Press release
Ammonia Market to reach USD 209596.02 kilotons by 2029, emerging at a CAGR of 2.05 percent and forecast 2023-2029
Ammonia Market
Maximize Market Research Pvt Ltd is pleased to announce the release of its comprehensive research report on the Global Ammonia Market. The report provides valuable insights into the market's dynamics, key drivers, and challenges, along with regional perspectives and market segmentation.
Our research methodology employs rigorous data collection and analysis techniques, ensuring the accuracy and reliability of the information presented in the report. Through a combination of primary and secondary research, we have compiled a detailed assessment of the ammonia market.
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Ammonia Market Dynamics:
More than 88% of the ammonia used as fertilizer in the United States in 2022 was consumed as salts, solutions, or anhydrously. When sprayed into the soil, it helps increase the yields of crops like wheat and maize. In the United States, anhydrous ammonia makes up 30% of the agricultural nitrogen sprayed, and 110 million tonnes are used worldwide each year.
The need for fertilizer nutrients increased dramatically in 2020 to 201.66 million tons, directly reflecting the expansion of agricultural production to fulfill population demand, notably during the COVID-19 pandemic period. As a result, the increasing demand for fertilizers to support the expansion of the world's agricultural sector is directly linked to increased food consumption through increases in population and GDP, which in turn drive ammonia consumption.
Ammonia Market Regional Insights:
China, as the largest economy in the Asia-Pacific region, is a key player in the ammonia market. The country's agricultural sector, accounting for 7% of global agricultural acreage, is a major consumer of ammonia as a fertilizer. China's increasing demand for refrigeration has also boosted the need for ammonia in refrigeration systems.
Despite the temporary impact of COVID-19, the demand for ammonia across various end-user sectors, including refrigeration, remains strong, contributing to the market's growth during the forecast period.
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Ammonia Market Segmentation:
by Type
Liquid Ammonia
Gas Ammonia
by Application
Fertilizer
Intermediate to nitrogenous compound
Cleaner
Fermentation
Anti-microbial agent
Refrigerant
Fuel
Stimulant
Textile
Lifting gas
Wood working
by Technology Outlook
Solid Oxide Electrolysis
Proton Exchange Membrane
Alkaline Water Electrolysis
Ammonia Market Key Players:
1. CF Industries Holdings Inc.
2. Yara
3. Nutrien Ltd.
4. OCI Nitrogen
5. OSTCHEM
6. Group DF
7. OCI NV
8. EuroChem Group AG
9. SABIC
10.Acron
11.Orica Limited
12.Uralchem JSC
13.AB Achema
14.Togliattiazot
15.Qatar Fertilizer Company
16.Koch Fertilizer
17.Others
More Related Reports:https://www.maximizemarketresearch.com/market-report/global-ammonia-market/23583/
Table of content for the Ammonia Market includes:
1. Global Ammonia Market: Research Methodology
2. Global Ammonia Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Global Ammonia Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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