Global Ammonia Market Research Report by Forecast to 2022
Pune, Maharashtra -- (SBWIRE) -- 05/18/2017 -- Market Highlights:
Globally, the market for ammonia is growing at a CAGR of 4.2% during forecasted period (2016-2022). 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.
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.
Globally, the market share of production of Ammonia Market are distributed as follows. In China produced 28.4% of the worldwide production followed by India with 8.6%, Russia with 8.4%, and the United States with 8.2%.About 80% or more of the ammonia produced is used for fertilizing agricultural crops.
Major Key Players:
- Yara International
- CF Industries
- Group DF
- OCI Nitrogen
- Koch Fertilize
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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.
Asia-Pacific and Eastern Europe created huge global demand for ammonia. APAC is one of the growing region due to its economies, cheap labor cost in APAC and economical material used for production process. Moreover, Asia Pacific is projected to be the fastest growing market mainly due to fertilizers, pharmaceuticals, refrigerants, household, food and others applications. While, Middle East & Africa regions are at the emerging stage in the ammonia market.
Geographically, North-America is expected to be the largest market for ammonia accounting more than one third of the total market.
- 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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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
List of Tables
Table 1 World Population by Major Regions (2015 To 2030) (Million)
Table 2 Global Ammonia Market: By Region, 2014-2022 (USD Million)
List of Figures
Figure 1 Global Ammonia Market Segmentation
Figure 2 Forecast Methodology
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