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Ammonia Market Growth to be Driven by Technological Advancements 2018

09-22-2017 05:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Ammonia Market Growth to be Driven by Technological

Ammonia, also known as azane, is a compound of nitrogen and hydrogen. It is a colorless gas with a pungent odor. Ammonia is an essential source for many downstream nitrogen based products. It acts as a nutritional supplement in foods and fertilizers. It also has various applications in pharmaceutical industries and in cleansing products. Ammonia is used for commercial as well as household applications making it one of the most highly produced inorganic chemicals in the world.

The abundant use of ammonia in fertilizers and agricultural products is expected to drive the global market. Moreover, the large production capacities in China are expected to make Asia Pacific one of the key market segments in the ammonia market. Regions like Russia, Germany, Ukraine, and other East-European countries contribute to making Europe the other major market segment in the ammonia market. 

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The growth in fertilizer production and demand is expected to be the primary driver for the growth in the ammonia market. Acting as a vital source of nitrogen, which is a necessity for plant growth, it promises strong demand in the near future. Also, ammonia acts as a raw material for the preparation of nitric acid which is further used in the production of explosives. Refrigeration is another important application of ammonia, where it is used for cold storage, food preservation, and beverage production. However, modest growth in other application segments of ammonia like live stock, pharmaceuticals, plastics industry, paper industry, food industry, and chemicals among others, is expected to augment the demand in the near future.

One of the major factors that can hold this market back is the fluctuating prices of natural gas, the major feedstock for ammonia. Also, the toxic nature of ammonia in its applications is a major cause for concern. However, environmentally, ammonia is a non-hazardous gas as it does not contribute to global warming.

Some of the major players in the ammonia market are Terra Industries, BASF SE, Agrium, Inc., Koch Nitrogen Company, CF Industries, Inc., and Potash Corporation of Saskatchewan, Inc. among others.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
North America 
Asia Pacific 
Europe
Rest of the World  

This report provides comprehensive analysis of 
Market growth drivers 
Factors limiting market growth
Current market trends 
Market structure
Market projections for upcoming years 

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Albany, NY 12207
Tel: +1-518-618-1030
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Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/

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