Global Ammonia Market – Industry Trends and Forecast to 2026
Global Ammonia Market By Form (Liquid, Gas, Powder), Product Type (Anhydrous Ammonia, Aqueous Ammonia), Application (Mono-ammonium Phosphate, Di-ammonium Phosphate, Urea, Nitric Acid, Ammonium Sulphate, Ammonium Nitrate, Others), End- User (Agriculture, Textile, Mining, Refrigeration, Industrial Chemicals, Agrochemical, Explosives, Fertilizers, Fibers and Plastics, Pharmaceutical, Pulp and Paper, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
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Market Analysis: Global Ammonia Market
Global ammonia market is set to witness a substantial CAGR of 5.95% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Growth in fertilizer industry and increasing consumption of protein rich diets are the major factor for the growth of this market.
Market Definition: Global Ammonia Market
Ammonia is a colorless gas which is a compound of nitrogen and hydrogen. They are usually soluble in water and have very strong & sharp fragrance. They are usually used in many household cleaners and they have the ability to evaporate quickly. They are found in gas, powder and liquid form. Anhydrous ammonia and aqueous ammonia are two types of the ammonia. They are widely used in industries such as agrochemical, explosives and others. Increasing demand for fertilizers worldwide is the factor fuelling the growth of this market.
Market Drivers:
- Growth of agriculture industry will drive the market growth
- Increasing demand for organic fertilizer will propel the market growth
- Rising focus on energy consumption system is also driving the growth of this market
- Increasing disposable income will also contribute as a factor for the growth of this market
Market Restraints:
- Strict rules associated with the ammonia refrigeration system will restrain the market growth
- Increasing ammonia emissions from the agriculture industry will also hamper the market growth
- Rising awareness about the toxic nature of the ammonia is also acting as a factor restraining the market growth
- Fluctuation in the price of natural gas will also hamper the market growth
Global Ammonia Market Segmentation:
By Form
- Liquid
- Gas
- Powder
- Others
By Product Type
- Anhydrous Ammonia
- Aqueous Ammonia
By Application
- Mono-ammonium Phosphate
- Di-ammonium Phosphate
- Urea, Nitric Acid
- Ammonium Sulphate
- Ammonium Nitrate
- Others
By End- User
- Agriculture
- Textile
- Mining, Refrigeration
- Industrial Chemicals
- Agrochemical
- Explosives
- Fertilizers
- Fibers and Plastics
- Pharmaceutical
- Pulp and Paper
- Others
- Electronics
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- U.K.
- Belgium
- Spain
- Russia
- Turkey
- Netherlands
- Switzerland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Australia
- Singapore
- Malaysia
- Thailand
- Indonesia
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- UAE
- Saudi Arabia
- Egypt
- South Africa
- Israel
- Rest of Middle East and Africa
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Key Developments in the Market:
- In June 2019, KBR announced the launch of their ammonia plant monitoring technology. Ammonia Insite which will help the clients to improve their plant operation in real time. This will help the company in expanding its technology and consulting offerings providing better services to the plant operators. It will also advice the customer that whether any beneficial changes can be made to improve the performance.
- In September 2018, United Chemical Company Shchekinoazot announced the launch of their methanol and ammonia co-production plant which has the ability to produce 135,000 tons of ammonia and 450,000 tons of methanol per year and is based on Topsoe’s IMAP technology. This technology has the ability to reduce investment cost and operational cost as there is no CO2 removal and CO shift sections
Competitive Analysis: Global Ammonia Market
Global ammonia market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ammonia market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Ammonia Market
Few of the major competitors currently working in the global ammonia market are Yara, CF Industries Holdings, Inc., Nutrien Ltd., GROUP DF, OCI NV, EuroChem, SABIC, Orica Limited, URALCHEM JSC, AB “Achema”, PJSC «Togliattiazot», IFFCO, Qatar Fertiliser Company, Koch Fertilizer, LLC, Haldor Topsoe A/S, Trammo, Inc., OCI Nitrogen, MITSUBISHI GAS CHEMICAL COMPANY, INC, Praxair Technology, Inc., Linde, , LSB Industries and others
Research Methodology: Global Ammonia Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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