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Ammonia Market: Growth, Demand, Supply, SWOT, Consumption, ROI to 2025

Fertilizer is the major application of the product as well as an important source of nitrogen in the agricultural industry, which is expected to benefit the market over the forecast period.

The Global Ammonia Market is anticipated to reach USD 76.64 billion by 2025, according to a new report by Grand View Research, Inc.

Liquid ammonia segment dominated the market in 2016. It is majorly used in fertilizer and industrial & household cleaning applications. Ammonia is a colorless and pungent alkaline gas composed of hydrogen and nitrogen. It is an essential gas, which is used in various biological processes and industrial applications. It causes irritation to the eyes, skin, nose, lungs, and throat. Globally governments have established various safety-related regulations associated with the production, usage, and transportation of the product. The regulations also provide some directives for the equipment and methods used during the production process and handling of ammonia.

Ammonia Market

To Know More About Ammonia Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/ammonia-market

Globally, the gap between supply & demand of the product is gradually becoming surplus, hence resulting in continuous price fluctuations. This gap is mainly due to continuous capacity additions, especially in Southeast Asia (China and Indonesia), Middle East, Central & South America, and the U.S. The continuous increase in capacity additions and weakening of the demand owing to lower crop prices, poor economic prospects, fluctuating energy prices, and rising competition are anticipated to be the major challenges for the industry over the forecast period.

Top Players of Ammonia Market

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

Market Segmentation of Ammonia Market

Global Ammonia Market Segmented on the basis of Product Form and Application.

By Product Form

•    Liquid
•    Gas
•    Powder

By Application

•    Fertilizers
•    Refrigerants
•    Pharmaceuticals
•    Textile
•    Others

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