Ammonia Market Dynamics Segments and Supply Demand By 2025

The global ammonia market size was worth USD 48.65 billion in 2016. The rising demand for ammonia in the fertilizer industry is expected to boost the industry growth. The product is also the building block for the world nitrogen industry.
Ammonia is a colorless and highly irritating with a sharp suffocating odor gas. It easily dissolves in water and forms an ammonium hydroxide solution. The solution can cause burns and irritation. The gas can be easily compressed, which forms a colorless & clear liquid under pressure. It is usually transported in steel cylinders in the form of compressed liquid. Moreover, it is not highly combustible but may explode when exposed to high heat.
U.S. ammonia market
The U.S. market was valued at USD 5.76 billion in 2016 and is predicted to ascend at a CAGR of 5.2% from 2017 to 2025. The country is among the major producers of the product. Globally, the demand & supply ratio of the product is anticipated to move toward surplus, as the capacity addition is continuing to outpace consumption, resulting in declining utilization rates. This capacity addition is mostly increasing in the regions where the production cost is low and availability of the raw material, i.e. natural gas is high, especially in the Middle East and the U.S.
Commercially, it is manufactured by the Haber-Bosch process. The process involves direct reaction between elemental nitrogen & hydrogen in the presence of high temperature, catalyst, and elevated temperature. Several types of catalysis can be used in the process such as iron oxide, aluminum oxide, and magnesium oxide. In the laboratory, it is synthesized by the hydrolysis of a metal nitride.
Further key findings from the report suggest:
  • The global ammonia market was valued at USD 48.65 billion in 2016. The industry is anticipated to reach USD 76.64 billion by 2025, ascending at a CAGR of 5.3% from 2017 to 2025.
  • Fertilizer application segment dominated with over 40% of the overall share in terms of revenue
  • Rising demand for nitrogen fertilizer owing to its advantages for application in the agricultural sector is anticipated to boost the ammonia market over the coming years
  • Some of the other major application industries of the product include household & industrial cleaning, food & beverage, metallurgical processes, water and wastewater treatment, rubber, pulp & paper, and leather
  • Asia Pacific dominated the industry in 2016 and is projected to be the fastest-growing region over the forecast period
  • The industry is highly competitive in nature with the presence of various global players
  • Some of the key market players are Yara International; BASF SE; CF Industries Holdings; Inc.; PotashCorp; Huaqiang Chemical Group; Shanxi Jinfeng Coal Chemical; Rashtriya Chemicals & Fertilizers Ltd.; China Petroleum & Chemical Corporation; and China National Petroleum Corporation
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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