The latest report published by IMARC Group, titled “Ammonia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on ammonia market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global ammonia market size reached US$ 75.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 103.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
Ammonia is a colorless, pungent-smelling gas composed of nitrogen and hydrogen atoms. It is one of the essential compounds in the field of chemistry and industry, playing diverse roles in various applications. It is primarily produced through the Haber-Bosch process, which involves the reaction of nitrogen gas from the air and hydrogen gas from natural gas or other sources under high pressure and temperature. This synthesis process yields ammonia, a crucial precursor for the production of fertilizers, such as ammonium nitrate and urea. Fertilizers containing ammonia help enhance crop growth and agricultural productivity by providing essential nitrogen nutrients to plants. In addition to agriculture, ammonia serves as a vital ingredient in the manufacturing of chemicals and materials. It’s utilized in the production of plastics, synthetic fibers, explosives, including TNT, and cleaning products.
Request to Get the Sample Report: https://www.imarcgroup.com/ammonia-market/requestsample
Market Trends:
The ammonia market is driven by the rising demand for fertilizers, as ammonia is a crucial component in the production of nitrogen-based fertilizers. The agricultural sector’s constant need to enhance crop yields to feed a growing population propels the ammonia market, as fertilizers derived from ammonia play a critical role in improving soil fertility and plant growth. Industrial applications also contribute to the growth of the ammonia market. Ammonia is a key raw material in the production of chemicals, such as urea, ammonium nitrate, and other nitrogen-based compounds. Furthermore, ammonia’s versatility is evident in its potential use as a hydrogen carrier for fuel cells and its role in emission reduction technologies like selective catalytic reduction (SCR) systems, which reduce nitrogen oxide emissions from combustion processes.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/ammonia-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Achema AB
- BASF SE
- CF Industries Holdings Inc.
- Koch Industries Inc.
- Linde plc
- Nutrien Ltd
- OCI N.V.
- Orica Limited
- PJSC Togliattiazot
- Saudi Basic Industries Corporation
- Yara International ASA
Ammonia Market Segmentation:
Our report has categorized the market based on region, physical form, application, and end use industry.
Breakup by Physical Form:
- Liquid
- Powder
- Gas
Breakup by Application:
- MAP and DAP
- Urea
- Nitric Acid
- Ammonium Sulfate
- Ammonium Nitrate
- Others
Breakup by End Use Industry:
- Agrochemical
- Industrial Chemical
- Mining
- Pharmaceutical
- Textiles
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
