Key Market Dynamics:
- Market Driver
- Market Challenge
The increasing demand for fertilizers is one of the key market drivers. The rapidly increasing population will propel the demand for food, which will result in an increase in the number of agricultural activities and the consumption of fertilizers. The number of undernourished people worldwide has also increased, along with the rise in chronic hunger among the population. Such factors will increase the demand for fertilizers such as ammonia. This will drive the growth of the market in focus during the forecast period.
However, factors such as stringent regulations regarding the storage and transportation of ammonia will challenge market growth. Ammonia is potentially hazardous and can cause irritation to the skin, eyes, and respiratory tract. When compressed into liquid, ammonia gas can cause severe cold burns when in contact with the skin. Thus, the storage, transportation, and handling of ammonia are subject to various international, European, and national regulations such as permits and licenses. Other factors such as fluctuation in prices of natural gas, which is used as a raw material for the production of ammonia, also affect the cost. These factors will hamper the production and adoption of ammonia during the forecast period.
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The ammonia market report is segmented by application (fertilizers and industrial) and geography (APAC, Europe, North America, South America, and MEA). APAC will be the leading region with 65% of the market's growth during the forecast period. China, India, and South Korea (Republic of Korea) are the key countries for the ammonia market in APAC.
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Some Companies Mentioned with their Offerings
- AB Achema - The company offers Ammonia (NH3) which is one of the most important products in the chemical industry used as a feedstock for nitric acid, ammonium salts, nitrates (nitric acid salts), nitrogen fertilizers, explosives, paints, and pharmaceutical products production.
- CF Industries Holdings Inc. - The company offers ammonia, which contains 82 percent nitrogen. It is the most concentrated nitrogen fertilizer. Because of its high nitrogen content, it is often the most cost-effective nitrogen fertilizer in agriculture.
- EuroChem Group AG - The company offers ammonia, which is the main component in fertilizer production used on plants in agriculture.
- KBR Inc. - The company offers Ammonia 6000, Blue Ammonia, Green Ammonia, and others under Ammonia fertilizers technologies.
- Linde Plc - The company offers Ammonia (NH3) in cylinders and drums which is used by a variety of industries for a wide range of applications like power and energy, chemicals, pharama, biotechnology, and others.
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Ammonia Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 2.54% |
Market growth 2021-2025 |
26.06 mn tons |
Market structure |
Fragmented |
YoY growth (%) |
2.97 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 65% |
Key consumer countries |
China, Russian Federation, US, India, and South Korea (Republic of Korea) |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AB Achema, CF Industries Holdings Inc., EuroChem Group AG, KBR Inc., Linde Plc, LSB Industries Inc., Nutrien Ltd., OCI NV, PJSC Togliattiazot, and Yara International ASA |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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SOURCE Technavio
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