Press release
Global Ammonia Market Value Expected to Surpass 213,000 Kilotons by 2030
Global ๐๐ฆ๐ฆ๐จ๐ง๐ข๐ ๐๐๐ซ๐ค๐๐ญt was valued at 185568.80 kilotons in 2023, and it is expected to reach 213892.73 kilotons by 2030 with a CAGR of 2.05% during the forecast period.๐๐ฆ๐ฆ๐จ๐ง๐ข๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The ammonia market is expected to grow significantly due to its essential role in agriculture, particularly in fertilizer production, and its increasing demand in industries like chemicals and textiles. The market's growth is driven by technological advancements, sustainable practices, and rising agricultural needs. The expanding use of ammonia in energy storage solutions and its potential for use in clean energy further contribute to its growing significance. This market is poised to continue evolving as environmental concerns and innovations shape the industry's future.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/23583/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฆ๐ฆ๐จ๐ง๐ข๐ ๐๐๐ซ๐ค๐๐ญ:
The ammonia market is primarily driven by its key role in agricultural fertilizers, which continue to be in high demand due to the need for increased food production. Additionally, ammonia's growing use in chemical industries, energy storage technologies, and its potential as a clean energy solution are further propelling market expansion. Technological advancements aimed at improving production efficiency, along with environmental regulations pushing for sustainable practices, are also significant factors driving the growth of the ammonia market.
๐๐ฆ๐ฆ๐จ๐ง๐ข๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The ammonia market is witnessing notable trends, including increased demand for sustainable production processes and innovations in energy-efficient technologies. The shift towards green ammonia, especially for use in renewable energy storage and as a hydrogen carrier, is gaining traction. Additionally, the expansion of ammonia-based fertilizers in emerging economies, along with advancements in the chemical and automotive sectors, are shaping market dynamics. These trends reflect a growing emphasis on sustainability and efficiency in ammonia production and utilization across various industries.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/23583/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฆ๐ฆ๐จ๐ง๐ข๐ ๐๐๐ซ๐ค๐๐ญ
The ammonia market has experienced a surge in mergers and acquisitions, particularly in Asia and Europe, with companies seeking to enhance production capabilities and explore sustainable technologies. For instance, ๐๐ข๐๐ญ๐ง๐๐ฆ'๐ฌ ๐๐ข๐ง๐๐๐ก๐๐ฆ has acquired a major stake in a leading fertilizer company to expand its ammonia production capacity. In ๐๐ก๐๐ข๐ฅ๐๐ง๐, ๐๐ก๐๐ข ๐๐๐ง๐ญ๐ซ๐๐ฅ ๐๐ก๐๐ฆ๐ข๐๐๐ฅ ๐๐ฎ๐๐ฅ๐ข๐ ๐๐จ. ๐๐ญ๐. has joined forces with a global chemical firm, enabling growth in ammonia-based fertilizers.
๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง, ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐, ๐๐ง๐ ๐ญ๐ก๐ ๐๐๐
โข In ๐๐๐ฉ๐๐ง, ๐๐จ๐๐ก๐ข ๐๐ก๐๐ฆ๐ข๐๐๐ฅ ๐๐จ. ๐๐ญ๐. has collaborated with ๐๐ข๐ญ๐ฌ๐ฎ๐๐ข๐ฌ๐ก๐ข ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง to incorporate cleaner ammonia production processes into its existing operations.
โข ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐'๐ฌ ๐๐ ๐๐ก๐๐ฆ has made a strategic investment in ammonia technology to bolster its market share in clean energy solutions.
โข In the ๐๐๐, ๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ has partnered with ๐๐ฑ๐ฑ๐จ๐ง๐๐จ๐๐ข๐ฅ to develop more energy-efficient ammonia production methods that significantly reduce carbon emissions.
๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง ๐๐ง๐ ๐๐จ๐ฎ๐ญ๐ก๐๐๐ฌ๐ญ ๐๐ฌ๐ข๐๐ง ๐๐ซ๐จ๐ฐ๐ญ๐ก
โข ๐๐๐ซ๐ฆ๐๐ง๐ฒ'๐ฌ ๐๐๐๐ has announced plans to expand its ammonia production plant, leveraging renewable energy sources.
โข In ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐, ๐๐ฆ๐๐ง ๐๐ข๐ฅ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ has entered the ammonia market with a sustainable approach by launching green ammonia production technologies.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ? ๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/23583/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฆ๐ฆ๐จ๐ง๐ข๐ ๐๐๐ซ๐ค๐๐ญ:
๐๐ฒ ๐๐ฒ๐ฉ๐
Liquid Ammonia
Gas Ammonia
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Fertilizer
Intermediate to nitrogenous compound
Cleaner
Fermentation
Anti-microbial agent
Refrigerant
Fuel
Stimulant
Textile
Lifting gas
Wood working
๐๐ฒ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
Outlook Solid Oxide Electrolysis
Proton Exchange Membrane
Alkaline Water Electrolysis
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ฆ๐ฆ๐จ๐ง๐ข๐ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
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
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-ammonia-market/23583/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
โข Past Market Size and Competitive Landscape
โข Microgrid Control System Market Size, Share, Size & Forecast by different segment
โข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โข Microgrid Control System Market Segmentation - A detailed analysis by Product
โข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โข Competitive landscape - Market Leaders, Market Followers, Regional player
โข Competitive benchmarking of key players by region
โข PESTLE Analysis
โข PORTER's analysis
โข Value chain and supply chain analysis
โข Legal Aspects of business by region
โข Lucrative business opportunities with SWOT analysis
โข Recommendations
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
โฆ Malted Barley Market https://www.maximizemarketresearch.com/market-report/malted-barley-market/147924/
โฆGlobal Polyglycerol Market https://www.maximizemarketresearch.com/market-report/global-polyglycerol-market/27536/
โฆGlobal Compressor Rental Market https://www.maximizemarketresearch.com/market-report/compressor-rental-market/122470/
โฆ Global Automotive Engineering Service Provider Market https://www.maximizemarketresearch.com/market-report/global-automotive-engineering-service-provider-market/70553/
โฆ Global Automotive Backup Camera Market https://www.maximizemarketresearch.com/market-report/global-automotive-backup-camera-market/27059/
โฆLarge Power Transformers Market https://www.maximizemarketresearch.com/market-report/global-large-power-transformers-market/33271/
โฆ Global Cloud Based ITSM Market https://www.maximizemarketresearch.com/market-report/global-cloud-based-itsm-market/29205/
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