Press release
Ammonia Water Market Expansion: A Future-Oriented Perspective
Ammonia Water Market
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Market Overview
Ammonia water-also known as aqueous ammonia or ammonia solution-is a solution of ammonium hydroxide in water, widely utilized across diverse sectors. Commonly found in household cleaners such as glass, floor, and multipurpose products, ammonia water is also used:
- In agriculture as a nitrogen-rich fertilizer to boost plant growth.
- In industrial refrigeration systems as an eco-friendly refrigerant with excellent heat transfer capabilities.
- Across rubber, leather, pulp & paper industries, thanks to its chemical reactivity and cleaning efficiency.
Key Market Drivers and Trends:
Major Growth Drivers:
- Increasing use of ammonia water in diverse end-use industries
- Rising demand for fertilizers globally
Opportunities:
- Growing awareness and investment in water treatment applications
Restraints:
- Environmental concerns associated with ammonia discharge and handling
Market Segmentation Highlights:-
By End-use Industry:
- Agriculture Industry dominated the market in 2022, accounting for more than two-thirds of global revenue.
- It is also expected to register the fastest CAGR of 4.0% during the forecast period.
- Ammonia water plays a pivotal role in producing ammonium-based fertilizers like ammonium nitrate and ammonium phosphate, essential for higher crop yields.
By Region:
- Asia-Pacific emerged as the leading region in 2022, contributing to 50% of the global market share.
- The region is projected to grow at the highest CAGR of 4.0% through 2032.
- This dominance is attributed to robust horticulture, floriculture, and agricultural sectors with high nutrient demands.
Top Market Players:
- Evoqua Water Technologies LLC
- Veolia
- TORAY INDUSTRIES, INC.
- General Electric
- Koch Separation Solutions
- Aquatech International LLC
- KUBOTA Corporation
- Asahi Kasei Corporation
- WEHRLE-WERK AG
- Mitsubishi Chemical Corporation
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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