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Global Ammonia Capacity to Reach Almost 250 Million Tons Per Year by 2018, Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Ammonia Outlook - Production Capacity set to Continue Strong Growth Led by United States and Iran” research report to their website http://www.MarketResearchReports.com

 

Lewes, DE -- (SBWIRE) -- 02/16/2015 -- Global ammonia capacity will increase from 204.2 million tons per year (mmty) in 2013 to 249.4 mmty by 2018, driven primarily by capacity additions in China, Iran, Nigeria and the US, according to research and consulting firm Publisher.

The company's latest report states that Asia-Pacific (APAC) will remain the largest region in terms of both ammonia capacity and demand, accounting for almost half the world's capacity with 120.7 mmty by 2018.

China's significant influence on APAC's ammonia supply is apparent from the country's capacity of 70.6 mmty in 2013, accounting for almost two thirds of the region's total capacity, according to Publisher.

The major end-use sectors of ammonia, such as urea and other nitrogenous fertilizers, have promising growth in the region. With huge feedstock reserves and strong demand, China has a favorable landscape as opposed to countries that have either demand or capacity, but not both.

While coal is less cost effective than natural gas, its availability makes it the preferred choice for Chinese manufacturers.

Publisher's report also states that the Middle East and Africa will continue its impressive growth of the past decade, which saw Egypt, Iran, Qatar and Saudi Arabia increasing their ammonia capacities using natural gas.

The Middle East and Africa's ammonia capacity will rise from 27.8 mmty in 2013 to 44.1 mmty by 2018, led by Iran and Nigeria, with planned additions of 5.8 and 4.6 mmty, respectively. Most of the region's capacity will target export markets in Asia, such as China and India.

Additionally, Publisher observes that North America's ammonia industry will receive a small boost, having suffered in the past due to high natural gas prices and declining demand from the major end-use sectors.

However, shale gas is now impacting the industry, with North American capacity expansion to be completely driven by the US, from 20.1 mmty in 2013 to 26.8 mmty by 2020.

*Global Ammonia Outlook - Production Capacity Set to Continue Strong Growth Led by United States and Iran report provides annualized historic and forecast global ammonia capacity by region from 2013 to 2020, including information on ammonia market size, demand and production volumes by region, capacity share of the world's major producers and details on planned plants.

This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by Publisher's team of industry experts.

For further information on this report, please visit- http://www.marketresearchreports.com/globaldata/global-ammonia-outlook-production-capacity-set-continue-strong-growth-led-united-states

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