Ammonia Market Segments, Share Analysis, CAGR Value, Key Trends And Growing Demand 2022 To 2031: Yara International ASA, BASF SE, CF Industries Holdings Inc., Nutrien Ltd, OCI Nitrogen
The global ammonia market report by the business research company identifies the growth of the fertilizer industry to be a major growth driver for the ammonia market. Ammonia is used as ammonium nitrate fertilizer, which releases nitrogen, an essential nutrient for growing plants, including farm crops and lawns. With the rising demand for fertilizers, the demand for ammonia will also increase. For instance, according to Care Ratings, an India-based top credit rating agency, after growing by 4.2% in the previous ten months, fertilizer production in India climbed by 3% in the ten months of 2021.
The global ammonia market size is expected to grow from $61.05 billion in 2021 to $66.93 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The ammonia market is expected to reach $86.03 billion in 2026 at a CAGR of 6.5%.
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Asia-Pacific was the largest region in the ammonia market in 2021. The regions covered in the ammonia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the ammonia market are Yara International ASA, BASF SE, CF Industries Holdings Inc., Nutrien Ltd., OCI Nitrogen, Eurochem Group, Koch Fertilizer LLC, China National Petroleum Corporation, Rashtriya Chemicals and Fertilizers Ltd.
The global ammonia market is segmented -
1) By Product Type: Anhydrous Ammonia, Aqueous Ammonia
2) By Form Type: Liquid, Powder
3) By Application: Fertilizers, Chemicals, Refrigeration, Pharmaceutical, Fibers and Plastics, Pulp and Paper, Other Applications
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The Ammonia Market Report Contents Include
1. Executive Summary
2. Ammonia Market Characteristics
3. Ammonia Market Trends And Strategies
4. Ammonia Market - Macro Economic Scenario
5. Ammonia Market Size And Growth
27. Ammonia Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ammonia Market
29. Ammonia Market Future Outlook and Potential Analysis
This report covers the trends and market dynamics of the ammonia market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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