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Showing posts with the label Ammonia Market Trend

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. Amm