Ammonia Market
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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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