Quick Summary:
In an ever-evolving global economy, staying competitive necessitates a thorough understanding of key market trends and forecasts. Those in industrial markets will find great value in our recent market report on the global production of Ammonia. The study provides an extensive overview of the industry's drivers and future prospects, offering a valuable resource for strategic decision-making.
Driven largely by its extensive use in the agriculture and fertilizer sector, the global ammonia market is experiencing substantial growth, with expectations to more than double in tonnage within the forecast period. Ammonia's role in enhancing crop yield and agricultural productivity cannot be overstated as world population and food consumption continues to increase. The pharmaceutical sector is another rising driver, using ammonia for respiratory stimulation and as an antibacterial agent in drug production. The compound's derivatives also find widespread use in various household and commercial cleaning applications.
In regional terms, the Asia Pacific holds a commanding share of both consumption and production of the commodity, with robust growth predicted in the foreseeable future. This is primarily due to burgeoning population numbers driving demand for increased crop production and the agriculture sector's growing reliance on fertilizers to maintain optimal crop health. Europe also boasts a significant share of the market, primarily due to the region's focus on enhancing energy production and reducing CO2 emissions. Companies across diverse sectors like textiles, pharmaceutical, refrigeration, etc., stand to benefit immensely from understanding this market dynamic.
This Ammonia market report serves as a comprehensive guide to discern key trends, market leaders, and potential avenues for growth. Industry stakeholders who are keen on maintaining an edge in their respective fields and keeping consistently updated on global market developments will find the report indispensable.
The global Ammonia market has reached around 167 million tonnes in 2021 and is expected to grow at a CAGR of 7.22% during the forecast period until 2030.The Global Ammonia Market Has Reached Around 167 Million Tonnes in 2021 and is Expected to Grow at a CAGR of 7.22% During the Forecast Period Until 2030
Ammonia is a colorless gas with a characteristic smell. On the industrial level, Ammonia is mainly obtained from Haber Process. In this process, atmospheric nitrogen is combined with gaseous hydrogen under high pressure and temperature using a catalyst. Also, Ammonia can be generated using coal. Ammonia is used as a raw material for manufacturing nitrogen fertilizer. Furthermore, this chemical is utilized for applications like air conditioner refrigeration, plastics, detergents, explosives, pesticides, etc.
The global Ammonia market is primarily driven by its application in the Agriculture & Fertilizers sector. in 2021, this industry consumed greater than 60% of the global Ammonia market. Regarding crop yield and agricultural productivity, the fertilizer sector is crucial. The usage of nitrogenous fertilizers is primarily in the agriculture sector. Fertilizer sales are projected to increase as a result of the expanding world population and rising food consumption. The global Ammonia market is expected to reach around 310 million tonnes by 2030. Furthermore, the application of Ammonia in the Pharmaceutical sector as a respiratory stimulant, as neutralizing agent, and for manufacturing drugs due to its anti-bacterial nature further propels the demand for Ammonia. Numerous household cleaning and disinfection products contain the active component ammonium hydroxide, a derivative of Ammonia. It is used to clean various surfaces, such as countertops, basins, bathtubs, floors, and others, which further contributes to the market expansion of global Ammonia.
The region of Asia Pacific demands the most significant volume of Ammonia on the global level. In 2021, this region accounted for the consumption of more than 40% of Ammonia on a global level. Additionally, it is anticipated that Ammonia's demand in this will increase at a higher CAGR over the course of the projection period due to factors such as population growth, resulting in rising demand for crop production, and the agriculture sector's growing reliance on fertilizers for healthy production of crops. Europe is also a prominent consumer of Ammonia, the demand primarily driven by energy production purposes. Currently, increasing energy efficiency and having the lowest CO2 emissions are being invested in by businesses. Based on production, the Asia Pacific region dominates the ammonia market, accounting for around 30% of global capacity in 2021.
Based on the end-user industry, the Ammonia market is segmented into sectors like Agriculture & Fertilizers, Textiles, Pharmaceutical, Explosives, Refrigeration, and Others. However, the Agriculture and Fertilizers Industry is the biggest end-user market of Ammonia. Furthermore, other industries like Textiles & Pharmaceutical are multiplying in the forecast period.
Significant companies for Global Ammonia are CF Industries, Nutrien, Jinmei Group, Yihua Group, Qatar Fertilizer Co (QAFCO), PetroChina Group, TogliattiAzot, EuroChem Group, Acro Group, Yangmei Group, Parsian Oil and Gas Development Group Co., and Indian Farmers Fertiliser Co-operative Limited (IFFCO).
Years considered for this report:
- Historical Period: 2015- 2021
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2030
The objective of the Study:
- To assess the demand-supply scenario of Ammonia, which covers the production, demand, and supply of Ammonia around the globe.
- To analyze and forecast the market size of Ammonia.
- To classify and forecast the Global Ammonia market based on end-use and regional distribution.
- To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., for the Ammonia market.
The publisher calculated Ammonia demand around the globe by analyzing the historical data and demand forecast, which was carried out considering the production of raw materials to produce Ammonia. The publisher sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, such as company websites, association reports, annual reports, etc., were also studied by the publisher.
Key Target Audience:
- Ammonia manufacturers and other stakeholders
- Organizations, forums, and alliances related to Ammonia distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
Report Scope:
In this report, Global Ammonia market has been segmented into following categories, in addition to the industry trends which have also been detailed below:- Market, by End-use: Agriculture & Fertilizers, Textiles, Pharmaceutical, Explosives, Refrigeration, and Others.
- Market, by Sales Channel: Direct Sale and Indirect Sale
- Market, by Region: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.Table of Contents
Methodology
LOADING...
