Data Bridge Market Research analyses that the ammonia market will witness a CAGR of 4.50% for the forecast period of 2021-2028. Rising consumption of protein rich diets and growth and expansion of the fertilizers industry are the two major factors attributable to the growth of ammonia market.
Also known as azane, ammonia is a compound of hydrogen and nitrogen. Ammonia has a pungent smell and is colourless in nature. Ammonia acts as a supplement in many food items and fertilizers. Ammonia is soluble in water and is used in a wide range of applications such as agriculture, textile, mining process, refrigeration, industrial chemicals, agrochemical, explosives, fertilizers, fibres and plastics, pharmaceutical drugs, pulp and paper and others. Apart from these, ammonia is used in various household applications as well since these easily evaporate. Anhydrous ammonia and aqueous ammonia are the two general types of ammonia. However, exposure to the high concentrations of ammonia in the air can be harmful. It can lead to the burning of eyes, nose, throat and respiratory tract. It can also lead to various lung problems and blindness.
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Rising focus on the consumption of energy will directly and positively impact the demand for ammonia. Upsurge in the use of ammonia in fertilizers and agricultural products coupled with the overall growth and expansion of fertilizers industry is one of the major factors fostering the market growth. Rising need and demand for ammonia in refrigeration will further create remunerative opportunities for the market. Rising personal disposable income is another indirect market growth determinant.
However, hazardous effects of ammonia over the human health and rising awareness about its harmful effects will pose a major challenge to the market growth. Stringent rules and regulates associated with the application of ammonia will further create hindrances for the growth of the market. Fluctuations in the prices of natural gas will further derail the market growth rate.
This ammonia market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on ammonia market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Ammonia Market Scope and Market Size
The ammonia market is segmented on the basis of form, product type, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of form, the ammonia market is segmented into liquid, gas, powder and others.
On the basis of product type, the ammonia market is segmented into anhydrous ammonia and aqueous ammonia.
On the basis of application, the ammonia market is segmented into mono-ammonium phosphate, di-ammonium phosphate, urea, nitric acid, ammonium sulphate, ammonium nitrate and others.
On the basis of end- user, the ammonia market is segmented into agriculture, textile, mining, refrigeration, industrial chemicals, agrochemical, explosives, fertilizers, fibres and plastics, pharmaceutical, pulp and paper and others.
Global Ammonia Market Country Level Analysis
The ammonia market is analysed and market size, volume information is provided by country, form, product type, application and end- user as referenced above.
The countries covered in the ammonia market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Asia-Pacific dominates the ammonia market in terms of market share and market revenue. The region is set to continue flourishing its dominance during the forecast period. This is because of the overall growth of fertilizers industry and agricultural industry especially in the developing economies. Growth and expansion of textile and apparel industry is also fostering market growth in this region. India, China and Indonesia are the major contributors from this region.
The country section of the ammonia market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ammonia Market Share Analysis
The ammonia market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ammonia market.
The major players covered in the ammonia market report are BASF SE, Evonik Industries AG, Syngenta Crop Protection AG, Akzo Nobel N.V, Solvay, Asahi Kasei Corporation., Clariant, CF Industries Holdings, Inc., Yara, OCI N.V., Nutrien Ltd., OSTCHEM, Koch Fertilizer, LLC., EuroChem Group, SABIC, Orica Limited., URALCHEM JSC, AB "Achema", IFFCO, Qatar Fertiliser Company and MITSUBISHI GAS CHEMICAL COMPANY, INC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Ammonia Market, By Form (Liquid, Gas, Powder and Others), Product Type (Anhydrous Ammonia and Aqueous Ammonia), Application (Mono-ammonium Phosphate, Di-ammonium Phosphate, Urea, Nitric Acid, Ammonium Sulphate, Ammonium Nitrate and Others), End-User (Agriculture, Textile, Mining, Refrigeration, Industrial Chemicals, Agrochemical, Explosives, Fertilizers, Fibres and Plastics, Pharmaceutical, Pulp and Paper and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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