products supporting agricultural production.
• Industrial Chemical: Chemical manufacturing that uses ammonia as a key input.
• Mining: Mining operations that use ammonia-based products in processing.
• Pharmaceutical: Pharmaceutical manufacturing that uses ammonia in production processes.
• Textiles: Textile processing that uses ammonia-based inputs.
• Others: Includes other end-use industries not captured above.

Breakup by Region:

• Northern Mexico: A region with strong industrial activity and rail links to the U.S. market.
• Central Mexico: A region with diverse industrial and agricultural demand.
• Southern Mexico: A region that includes the Isthmus of Tehuantepec, a focus for green ammonia development.
• Others: Includes the remaining regions of Mexico.

Key Challenges and Growth Opportunities in the Mexico Ammonia Market

The Mexico ammonia market must manage the transition away from conventional, fossil-fuel-based ammonia toward low-emission production, which requires large-scale investment in renewable energy, electrolysis, and supporting infrastructure. Producers also need to reduce reliance on imports and ensure reliable domestic supply to meet fertilizer demand.

The market offers considerable growth opportunities driven by Mexico’s solar potential, large-scale green ammonia and hydrogen projects, and government-backed industrial upgrades. Rising demand from agriculture, industry, and the marine fuel sector, along with export potential to the U.S. and logistics advantages such as the Interoceanic Corridor, is also expected to support long-term growth.

Competitive Landscape

The IMARC report provides a comprehensive analysis of the competitive landscape of the Mexico Ammonia Market, covering market structure, key player positioning, top winning strategies, a competitive dashboard, and a company evaluation quadrant. Detailed profiles of all major companies are also included.

Recent Developments in the Mexico Ammonia Market

• January 2025: Mexico announced plans for PEMEX to meet 80% of national fertilizer demand by upgrading four ammonia plants at Cosoleacaque, boosting domestic ammonia production, cutting import reliance, and supporting small-scale farmers under the Fertilizers for Well-Being program.
• December 2024: Helax, backed by Copenhagen Infrastructure Partners, announced a USD 10 Billion green ammonia and hydrogen plant in Ciudad Ixtepec, set to begin operations by 2028 and to support marine fuel and industrial applications.
• July 2024: Aslan Energy Capital acquired 35,000 hectares of land in Sonora to build a solar-powered ammonia plant, with production expected to reach 600,000 tons annually by 2028.

Author IMARC Group

IMARC Group is a leading global market research company providing data-driven insights and expert consulting services to businesses seeking to achieve their strategic objectives. With a multidisciplinary team of industry experts, IMARC delivers reliable market intelligence across sectors including Chemicals and Materials, Healthcare, Technology, Agriculture, and Retail.

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