The global ammonia market is
anticipated to reach USD 76.64 billion by 2025, according to a new report by
Grand View Research, Inc. Fertilizer is the major application of the product as
well as an important source of nitrogen in the agricultural industry, which is
expected to benefit the market over the forecast period.
Liquid ammonia segment dominated the market
in 2016. It is majorly used in fertilizer and industrial & household
cleaning applications. Ammonia is a colorless and pungent alkaline gas composed
of hydrogen and nitrogen. It is an essential gas, which is used in various
biological processes and industrial applications. It causes irritation to the
eyes, skin, nose, lungs, and throat. Globally governments have established
various safety-related regulations associated with the production, usage, and
transportation of the product. The regulations also provide some directives for
the equipment and methods used during the production process and handling of
ammonia.
Globally, the gap between supply &
demand of the product is gradually becoming surplus, hence resulting in
continuous price fluctuations. This gap is mainly due to continuous capacity
additions, especially in Southeast Asia (China and Indonesia), Middle East,
Central & South America, and the U.S. The continuous increase in capacity
additions and weakening of the demand owing to lower crop prices, poor economic
prospects, fluctuating energy prices, and rising competition are anticipated to
be the major challenges for the industry over the forecast period.
Full research report on ammonia market analysis: http://www.grandviewresearch.com/industry-analysis/ammonia-market
Further key findings from the report suggest:
·
The global ammonia market was valued at USD
48.65 billion in 2016. The industry is anticipated to reach USD 76.64 billion
by 2025, ascending at a CAGR of 5.3% from 2017 to 2025.
·
Fertilizer application segment dominated
with over 40% of the overall share in terms of revenue
·
Rising demand for nitrogen fertilizer owing
to its advantages for application in the agricultural sector is anticipated to
boost the ammonia market over the coming years
·
Some of the other major application
industries of the product include household & industrial cleaning, food
& beverage, metallurgical processes, water and wastewater treatment,
rubber, pulp & paper, and leather
·
Asia Pacific dominated the industry in 2016
and is projected to be the fastest-growing region over the forecast period
·
The industry is highly competitive in
nature with the presence of various global players
·
Some of the key market players are Yara
International; BASF SE; CF Industries Holdings; Inc.; PotashCorp; Huaqiang
Chemical Group; Shanxi Jinfeng Coal Chemical; Rashtriya Chemicals &
Fertilizers Ltd.; China Petroleum & Chemical Corporation; and China
National Petroleum Corporation
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has segmented the
global ammonia market on the basis of product form, application, and region:
Product Form Outlook (Volume, Kilotons; Revenue, USD
Million; 2014 - 2025)
·
Liquid
·
Gas
·
Powder
Application Outlook (Volume, Kilotons; Revenue, USD
Million; 2014 - 2025)
·
Fertilizers
·
Refrigerants
·
Pharmaceuticals
·
Textile
·
Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million;
2014 - 2025)
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o UK
o Germany
o Russia
·
Asia Pacific
o China
o India
·
Central & South America
·
Middle East & Africa
o Saudi Arabia
Access press release
by Grand View Research: https://www.grandviewresearch.com/press-release/global-ammonia-market
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
http://www.grandviewresearch.com
