Press release
Ammonia Market 2022 Industry Key Players, Trends, Sales, Supply, Demand, Analysis & Forecast to 2031
Ammonia Market 2022-2031
As per analysis by Persistence Market Research, the global ammonia market is estimated to expand at a healthy CAGR of more than 4% over the forecast period of 2022-2031.
Ammonia is a compound of nitrogen and hydrogen, used in the manufacturing of a variety of commercially important chemical products. Ammonia is a major source of nitrogen nutrient, and is mainly used as a fertilizer as well as for the manufacture of other fertilizers such as urea, ammonium sulfate, and ammonium phosphates.
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Rising demand for industrial chemicals and agrochemicals is one of the major factors boosting the sales of ammonia. Additionally, increasing production of ammonium nitrate by explosive manufacturers is driving demand for anhydrous ammonia. Within the agrochemicals sector, high demand for nitrogen-rich fertilizers such as DAP, MAP, and urea is also fueling the sales of ammonia.
Key Players:
The report has profiled some of the important players prevalent in the global like - Yara International ASA, CF Industries Holdings, Inc., Potash Corp, Orica Limited, Incitec Pivot Ltd, Mitsubishi Gas Chemical Co., Inc., Praxair, Inc., Achema AB, Linde Group, Jiangsu Huachang Chemical Co., Ltd, Koch Fertilizer LLC, SABIC, BASF SE, The Dow Chemical Company, Toggliazot PJSC, OCI Nitrogen, Haifa Chemicals Ltd., CNPC (China National Petroleum Corporation), Trammo, Inc., and Haldor Topsoe A/S, and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Ammonia Market.
Key Takeaways from Market Study
Growing consumption of nitrogenous fertilizers is expected to drive demand for agrochemicals over the coming years.
Robust growth of mining operations in Asia Pacific, especially in countries such as Indonesia and China, has led to significant growth in demand for ammonium nitrate-based explosives, thus stimulating demand for ammonia.
Increasing use of ammonia in the manufacturing of various fertilizers such as urea, MAP (mono-ammonium phosphate), DAP (di-ammonium phosphate), and various other agrochemicals is driving the market in terms of consumption in Europe.
Demand for ammonia for the production of modified fertilizers is expected to boost market growth over the coming years.
Owing to increasing demand from end-use industries, key ammonia manufacturers are focusing more on greenfield projects to meet global demand. However, a few key players are planning to increase the production capacity of their existing plants to meet regional demand.
"Key players have signed research & development contracts with academic institutions to introduce new applications for ammonia and develop new technologies that can help reduce overall operating and production costs. With a demand share of more than 50%, the agrochemical sector is projected to remain as the backbone of the ammonia industry throughout the decade", says an analyst of Persistence Market Research.
Conclusion
Increasing demand for agrochemicals coupled with rise in the production of fertilizers across the globe, especially the manufacturing of fertilizers such as urea, MAP (mono-ammonium phosphate), DAP (di-ammonium phosphate), and various others is expected to increase demand for ammonia over the forecast period. Besides, it is also used as a major feedstock for urea and for the production of modified fertilizers, which will further help drive market growth.
Furthermore, increasing use of explosives in mining operations is driving the need for ammonia, as it is a major component of explosives. Thus, increasing mining activities will increase the use of explosive products, and in turn, propel drive demand for ammonia.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Ammonia Market Manufacturers
Ammonia Market Distributors/Traders/Wholesalers
Ammonia Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Ammonia Market - Report Highlights
A detailed overview of parent market of Ammonia Market
Changing Ammonia Market dynamics in the industry
In-depth segmentation of the Ammonia Market
Historical, current, and projected Ammonia Market size regarding volume and value
Recent industry trends and developments in Ammonia Market
Competitive landscape of the Ammonia Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Ammonia Market performance
Must-have information for Ammonia Market players to sustain and enhance their market footprint
Key Questions Answered in the Ammonia Market Report
How is the Ammonia Market expected to grow over the projected period?
What direction is the Ammonia Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Ammonia Market in future?
What are the key market drivers in the Ammonia Market?
What are significant opportunities and improvement areas for Ammonia Market manufacturers?
What are the key developments and trends taking over the Ammonia Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Ammonia Market?
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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