Data Bridge Market Research analyses that the ammonia market will witness a CAGR of 4.50% for the forecast period of 2021-2028. Rising consumption of protein rich diets and growth and expansion of the fertilizers industry are the two major factors attributable to the growth of ammonia market.
Also known as azane, ammonia is a compound of hydrogen and nitrogen. Ammonia has a pungent smell and is colourless in nature. Ammonia acts as a supplement in many food items and fertilizers. Ammonia is soluble in water and is used in a wide range of applications such as agriculture, textile, mining process, refrigeration, industrial chemicals, agrochemical, explosives, fertilizers, fibres and plastics, pharmaceutical drugs, pulp and paper and others. Apart from these, ammonia is used in various household applications as well since these easily evaporate. Anhydrous ammonia and aqueous ammonia are the two general types of ammonia. However, exposure to the high concentrations of ammonia in the air can be harmful. It can lead to the burning of eyes, nose, throat and respiratory tract. It can also lead to various lung problems and blindness.
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Rising focus on the consumption of energy will directly and positively impact the demand for ammonia. Upsurge in the use of ammonia in fertilizers and agricultural products coupled with the overall growth and expansion of fertilizers industry is one of the major factors fostering the market growth. Rising need and demand for ammonia in refrigeration will further create remunerative opportunities for the market. Rising personal disposable income is another indirect market growth determinant.
However, hazardous effects of ammonia over the human health and rising awareness about its harmful effects will pose a major challenge to the market growth. Stringent rules and regulates associated with the application of ammonia will further create hindrances for the growth of the market. Fluctuations in the prices of natural gas will further derail the market growth rate.
This ammonia market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on ammonia market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Ammonia Market Scope and Market Size
The ammonia market is segmented on the basis of form, product type, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of form, the ammonia market is segmented into liquid, gas, powder and others.
On the basis of product type, the ammonia market is segmented into anhydrous ammonia and aqueous ammonia.
On the basis of application, the ammonia market is segmented into mono-ammonium phosphate, di-ammonium phosphate, urea, nitric acid, ammonium sulphate, ammonium nitrate and others.
On the basis of end- user, the ammonia market is segmented into agriculture, textile, mining, refrigeration, industrial chemicals, agrochemical, explosives, fertilizers, fibres and plastics, pharmaceutical, pulp and paper and others.
Global Ammonia Market Country Level Analysis
The ammonia market is analysed and market size, volume information is provided by country, form, product type, application and end- user as referenced above.
The countries covered in the ammonia market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Global Ammonia Market, By Form (Liquid, Gas, Powder and Others), Product Type (Anhydrous Ammonia and Aqueous Ammonia), Application (Mono-ammonium Phosphate, Di-ammonium Phosphate, Urea, Nitric Acid, Ammonium Sulphate, Ammonium Nitrate and Others), End-User (Agriculture, Textile, Mining, Refrigeration, Industrial Chemicals, Agrochemical, Explosives, Fertilizers, Fibres and Plastics, Pharmaceutical, Pulp and Paper and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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