Ammonia Market Overview to 2022
Globally, the market for ammonia is growing at a CAGR of 4.2% during forecasted period (2018-2022). Ammonia is a nutrient that contains nitrogen and hydrogen. Its chemical formula is NH3 in the un-ionized state and NH4+ in the ionized form. Total ammonia is the sum of both NH3 and NH4+. Ammonia is colorless alkaline gas with sharp smell, pungent odor these are used in various industries namely, fertilizers, pharmaceuticals, refrigerants, household, food and others.
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Key Players:
The key players in market includes BASF, Potashcorp, Yara International, CF Industries, Group DF, Togliatti, OCI Nitrogen, Agrium, Sabic, Koch Fertilizer and others. The market is anticipated to grow at faster pace due to fertilize industry, rise in population and increase in disposable income in various developing country such as India, Brazil, and Indonesia are increasing their demand for agriculture products for better lifestyle are driving the market. In-addition, trend shift in dietary consumption in many developed regions are one of the factors that are driving the market. However rise in price of natural gas price might hinder the market growth of the market. The ammonia worldwide is most extreme requested in APAC nations, because of land fragmentation, people/ farmers are left with little land property. The needs to get greatest yield from the accessible area assets has produced and will promote create the need of ammonia utlilization in farms. Followed by this, North America and European region holds the second and third position in terms of value and volume.
Segment Analysis:
Ammonia market is segmented into by form and by application: by form the market is segmented into liquid and powder and by application the market is segmented into fertilizers, pharmaceuticals, refrigerants, household, food and others. In application the fertilizing sector is growing at faster pace and is anticipated to peg in million bench mark by 2022. The fertilizing industry is booming due to increase in population and increase in quality food intake throughout the world is adding the market. The second largest market for ammonia is pharmaceuticals sector in 2016. The sector is expanding due to, ammonia is used in various pharmaceuticals sectors namely from insulin’s to manufacturing drugs which inhibit the growth and multiplications of certain types of bacteria and many others.
Regional Analysis:
Asia Pacific is one of the fastest growing market due to fertilizers and pharmaceuticals industries. Asia-Pacific region covers of more than 60% to 65% of the world’s population and is anticipated to increase in coming years, due to which the country would be facing issues of food in-sufficiency in the coming time. This would directly resulted in increasing and generating the need of food production. Use of ammonia in agriculture sector has proven to be an effective way to increase food productivity. The ammonia worldwide is most extreme requested in APAC nations, because of land fragmentation, people/ farmers are left with little land property. The needs to get greatest yield from the accessible area assets has produced and will promote create the need of ammonia utlilization in farms. Followed by this, North America and European region holds the second and third position in terms of value and volume.
Study Objectives of Ammonia Market:
- To study detail of Ammonia market by form, by application and by region in forecasted period 2022.
- To identify the market dynamics of ammonia market dynamics by drivers, restrains, opportunities and challenges.
- To analyze various factors like value chain analysis and porters five forces model.
- To provide historical and forecast revenue of market segment with respect to North America, Europe, APAC and RoW.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track mergers and acquisitions, strategic alliances, new product development of specified company.
Intended Audience:
- Manufacturers and distributors of ammonia.
- Suppliers and traders of ammonia.
- Government, associations and industrial bodies.
- Investors and Trade experts.
- Consulting in chemical experts.
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Ammonia market is segmented into by form and by application: by form the market is segmented into liquid and powder and by application the market is segmented into fertilizers, pharmaceuticals, refrigerants, household, food and others. In application the fertilizing sector is growing at faster pace and is anticipated to peg in million bench mark by 2022. The fertilizing industry is booming due to increase in population and increase in quality food intake throughout the world is adding the market. The second largest market for ammonia is pharmaceuticals sector in 2016. The sector is expanding due to, ammonia is used in various pharmaceuticals sectors namely from insulin’s to manufacturing drugs which inhibit the growth and multiplications of certain types of bacteria and many others.
Asia Pacific is one of the fastest growing market due to fertilizers and pharmaceuticals industries. Asia-Pacific region covers of more than 60% to 65% of the world’s population and is anticipated to increase in coming years, due to which the country would be facing issues of food in-sufficiency in the coming time. This would directly resulted in increasing and generating the need of food production. Use of ammonia in agriculture sector has proven to be an effective way to increase food productivity.
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