The global Ammonia Market accrued earnings worth approximately 55.4 (USD Billion) in 2020 and is predicted to gain revenue of about 89.4 (USD Billion) by 2028, is set to record a CAGR of nearly 5.8% over the period from 2021 to 2028.
The global Ammonia Market accrued earnings worth approximately 55.4 (USD Billion) in 2020 and is predicted to gain revenue of about 89.4 (USD Billion) by 2028, is set to record a CAGR of nearly 5.8% over the period from 2021 to 2028. The report offers an assessment and analysis of the Ammonia Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
Ammonia is a compound comprising of a single nitrogen atom that is bonded covalently to three hydrogen atoms. Moreover, the inorganic chemical compound can also be produced naturally through the breaking down of organic substances and bacterial methods. Furthermore, it is utilized as fertilizer as well as a refrigerant and finds myriad applications in industrial processes. Apart from this, ammonia is in form of colorless gas as well as compressed liquid form. It has a pungent smell and dissolves in water to form an ammonium hydroxide solution which is utilized as a sanitizer as well as cleansing agents in homes as well as industrial premises.
Escalating demand for ammonia in the farming industry and a rise in the use of explosives are predicted to create lucrative growth avenues for the ammonia industry. For the record, nearly 81% of ammonia is utilized as fertilizer for increasing food yield to fulfill the food requirements of the rapidly surging population. Reportedly, the production of crops for food reduces the nutrient value of soil and hence ammonia is used by farmers as fertilizer for enhancing the fertility of the soil, thereby increasing food yield. Nonetheless, harmful effects of ammonia in concentrated form are predicted to adversely impact the growth ammonia market.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Moreover, massive use of ammonia in textiles and pharmaceuticals will enlarge scope of growth of ammonia market in upcoming years. Apart from this, ammonia is also used in food & beverages, wastewater treatment, metallurgical procedures, pulp & paper production, leather manufacturing, and rubber production. This, in turn, will contribute assiduously towards expansion of ammonia market in next couple of years. Nevertheless, low costs, low energy consumption, and effective heat transferring features of ammonia have enhanced its popularity as a refrigerant in various industries.
Asia Pacific Ammonia Market To Retain Leading Position Over Next Seven Years
Growth of ammonia market in Asia Pacific zone over forecast timeline is subject to massive demand for product from the pharmaceutical industry in countries such as India and China. Additionally, increase in production capacity of manufacturing units in countries such as India, China, and Indonesia will intensify growth of regional market. With farming being major occupation of people in Asia, the ammonia market is likely to witness rapid growth in Asia Pacific region over coming years.
Key players lucratively impacting the growth of the ammonia market and included in our report are Huaqiang Chem Group; Yara International; China Petroleum & Chemical Corporation; Shanxi Jinfeng Coal Chem; CF Industries Holdings, Inc.; BASF SE; PotashCorp; Rashtriya Chemicals & Fertilizers Ltd.; and China National Petroleum Corporation.
The global Ammonia Market is segmented as follows:
By Product Form
By Application
By Region
List of Figures
1. Market research Type
2. Market research methodology
3. Global AmmoniaMarket, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global AmmoniaMarketattractiveness, By Product Form
6. Global AmmoniaMarketattractiveness, By Application
7. Global AmmoniaMarketshare by Product Form ,2020 and 2028 (USD Billion)
8. Global AmmoniaMarketby Gas, 2018–2028(USD Billion)
9. Global AmmoniaMarketby Liquid, 2018–2028(USD Billion)
10. Global AmmoniaMarketby Powder, 2018–2028(USD Billion)
11. Global AmmoniaMarketshare by Application ,2020 and 2028 (USD Billion)
12. Global AmmoniaMarketby Fertilizers, 2018–2028(USD Billion)
13. Global AmmoniaMarketby Pharmaceuticals, 2018–2028(USD Billion)
14. Global AmmoniaMarketby Textile, 2018–2028(USD Billion)
15. Global AmmoniaMarketby Refrigerants, 2018–2028(USD Billion)
16. Global AmmoniaMarketshare, by Region, 2020 and 2028
17. North America AmmoniaMarket, 2018–2028(USD Billion)
18. Europe AmmoniaMarket, 2018–2028(USD Billion)
19. Asia Pacific AmmoniaMarket, 2018–2028(USD Billion)
20. Latin America AmmoniaMarket, 2018–2028(USD Billion)
21. The Middle East and Africa AmmoniaMarket, 2018–2028(USD Billion)
List of Tables
1. Global AmmoniaMarket: snapshot
2. Drivers of the AmmoniaMarket: impact analysis
3. North America Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
4. North America Ammonia Market revenue, By Application ,2018–2028(USD Billion)
