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Global Ammonia Market is expected to grow at a CAGR of 5.59% during the forecast period from 2019-2025

01-29-2020 11:56 AM CET | Science & Education

Press release from: Fior Markets

Global Ammonia Market 2019, Global Ammonia Market Growth, Global Ammonia Market Trends and Analysis, Global Ammonia Market

Global Ammonia Market 2019, Global Ammonia Market Growth, Global Ammonia Market Trends and Analysis, Global Ammonia Market

As per the report published by Fior Markets, the global ammonia market is expected to grow from USD 52.71 Billion in 2017 to USD 81.42 Billion by 2025, at a CAGR of 5.59% during the forecast period from 2018-2025.Asia Pacific region emerged as the largest market for ammonia with a 39.26% share of revenue in 2017 followed by North America.

"Global Ammonia Market by Product Form (Liquid, Gas, Powder), Application (Fertilizers, Textile, Pharmaceuticals, Others), Regions",and Global Forecast 2018-2025

DOWNLOAD FREE SAMPLE REPORT:https://www.fiormarkets.com/report-detail/375934/request-sample

Key players in the global ammonia market areBASF SE, CF Industries Holdings, Inc., PotashCorp, HuaqiangChem Group, Shanxi Jinfeng Coal Chem,Rashtriya Chemicals & Fertilizers Ltd., China Petroleum & Chemical Corporation, China National Petroleum Corporation,Yara International, Orica Limited, Praxair, Inc, Achema AB, Linde Group, Haifa Chemicals Ltd, HaldorTopsoe, Koch Fertilizer LLC among others.To efficiently serve the burgeoning demand for the nitrogenous fertilizers from the North American farm sector, the major players are increasingly focusing on ramping up their production capacities. For instance CF industries in 2018, announced its capacity expansion plans for the production of low cost ammonia at its Garner, Iowa plant. This expansion is anticipated to increase availability of low-cost ammonia by up to 150,000 tons.

Product form is segmented into liquid, gas and powder. Due to wide ranging utilization of liquid ammonia in fertilizer and various end industries, liquid form segment emerged as the leading segment with a 47.82% share of the market revenue in 2017. Gas form segment is also projected to attain a healthy market share over the forecast period.Application segment is divided into fertilizers, refrigerants, pharmaceuticals, textiles and others. On account of its property for releasing nitrogen when in contact with soil, ammonia is widely used as a fertilizer in the agriculture sector. Thus global emphasis on raising the farm productivity led fertilizer segment to emerge as the dominating segment with a 41.92% share of revenue in 2017. Ammonia has0 emerged as the preferred refrigerant owing to its high efficiency and better heat transfer properties coupled with its zero ozone depletion potential. Thus refrigerant segment is projected to grow at the highest CAGR of 7.67% over the forecast period.

BROWSE COMPLETE REPORT AND TABLE OF CONTENTS:https://www.fiormarkets.com/report/global-ammonia-market-by-product-form-liquid-gas-375934.html

Increasing demand for nitrogenous fertilizers and eco-friendly refrigerants are driving the global demand for the ammonia. Whereas volatility in prices of the natural gas, an important raw material as well as concerns related to production overcapacity are anticipated to hamper the market growth.

Customization of the Report:This report can be customized to meet the client's requirements. Please connect with our sales team (sales@fiormarkets.com), who will ensure that you get a report that suits your needs.

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Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients' objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. We sell market research reports obtained from major publishers from various industries, in which a comprehensive overview of the market is provided along with statistical forecasts, strategic recommendations, detailed segmentation, current market scenario, competitive landscape and key trends.

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