The global Ammonia market is forecast to grow at a rate of 5.7% in terms of value, from 2019 to reach USD 90.88 Billion by 2027, according to a new report by Reports and Data. The global demand for ammonia is driven by the growth in the fertilizer industry. According to the United Nations, the world\'s population is expected to exceed USD 8.6 Billion by 2030. The increasing demand for food, along with the rise in consumption of protein-rich diets, fruits, and vegetables, is expected to propel the demand for the fertilizers in the agricultural activity.
The global market for ammonia is growing steadily for the past couple of years. There has been a minimal constraint associated with feedstock natural gas available in major producing regions. A reduction in fertilizer prices has had a significant impact on manufacturers earning potential.
Asia-Pacific dominated the market due to the increasing population in the countries, like India and China. The agricultural activities in the region have increased, which has resulted in the increased consumption of ammonia-based fertilizers, thus driving the market. China witnessed a sharp rise in the prices of coal and faced steeper competition in its urea export market, leading to a drastic fall in the production of the product in 2016 as compared to 2015. Currently, the world is experiencing a weaker nutrient demand due to the poor economic prospect, lower crop and food prices, high competition, and fluctuations in energy prices.
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Top Players in the Global Ammonia Market:
BASF SE, SABIC, CF Industries Holdings, Inc., Huaqiang Chem Group, PotashCorp, Rashtriya Chemicals Fertilizers Ltd., China National Petroleum Corporation, China Petroleum Chemical Corporation, Shanxi Jinfeng Coal Chem, and Qatar Fertilizer Company
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Market segmentation based on Type Outlook:
- Liquid
- Gas
- Powder
Distribution Channel Outlook:
- Online
- Offline
Industry Verticals Outlook:
- Agriculture
- Mining
- Textiles
- Refrigeration
- Pharmaceutical
- Others
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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Global Ammonia Market: Table of Contents
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Ammonia market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Ammonia market?
- Which regional market is expected to lead in terms of revenue share in the global Ammonia market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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