Ammonia Market to Witness Massive Growth CAGR of 45.4 % till 2025 | Yara International ASA, BASF SE, CF Industries Holdings

Ammonia (NH3) is a colourless gas that is highly soluble in water, corrosive, and odorous. Ammonia has a boiling point of -28 EF and a freezing point of -107.86 EF at normal atmospheric pressure. Ammonia is a chemical that is used in the production of nitrogen fertilisers.Cleaners are most commonly used to clean glass, stainless steel, and porcelain. The concentration of ammonia in household products ranges from 5 to 10% by weight. Furthermore, rising ammonia production capacity is boosting market growth. According to the International Fertilizer Industry Association (IFA), global ammonia capacity is expected to increase by 16% over 2014, reaching 250 Mt NH3 in 2019.

The global ammonia market was valued at $48.5 billion in 2016 and is expected to reach $72.28 billion by 2025, growing at a CAGR of 5.4 percent during the forecast period (2018 - 2025).

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Companies Covered as part of this study 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..
 
Market Trends

The global ammonia market is expanding due to rising demand for ammonia in end-use industries such as water treatment, textile, plastic, and chemical. Ammonia is also used as a refrigerant gas for water purification. Because ammonia is used in the production of synthetic textile fibres such as nylon, rayon, and acrylics, its demand in the textile industry has had a positive impact on the global ammonia market. According to the India Brand Equity Foundation (IBEF), the Indian textile market increased from US$ 99 billion in 2014 to US$ 137 billion in 2016, with a CAGR of 17.6 percent from 2014 to 2016.
 
Report Purchase Motives:
• The paper examines how Ammonia is expected to grow in the future.
• Examine various perspectives on the Ammonia using Porter's five forces analysis.
• The product type expected to dominate the Ammonia market, as well as the regions expected to grow the fastest over the forecast period, are investigated.
• Recognize the new advancements, Ammonia shares, and policies of the leading market participants.
• Over the last five years, the competitive landscape has included the Ammonia share of significant firms as well as important development policies.
• Comprehensive company profiles that include the product offerings of the major Ammonia players, critical financial information, current advancements, SWOT analysis, and strategies.
 
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