[Online Quarterly Update] Ammonia Market has shown significant growth as it reached 11.38 million tonnes in 2020 and is forecasted to achieve a healthy CAGR of 4.60% in the next ten years until 2030. Ammonia with the chemical formula NH3 is an organic compound composed of Nitrogen and Hydrogen. It is a highly reactive, colorless and soluble gas with a pungent smell. It is considered as a building-block chemical and a key component used in the manufacturing of several day-to-day products. Natural source of gas includes soil, air, water, plants, animals and humans. Industrially, the production of Ammonia is done on a large scale by the steam reforming of natural gas, in which the natural gas is converted into liquified petroleum gas, or petroleum naphtha to produce hydrogen, which is further combined with nitrogen to produce Ammonia via the Haber-Bosch process. Ammonia is an important chemical that can be used in various sectors and for many different purposes. It serves as a fuel in energy production and engines, a key chemical in feedstock and chemicals production, the main ingredient for cleaning products, and a refrigerant for cooling systems. It is extensively used in numerous applications including pesticides, fertilizers, refrigerant gas, plastics, explosives, textiles, dyes, for purification of water supplies, and others. One of the highest end-uses for Ammonia is fertilizers. Approximately 80% of the industrially produced ammonia is used in agriculture as fertilizers which helps in increasing the levels of essential nutrients, like zinc, selenium, boron, etc. Based on different type, market is segregated into liquid and gas. Liquid Ammonia dominates the market as it is highly used in fertilizers and household cleaning applications. On the basis of end-use industries, the Ammonia market can be segmented into agriculture, textiles, pharmaceutical, mining, refrigeration, and others. The agriculture industry dominated the Ammonia market in the historic period and is forecasted to maintain its dominance until 2030. Exponentially increasing demand of Nitrogen fertilizer due to its advantages for application in the agricultural sector is likely to boost the Ammonia market in the next few years. Rapidly growing demand of gas for the refrigeration owing to the increasing consumption of frozen food, and fresh meat products, is anticipated to augment the market growth of Ammonia in upcoming years. Increasing demand of Ammonia by the pharmaceutical industry in emerging economies like China and others will further accelerate the market in the future.
On the onset of COVID-19, in 2020, the market was adversely affected due to the factors including strict social distancing norms and countrywide lockdowns in emerging as well as industrialized countries around the world. Several industries including agriculture, automobile, textiles and others that largely consumes Ammonia witnessed a severe decline. However, there was a rise in the demand of perishable goods, frozen food and meat products during the covid times which increased the need for ammonia to use in refrigeration, thereby driving its demand.
Among different regions, the Asia Pacific region dominated the Ammonia market in the historic period and is anticipated to maintain its dominance in the forecast period until 2030. Rapidly increasing demand of Ammonia for large-scale agricultural activities in Emerging economies including China and India is driving the dominance in the region. Growing demand of Ammonia by the pharmaceutical industry in the Asia Pacific region will further boost the Ammonia market in the future.
Major players for Ammonia include Rashtriya Chemicals and Fertilizers Limited (RCFL), Praxair Technology, Inc., EuroChem Group, SABIC, CF Industries Holdings, Inc., Koch Fertilizer, Yara International ASA, China National Petroleum Corporation, BASF SE, LLC, Qatar Petroleum, Nutrien Ltd., and Others.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
• To assess the demand-supply scenario of Ammonia which covers production, demand and supply of Ammonia market globally.
• To analyse and forecast the market size of Ammonia.
• To classify and forecast global Ammonia market based on application, technology, end-use and regional distribution.
• To identify drivers and challenges for global Ammonia market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Ammonia market.
• To identify and analyse the profile of leading players involved in the manufacturing of Ammonia.
To extract data for Ammonia market, primary research surveys were conducted with Ammonia manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Ammonia market over the coming years.
ChemAnalyst calculated Ammonia demand globally by analyzing the historical data and demand forecast which was carried out considering imported Ammonia, styrene prices, monomers used for production of Ammonia. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ammonia manufacturers and other stakeholders
• Organizations, forums and alliances related to Ammonia distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ammonia manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, Ammonia market has been segmented into following categories, in addition to the industry trends which have also been detailed below
Market, by Type
Liquid and Gas.
Market, by End-Use
Agriculture, Textiles, Pharmaceutical, Household Cleaning, Refrigeration, and Others
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders
Market, by Region
North America, APAC, Europe, MEA, South America
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