Seattle, WA -- (SBWIRE) -- 12/03/2019 -- Ammonia, a colourless and nonflammable gas with a characteristic pungent smell, is a compound of nitrogen and hydrogen with the formula NH3. Ammonia is shipped as a liquified gas under its own vapor pressure of 114 psig. Most extensive use is in soil fertilization. This application is used in the form of salts, nitrates and urea.
Major Players in the Global Ammonia Market
Some of the key players operating in the global ammonia market include Yara International ASA, BASF SE, CF Industries Holdings, Inc., Nutrien Ltd., Potash Corporation of Saskatchewan Inc., Dangyang Huaqiang Chemical Co., Ltd., Shanxi Jinfeng Coal Chemical Co Ltd., GTS Chemical Holdings plc.,Togliattiazot, OCI Nitrogen B.V., Agrium Inc., Sabic, and Koch Fertilizer, LLC among others.
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Increasing demand for fertilizers in the agriculture sector is the major driving factor for the growth of global ammonia market across owing to increasing production capacity of ammonia across the globe this factor driving the market. For instance, according to the International Fertilizer Industry Association (IFA), ammonium production on the basis of region North America and South Asia accounted for 70% of overall capacity growth in forecast period (2017-2021).
However, ammonia is irritating and corrosive. Thus, exposure to high concentrations of ammonia in air causes burning of nose, throat, and respiratory tract, which is one of the major factors restraining the ammonia market growth.
The market estimation process is conducted with the data obtained from secondary and primary research. This includes market top-down, bottom-up approach, and market breakdown. Different statically analyses are carried our such as future market size, computation of CAGR, and market distribution. Different macroeconomic factors are considered during these computations namely gross national product (GNP), unemployment rates, and consumer price index. Each data is validated through the process of data triangulation method for the final market estimation.
This marks the penultimate stage of the research process that includes a complete report for the Ammonia market. The document includes an exhaustive market report with representation geographical trends with a comprehensive presentation. This market report can assist marketers to make strategic decisions.
The Ammonia Market report offers you perceptive data of the market and highlights its commercial landscape
It evaluates production processes, major bottlenecks, and solutions to reduce risks associated with R&D
The Ammonia Market report highlights pivotal factors that propel and hinder the market growth
It focuses on major growth strategies adopted by leading market players
The Ammonia Market report accurately projects the global market value and regional share during the forecast period
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