San Francisco, 29 January, Ammonia Market
Analysis By Product Form (Liquid, Gas, Powder), By Application (Fertilizers,
Textile, Pharmaceuticals, Refrigerants), By Region, And Segment Forecasts, 2018
– 2025.
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.
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Report On Ammonia Market Analysis:
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
Browse More Reports Of This Category By
Grand View Research At: 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
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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