Press release
Ammonia Market Report 2024: Strategies And Recent Developments
Ammonia Market
The Business Research Company offers in-depth market insights through Ammonia Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The ammonia market size has grown strongly in recent years. It will grow from $73.44 billion in 2023 to $79.65 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to agricultural demand, expanding population, energy and power generation, chemical manufacturing: .
The ammonia market size is expected to see strong growth in the next few years. It will grow to $112.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to hydrogen economy development, renewable energy, carbon capture and storage (ccs), clean energy transition. Major trends in the forecast period include green ammonia production, ammonia as hydrogen carrier, ammonia for energy storage, hydrogen fuel cell vehicles, sustainable fertilizer production, green shipping, ammonia for carbon capture, ammonia in pharmaceuticals, ammonia sensors and monitoring
.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=7113&type=smp
Market Segmentation:
The main types of products in the ammonia market are anhydrous ammonia and aqueous ammonia. Anhydrous ammonia is composed of a gas substance and does not contain water. It is a cost-effective and commonly used nitrogen fertilizer, simple to implement and easily available to producers. The different forms include liquid, gas, and powder that are used in fertilizers, chemicals, refrigeration, pharmaceuticals, fibers and plastics, pulp and paper, and other applications.
Major Driver - Growing Fertilizer Industry Boosts Demand For Ammonia As Essential Nutrient For Plant Growth
The growth of the fertilizer industry is contributing to the growth of the ammonia market. Ammonia is used as ammonium nitrate fertilizer, which releases nitrogen, an essential nutrient for growing plants, including farm crops and lawns. The rapid growth in fertilizer industry is expected to boost utilization of ammonia as it is widely used in manufacturing of fertilizers. For instance, in March 2021, according to the sales and production report of fertilizers shared by Care Ratings, after growing by 4.2% in the previous ten months, fertilizer production in India climbed by 3% in the ten months of FY21. During the same period, overall fertilizer sales climbed by 19.4%. Overall, it is expected to see the consumption and the growth in demand continue. Therefore, an increase in the growth of the fertilizer industry is predicted to boost the demand for ammonia during the forecast period.
Competitive Landscape:
Major companies operating in the ammonia market include 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., Qatar Fertiliser Company, Mitsubishi Gas Chemical Co Inc., Uralchem JSC, Evonik Industries AG, Acron Group, Orica Limited, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Agrium Europe S.A., Fauji Fertilizer Company Limited, China National Offshore Oil Corporation, National Fertilizers Limited, TFI International Inc., Trammo Inc., Pupuk Kaltim, Sinochem Group, Zimmer Biomet, KBR Inc., Dyno Nobel
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/ammonia-global-market-report
Top Trend - Technological Advancements Drive Growth In Ammonia Market With Focus On Sustainability And Energy Efficiency
Technological advancement is a key trend gaining popularity in the ammonia market. Companies are investing in new technologies in order to improve energy efficiency and have the lowest CO2 emission. For instance, in May 2021, Netherland-based Stamicarbon Company, involved in designing and project development of chemical plants, launched a green ammonia technology process Stami Green Ammonia technology, paving the path for the production of sustainable fertilizers. To eliminate carbon from the ammonia production process, the technology uses renewable resources such as sun, wind, and hydrogen from water rather than fossil fuels. Such innovation is certainly a key trend in the ammonia market and will help the market grow further.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Ammonia Market Report 2024: Strategies And Recent Developments here
News-ID: 3409685 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Ammonia
Ultimate Guide to Ammonia Refrigerant
Ammonia is an inorganic compound made up of a single nitrogen atom covalently bonded to three hydrogen atoms that act as an amidase inhibitor and neurotoxin. Ammonia refrigeration systems are ammonia-based refrigeration systems. The chemical ammonia is used to absorb heat from one area and transfer it to another for dissipation because concentrated ammonia is much colder than room temperature, it is an excellent choice for keeping things cool.
Download PDF…
Ammonia Market Disruption: How Green Ammonia Is Changing Everything
Unveiling the Future of the Ammonia Industry
The global ammonia market is undergoing a transformative evolution, propelled by the increasing demand for sustainable fertilizers, clean energy solutions, and industrial applications. As population growth strains global food systems and carbon neutrality becomes a strategic imperative, ammonia has emerged as a cornerstone compound with unparalleled utility. With ammonia market valuation projected to reach beyond USD 365 billion by 2032, driven by a 5.8%…
Green Ammonia Market Key Insights Trends Shaping the Green Ammonia Market Landsc …
In recent years, the global Green Ammonia Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Green Ammonia Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five…
Ammonia Water Market Growth Expected to See Next Level | BASF SE, Mysore Ammonia …
Allied Market Research published a report titled "Ammonia Water Market By End-use Industry (Agriculture, Rubber, Leather, Pulp and Paper, and Others), By Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global ammonia water market was valued at $28.2 billion in 2022 and is projected to reach $40.5 billion by 2032, growing at a CAGR of 3.8% from 2023 to…
Ammonia Market Dynamics, Applications, and Environmental Impacts: A Comprehensiv …
Coherent Market Insights, a leading Market Research Firm, has released a comprehensive research report on Ammonia Market to provide valuable insights and analysis to clients and Customers. This Report offers a detailed examination of the Ammonia and highlights key trends, challenges, and opportunities within the Ammonia market. This research report aims to serve as a valuable resource for clients, including [industry professionals, investors, analysts, policymakers, etc.] With vast years of…
Bio Ammonia Market Report 2018: Segmentation by Type (Ammonia from corn biomass, …
Global Bio Ammonia market research report provides company profile for BioNitrogen Corp, Agrebon, SynGest and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the basis of product…
