Ammonia Market 2019 | Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2022

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Ammonia Market Research Report - Forecast to 2022
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2022
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Ammonia Market Research Report- Forecast to 2022
Ammonia Market - Overview
The Global Ammonia Market is predicted to
demonstrate 4.2 CAGR during the forecast period
(2016-2022) owing to the fertilizer industry,
asserts Market Research Future (MRFR). Ammonia is
referred to as a nutrient which consists of
hydrogen and nitrogen. While in an ionized state,
the chemical formula of ammonia is NH4, its
formula is NH3 in the un-ionized state. A
colorless alkaline gas possessing pungent odor
and sharp smell, ammonia is utilized in several
industries like pharmaceuticals, fertilizers,
household, refrigerants, food, and others. The
compound is mainly used to manufacture urea,
ammonium sulfate, and ammonium phosphates. Drivers
and Constraints Impacting the Market The Global
Ammonia Market is estimated to expand at a fast
pace owing to several driving factors. With the
ever-increasing population, rising disposable
income in developing economies such as Brazil,
Indonesia, and India, are triggering the demand
for agricultural products. This is likely to fuel
the market growth during the estimated period.
Also, a shift in dietary consumption in developed
regions are estimated to drive the market growth.
The abundant use of ammonia in the agricultural
industry is predicted to foster the market growth
in the coming years. Being a valuable source of
nitrogen, ammonia is one of the majorly used raw
materials in the production of fertilizers.
Ammonia is also used in the manufacturing of
liquid fertilizer solutions which consist of
ammonium nitrate, aqua ammonia, and urea. With
the change in agricultural techniques, the use of
ammonia has increased in the past few years. The
accelerating focus on the consumption of energy
is predicted to fuel the ammonia usage as a
refrigerant in order to offer safe and
sustainable energy saving refrigeration. As a
part of the natural refrigerants, ammonia is
recognized as the most ecologically friendly
refrigerant. It possesses zero Ozone Depletion
Potential and Global Warming Potential, thereby
triggering the market growth globally. On the
flip side, the augmenting price of natural gas is
considered to dampen the market growth during the
appraisal period. As ammonia possesses
hygroscopic nature, it migrates to the moist
areas of the body such as the nose, eyes, moist
skin, and throat and can lead to severe burn
injuries. Also, respiratory and skin-related
diseases are caused by exposure and higher
concentrations of ammonia. Such factors are
predicted to inhibit the market growth in the
coming years.
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Ammonia Market Research Report- Forecast to 2022
Segmental Analysis
The Global Ammonia Market has been segmented on
the basis of Form and Application. By Mode of
Form, the Global Ammonia Market has been
segmented into powder and liquid. Among these,
the liquid ammonia is likely to occupy a larger
market share as it is a major source for nitrogen
fertilizers as is the preferred source for
producing highly concentrated nitrogen
fertilizers. Liquid ammonia is also used in
cleaning applications as well as a refrigerant.
It is slowly replacing CFC owing to global
warming and ozone layer depletion. Such factors
are anticipated to fuel the liquid form in the
coming years. By Mode of Application, the Global
Ammonia Market has been segmented into
pharmaceuticals, fertilizers, household,
refrigerants, food, and others. Among these, the
fertilizer segment is estimated to expand at a
faster pace during the appraisal period owing to
the growth in agricultural activities due to the
accelerating population. Access Full Report
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ia-market-2405
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Ammonia Market Research Report- Forecast to 2022
Regional Outlook
Geographically, the Ammonia Market span across
regions namely, Europe, Asia Pacific, North
America, and Rest-of-the-World (RoW). Among all
the regions, the Asia Pacific region is
considered to experience the fastest growth rate
owing to the increasing pharmaceuticals and
fertilizers industry. As the region covers almost
60 to 65 of the worlds population, the region
is predicted to face issues regarding food
insufficiency in the coming years. This will
further result in the increasing need for food
production. The use of ammonia in the
agricultural sector will increase the
productivity of food. In the last few years,
there has been an increase in the expansion
activities in the ammonia market in this region
owing to the efforts made by the companies in
order to meet the augmenting demand for
ammonia-based fertilizers. The North American
region is considered one of the major producers
of ammonia. With natural gas covering over the
maximum percentage of the nitrogen fertilizer
production cost, the availability of low-priced
natural gas is predicted to drive the market in
this region.
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Ammonia Market Research Report- Forecast to 2022
Major Players in this Research

• Ammonia Market Prominent Players
• BASF
• Potashcorp
• Yara International
• CF Industries
• Group DF
• Togliatti
• OCI Nitrogen
• Agrium
• Sabic
• Koch Fertilizer

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