The rising demand for food on the backdrop of an increasing global population is projected to drive the demand for ammonia. Growth in fertilizer industry and increasing consumption of protein rich diets are the major factor for the growth of this market. By the sales channel, the market is divided into direct channel and distribution channel. Some of the common fertilizers produced through ammonia include urea, ammonium nitrate, ammonium sulfate, ammonium phosphate, diammonium phosphate, monoammonium phosphate, nitric acid, sodium bicarbonate, and sodium carbonate. The global ammonia market size was worth USD 48.65 billion in 2016. Global Ammonia Market is projected to register a CAGR of 4.02% to reach USD 68,354.5 Million by the end of 2028. Around 60% of the ammonia produced is consumed by the fertilizer industry. The key market driver for ammonia market is growing demand from the agriculture end-use industry due to increased use of ammonia as fertilizers for crop production. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Ammonia Market, including the high-growth regions, countries and their political, economic and technological environments. What is the application segment of the global ammonia market expected to witness the highest growth? The liquid form segment was valued at USD 19,821.3 million in 2018. Its chemical formula is NH3 in the un-ionized state and NH4+ in the ionized form. Thus, the increasing demand for food coupled with the growing consumption of protein-rich diets, fruits, and vegetables is expected to boost the demand for fertilizers in the agricultural industry., Global Ammonia Market Revenue, By Application, (USD Million) , Sources: MRFR Analysis, Segmentation, Global Ammonia has been segmented on the basis of Form, Sales Channel, Application and Region., Global Ammonia Market has been categorized based on three forms, namely liquid, gas, and powder. Fertilizer is the largest end use sector and currently represents the biggest driver of ammonia in the country. Moreover, the liquid form of ammonia is applied to the soil by the surface injection method. Moreover, the liquid form of ammonia is applied to the soil by the surface injection method. reach USD 68,354.5 Million by the end of 2028. Market Analysis: Global Ammonia Market . Global Ammonia Market is projected to be valued at USD 68,354.5 Million by 2028 registering a CAGR of … The Global Ammonia Market has been studied across five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. This report is from Market Research Future (MRFR) that published a recent study report asserts that the Global Ammonia Market will be valued exponentially by … Global Anhydrous Ammonia Fertilizer Market is estimated to be valued US$ XX.X million in 2019. Among these, the liquid form segment accounted for more than 40% of the global market share in 2018; and is projected to register a CAGR of 4.08% during the assessment period. The need for Ammonia is gradually rising due to constraining factors such as rising global population, increasing food demand and decreasing arable land, among others. Ammonia is a nutrient that contains nitrogen and hydrogen. Market Snapshot. The market in Asia-Pacific held the largest market share of over 50% in 2018, with a market value of around USD 24,798.0 million. Pune, India, August 2020, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Ammonia Market.. Market Highlights. Source: MRFR Analysis. It quickly vaporizes but is captured by soil and water. The global Ammonia market was valued at US$ XX.X Mn in 2018 and is projected to increase significantly at a CAGR of x.x% from 2019 to 2028. The rising demand for ammonia in the fertilizer industry is expected to boost industry growth. Around 60% of the ammonia produced is consumed by the fertilizer industry. Key Players operating in the Global Ammonia Market include Yara (Norway), CF Industries Holdings Inc. (US), Nutrien Ltd. (Canada), Group DF (Ukraine), OCI NV (Netherlands), EuroChem Group AG (Switzerland), SABIC (Saudi Arabia), Acron (Russia), Orica Limited (Australia), Uralchem JSC (Russia), AB ”Achema” (Lithuania), Togliattiazot (Russia), Indian Farmers Fertiliser Cooperative Limited (India), Qatar Fertiliser Company (Qatar), and Koch Fertilizer, LLC (US). This is attributed to the high demand for the product in almost all the major applications such as refrigerants, chemicals, and pharmaceuticals. Ltd.), Industrial Motors, Pumps, And Control Devices, Power Generation, Transmission And Distribution, Ice, Electric, Hybrid, Autonomous Vehicles. Geographically, the Ammonia Market span across regions namely, Europe, Asia … Global Ammonia Market has been segmented on the basis of Form, Sales Channel, Application and Region. Market Overview Market Research Future (MRFR) projects that the global ethernet PHY chip market is set to expand at 10.3% CAGR between 2020 and 2026. A few eminent market players operating in the global ammonia market are Yara (Norway), CF Industries Holdings Inc. (US), Nutrien Ltd. (Canada), among others. Growing Demand for Food Coupled with Rising Population to Drive the Demand for Ammonia as a Fertilizer : Pune, India, August 2020, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the, Global ammonia market is projected to reach a value of USD. The report contains data of the base year 2018 and historic year 2017. What is the projected market value of the global ammonia market? Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Ammonia market. It quickly vaporizes but is captured by soil and water. Market Snapshot. The global demand for ammonia is mainly driven by the growth of the fertilizer industry. The direct sales channel segment is expected to secure the highest CAGR. The fertilizer segment is slated to expand as the fastest-growing segment. Growing Demand For Food Coupled With Rising Population To Drive The Demand For Ammonia As A Ferti... Dimethyl Ether (Dme) Market Research Report Forecast To 2023, Anti Slip Coatings Market Research Report – Global Forecast Till 2023, Calcium Carbonate Market Research Report Forecast Till 2023, Ferric Chloride Market Research Report Global Forecast Till 2024, © 2020 Market Research Future®(Part of WantStats Research And Media Pvt. It is mainly produced using natural gas, the Haber process, in which nitrogen and hydrogen react in the presence of an iron catalyst to form ammonia. 12, 2018 , 2:00 PM. The product is also the building block for the world nitrogen industry. According to the new market research report published by MarketsandMarkets™, the Green Ammonia Market size will grow to USD 852 million by 2030 from USD 11 million in 2020, at a CAGR of 54.9% during 2020 to 2030. in wise erudition and better decision making. By Robert F. Service Jul. Which factors are poised to drive the market growth? The global ammonia market is segmented on the basis of type, application, and geography. 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