Ammonia Market Key Players Analysis – BASF, Potashcorp, Yara International, CF Industries, Group DF, Togliatti, OCI Nitrogen, Agrium

Market Highlights
Ammonia is a compound with the formula NH3. It is normally encountered as a gas with a characteristic pungent odor it contributes owing to these characteristics the application is diverse mainly in fertilizers, pharmaceuticals, refrigerants, household, food and others. Firstly, ammonia is used in nutritional needs of terrestrial organisms by serving as a precursor to foodstuffs and fertilizers. Ammonia is used directly or indirectly, in building block for the synthesis of many pharmaceuticals. In certain organisms, ammonia is produced from atmospheric N2 by enzymes called nitrogenizes. The overall process is called nitrogen fixation. Ammonia is also a metabolic product of amino acid deamination it is commonly used in in aquatic animals. In humans, it is quickly converted to urea, which is much less toxic.
In 2015, approximately 83% of ammonia is used as fertilizers either as its salts or as solutions. Liquid ammonia was used as the fuel of the rocket airplane, the X-15.Solutions of ammonia in water can be applied on the skin to lessen the effects of acidic animal poisons, especially insect poison and jellyfish poison. Ammonia used to scrub SO2 from the burning of fossil fuels, the resulting product is converted to ammonium sulfate for use as fertilizer. However the major restraints ammonia is both caustic and hazardous and flucations of price is raw materials might hinder the market. Ammonia Market is expected to grow with the CAGR 4.2 % of more than from 2016 to 2022, and with this it is predictable to cross USD 180 Million by 2022

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Globally, the market share of production of ammonia are distributed as follows. In China produced 28.4% of the worldwide production followed by India with 8.6%, Russia with 8.4%, and the United States with 8.2%.About 80% or more of the ammonia produced is used for fertilizing agricultural crops.

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Key Players:
The key players in market includes
• BASF,
• Potashcorp,
• Yara International,
• CF Industries,
• Group DF,
• Togliatti,
• OCI Nitrogen,
• Agrium,
• Sabic,
• Koch Fertilizer
• others.

Regional Analysis
“Asia-Pacific is projected to be the largest market during the forecast period”
Global ammonia capacity in 2015 was approximately from 215.2 million tons. The market is driven primarily by capacity additions in China, Iran, Nigeria and the US, according to MRFR analysis, global ammonia capacity is seeing changes as in various parts of the world due to their feedstock advantages. With large capacity additions in North America and Middle East & Africa, the regions are leveraging on cost favorable and large-scale available feedstock.

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Globally , In North America, ammonia supply is expected to boom in coming years as abundant and inexpensive natural gas liquids feedstock is attracting companies to establish their plants in the region. The Middle East and Africa have also seen tremendous growth in ammonia supply. Middle East producers still have advantage of cheaper and subsidized NGLs feedstock and proximity to demand rich Asian markets. More than one-third of the capacity in the future is expected to be from this region, thereby meeting the regional demand and allowing for growing exports to Asian markets.

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