Ammonia Market Price Trend, Business Outlook, Size Estimation, Latest Research Report, Growth Opportunity and Regional Share 2025
Aug 6, 2019
Global Ammonia Market: Information by Form (Liquid, Gas, Powder), Application (Fertilizer, Chemicals, Refrigeration, Fibers and Plastics, Pharmaceutical, Pulp and Paper and Others) and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), Region - Forecast till 2025
Pune, India - August 6, 2019 /MarketersMedia/ —
Market Highlights:
The Global Ammonia Market is projected to be valued at USD 70.75 Billion, registering a CAGR of 5.85% during the forecast period. The demand for Ammonia is mainly driven by the growth of the fertilizers industry. Most of the Ammonia produced is consumed by the fertilizer industry. Some of the commonly produced fertilizers through Ammonia are urea, ammonium nitrate, ammonium sulfate, ammonium phosphate, diammonium phosphate, monoammonium phosphate, nitric acid, sodium bicarbonate, and sodium carbonate. According to the United Nations, the world’s population is likely to exceed 8.6 billion by 2030. Thus, the increasing demand for food coupled with the growing consumption of protein-rich diets, fruits, and vegetables is expected to boost the demand for fertilizers in the agricultural industry.
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However, with the increasing use of ammonia-based fertilizers mainly urea in the agricultural industry the ammonia emissions have increased, which have an adverse impact on the environment. There are some authorities where the use of ammonia-based fertilizers is reported such as the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), and Emergency Planning and Community Right-To-Know (EPCRA), but there are no authorities to regulate the ammonia emissions. The rising ammonia emissions have increased the need for setting up of regulations against agriculture emissions under the Clean Air Act (CAA). But as fertilizers are not the only source of agricultural emissions, it becomes difficult to regulate agriculture emissions.
Key Findings of the Study:
Global Ammonia Market is projected to reach over 230 million tons by the end of 2025
Asia-Pacific accounted for the largest market share due to the robust growth of the agricultural and fertilizer industries in China, India, and Indonesia.
The liquid form of Ammonia dominated the market in 2018, yet the gaseous form is projected to grow at the highest CAGR during the forecast period of 2019–2025.
The fertilizer segment was the largest and projected to be the fastest-growing segment owing to the vast use of the product in manufacturing the nitrogen-based fertilizers.
Market Players:
MRFR recognizes the following companies as the Key Players in the Global Ammonia Market— Yara, Uralchem JSC, Group DF, OCI NV, EuroChem Group AG, Qatar Fertiliser Company, SABIC, Acron Group, Nutrien Ltd, Orica Limited, CF Industries Holdings, Inc, AB "Achema, Togliattyazot, IFFCO and Koch Fertilizer, LLC, among others.
Segment Analysis:
The Global Ammonia Market has been segmented on the basis of Product Form, Application and Region.
Based on Form, the market has been classified into liquid, gas, and powder. Among these, the liquid ammonia segment accounted for the largest market share of 43.14%. This primarily due to the high demand for liquid Ammonia in major applications such as fertilizers, refrigerants, and chemicals. However, the gas segment is projected to exhibit the highest CAGR of 6.15% to reach USD 25,574.6 Million by the end of 2025.
By Application, the global market has been categorized into fertilizers, chemicals, refrigeration, fibers and plastics, pharmaceuticals, pulp and paper and others. In 2018, the fertilizers segment dominated the global market and is projected to register the highest CAGR of 6.23% during the forecast period. This is mainly attributed to the growth of the fertilizer industry and the growing consumption of protein-rich diets, fruits, and vegetables globally.
Regional Analysis:
The Global Ammonia Market is studied with respect to five key regions, namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. According to MRFR analysis, Asia-Pacific dominated the global market, accounting for the largest share in 2018 and is projected to register a CAGR of 6.25% during the forecast period. The market in Europe was the second largest and is estimated to be valued at USD 8,085.7 million in 2018.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Source: MarketersMedia
Release ID: 88904427
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