Ammonia Water Market: Intense Competition but High Growth & Extreme Valuation

Allied Market Research recently released a report titled "Ammonia Water Market By End-use Industry (Agriculture Industry, Rubber Industry, Leather Industry, Pulp and Paper Industry, 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 2032.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/36034

Ammonia water, also known as ammonia solution or aqueous ammonia, is a solution of ammonium nitrate dissolved in water. It finds widespread use across various industries including household cleaning products, agriculture as a fertilizer source, and in industrial refrigeration systems due to its effective heat transfer properties and environmental friendliness compared to other refrigerants.

Key growth drivers identified in the report include the increasing use of ammonia water in different industrial applications and the rising demand for fertilizers. However, environmental concerns pose challenges to market growth, while growing awareness about water treatment presents opportunities for expansion.

The agricultural industry segment dominated the market in 2022, contributing to over two-thirds of the market revenue, driven by its essential role in manufacturing ammonium-based fertilizers crucial for plant nutrition. The Asia-Pacific region led the market in 2022 and is expected to maintain its dominance through 2032, fueled by robust horticulture and floriculture sectors.

Major players in the ammonia water market include Evoqua Water Technologies LLC, Veolia, TORAY INDUSTRIES, INC., General Electric, Koch Separation Solutions, Aquatech International LLC, KUBOTA Corporation, Asahi Kasei Corporation, WEHRLE-WERK AG, and Mitsubishi Chemical Corporation. These companies employ various strategies such as product launches and strategic partnerships to bolster their market presence.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/ammonia-water-market-A35560

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