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.
To request a sample copy or view summary of
this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/ammonia-market
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
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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
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.
