Ammonia Market Analysis of Sales, Revenue, Share and Growth Rate to 2021
Ammonia Market - Global Ammonia Industry Growth, Analysis, Size, Share, Forecast, Outlook, Segmentation, Production Capacity, Competitive Strategies, Regional Outlook
Ammonia Market - Global Ammonia Industry Growth, Analysis, Size, Share, Forecast, Outlook, Segmentation, Production Capacity, Competitive Strategies, Regional Outlook
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<strong>Ammonia</strong> <strong>Market</strong> <strong>Analysis</strong> <strong>of</strong> <strong>Sales</strong>, <strong>Revenue</strong>, <strong>Share</strong> <strong>and</strong><br />
<strong>Growth</strong> <strong>Rate</strong> <strong>to</strong> <strong>2021</strong><br />
<strong>Ammonia</strong> <strong>Market</strong> report includes in-depth analysis <strong>of</strong> industry by recent<br />
technologies, trends, opportunities, challenges, key players <strong>and</strong> business<br />
strategies considering types, segment <strong>and</strong> future analysis.<br />
Global <strong>Ammonia</strong> <strong>Market</strong> is segmented on the basis <strong>of</strong> form, application <strong>and</strong> geography.<strong>Ammonia</strong> is a nutrient that<br />
contains nitrogen <strong>and</strong> hydrogen. Its chemical formula is NH3 in the un-ionized state <strong>and</strong> NH4+ in the ionized form.<br />
Total ammonia is the sum <strong>of</strong> both NH3 <strong>and</strong> NH4+.<br />
<strong>Ammonia</strong> is a colourless alkaline gas a with sharp <strong>and</strong> pungent odour <strong>and</strong> is used in several industries such as<br />
refrigerants, household, pharmaceuticals, fertilizers <strong>and</strong> food.Firstly, ammonia is used in nutritional needs <strong>of</strong> terrestrial<br />
organisms by serving as a precursor <strong>to</strong> foodstuffs <strong>and</strong> fertilizers.<br />
<strong>Ammonia</strong> is used directly or indirectly, in building block for synthesis <strong>of</strong> many pharmaceuticals. In certain organisms,<br />
ammonia is produced from atmospheric N2 by enzymes called nitrogenizes. The overall process is called nitrogen<br />
fixation. <strong>Ammonia</strong> is also a metabolic product <strong>of</strong> amino acid deamination it is commonly used in aquatic animals. In<br />
humans, it is quickly converted <strong>to</strong> urea which is much less <strong>to</strong>xic.<br />
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The market is anticipated <strong>to</strong> grow at faster pace due <strong>to</strong> fertilize industry, rise in population <strong>and</strong> increase in disposable<br />
income in various developing country such as Brazil, India <strong>and</strong> Indonesia are increasing their dem<strong>and</strong> for agriculture<br />
products for better lifestyle are driving the market.<br />
In addition, trend shift in dietary consumption in many developed regions are one <strong>of</strong> the fac<strong>to</strong>rs that are driving the<br />
market. However,the rise in cost <strong>of</strong> natural gas price is expected <strong>to</strong> hinder the market growth.<br />
On the basis <strong>of</strong> form, the global ammonia market is segmented in<strong>to</strong> liquid <strong>and</strong> powder. Based on application, the global<br />
ammonia market is segmented in<strong>to</strong> fertilizers, refrigerants, pharmaceuticals, household, food <strong>and</strong> so on.<br />
In application the “fertilizing” sec<strong>to</strong>r is growing at faster pace <strong>and</strong> is anticipated <strong>to</strong> peg in million bench mark in the<br />
coming years. The fertilizing industry is booming due <strong>to</strong> increase in population <strong>and</strong> increase in quality food intake<br />
throughout the world is adding the market. The second largest market for ammonia is “pharmaceuticals” sec<strong>to</strong>r in the<br />
recent years.<br />
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The sec<strong>to</strong>r is exp<strong>and</strong>ing due <strong>to</strong> ammonia is used in various pharmaceuticals sec<strong>to</strong>rs namely from insulin’s <strong>to</strong><br />
manufacturing drugs which inhibit the growth <strong>and</strong> multiplications <strong>of</strong> certain types <strong>of</strong> bacteria <strong>and</strong> many others.On the<br />
basis <strong>of</strong> geography, the global ammonia market is segmented in<strong>to</strong> Asia Pacific, North America, Europe, Latin America<br />
<strong>and</strong> Middle East & Africa.<br />
Asia Pacific is one <strong>of</strong> the fastest growing markets due <strong>to</strong> fertilizers <strong>and</strong> pharmaceuticals industries. Asia Pacific region<br />
covers <strong>of</strong> more than 60% <strong>to</strong> 65% <strong>of</strong> the world’s population <strong>and</strong> is anticipated <strong>to</strong> increase in coming years due <strong>to</strong> which<br />
the country would be facing issues <strong>of</strong> food in-sufficiency in the coming years. This would directly result in increasing<br />
<strong>and</strong> generating the need <strong>of</strong> food production. Use <strong>of</strong> ammonia in agriculture sec<strong>to</strong>r has proven <strong>to</strong> be an effective way<br />
<strong>to</strong> increase food productivity.<br />
The ammonia worldwide is most extreme requested in Asia Pacific nations, because <strong>of</strong> l<strong>and</strong> fragmentation, people/<br />
farmers are left with little l<strong>and</strong> property. The need <strong>to</strong> get greatest yield from accessible area assets has produced <strong>and</strong><br />
will promote the need <strong>of</strong> ammonia utilization in farms.<br />
The global key players <strong>of</strong> ammonia market are Terra Industries, Agrium Inc., Koch Nitrogen Company, CF Industries<br />
Inc., BASF SE, Potash Corporation <strong>of</strong> Saskatchewan Inc., Yara International, Group DF, Togliatti, OCI Nitrogen, Agrium,<br />
Sabic, <strong>and</strong> Koch Fertilizer.<br />
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