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 report. 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 compound consisting of nitrogen and hydrogen, presented as NH3, and is a crucial building block in the chemical industry. It serves as a vital intermediate product for a variety of chemicals, the most common being nitrogen-based fertilizers, which account for a significant portion of its global usage. Additionally, ammonia is used in the manufacturing of plastics, fibers, explosives, and other chemicals. It is also increasingly being examined for its potential role in energy storage and as a cleaner fuel option. In household applications, it serves as a cleaning agent. Due to its multifaceted applications and central role in modern agriculture and industry, ammonia is indispensable in a variety of settings. Its production typically involves the Haber-Bosch process, which synthesizes ammonia from nitrogen and hydrogen gases.

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Market Trends:

The global ammonia market is driven by the increasing demand for fertilizers, particularly in developing countries where agricultural output is a critical aspect of economic growth. This is closely followed by the rising application of ammonia in the industrial sector for the production of various chemicals. Innovations in ammonia-based energy solutions, like ammonia fuel cells, also present new avenues for market expansion. Regulatory frameworks advocating for cleaner industrial processes are causing a shift towards greener production methods, which is likely to benefit the ammonia market. The push towards sustainability is further opening doors for ammonia as a potential alternative to fossil fuels in various applications, including transportation. Global initiatives aimed at food security also play a role, as ammonia-based fertilizers are essential for crop yield enhancements.

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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.

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