What is Ammonia Market?
Ammonia is an inorganic compound of nitrogen and hydrogen. Ammonia is a colorless gas with a district pungent smell. Biologically ammonia is a common nitrogenous waste. Ammonia is used in industry and commerce, and also exists naturally in humans and in the environment. Industrial ammonia refrigeration system is used for large-scale operations Ammonia is also used as a refrigerant gas, for purification of water suppliers, and in the manufacture of plastics, textiles, explosives, and other chemicals. Ammonia binds airborne nitrogen and makes the most important crop nutrient, nitrogen, available for nitrogen fertilizer production. Ammonia also uses in agricultural industries. It is used in the production of liquid fertilizer solutions consisting of compounds like ammonium nitrate, salts, urea, and others. Raising Awareness about its associated benefits among manufacturers of fertilizers and refrigerants this factor is driving the ammonia market. Higher concentrations of ammonia may cause severe injury this factor may restraint the market
Highlights from Ammonia Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Mosaic Company (United States), BASF SE (Germany), Koch Industries Inc. (United States), Gulf Petrochemical Industries Co. (BSC) (Bahrain), Green Valley Chemical (United States), Pride-Chem Industries (Singapore), Yara (Norway), Dyno Nobel Inc (United States), MITSUI & CO., LTD (Japan), KBR Inc (United States) and IFFCO (India)|
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior-quality products to cater to the ever-growing demand for Ammonia. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Ammonia market throughout the forecasted period. Mosaic Company (United States), BASF SE (Germany), Koch Industries Inc. (United States), Gulf Petrochemical Industries Co. (BSC) (Bahrain), Green Valley Chemical (United States), Pride-Chem Industries (Singapore), Yara (Norway), Dyno Nobel Inc (United States), MITSUI & CO., LTD (Japan), KBR Inc (United States) and IFFCO (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Nutrien Ltd (Canada), SABIC (Saudi Arabia), OCI N.V. (Netherlands), QAFCO (Qatar), Hemmat Petrochemical Company (Iran), Alfa Laval (Sweden), CF Industries Holdings, Inc. (United Kingdom), KMG Chemicals (United States), Spectrum Chemical (United States), Brenntag North America, Inc. (United States), Tritech Catalyst & Intermediate Pvt. Ltd. (India), GFS Chemicals, Inc. (United States) and Thatcher Company (United States).
Ammonia Market Segmentation:
|Application / End User||Chemical intermediate, Acid Neutralizer, Flavour Enhancer and Others|
|Sales Channel||Direct Sales,Indirect sales,Speciality Stores,E-Commerce|
|Industrial Verticals ||Chemical,Pharmaceuticals,Food and Beverage,Cosmetics & personal care,Agriculture,Others|
On the basis of geography, the market of Ammonia has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Growing demand for Ammonia in the agriculture industry
Market Growth Drivers:
Ammonia-based refrigerate system requires less electricity, and Raising awareness about its associated benefits among manufacturers of fertilizers and refrigerants
High Cost and limited availability of low-carbon ammonia
Higher concentrations of ammonia may cause severe injury, and Growing demand for organic chemicals by end-users Industries
Clear ammonia use as a fuel creates more opportunities
Key Target Audience
Manufacturers, Suppliers, Governments regulatory, Industry Experts and Others
Market Leaders & Development Strategies
In May 2022, Alfa Laval has acquired patented technology from the Danish company RenCat to reform Hydrogen from ammonia.
In April 2022, Yara international and Azane Fuel solutions launched the world’s carbon-free bunking network delivering green ammonia fuel to the shipping industry. Yara International and Azane Fuel Solutions have signed a commercial agreement to establish a carbon-free ammonia fuel bunker network in Scandinavia. The ammonia bunker terminals will be designed and constructed by Azane Fuel Solutions and delivered to Yara