5. The U.S. Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
6. The U.S. Ammonia Market revenue, By Application ,2018–2028(USD Billion)
7. Rest of North America Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
8. Rest of North America Ammonia Market revenue, By Application ,2018–2028(USD Billion)
9. Europe Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
10. Europe Ammonia Market revenue, By Application ,2018–2028(USD Billion)
11. UK Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
12. UK Ammonia Market revenue, By Application ,2018–2028(USD Billion)
13. France Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
14. France Ammonia Market revenue, By Application ,2018–2028(USD Billion)
15. Germany Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
16. Germany Ammonia Market revenue, By Application ,2018–2028(USD Billion)
17. Rest of Europe Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
18. Rest of Europe Ammonia Market revenue, By Application ,2018–2028(USD Billion)
19. Asia Pacific Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
20. Asia Pacific Ammonia Market revenue, By Application ,2018–2028(USD Billion)
21. China Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
22. China Ammonia Market revenue, By Application ,2018–2028(USD Billion)
23. Japan Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
24. Japan Ammonia Market revenue, By Application ,2018–2028(USD Billion)
25. India Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
26. India Ammonia Market revenue, By Application ,2018–2028(USD Billion)
27. Rest of Asia Pacific Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
28. Rest of Asia Pacific Ammonia Market revenue, By Application ,2018–2028(USD Billion)
29. Latin America Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
30. Latin America Ammonia Market revenue, By Application ,2018–2028(USD Billion)
31. Brazil Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
32. Brazil Ammonia Market revenue, By Application ,2018–2028(USD Billion)
33. Rest of Latin America Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
34. Rest of Latin America Ammonia Market revenue, By Application ,2018–2028(USD Billion)
35. The Middle East and Africa Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
36. The Middle East and Africa Ammonia Market revenue, By Application ,2018–2028(USD Billion)
37. Saudi Arabia Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
38. Saudi Arabia Ammonia Market revenue, By Application ,2018–2028(USD Billion)
39. South Africa Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
40. South Africa Ammonia Market revenue, By Application ,2018–2028(USD Billion)
41. Rest of the Middle East & Africa Ammonia Market revenue, By Product Form ,2018–2028(USD Billion)
42. Rest of the Middle East & Africa Ammonia Market revenue, By Application ,2018–2028(USD Billion)
Escalating demand for ammonia in farming industry and rise in use of explosives is predicted to create lucrative growth avenues for ammonia industry. For the record, nearly 81% of ammonia is utilized as fertilizer for increasing food yield to fulfill food requirements of rapidly surging population. Reportedly, production of crops for food reduces nutrient value of soil and hence ammonia is used by farmers as fertilizer for enhancing fertility of soil, thereby increasing food yield. Moreover, massive use of ammonia in textiles and pharmaceuticals will enlarge scope of growth of ammonia market in upcoming years. Apart from this, ammonia is also used in food & beverages, wastewater treatment, metallurgical procedures, pulp & paper production, leather manufacturing, and rubber production. This, in turn, will contribute assiduously towards expansion of ammonia market in next couple of years.
According to Zion market research report, The global Ammonia Market accrued earnings worth approximately 55.4 (USD Billion) in 2020 and is predicted to gain revenue of about 89.4 (USD Billion) by 2028, is set to record a CAGR of nearly 5.8% over the period from 2021 to 2028.
Asia Pacific will contribute lucratively towards the regional market size over the estimated timeline. The regional market surge is owing to massive demand for product from pharmaceutical industry in countries such as India and China. Additionally, increase in production capacity of manufacturing units in countries such as India, China, and Indonesia will intensify growth of regional market. With farming being major occupation of people in Asia, the ammonia market is likely to witness rapid growth in Asia Pacific region over coming years.
The key market participants include Huaqiang Chem Group; Yara International; China Petroleum & Chemical Corporation; Shanxi Jinfeng Coal Chem; CF Industries Holdings, Inc.; BASF SE; PotashCorp; Rashtriya Chemicals & Fertilizers Ltd.; and China National Petroleum Corporation
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