Ammonia Market to Surpass US$ 72.28 Billion by 2025

Published On : Sep 12, 2018

The global ammonia market was valued at US$ 48.5 billion in 2016 and is expected to reach US$ 72.28 billion by 2025, witnessing a CAGR of 5.4% over the forecast period (2018 - 2025), according to Ammonia Market Report, by Form (Liquid, Gas, and Powder), by Application (Fertilizers, Refrigerants, Cleansing Agents, and Explosives), by End-use Industry (Agriculture, Pharmaceutical, Textile, Chemical, Plastics, Pulp and Paper, and Others (Mining, Water Treatment, etc.)), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), published by Coherent Market Insights.

Increasing demand for ammonia as a cleansing agent in household application is driving growth of the global ammonia market. Household ammonia is a solution of NH3 in water that is ammonium hydroxide, which is used as cleaners for many surfaces. Ammonia results in a relatively streak-free shine. The most common use of cleaners is to clean glass, stainless steel, and porcelain. Household ammonia ranges in concentration by weight from 5 to 10% ammonia. Furthermore, rising ammonia production capacity is positively affecting the market growth. For instance, according to the International Fertilizer Industry Association (IFA), global ammonia capacity is projected to grow by 16% as compared to 2014, to 250 Mt NH3 in 2019. The main additions to capacity will be in East Asia (China and Indonesia), Eastern Europe & Central Asia (Russia), North America (the U.S.), and Africa (Algeria, Egypt, and Nigeria).

However, higher concentrations of ammonia in the air may cause severe injuries and burns. Contact with concentrated ammonia solutions such as industrial cleaners may cause corrosive injury including skin burns, permanent eye damage or blindness.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/ammonia-market-2157

Key Trends and Analysis of the Ammonia Market:

Among form, liquid segment held significant position in the global ammonia market in 2017, owing to increasing demand for liquid form of fertilizers in the agriculture industry and as cleaning agent in household applications. For instance, according to Coherent Market Insights’ analysis, organic fertilizers market was valued at US$ 6.15 billion in 2016 and is expected to reach US$ 12.26 billion by 2025, at a CAGR of 8.27% over the forecast period.

Among application, fertilizers segment held significant market share in 2017 due to high demand for ammonia in fertilizers. Among all the processes in the fertilizer industry, production of nitrogenous fertilizers is the most energy intensive process. Ammonia is used as the basic chemical in the production of nitrogenous fertilizers. Globally, over 80% of all ammonia manufactured is used in the production of nitrogenous fertilizers and urea is the main nitrogenous fertilizer manufactured in India. The feedstock used for ammonia production are natural gas, naphtha, and fuel oil.

Key Takeaways of the Market:

North America is expected to witness significant growth in the global ammonia market over the forecast period, owing to increasing production of ammonia in the region due to availability of natural gases. For instance, according to the United States Department of Agricultural (USDA), in 2017, ammonia was produced by 15 manufacturers in 16 states in the U.S. Around 50% of total ammonia production capacity was located in Louisiana, Oklahoma, and Texas due to the presence of large reserves of natural gas, the dominant domestic feedstock for ammonia. In 2017, the U.S. producers operated at around 75% of rated capacity. The U.S. was one of the world’s leading producers and consumers of ammonia. Urea, ammonium nitrate, ammonium phosphates, nitric acid, and ammonium sulfate were, in descending order of importance, the major derivatives of ammonia produced in the U.S.

Some of the key players operating in the global ammonia market include Yara International ASA, BASF SE, CF Industries Holdings, Inc., Nutrien Ltd., Potash Corporation of Saskatchewan Inc., Dangyang Huaqiang Chemical Co., Ltd., Shanxi Jinfeng Coal Chemical Co Ltd., GTS Chemical Holdings plc., Togliattiazot, OCI Nitrogen B.V., Agrium Inc., Sabic, and Koch Fertilizer, LLC.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave, 
#3200 
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

Coherent Market Insights Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.