Uploaded on Jun 7, 2021
Ammonia Market Size, Growth Factor, Key Players, Regional Demand, Trends and Forecast To 2027
Ammonia Market
Ammonia Market Size, Growth Factor, Key Players, Regional Demand, Trends and Forecast
To 2027
Market Overview
Ammonia (NH3) is a compound composed of one nitrogen and three hydrogen atoms. It is usually
found as a gas. It is colorless, highly soluble in water, and has a pungent odor. Ammonia is essential
for many biological processes and serves as a precursor for amino acid and nucleotide synthesis.
Ammonia is produced naturally through the breakdown of organic waste matter in the environment.
It is used in fertilizer, chemical, pharmaceutical, pulp and paper, mining, fiber, and plastics
industries. The feedstock used for ammonia production are natural gas and fuel oil.
Increasing demand for fertilizers in the agriculture sector is the major driving factor for the growth
of global ammonia market across owing to increasing production capacity of ammonia across the
globe this factor driving the market. For instance, according to the International Fertilizer Industry
Association (IFA), ammonium production on the basis of region North America and South Asia
accounted for 70% of overall capacity growth in forecast period (2017-2021).
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Market Dynamics
Increasing demand for ammonia in end-use industries such as water treatment, textile, plastic, and
chemical is driving growth of the global ammonia market. Ammonia is also used as a refrigerant
gas for the purification of water supplies. As ammonia is used in the manufacturing of synthetic
textile fibers such as nylon, rayon, and acrylics thus its demand in textile industry has positively
impact on the global ammonia market. For instance, according to the India Brand Equity
Foundation (IBEF), Indian textile market has increased from US$ 99 Billion in 2014 to US$137
Billion in 2016 and exhibited a CAGR of 17.6% during the period 2014-2016.
However, the higher concentrations of ammonia in the air causes severe injuries and burns are the
factors which restraint growth of ammonia market. Contact with concentrated ammonia solutions
such as industrial cleaners can cause corrosive injuries including skin burns, blindness or permanent
eye damage.
Detailed Segmentation:
• Global Ammonia Market, By Form:
•Liquid
•Gas
•Powder
• Global Ammonia Market, By Application:
•Fertilizers
•Refrigerants
•Cleansing Agents
•Explosives
• Global Ammonia Market, By End-use Industry:
•Agriculture
•Pharmaceutical
•Textile
•Chemical
•Plastics
•Pulp and Paper
•Others (Mining, Water Treatment, etc.)
Key companies covered as a part of this study 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 among others
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