Ammonia Market
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<strong>Ammonia</strong> <strong>Market</strong> - Global Industry Insight,<br />
Trends, Outlook, and Opportunity Analysis 2017-<br />
2025<br />
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REPORT DESCRIPTION<br />
<strong>Ammonia</strong> <strong>Market</strong> Overview<br />
<strong>Ammonia</strong> (NH3) is a compound composed of one nitrogen and three hydrogen atoms. It is usually found as a gas.<br />
It is colorless, highly soluble in water, and has a pungent odor. <strong>Ammonia</strong> is essential for many biological<br />
processes and serves as a precursor for amino acid and nucleotide synthesis. <strong>Ammonia</strong> is produced naturally<br />
through the breakdown of organic waste matter in the environment. It is used in fertilizer, chemical,<br />
pharmaceutical, pulp and paper, mining, fiber, and plastics industries. The feedstock used for ammonia production<br />
are natural gas and fuel oil.<br />
Increasing demand for fertilizers in the agriculture sector is the major driving factor for the growth of global<br />
ammonia market across owing to increasing production capacity of ammonia across the globe this factor driving<br />
the market. For instance, according to the International Fertilizer Industry Association (IFA), ammonium<br />
production on the basis of region North America and South Asia accounted for 70% of overall capacity growth in<br />
forecast period (2017-2021).<br />
However, ammonia is irritating and corrosive. Thus, exposure to high concentrations of ammonia in air causes<br />
burning of nose, throat, and respiratory tract, which is one of the major factors restraining the ammonia market<br />
growth.<br />
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REPORT DESCRIPTION<br />
Detailed Segmentation:<br />
Global <strong>Ammonia</strong> <strong>Market</strong>, By Form:<br />
<br />
Liquid<br />
<br />
Gas<br />
<br />
Powder<br />
Global <strong>Ammonia</strong> <strong>Market</strong>, By Application:<br />
<br />
Fertilizers<br />
<br />
Refrigerants<br />
<br />
Cleansing Agents<br />
<br />
Explosives<br />
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REPORT DESCRIPTION<br />
Asia Pacific is expected to account for significant market share in the global ammonia market in terms of revenue<br />
over the forecast period. <strong>Ammonia</strong> is used in cleansing agents and as food additives. <strong>Ammonia</strong> is used as<br />
leavening agents in baked goods and as an acidity controller in cheese and chocolate. According to Coherent<br />
<strong>Market</strong> Insights’ analysis, the global chocolate market was valued at US$ 99.60 billion in 2016 and is expected to<br />
grow at a CAGR of 6.6% over the forecast period, which in turn will drive growth of ammonia market.<br />
Europe held significant market share in the global ammonia market in 2017 and is expected to retain its<br />
dominance over the forecast period owing to benefits of the ammonia such as acid regulators, stabilizers.<br />
According to World Health Organization (WHO), the estimated daily ammonia intake through food and drinking<br />
water is 18 mg, by inhalation is less than 1 mg, and through cigarette smoking (20 cigarettes per day) is less than<br />
1 mg. In contrast, 4000 mg of ammonia per day are produced endogenously in the human intestine.<br />
Some of the key players operating in the global ammonia market include Yara International ASA, BASF SE, CF<br />
Industries Holdings, Inc., Nutrien Ltd., Potash Corporation of Saskatchewan Inc., Dangyang Huaqiang Chemical<br />
Co., Ltd., Shanxi Jinfeng Coal Chemical Co Ltd., GTS Chemical Holdings plc.,Togliattiazot, OCI Nitrogen B.V.,<br />
Agrium Inc., Sabic, and Koch Fertilizer, LLC among others.<br />
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