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Middle East Ammonia market share is fragmented owing to the presence of large number of regional manufacturers along with considerable presence of multinational players. Some of the key players in the market include
The key players in the market are mainly focusing on new product launches, acquisitions, and expansion in developing and developed economies to capture a good market share.
In September 2021, Enova provided Yara International ASA around USD 30 Million for the initiative of producing green ammonia. With this Yara officially takes the first step toward full decarbonization of the ammonia plant at Herøya in Porsgrunn.
In February 2022, Ma’aden that has completed the construction and pre-commissioning activities of the third ammonia plant, part of the phosphate 3 projects to enhance its market share.