Ammonia Market 2021 Key Players Insights, Growth Challenges and Forecast to 2027

 

Market Highlights

Global Ammonia Market is projected to be valued at USD 68,354.5 Million by 2028 registering a CAGR of 4.02% during the forecast period.

Growing demand for ammonia for fertilizer production is a key driver of the global ammonia market. Urea, ammonium nitrate, ammonium sulfate, ammonium phosphate, diammonium phosphate, monoammonium phosphate, and others are some of the fertilizers produced using ammonia.

Another major driver of the ammonia market is its use in mining and refrigeration systems.

 

Segment Analysis

Global Ammonia Market has been segmented on the basis of Form, Sales Channel, Application and Region.

Based on form, the global ammonia market has been segmented into liquid, powder, and gas. The liquid form segment was valued at USD 19,821.3 million in 2018. The gas form segment emerged as the fastest-growing segment with a CAGR of 4.34% during the review period. The growth of the gas form segment is because it is the purest form and does not contain any water molecules.

On the basis of application, the market is classified into fertilizers, chemicals, refrigeration, fibers and plastics, pharmaceutical, pulp and paper, and others. Among these, the fertilizers application segment accounted for more than 60% of the market share in 2018. The rising demand for food on the backdrop of an increasing global population is projected to drive the demand for ammonia.

By the sales channel, the market is divided into direct channel and distribution channel. The direct channel segment dominated the global ammonia market in 2018 with an approximately one-fifth share of the global ammonia market.

 

Access Report Details @    https://www.marketresearchfuture.com/reports/ammonia-market-2405

 

Key Findings of the Study

  • Global ammonia market is projected to reach a value of USD 68,354.5 million by 2028 at a CAGR of around 4.2% during the forecast period of 2019 to 2028.
  • Asia-Pacific emerged as the leading and fastest-growing region for this market on account of the presence of leading agricultural countries such as India, China, Thailand, and Indonesia.
  • Increasing use of hydrogen as a biofuel is a key opportunity for players in this market.

 

Key Players

MRFR recognizes the following companies as the Key Players in the Global Ammonia Market— Yara (Norway), CF Industries Holdings Inc. (US), Nutrien Ltd. (Canada), Group DF (Ukraine), OCI NV (Netherlands), EuroChem Group AG (Switzerland), SABIC (Saudi Arabia), Acron (Russia), Orica Limited (Australia), Uralchem JSC (Russia), AB ”Achema” (Lithuania), Togliattiazot (Russia), Indian Farmers Fertiliser Cooperative Limited (India), Qatar Fertiliser Company (Qatar), and Koch Fertilizer, LLC (US) among others.

 

 

Get a Sample Copy of This Report @    https://www.marketresearchfuture.com/sample_request/2405

 

 

About Market Research Future:

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), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

 

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US) 

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

Read More Related Article:

https://www.marketresearchfuture.com/reports/expanded-polypropylene-market-9694

 

https://www.marketresearchfuture.com/reports/composites-market-5399

 

https://www.marketresearchfuture.com/reports/manganese-market-7724

 

https://www.marketresearchfuture.com/reports/pet-coke-market-5349

 

Comments

Post a Comment

Popular posts from this blog

Middle East and North Africa Metallic Stearates Market, Growth, Size, Region & Country, Revenue, Analysis & Forecast Till 2032

  Metallic stearates, widely used in various industries, are compounds derived from stearic acid and metal salts. These versatile substances find their applications in numerous sectors, including plastics, rubber, cosmetics, pharmaceuticals, and paints. With their exceptional lubricating, stabilizing, and anti-blocking properties, metallic stearates have witnessed a significant surge in demand, fueling the growth of the   Middle East and North Africa   metallic stearates market. The continuous development in the industry and the increasing investment in the industry, where the market value is expected to reach over USD 5.4 billion by the year 2030 with a CAGR of 5.4% during the forecast period. Expanding Applications : The  Middle East and North Africa metallic stearates market  has experienced remarkable growth due to the expanding applications across several industries. In the plastics industry, metallic stearates act as lubricants, preventing the me...
Read more

Middle East and North Africa Purging Compound Market, Growth, Size, Region & Country, Revenue, Analysis & Forecast Till 2032

  The  Middle East and North Africa purging compound market  has witnessed significant growth in recent years, owing to its crucial role in optimizing the efficiency and cleanliness of polymer processing equipment. This article delves into the key factors driving the market's expansion and highlights the benefits of using purging compounds in various industrial applications. Enhancing Operational Efficiency : Purging compounds play a pivotal role in ensuring the smooth operation of polymer processing equipment, such as extruders, Molded Pulp Packaging , and blow molding machines. By effectively removing color, contaminants, and residues from the machinery, purging compounds enable quick transitions between different materials, reducing downtime and improving productivity. Manufacturers can minimize material waste and achieve cost savings by utilizing purging compounds during color changes, material switches, and machine shutdowns. Efficient Cleaning Mechani...
Read more

Middle East and North Africa Polyurethane Dispersion Market, Growth, Size, Region & Country, Revenue, Analysis & Forecast Till 2032

  Polyurethane dispersion (PUD) has emerged as a versatile and environmentally friendly alternative to traditional solvent-based coatings and adhesives. With its unique properties and applications across various industries, polyurethane dispersion has gained significant traction in recent years. This article explores the growing popularity of  Middle East and North Africa polyurethane dispersion market , its advantages, applications, and the future prospects of this remarkable material. polyurethane dispersion market Size was valued at USD 2.2 billion in 2021. The polyurethane dispersion market industry is projected to grow from USD 2.3 Billion in 2022 to USD 3.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.25% during the forecast period (2022 - 2030).  The Advantages of Polyurethane Dispersion: Environmental Friendliness: One of the primary advantages of polyurethane dispersion is its eco-friendly nature. Unlike solvent-based coatings, PUDs ...
Read more