Global Ammonia Markets 2021-2025 - Increasing Manufacturing of Pharmaceuticals / Growing Production of Low-Carbon Hydrogen / Upsurge in Ammonia Capacity / Rising Need for Eco-friendly Refrigerants
DUBLIN, July 26, 2021 /PRNewswire/ -- The "Global Ammonia Market (by Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has been added to ResearchAndMarkets.com's offering.
The global ammonia market is expected to record a value of US$74.61 billion, growing at a CAGR of 5.59% during 2021-2025
The factors such as growing demand for nitrogen, growing potentials of green ammonia as marine fuel, increasing demand for urea, increasing use of margarine, expansion of explosive industry and increasing demand for semiconductor would drive the growth of the market.
However, the market growth would be challenged by higher initial capital requirements for green ammonia plant infrastructure and health effects of ammonia exposure. A few notable trends may include increasing manufacturing of pharmaceuticals, growing production of low-carbon hydrogen, upsurge in ammonia capacity and rising need for eco-friendly refrigerants.
The global ammonia market is highly competitive in nature and is currently witnessing constant price fluctuations. The industry is marked by the presence of global market players that are investing in the research & development activities for innovating new and developed processes. Owing to this, the adoption of ammonia is highly encouraged across various industries, which is accelerating the growth of the global ammonia market.
The fastest growing regional market was Asia Pacific, due to the massive ammonia production in China, which is likely to ascend in coming years. Additionally, the U.S., one of the among the major producers of ammonia, is likely to expand ammonia capacity in near future, which would also in the in the market growth globally.
Further, disruption in the supply chain of raw materials, caused by the COVID-19 crises, resulted in the downfall in ammonia demand, which eventually had a negative impact on its market growth globally.
Scope of the report:
- The report provides a comprehensive analysis of the global ammonia market.
- The major regional markets (Asia Pacific, North America and Europe ROW), along with the country coverage of the U.S. have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (BASF SE Nutrien, Yara International, Orica, CF Industries and OCI) are also presented in detail.
Key target audience:
- Ammonia Manufacturers
- Raw Material Suppliers
- End Users (Agriculture, Chemical, Transportation, Mining)
- Consulting Firms
- Investment Banks
- Government Bodies & Regulating Authorities
Key Topics Covered:
1. Market Overview
1.1 Introduction
1.2 Some Benefits of Ammonia
1.3 Application of Ammonia by Top Industries
1.4 Ammonia for Clean Power
1.5 Ammonia Simplified Value Chain
2. COVID-19 Impact
2.1 Negative Impact on Agrochemical Industry
2.2 Decline in Petroleum Production
2.3 Downfall in the Copper Mine Production
2.4 Halt in the Textile Industry
3. Global Market
3.1 Global Ammonia Market by Value
3.2 Global Ammonia Market Forecast by Value
3.3 Global Ammonia Market Value by Application
3.3.1 Global Fertilizer Ammonia Market by Value
3.3.2 Global Fertilizer Ammonia Market Forecast by Value
3.3.3 Global Refrigerant Ammonia Market by Value
3.3.4 Global Refrigerant Ammonia Market Forecast by Value
3.3.5 Global Pharmaceutical Ammonia Market by Value
3.3.6 Global Pharmaceutical Ammonia Market Forecast by Value
3.3.7 Global Textile Ammonia Market by Value
3.3.8 Global Textile Ammonia Market Forecast by Value
3.4 Global Ammonia Market by Regions
3.5 Global Ammonia Market by Volume
3.6 Global Ammonia Market Forecast by Volume
4. Regional Market
4.1 Asia Pacific
4.2 North America
4.2.1 North America Ammonia Market by Value
4.2.2 North America Ammonia Market Forecast by Value
4.2.3 North America Ammonia Market Value by Regions
4.2.4 The U.S. Ammonia Market by Value
4.2.5 The U.S. Ammonia Market Forecast by Value
4.2.6 The U.S. Ammonia Market Value by Product Type
4.2.7 The U.S. Liquid Ammonia Market by Value
4.2.8 The U.S. Liquid Ammonia Market Forecast by Value
4.2.9 The U.S. Gas Ammonia Market by Value
4.2.10 The U.S. Gas Ammonia Market Forecast by Value
4.2.11 The U.S. Power Ammonia Market by Value
4.2.12 The U.S. Power Ammonia Market Forecast by Value
4.2.13 The U.S. Ammonia Production Volume
4.2.14 The U.S. Ammonia Consumption Volume
4.2.15 The U.S. Ammonia Export Volume
4.2.16 The U.S. Ammonia Import Volume
4.2.17 The U.S. Ammonia Import Volume by Region
4.3 Europe
4.4 ROW
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Growing Demand for Nitrogen
5.1.2 Growing Potentials of Green Ammonia as Marine Fuel
5.1.3 Increasing Demand for Urea
5.1.4 Increasing Use of Margarine
5.1.5 Expansion of Explosives Industry
5.1.6 Increase in Demand for Semiconductor
5.2 Key Trends & Developments
5.2.1 Increasing Manufacturing of Pharmaceuticals
5.2.2 Growing Production of Low-Carbon Hydrogen
5.2.3 Upsurge in Ammonia Capacity
5.2.4 Rising Need for Eco-friendly Refrigerants
5.3 Challenges
5.3.1 Higher Initial Capital Requirements for Green Ammonia Plant Infrastructure
5.3.2 Health Effects of Ammonia Exposure
6. Competitive Landscape
6.1 Global Market
6.1.1 Key Players - Revenue Comparison
6.1.2 Key Players - Market Capitalization Comparison
7. Company Profiles
7.1 Business Overview
7.2 Financial Overview
7.3 Business Strategies
- BASF SE
- CF Industries
- Nutrien
- OCI
- Orica
- Yara International
For more information about this report visit https://www.researchandmarkets.com/r/nauc5u
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article