Ammonia is an inorganic compound with the chemical formula NH3. Ammonia is a colourless gas with a strong characteristic odour. It is mainly obtained from Haber’s process by treating hydrogen with atmospheric nitrogen in the presence of a catalyst. Ammonia is a popular chemical for different industries and is a primary nitrogen source. Ammonia is used in fertilizers, air condition refrigeration, plastics, detergents, explosives, pesticides, etc.
Browse the full report: https://www.chemanalyst.com/industry-report/ammonia-market-631
The use of Ammonia in agriculture and fertilisers is what essentially drives the market for it internationally. This sector accounted for more than 60% of the global ammonia market in 2021. The agricultural industry is where nitrogenous fertilisers are most commonly used. Sales of fertilisers are anticipated to rise in the forthcoming years due to the growing global population and increased food production. The Ammonia Market is anticipated to further swell up by the use of Ammonia in the pharmaceutical industry as a respiratory stimulant, and for the manufacture of medications Ammonium hydroxide, a common active ingredient in cleaning and disinfection solutions also requires Ammonia as a raw material, which is anticipated to further contribute the market growth in the forecast period. Ammonia is commonly added to chlorine in municipal water treatment systems to enhance chlorine’s ability to disinfect water.
The Ammonia market is segmented on end-use, sales channel, and region. Based on end-uses, the Global Ammonia market is segregated into industries such as Agriculture & Fertilizers, Textiles, Pharmaceutical, Explosives, Refrigeration, and Others. The Agriculture and Fertilizers industry dominates the Ammonia market around the globe. It will likely stay the most significant end-user industry during the forecast period, owing to the high demand for fertilizers for the production of crops in the forecast period.
The Asia Pacific is the leading consumer of Ammonia among all other regions, which anticipates that it will continue to maintain its dominance during the forecast period. Due to the growing demand for Ammonia in the Agriculture and Fertilizer industry, the demand for Ammonia in APAC is anticipated to expand further. Currently, China is the leading producer as well as consumer of Ammonia. This Asia Pacific region is expected to grow production per the rising demands.
Book A Demo Online Request: Ammonia Market Analysis Report
“Global Ammonia Market Analysis: Plant Capacity, Production, Operating Efficiency, Foreign Trade, Demand & Supply, End-User Industries, Sales Channel, Company Share, Regional Demand, 2015-2030”, the significant players functional in the Global Ammonia market include are CF Industries, Nutrien, Jinmei Group, Yihua Group, Qatar Fertilizer Co (QAFCO), PetroChina Group, TogliattiAzot, EuroChem Group, Acro Group, Yangmei Group, Parsian Oil and Gas Development Group Co., and Indian Farmers Fertiliser Co-operative Limited (IFFCO).
“The rapidly increasing demand for Ammonia is due to its huge usage Agriculture & Fertilizer industry for manufacturing nitrogen-based fertilizers, which is expected to boost the Ammonia market in the forecast period until 2030. In the next years, there will be a rise in population across the globe, creating a huge demand of crops that will swell the demand of Ammonia in the forecast period. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
About Us:
ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.
The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.
Contact Us:
Manvi Goyal
B-44 Sector-57 Noida,
National Capital Region
Tel: 0120-4523990
Mob: +91-8882805349
Email: sales@chemanalyst.com
Website: https://www.chemanalyst.com/